Gambit Capital Management LLC Invests $766,000 in Meta Platforms, Inc. $META

Gambit Capital Management LLC bought a new position in Meta Platforms, Inc. (NASDAQ:META) in the fourth quarter, HoldingsChannel.com reports. The fund bought 1,161 shares of the social networking company’s stock, valued at approximately $766,000.

A number of other hedge funds have also modified their holdings of the stock. Lutz Financial Services LLC raised its holdings in shares of Meta Platforms by 2.2% in the 4th quarter. Lutz Financial Services LLC now owns 838 shares of the social networking company’s stock worth $553,000 after buying an additional 18 shares in the last quarter. Yanni & Associates Investment Advisors LLC acquired a new position in shares of Meta Platforms in the 4th quarter worth approximately $822,000. Verde Capital Management raised its holdings in shares of Meta Platforms by 6.4% in the 4th quarter. Verde Capital Management now owns 501 shares of the social networking company’s stock worth $331,000 after buying an additional 30 shares in the last quarter. Evergreen Wealth Management LLC raised its holdings in shares of Meta Platforms by 8.9% in the 4th quarter. Evergreen Wealth Management LLC now owns 9,353 shares of the social networking company’s stock worth $6,174,000 after buying an additional 766 shares in the last quarter. Finally, Cornerstone Management Inc. acquired a new position in shares of Meta Platforms in the 4th quarter worth approximately $225,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Meta Platforms

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Meta launched subscription plans for Facebook, Instagram, WhatsApp, and AI users, opening a new recurring-revenue stream and giving investors a clearer path beyond ads. Meta launches Instagram, Facebook, and WhatsApp subscriptions, with more to come, including AI plans
• Positive Sentiment: Meta is also testing paid AI subscription tiers, signaling another monetization lever for its fast-growing AI products. Meta to start testing AI subscription services, with cheapest plan at $7.99 a month
• Positive Sentiment: CEO Mark Zuckerberg said a Meta cloud computing business is “definitely on the table” if the company ends up with excess data-center capacity, hinting at a possible long-term expansion into a large enterprise market. Mark Zuckerberg says a Meta cloud computing business ‘definitely on the table’
• Positive Sentiment: Reports said Meta’s ad business remains strong, with AI features improving engagement and pricing power, reinforcing the company’s core earnings engine. META Rides on Solid Momentum in Ad Business: A Sign of More Upside?
• Neutral Sentiment: Unusually heavy call-option buying suggests traders are positioning for more upside, but it does not by itself change fundamentals.
• Negative Sentiment: The U.S. Supreme Court declined to hear Meta’s appeal in a Vermont social-media addiction case, allowing a legal challenge over teen safety and app design to proceed. US Supreme Court won’t hear Meta’s challenge to Vermont social media addiction lawsuit
• Negative Sentiment: Meta also faces fresh scrutiny from a Santa Clara County lawsuit alleging it profited from scam ads, adding to regulatory and legal overhangs. Santa Clara Lawsuit Tests Meta’s AI Ad Model And Governance Balance

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Meta Platforms in a report on Friday, March 27th. Needham & Company LLC reissued a “hold” rating on shares of Meta Platforms in a report on Thursday, January 29th. DA Davidson increased their target price on Meta Platforms from $825.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Wedbush increased their price target on Meta Platforms from $880.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Finally, Jefferies Financial Group increased their price target on Meta Platforms from $910.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $840.19.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 2,778 shares of the company’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $629.45, for a total transaction of $1,748,612.10. Following the transaction, the chief operating officer owned 10,557 shares of the company’s stock, valued at approximately $6,645,103.65. This represents a 20.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan J. Li sold 56,571 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $644.70, for a total value of $36,471,323.70. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 95,471 shares of company stock valued at $60,616,955. 13.53% of the stock is currently owned by corporate insiders.

Meta Platforms Stock Up 3.7%

NASDAQ META opened at $635.26 on Thursday. The stock’s 50 day simple moving average is $617.25 and its 200 day simple moving average is $636.82. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $796.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35. The firm has a market cap of $1.61 trillion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 1.08 and a beta of 1.25.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The firm had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. During the same quarter in the prior year, the business earned $6.43 EPS. The business’s revenue for the quarter was up 33.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 29.49 earnings per share for the current fiscal year.

About Meta Platforms

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.