Meta Platforms, Inc. $META is Rockline Wealth Management LLC’s 4th Largest Position

Rockline Wealth Management LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,378 shares of the social networking company’s stock after purchasing an additional 909 shares during the period. Meta Platforms makes up 4.5% of Rockline Wealth Management LLC’s portfolio, making the stock its 4th largest holding. Rockline Wealth Management LLC’s holdings in Meta Platforms were worth $22,033,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Westchester Capital Management Inc. bought a new stake in Meta Platforms during the 3rd quarter valued at about $26,000. RHL Group LLC bought a new stake in Meta Platforms during the 4th quarter valued at about $28,000. Strategic Wealth Advisors LLC bought a new stake in Meta Platforms during the 4th quarter valued at about $29,000. Key Capital Management INC bought a new stake in Meta Platforms during the 4th quarter valued at about $48,000. Finally, Entrust Financial LLC bought a new stake in Meta Platforms during the 4th quarter valued at about $48,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Trading Down 1.3%

NASDAQ:META opened at $585.39 on Tuesday. 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 quick ratio of 2.35 and a current ratio of 2.35. The firm has a market cap of $1.48 trillion, a P/E ratio of 21.28, a P/E/G ratio of 1.05 and a beta of 1.23. The firm has a 50-day simple moving average of $619.59 and a 200-day simple moving average of $636.72.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, beating the consensus estimate of $6.67 by $3.77. The business had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The company’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.43 EPS. Equities analysts anticipate that Meta Platforms, Inc. will post 29.35 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 15th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, June 15th. Meta Platforms’s payout ratio is 7.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on META shares. Stifel Nicolaus decreased their price objective on shares of Meta Platforms from $805.00 to $780.00 and set a “buy” rating for the company in a report on Friday, May 1st. Susquehanna upgraded shares of Meta Platforms from a “positive” rating to a “positive” rating in a report on Tuesday, June 2nd. Cantor Fitzgerald decreased their price objective on shares of Meta Platforms from $850.00 to $750.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. The Goldman Sachs Group lowered shares of Meta Platforms from a “buy” rating to a “sell” rating in a report on Tuesday, June 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Meta Platforms in a report on Friday, March 27th. Three analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus target price of $840.60.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Meta announced a partnership with Associated Builders and Contractors to launch a $115 million workforce academy that will train construction technicians for its data center projects, helping address labor shortages and supporting its AI infrastructure expansion. Article Title
• Positive Sentiment: Italy’s competition regulator dropped its investigation into Meta’s WhatsApp AI bot, removing a legal overhang tied to how the company integrates AI into WhatsApp. Article Title
• Positive Sentiment: Meta also partnered with Best Buy to create “Meta Lab” experiential spaces where shoppers can test VR headsets and AI glasses, which could help boost hardware awareness and adoption. Article Title

Insider Activity

In related news, CTO Andrew Bosworth sold 7,847 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the completion of the transaction, the chief technology officer owned 414 shares in the company, valued at $251,641.62. The trade was a 94.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Curtis J. Mahoney sold 2,079 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the transaction, the insider owned 1,118 shares of the company’s stock, valued at approximately $681,890.56. This trade represents a 65.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 41,305 shares of company stock worth $25,567,928. Insiders own 13.53% of the company’s stock.

Meta Platforms Profile

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.