Polar Capital Holdings Plc decreased its stake in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 38.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 877,058 shares of the social networking company’s stock after selling 538,229 shares during the period. Meta Platforms accounts for about 2.2% of Polar Capital Holdings Plc’s portfolio, making the stock its 7th largest holding. Polar Capital Holdings Plc’s holdings in Meta Platforms were worth $578,937,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the business. Opal Capital LLC bought a new stake in Meta Platforms in the 4th quarter valued at about $1,656,000. Rothschild Wealth LLC lifted its holdings in shares of Meta Platforms by 47.9% during the 4th quarter. Rothschild Wealth LLC now owns 3,436 shares of the social networking company’s stock worth $2,268,000 after acquiring an additional 1,113 shares during the period. Munro Partners lifted its holdings in shares of Meta Platforms by 7.6% during the 4th quarter. Munro Partners now owns 182,765 shares of the social networking company’s stock worth $120,641,000 after acquiring an additional 12,900 shares during the period. Temasek Holdings Private Ltd increased its position in Meta Platforms by 71.2% during the 4th quarter. Temasek Holdings Private Ltd now owns 366,511 shares of the social networking company’s stock worth $241,930,000 after purchasing an additional 152,442 shares in the last quarter. Finally, Rakuten Investment Management Inc. increased its position in Meta Platforms by 161.8% during the 4th quarter. Rakuten Investment Management Inc. now owns 343,623 shares of the social networking company’s stock worth $226,341,000 after purchasing an additional 212,368 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.
Insider Buying and Selling at Meta Platforms
In other Meta Platforms news, CFO Susan J. Li sold 9,195 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $607.84, for a total value of $5,589,088.80. Following the transaction, the chief financial officer directly owned 13,186 shares of the company’s stock, valued at approximately $8,014,978.24. This trade represents a 41.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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, COO Javier Olivan sold 2,778 shares of the firm’s stock in a transaction on Monday, April 13th. The shares were sold at an average price of $629.45, for a total transaction of $1,748,612.10. Following the completion of the transaction, the chief operating officer directly owned 10,557 shares in the company, valued at $6,645,103.65. This trade represents a 20.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 39,170 shares of company stock valued at $24,218,565 over the last ninety days. 13.53% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
View Our Latest Stock Report on META
Trending Headlines about Meta Platforms
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Meta’s new AI Mode in Facebook Search and related AI tools could open a new monetization stream and improve engagement across its apps. Meta introduces AI search and creative tools, Bank of America flags emerging monetization opportunity
- Positive Sentiment: Bank of America reiterated a Buy rating, saying Meta’s AI strategy remains a key growth catalyst. BofA Reiterates Buy Rating on Meta Platforms (META) Cites AI Strategy a Key Growth Catalyst
- Positive Sentiment: Threads reached 500 million monthly active users, highlighting continued platform growth and stronger user engagement. Meta’s Threads reaches 500 million monthly users, rolls out new features
- Neutral Sentiment: Meta’s CTO said morale in the AI unit is near historic lows, which may reflect execution challenges even as the company doubles down on AI. Meta’s CTO says morale is almost ‘the worst it’s ever been’
- Negative Sentiment: Apple’s upcoming AI-powered AirPods and smart glasses could intensify competition in the AI wearables market, potentially challenging Meta’s device strategy. Apple to launch AI-juiced AirPods and sunglasses, going head-to-head with Meta
- Negative Sentiment: Reports of consumer-protection lawsuits in Europe add another regulatory overhang for Meta. Consumer Protection: Three Chances for Damages from Meta Platforms
Meta Platforms Trading Up 1.1%
NASDAQ:META opened at $600.21 on Wednesday. The firm has a market cap of $1.52 trillion, a P/E ratio of 21.82, a P/E/G ratio of 1.05 and a beta of 1.23. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25. The firm’s fifty day moving average is $622.04 and its 200-day moving average is $635.51. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35.
Meta Platforms (NASDAQ:META – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, beating analysts’ consensus estimates of $6.67 by $3.77. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The firm had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. During the same period last year, the firm earned $6.43 earnings per share. The business’s quarterly revenue was up 33.1% compared to the same quarter last year. Equities analysts expect that Meta Platforms, Inc. will post 29.35 earnings per share for the current year.
Meta Platforms Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, June 15th. Meta Platforms’s dividend payout ratio (DPR) is 7.63%.
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.
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