Foster & Motley Inc. Has $14.27 Million Stock Position in Meta Platforms, Inc. $META

Foster & Motley Inc. increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 11.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,942 shares of the social networking company’s stock after buying an additional 2,636 shares during the quarter. Meta Platforms accounts for 0.7% of Foster & Motley Inc.’s investment portfolio, making the stock its 27th largest holding. Foster & Motley Inc.’s holdings in Meta Platforms were worth $14,270,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after buying an additional 570 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after acquiring an additional 875 shares during the last quarter. Headwater Capital Co Ltd grew its holdings in shares of Meta Platforms by 294.7% during the first quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company’s stock worth $86,454,000 after purchasing an additional 112,000 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. bought a new position in shares of Meta Platforms in the second quarter worth approximately $213,000. Finally, Capital & Planning LLC purchased a new stake in Meta Platforms in the second quarter valued at approximately $322,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta is being highlighted as a market outperformer, with coverage noting it has exceeded broader market returns, reinforcing the view that investors still see strong fundamentals behind the stock. Article Title
• Positive Sentiment: Meta and EssilorLuxottica launched a cheaper new line of AI smart glasses starting at $299, which could expand adoption of its wearables strategy and support long-term growth. Article Title
• Positive Sentiment: Meta’s analyst consensus remains “Moderate Buy,” suggesting Wall Street still sees upside potential despite recent volatility. Article Title
• Positive Sentiment: Multiple pieces point to Meta being a preferred growth stock for long-term investors, including commentary citing billionaire Dan Loeb’s bullish stance. Article Title
• Neutral Sentiment: Coverage comparing Meta with Snap underscores Meta’s much larger revenue base and more consistent growth, but this is more of a fundamentals refresher than a new catalyst. Article Title
• Negative Sentiment: Reports that Google is limiting Meta’s use of Gemini AI models raise a potential constraint on Meta’s access to outside AI compute capacity, which could be a modest headwind for its AI development plans. Article Title

Insider Transactions at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 140 shares of Meta Platforms stock in a transaction on Monday, June 15th. The shares were sold at an average price of $600.00, for a total value of $84,000.00. Following the completion of the transaction, the chief operating officer directly owned 12,846 shares of the company’s stock, valued at $7,707,600. This trade represents a 1.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis J. Mahoney sold 2,079 shares of Meta Platforms stock in a transaction 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 directly owned 1,118 shares of the company’s stock, valued at $681,890.56. The trade was a 65.03% decrease in their ownership of the stock. 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. Insiders have sold 39,013 shares of company stock valued at $24,115,999 in the last ninety days. Corporate insiders own 13.53% of the company’s stock.

Meta Platforms Stock Up 2.2%

Shares of Meta Platforms stock opened at $562.60 on Tuesday. The firm has a market cap of $1.42 trillion, a price-to-earnings ratio of 20.45, a PEG ratio of 0.97 and a beta of 1.23. The company has a 50-day moving average of $609.99 and a 200 day moving average of $629.84. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 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.

Meta Platforms (NASDAQ:META) last issued its 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 for the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The company’s revenue was up 33.1% compared to the same quarter last year. During the same period last year, the business posted $6.43 EPS. As a group, sell-side analysts anticipate that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were given a dividend of $0.525 per share. The ex-dividend date was Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. Meta Platforms’s dividend payout ratio (DPR) is presently 7.63%.

Analysts Set New Price Targets

A number of equities analysts have commented on META shares. Weiss Ratings cut shares of Meta Platforms from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Bank of America reduced their price objective on Meta Platforms from $885.00 to $820.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. The Goldman Sachs Group lowered Meta Platforms from a “buy” rating to a “sell” rating in a research note on Tuesday, June 2nd. Tigress Financial lifted their price target on Meta Platforms from $935.00 to $945.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, March 18th. Finally, Sanford C. Bernstein lowered their price objective on Meta Platforms from $900.00 to $850.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $840.60.

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.