Infusive Asset Management Inc. Boosts Stake in Meta Platforms, Inc. $META

Infusive Asset Management Inc. boosted its position in Meta Platforms, Inc. (NASDAQ:META) by 110.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,194 shares of the social networking company’s stock after purchasing an additional 10,079 shares during the period. Meta Platforms comprises approximately 5.4% of Infusive Asset Management Inc.’s portfolio, making the stock its 4th biggest holding. Infusive Asset Management Inc.’s holdings in Meta Platforms were worth $12,670,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of META. Westchester Capital Management Inc. purchased a new position in shares of Meta Platforms during the 3rd quarter valued at $26,000. RHL Group LLC purchased a new stake in Meta Platforms in the 4th quarter worth about $28,000. Strategic Wealth Advisors LLC bought a new stake in Meta Platforms in the 4th quarter valued at about $29,000. Key Capital Management INC bought a new stake in Meta Platforms in the 4th quarter valued at about $48,000. Finally, Entrust Financial LLC purchased a new stake in Meta Platforms during the fourth quarter valued at about $48,000. 79.91% of the stock is owned by institutional investors.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Meta is expanding its AI infrastructure globally, including a new AI-enabled data center partnership in India with Reliance Industries, reinforcing confidence in its long-term artificial intelligence strategy.
• Positive Sentiment: The company launched Instagram Plus globally, an optional subscription product that could help diversify revenue beyond advertising.
• Positive Sentiment: Analysts and commentary from Morgan Stanley, Zacks, and others continued to describe Meta as a high-quality growth and compounder stock, with recent earnings still viewed as strong.

Meta Platforms Price Performance

META opened at $566.98 on Monday. The firm has a market capitalization of $1.43 trillion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 1.00 and a beta of 1.23. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $796.25. The company has a fifty day moving average price of $621.15 and a 200-day moving average price of $636.05. 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 quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.67 by $3.77. The company 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 firm’s revenue was up 33.1% compared to the same quarter last year. During the same quarter last year, the business posted $6.43 earnings per share. Equities research analysts expect that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced 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 yield of 0.4%. The ex-dividend date is Monday, June 15th. Meta Platforms’s dividend payout ratio is currently 7.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on META shares. Sanford C. Bernstein cut their target price on shares of Meta Platforms from $900.00 to $850.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Cantor Fitzgerald lowered their price target on shares of Meta Platforms from $850.00 to $750.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Morgan Stanley dropped their price target on shares of Meta Platforms from $825.00 to $775.00 and set an “overweight” rating on the stock in a research note on Monday, March 30th. Wedbush raised shares of Meta Platforms from an “outperform” rating to a “neutral” rating in a report on Tuesday, June 2nd. Finally, Guggenheim reduced their price objective on shares of Meta Platforms from $850.00 to $800.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $840.60.

Insider Transactions at Meta Platforms

In related news, insider Curtis J. Mahoney sold 2,079 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total value of $1,268,023.68. Following the transaction, the insider directly owned 1,118 shares in the company, valued at approximately $681,890.56. This represents a 65.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan J. Li sold 9,195 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $607.84, for a total transaction of $5,589,088.80. Following the completion of the sale, the chief financial officer directly owned 13,186 shares in the company, valued at $8,014,978.24. This represents a 41.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last quarter, insiders have sold 39,170 shares of company stock worth $24,218,565. 13.53% of the stock is owned by insiders.

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.