MayTech Global Investments LLC Purchases 1,017 Shares of Meta Platforms, Inc. $META

MayTech Global Investments LLC lifted its position in Meta Platforms, Inc. (NASDAQ:META) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,534 shares of the social networking company’s stock after acquiring an additional 1,017 shares during the period. Meta Platforms makes up approximately 8.1% of MayTech Global Investments LLC’s holdings, making the stock its 3rd biggest holding. MayTech Global Investments LLC’s holdings in Meta Platforms were worth $80,227,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Westchester Capital Management Inc. acquired a new stake in shares of Meta Platforms in the 3rd quarter valued at approximately $26,000. RHL Group LLC acquired a new stake in shares of Meta Platforms in the 4th quarter valued at approximately $28,000. Strategic Wealth Advisors LLC acquired a new stake in shares of Meta Platforms in the 4th quarter valued at approximately $29,000. Key Capital Management INC acquired a new stake in shares of Meta Platforms in the 4th quarter valued at approximately $48,000. Finally, Entrust Financial LLC acquired a new stake in shares of Meta Platforms in the 4th quarter valued at approximately $48,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Performance

Shares of META stock opened at $593.48 on Tuesday. 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 company has a market capitalization of $1.50 trillion, a P/E ratio of 21.57, a price-to-earnings-growth ratio of 1.00 and a beta of 1.23. The company’s 50 day moving average price is $621.53 and its two-hundred day moving average price is $635.75. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, topping the consensus estimate of $6.67 by $3.77. The firm had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The business’s quarterly revenue was up 33.1% on a year-over-year basis. During the same period last year, the company posted $6.43 EPS. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 15th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, June 15th. Meta Platforms’s payout ratio is currently 7.63%.

Key Meta Platforms News

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

• Positive Sentiment: Meta launched new Facebook AI Mode features that pull answers from public information across its apps, including Groups and Reels, which analysts say could create a major new revenue stream and improve engagement. Article Title
• Positive Sentiment: Options traders are showing bullish interest after Meta’s AI-fueled pop, suggesting investors are positioning for further upside tied to the new product rollout. Article Title
• Positive Sentiment: Coverage highlighting Meta’s chip ambitions and broader AI strategy is reinforcing the view that its massive AI capex could eventually translate into greater control over infrastructure and better margins. Article Title
• Neutral Sentiment: Several investor-commentary pieces pointed to long-term value creation and argued Meta’s valuation looks attractive versus its growth, but these were mainly opinion-driven rather than new company-specific catalysts. Article Title
• Negative Sentiment: Investors are still weighing Meta’s huge AI spending, which some articles say could pressure profitability or even raise questions about future financing and dilution if the company keeps ramping investment. Article Title
• Negative Sentiment: Meta is also facing reputational and regulatory headwinds, including criticism over AI-unit working conditions, the unwind of its Manus deal, and a proposed UK social media ban for users under 16 that could weigh on future engagement. Article Title

Analyst Ratings Changes

A number of brokerages recently weighed in on META. Barclays increased their price target on shares of Meta Platforms from $800.00 to $830.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Wedbush upgraded shares of Meta Platforms from an “outperform” rating to a “neutral” rating in a research report on Tuesday, June 2nd. Citizens Jmp restated a “market outperform” rating and set a $900.00 target price on shares of Meta Platforms in a report on Tuesday, April 21st. Wells Fargo & Company dropped their target price on shares of Meta Platforms from $770.00 to $765.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Finally, Susquehanna upgraded shares of Meta Platforms from a “positive” rating to a “positive” rating in a report on Tuesday, June 2nd. Three research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $840.60.

Insider Buying and Selling at Meta Platforms

In related 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 completion of the transaction, the chief financial officer 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 document filed 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, insider Curtis J. Mahoney sold 2,079 shares of Meta Platforms stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the completion of the sale, the insider owned 1,118 shares in the company, valued at $681,890.56. The trade was a 65.03% 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. Over the last ninety days, insiders have sold 39,170 shares of company stock worth $24,218,565. Company insiders own 13.53% of the company’s stock.

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.