Meta Platforms, Inc. $META Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 5.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 239,200 shares of the social networking company’s stock after selling 14,050 shares during the quarter. Meta Platforms accounts for about 1.9% of Mutual of America Capital Management LLC’s investment portfolio, making the stock its 5th largest holding. Mutual of America Capital Management LLC’s holdings in Meta Platforms were worth $175,664,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its holdings in shares of Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock valued at $20,230,000 after buying an additional 570 shares during the period. Revolve Wealth Partners LLC raised its stake in Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after acquiring an additional 875 shares during the period. Headwater Capital Co Ltd lifted its holdings in Meta Platforms by 294.7% in the first quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company’s stock worth $86,454,000 after acquiring an additional 112,000 shares during the last quarter. Dymon Asia Capital Singapore PTE. LTD. acquired a new position in Meta Platforms in the second quarter valued at approximately $213,000. Finally, Hamilton Capital Partners LLC grew its holdings in shares of Meta Platforms by 6.3% during the second quarter. Hamilton Capital Partners LLC now owns 24,760 shares of the social networking company’s stock valued at $18,275,000 after purchasing an additional 1,473 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on META. Arete Research set a $718.00 target price on Meta Platforms in a research report on Thursday, December 4th. JPMorgan Chase & Co. raised their target price on shares of Meta Platforms from $800.00 to $825.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. The Goldman Sachs Group reissued a “buy” rating on shares of Meta Platforms in a research report on Tuesday, October 14th. Pivotal Research reduced their price target on shares of Meta Platforms from $930.00 to $910.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $860.00 price objective (up from $750.00) on shares of Meta Platforms in a research report on Thursday, January 29th. Five analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $848.50.

Meta Platforms Stock Performance

NASDAQ:META opened at $691.70 on Wednesday. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a market capitalization of $1.74 trillion, a price-to-earnings ratio of 29.43, a PEG ratio of 1.21 and a beta of 1.28. The business has a 50 day moving average of $655.04 and a 200 day moving average of $695.91. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.60 and a quick ratio of 2.60.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, January 28th. The social networking company reported $8.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.16 by $0.72. The firm had revenue of $59.89 billion for the quarter, compared to analysts’ expectations of $58.33 billion. Meta Platforms had a return on equity of 38.61% and a net margin of 30.08%.The business’s revenue was up 23.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.02 earnings per share. On average, sell-side analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 15th were given a $0.525 dividend. The ex-dividend date was Monday, December 15th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s dividend payout ratio is presently 8.94%.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Wall Street has been upgrading Meta and lifting price targets after the company’s strong Q4 print and exceptionally strong Q1 revenue guide, supporting upside expectations. Read More.
• Positive Sentiment: Several brokerages reiterated/raised ratings — examples include Cantor Fitzgerald bumping its target to $860 and Barclays keeping an Overweight — reinforcing the buy-side view that fundamentals and ad recovery justify higher multiples. Read More.
• Neutral Sentiment: Macro/tech headlines around AI capex are creating mixed market reactions: Meta’s AI investments and infrastructure plans underpin growth but also increase near-term spending volatility; that ambiguity is tempering momentum. Read More.
• Neutral Sentiment: Meta is locking in off-grid power for hyperscale data needs (reported prepayment/agreements with SMR developers), which secures energy for AI workloads but implies long-dated infrastructure commitments. This is strategic but capital-intensive. Read More.
• Negative Sentiment: Analysts and commentators warn that AI capex and Reality Labs spending are rising quickly; several notes caution that mounting expenses could compress margins if revenue acceleration slows. Read More.
• Negative Sentiment: Regulatory risk: India’s top court questioned WhatsApp’s data-sharing with Meta entities and warned a ban could be reimposed — a tangible legal/regulatory headwind in a major market. Read More.

Insider Buying and Selling

In other news, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $658.69, for a total transaction of $341,860.11. Following the sale, the insider owned 28,658 shares in the company, valued at $18,876,738.02. This trade represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Javier Olivan sold 517 shares of the stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $665.00, for a total transaction of $343,805.00. Following the transaction, the chief operating officer directly owned 10,132 shares of the company’s stock, valued at $6,737,780. This trade represents a 4.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 39,077 shares of company stock valued at $23,955,958. 13.61% of the stock is owned by corporate insiders.

Meta Platforms Company 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.