Concentrum Wealth Management Sells 1,125,489 Shares of Meta Platforms, Inc. $META

Concentrum Wealth Management cut its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 90.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 118,088 shares of the social networking company’s stock after selling 1,125,489 shares during the period. Meta Platforms makes up about 21.8% of Concentrum Wealth Management’s portfolio, making the stock its largest holding. Concentrum Wealth Management’s holdings in Meta Platforms were worth $77,949,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Valued Wealth Advisors LLC grew its position in shares of Meta Platforms by 3.2% during the 3rd quarter. Valued Wealth Advisors LLC now owns 454 shares of the social networking company’s stock valued at $334,000 after acquiring an additional 14 shares during the period. First National Bank Sioux Falls grew its position in shares of Meta Platforms by 0.7% during the 4th quarter. First National Bank Sioux Falls now owns 2,001 shares of the social networking company’s stock valued at $1,321,000 after acquiring an additional 14 shares during the period. Levin Capital Strategies L.P. grew its position in shares of Meta Platforms by 1.4% during the 4th quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company’s stock valued at $649,000 after acquiring an additional 14 shares during the period. Vista Capital Partners Inc. grew its position in shares of Meta Platforms by 1.3% during the 2nd quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company’s stock valued at $794,000 after acquiring an additional 14 shares during the period. Finally, Bruce G. Allen Investments LLC grew its position in shares of Meta Platforms by 2.9% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 539 shares of the social networking company’s stock valued at $396,000 after acquiring an additional 15 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on META. Raymond James Financial decreased their price target on shares of Meta Platforms from $825.00 to $800.00 and set a “strong-buy” rating on the stock in a research note on Monday, January 26th. Stifel Nicolaus decreased their price target on shares of Meta Platforms from $805.00 to $780.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Meta Platforms from $880.00 to $920.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Meta Platforms in a research note on Friday, March 27th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Meta Platforms in a research note on Thursday, January 29th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Meta Platforms currently has an average rating of “Moderate Buy” and an average target price of $840.19.

Meta Platforms Trading Up 0.4%

META opened at $605.06 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35. The company’s 50 day simple moving average is $619.50 and its two-hundred day simple moving average is $637.47. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $796.25. The firm has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 1.06 and a beta of 1.25.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping 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 business had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. During the same period last year, the company posted $6.43 EPS. The business’s revenue was up 33.1% on a year-over-year basis. Analysts expect that Meta Platforms, Inc. will post 29.49 EPS for the current fiscal year.

More Meta Platforms News

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

• Negative Sentiment: Meta began cutting about 8,000 jobs, or roughly 10% of its workforce, as part of a broader AI-first restructuring. Investors may view the move as evidence that the company needs to offset rising AI investment costs, which could weigh on near-term profitability. Meta Begins Laying Off Thousands of Employees as It Transforms Around AI
• Negative Sentiment: Multiple reports say Meta tied the layoffs to funding its AI push, reinforcing worries that aggressive investment in AI could pressure earnings and cash flow before the benefits show up. Zuckerberg says ‘success isn’t a given’ in memo to employees amid Meta layoffs
• Negative Sentiment: Management’s decision to reassign about 7,000 workers into AI-related roles while cutting headcount highlights the scale of the internal overhaul and may keep morale and execution risks in focus. Meta Moves 7,000 Workers Into AI Roles Ahead of Job Cuts
• Negative Sentiment: Meta’s CFO, Susan Li, sold shares in a pre-arranged transaction, which can add to short-term caution even though the sale was reportedly for tax withholding purposes. Meta Platforms (NASDAQ:META) CFO Susan Li Sells 2,127 Shares
• Neutral Sentiment: Meta also offered rival AI chatbots limited free access to WhatsApp in Europe, a move that could support platform usage but does not yet have a clear near-term financial impact. Exclusive: Meta offers AI rival chatbots limited free WhatsApp access, sources say
• Neutral Sentiment: Analysts remain generally constructive on Meta’s long-term earnings power, with Wells Fargo only slightly trimming its price target while keeping an Overweight rating. Wells Fargo Trims Meta Platforms Price Target to $765: Why the AI Infrastructure Bet Still Has Believers

Insiders Place Their Bets

In other Meta Platforms news, CTO Andrew Bosworth sold 7,847 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $607.83, for a total value of $4,769,642.01. Following the transaction, the chief technology officer directly owned 414 shares of the company’s stock, valued at $251,641.62. This trade represents a 94.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 that occurred on Monday, April 13th. The stock was 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 171,517 shares of company stock valued at $109,138,067 in the last ninety days. 13.53% of the stock is currently owned by corporate 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.