AMF Tjanstepension AB Sells 1,512 Shares of Meta Platforms, Inc. $META

AMF Tjanstepension AB cut its position in Meta Platforms, Inc. (NASDAQ:META) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 506,296 shares of the social networking company’s stock after selling 1,512 shares during the quarter. Meta Platforms makes up approximately 2.1% of AMF Tjanstepension AB’s investment portfolio, making the stock its 14th largest holding. AMF Tjanstepension AB’s holdings in Meta Platforms were worth $334,201,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of META. Westchester Capital Management Inc. acquired a new position in shares of Meta Platforms during the third quarter valued at about $26,000. Strategic Wealth Advisors LLC acquired a new position in shares of Meta Platforms during the fourth quarter valued at about $29,000. Key Capital Management INC acquired a new position in shares of Meta Platforms during the fourth quarter valued at about $48,000. Entrust Financial LLC acquired a new position in Meta Platforms in the 4th quarter worth approximately $48,000. Finally, Fairway Wealth LLC increased its holdings in Meta Platforms by 36.8% in the 4th quarter. Fairway Wealth LLC now owns 78 shares of the social networking company’s stock worth $51,000 after buying an additional 21 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 2,778 shares of the stock in a transaction on Monday, April 13th. The stock was sold at an average price of $629.45, for a total value of $1,748,612.10. Following the completion of the transaction, the chief operating officer directly owned 10,557 shares of the company’s stock, valued at approximately $6,645,103.65. This represents a 20.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 on Monday, May 18th. The stock was sold at an average price of $607.84, for a total value of $5,589,088.80. Following the completion of the sale, the chief financial officer directly owned 13,186 shares of the company’s stock, valued at $8,014,978.24. This trade represents a 41.08% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 40,366 shares of company stock valued at $25,038,396. 13.53% of the stock is owned by insiders.

Analyst Ratings Changes

META has been the topic of several research reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $725.00 price target (down from $825.00) on shares of Meta Platforms in a report on Thursday, April 30th. Guggenheim lowered their price objective on Meta Platforms from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Arete Research restated a “neutral” rating on shares of Meta Platforms in a research report on Thursday, March 5th. Sanford C. Bernstein lowered their price objective on Meta Platforms from $900.00 to $850.00 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. Finally, Needham & Company LLC restated a “hold” rating on shares of Meta Platforms in a research report 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 issued a Hold rating to the company. Based on data from MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and an average target price of $840.19.

Key Meta Platforms News

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

• Positive Sentiment: Meta launched paid subscription plans for Facebook, Instagram, WhatsApp, and Meta AI, creating a new monetization path beyond advertising. Early reports suggest the pricing could meaningfully add to revenue over time, and analysts have highlighted upside if adoption builds. Article Title
• Positive Sentiment: Meta also announced a quarterly cash dividend, which may appeal to income-focused investors and signals confidence in the company’s cash generation. Article Title
• Positive Sentiment: Analyst commentary remained constructive, with Rosenblatt reaffirming a buy rating and raising its price target, reflecting optimism around Meta’s ad business, AI efforts, and new subscription revenue. Article Title
• Neutral Sentiment: Meta committed additional funding to its Oversight Board through 2028, which supports governance stability but is unlikely to move the stock much on its own. Article Title
• Neutral Sentiment: COO Javier Olivan sold shares under a pre-arranged trading plan, which is routine insider activity and not necessarily a bearish signal.
• Negative Sentiment: Meta faces continued legal and reputational overhangs, including a Kentucky trial seeking a large penalty and a Supreme Court setback in the Vermont Instagram addiction case. Article Title

Meta Platforms Trading Up 0.0%

Shares of NASDAQ:META opened at $635.29 on Friday. 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 $1.61 trillion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 1.13 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35. The business’s 50 day moving average price is $617.50 and its 200-day moving average price is $636.91.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data 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. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The firm had revenue of $56.31 billion during the quarter, compared to the consensus estimate of $55.56 billion. During the same period in the prior year, the company earned $6.43 EPS. The firm’s revenue was up 33.1% compared to the same quarter last year. On average, equities research analysts forecast that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

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.