Mach 1 Financial Group LLC lifted its position in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 629.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,414 shares of the social networking company’s stock after purchasing an additional 7,260 shares during the quarter. Meta Platforms makes up 1.1% of Mach 1 Financial Group LLC’s investment portfolio, making the stock its 22nd biggest holding. Mach 1 Financial Group LLC’s holdings in Meta Platforms were worth $5,554,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Meta Platforms by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock valued at $132,015,115,000 after purchasing an additional 7,269,279 shares during the period. State Street Corp grew its position in shares of Meta Platforms by 1.9% during the second quarter. State Street Corp now owns 86,925,674 shares of the social networking company’s stock worth $64,158,971,000 after acquiring an additional 1,650,435 shares during the last quarter. Capital World Investors grew its position in shares of Meta Platforms by 0.7% during the third quarter. Capital World Investors now owns 39,247,690 shares of the social networking company’s stock worth $28,823,375,000 after acquiring an additional 278,180 shares during the last quarter. Invesco Ltd. grew its position in shares of Meta Platforms by 0.8% during the third quarter. Invesco Ltd. now owns 17,153,754 shares of the social networking company’s stock worth $12,597,374,000 after acquiring an additional 142,229 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of Meta Platforms by 4.1% during the third quarter. Legal & General Group Plc now owns 14,332,168 shares of the social networking company’s stock worth $10,525,258,000 after acquiring an additional 558,792 shares during the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.
Meta Platforms Stock Down 0.4%
Shares of NASDAQ META opened at $632.51 on Friday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25. The firm has a 50-day moving average price of $617.84 and a 200 day moving average price of $636.88. The stock has a market capitalization of $1.60 trillion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 1.12 and a beta of 1.25.
Meta Platforms Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be issued a $0.525 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s dividend payout ratio is 7.63%.
Insider Transactions at Meta Platforms
In other Meta Platforms news, COO Javier Olivan sold 837 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $608.98, for a total value of $509,716.26. Following the sale, the chief operating officer owned 13,823 shares of the company’s stock, valued at approximately $8,417,930.54. This represents a 5.71% 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, insider Curtis J. Mahoney sold 2,079 shares of the company’s stock in a transaction 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 completion of the sale, the insider directly owned 1,118 shares in the company, valued at $681,890.56. This trade represents a 65.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 42,445 shares of company stock worth $26,306,420 over the last ninety days. 13.53% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of brokerages have recently issued reports on META. Rosenblatt Securities restated a “buy” rating and set a $1,015.00 target price on shares of Meta Platforms in a research report on Thursday. Royal Bank Of Canada restated an “outperform” rating and issued a $810.00 price objective on shares of Meta Platforms in a research note on Thursday, April 30th. KeyCorp restated an “overweight” rating and issued a $760.00 price objective on shares of Meta Platforms in a research note on Thursday, April 30th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $725.00 price objective (down from $825.00) on shares of Meta Platforms in a research note on Thursday, April 30th. Finally, Truist Financial dropped their price objective on shares of Meta Platforms from $900.00 to $840.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Four investment 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $840.19.
Read Our Latest Research Report on META
Meta Platforms News Summary
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Meta launched paid subscription plans across its flagship apps and Meta AI, opening a new monetization path that could reduce reliance on ad revenue. Mark Zuckerberg says a Meta cloud computing business ‘definitely on the table’
- Positive Sentiment: Analysts and market commentators are pointing to the subscription push as a meaningful upside driver, with some estimating it could add billions in annual revenue if adoption is strong. Meta’s Subscription Push Could Add $13.5 Billion By 2028 Across Instagram, Facebook, WhatsApp
- Neutral Sentiment: Meta also said it may eventually use excess AI/data-center capacity for a cloud business, which adds long-term optionality but is still early-stage. Mark Zuckerberg says a Meta cloud computing business ‘definitely on the table’
- Neutral Sentiment: The company declared a quarterly dividend, which is modest but reinforces capital-return strength. Meta Announces Quarterly Cash Dividend
- Negative Sentiment: Reuters reported Meta’s employee mouse-click tracking tool for AI training may run into EU privacy concerns, creating regulatory risk around data collection and cross-border use. Exclusive: Meta tool to track employee mouse clicks on collision course with EU privacy rules
- Negative Sentiment: Recent commentary from Jim Cramer and disclosures of insider selling add some caution around execution and valuation. Jim Cramer Says Meta “Has Not Excelled in a Visible Way”
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.
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