7,699 Shares in Meta Platforms, Inc. $META Bought by Cornerstone Planning LLC

Cornerstone Planning LLC acquired a new position in shares of Meta Platforms, Inc. (NASDAQ:META) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,699 shares of the social networking company’s stock, valued at approximately $5,099,000. Meta Platforms accounts for 1.1% of Cornerstone Planning LLC’s portfolio, making the stock its 25th largest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Westchester Capital Management Inc. purchased a new stake in Meta Platforms during the 3rd quarter valued at about $26,000. RHL Group LLC purchased a new position in Meta Platforms in the 4th quarter worth approximately $28,000. Strategic Wealth Advisors LLC acquired a new position in shares of Meta Platforms during the 4th quarter worth approximately $29,000. Niles Investment Management LLC acquired a new position in shares of Meta Platforms during the 4th quarter worth approximately $29,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Meta Platforms in the fourth quarter valued at approximately $42,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Price Performance

Shares of META opened at $563.85 on Tuesday. The firm has a 50-day simple moving average of $619.98 and a two-hundred day simple moving average of $633.52. The stock has a market cap of $1.43 trillion, a PE ratio of 20.50, a P/E/G ratio of 1.02 and a beta of 1.23. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $796.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data 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 analyst estimates of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The business’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period in the prior year, the business posted $6.43 EPS. As a group, analysts forecast that Meta Platforms, Inc. will post 29.35 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, June 15th. Meta Platforms’s dividend payout ratio is 7.63%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Tigress Financial increased their price target on Meta Platforms from $935.00 to $945.00 and gave the company a “strong-buy” rating in a report on Wednesday, March 18th. Weiss Ratings restated a “buy (b)” rating on shares of Meta Platforms in a report on Friday, March 27th. Roth Mkm reaffirmed a “buy” rating on shares of Meta Platforms in a research note on Thursday, April 30th. BNP Paribas Exane started coverage on Meta Platforms in a report on Tuesday, June 2nd. They set an “outperform” rating on the stock. Finally, KeyCorp reissued an “overweight” rating and set a $760.00 price target on shares of Meta Platforms in a research report on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus target price of $840.60.

More Meta Platforms News

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

• Positive Sentiment: Meta is making a major strategic push in India, investing $900 million in fintech startup CRED and appointing its founder, Kunal Shah, to lead WhatsApp. Investors may view this as a growth-oriented move that strengthens Meta’s positioning in a key market. Indian fintech firm CRED to raise $900 million from Meta at $4.5 billion valuation
• Positive Sentiment: Analysts and commentators continued to highlight upside potential for META, with reports noting Wall Street price targets implying substantial upside and framing the recent pullback as a buying opportunity. Meta Taps New WhatsApp Boss as Part of $900 Million Investment
• Neutral Sentiment: Meta is expanding Instagram beyond mobile with new TV features, a product move that could open another engagement channel but is not yet a material financial catalyst. Meta Takes on Streaming Giants With New ‘Instagram for TV’ Offerings
• Neutral Sentiment: Meta is pausing an internal mouse-tracking and employee activity program while it reviews data-security concerns. The move may reduce near-term controversy, but it also underscores internal governance and privacy issues around its AI efforts. Meta to pause internal mouse-tracking tech while examining data security issues
• Negative Sentiment: Reports of a leaked employee-activity database from Meta’s AI training program intensified backlash and raised concerns about internal data security and employee trust, which can weigh on sentiment. Meta pauses an AI training program that tracks employees’ keystrokes after a companywide leak
• Negative Sentiment: Shares are also being dragged by a broader tech selloff, with Meta included in a drop across the Magnificent 7 as investors rotate out of high-growth names. The Magnificent 7 Selloff Is a Rare Buying Opportunity

Insider Transactions at Meta Platforms

In other news, CTO Andrew Bosworth sold 7,847 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the completion of the transaction, the chief technology officer directly owned 414 shares in the company, valued at $251,641.62. This trade represents a 94.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 Meta Platforms stock in a transaction on Monday, April 13th. The shares were sold at an average price of $629.45, for a total value of $1,748,612.10. Following the completion of the sale, the chief operating officer directly owned 10,557 shares of the company’s stock, valued at $6,645,103.65. The trade was 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 39,013 shares of company stock valued at $24,115,999 over the last three months. 13.53% of the stock is currently owned by company 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.