Meta Platforms, Inc. $META Shares Sold by Diversified Trust Co

Diversified Trust Co lowered its stake in Meta Platforms, Inc. (NASDAQ:META) by 12.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,423 shares of the social networking company’s stock after selling 10,636 shares during the period. Meta Platforms makes up about 0.8% of Diversified Trust Co’s investment portfolio, making the stock its 20th largest holding. Diversified Trust Co’s holdings in Meta Platforms were worth $42,008,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Westchester Capital Management Inc. acquired a new position in shares of Meta Platforms in the 3rd quarter valued at $26,000. RHL Group LLC purchased a new position in shares of Meta Platforms in the fourth quarter worth approximately $28,000. Strategic Wealth Advisors LLC acquired a new stake in shares of Meta Platforms during the fourth quarter valued at approximately $29,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Meta Platforms in the 4th quarter valued at approximately $42,000. Finally, Key Capital Management INC acquired a new position in Meta Platforms in the 4th quarter worth approximately $48,000. 79.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on META. Cantor Fitzgerald cut their target price on shares of Meta Platforms from $850.00 to $750.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $810.00 price objective on shares of Meta Platforms in a research note on Monday, June 1st. Morgan Stanley decreased their price objective on Meta Platforms from $825.00 to $775.00 and set an “overweight” rating for the company in a research report on Monday, March 30th. Benchmark started coverage on Meta Platforms in a research note on Tuesday, June 2nd. They set a “buy” rating on the stock. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $725.00 price target (down from $825.00) on shares of Meta Platforms in a research report on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus target price of $840.60.

Meta Platforms Stock Down 2.3%

Shares of Meta Platforms stock opened at $563.85 on Tuesday. The firm has a market cap of $1.43 trillion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 1.02 and a beta of 1.23. The stock has a 50-day simple moving average of $619.98 and a 200-day simple moving average of $633.52. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week 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 released its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, topping analysts’ consensus estimates of $6.67 by $3.77. The firm had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The firm’s revenue was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.43 earnings per share. On average, equities research analysts expect that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 15th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, June 15th. Meta Platforms’s payout ratio is presently 7.63%.

Key Stories Impacting Meta Platforms

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 Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 140 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $600.00, for a total transaction of $84,000.00. Following the transaction, the chief operating officer directly owned 12,846 shares of the company’s stock, valued at $7,707,600. This represents a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 firm’s stock in a transaction dated 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 transaction, the insider owned 1,118 shares in the company, valued at approximately $681,890.56. This trade represents a 65.03% 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. Over the last three months, insiders sold 39,013 shares of company stock worth $24,115,999. Corporate insiders own 13.53% of the company’s stock.

About Meta Platforms

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.