Meta Platforms, Inc. $META Shares Purchased by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI increased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 44.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,195 shares of the social networking company’s stock after purchasing an additional 3,122 shares during the period. Meta Platforms accounts for approximately 1.1% of Arcadia Investment Management Corp MI’s portfolio, making the stock its 29th largest position. Arcadia Investment Management Corp MI’s holdings in Meta Platforms were worth $6,730,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Meta Platforms by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock valued at $132,015,115,000 after acquiring an additional 7,269,279 shares in the last quarter. State Street Corp boosted its stake in Meta Platforms by 1.9% in the second quarter. State Street Corp now owns 86,925,674 shares of the social networking company’s stock valued at $64,158,971,000 after acquiring an additional 1,650,435 shares in the last quarter. Geode Capital Management LLC boosted its stake in Meta Platforms by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 52,806,712 shares of the social networking company’s stock valued at $34,734,628,000 after acquiring an additional 878,396 shares in the last quarter. Capital World Investors boosted its stake in Meta Platforms by 0.7% in the third quarter. Capital World Investors now owns 39,247,690 shares of the social networking company’s stock valued at $28,823,375,000 after acquiring an additional 278,180 shares in the last quarter. Finally, Norges Bank acquired a new position in Meta Platforms in the fourth quarter valued at $22,152,075,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

More Meta Platforms News

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

• Positive Sentiment: Meta continues to be viewed as a major AI winner, with Truist calling out a potential next $20 billion business and analysts remaining bullish on the company’s long-term earnings power.
• Positive Sentiment: The company’s $115 million workforce academy and related data-center training initiatives reinforce its aggressive AI infrastructure buildout and commitment to scaling capacity.
• Positive Sentiment: Meta’s Best Buy partnership to showcase AI glasses and VR headsets could help drive consumer interest and future hardware adoption.
• Negative Sentiment: EU regulators ordered Meta to restore WhatsApp access for rival AI chatbots, adding antitrust pressure and potentially weakening Meta’s platform advantage.
• Negative Sentiment: A newly reported AI bug that enabled Instagram account takeovers raises fresh cybersecurity and trust concerns for the platform.
• Negative Sentiment: Reports that Meta has delayed a key AI rollout are fueling concern that monetization of its AI investments may take longer than expected.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Meta Platforms from $770.00 to $765.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. 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. BNP Paribas Exane assumed coverage on shares of Meta Platforms in a research note on Tuesday, June 2nd. They issued an “outperform” rating for the company. Mizuho decreased their price objective on shares of Meta Platforms from $850.00 to $835.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Finally, Truist Financial decreased their price objective on shares of Meta Platforms from $900.00 to $840.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $840.60.

Insider Activity at Meta Platforms

In other Meta Platforms news, insider Curtis J. Mahoney sold 2,079 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the transaction, the insider directly owned 1,118 shares in the company, valued at approximately $681,890.56. This represents a 65.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,847 shares of the company’s stock in a transaction dated 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 transaction, the chief technology officer owned 414 shares in the company, valued at $251,641.62. The trade was a 94.99% 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. Over the last three months, insiders have sold 41,305 shares of company stock valued at $25,567,928. 13.53% of the stock is owned by corporate insiders.

Meta Platforms Trading Down 0.1%

NASDAQ META opened at $584.59 on Wednesday. The stock has a market capitalization of $1.48 trillion, a P/E ratio of 21.25, a P/E/G ratio of 1.04 and a beta of 1.23. 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 $620.77 and a 200 day moving average price of $636.68. 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 (NASDAQ:META) last posted its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.67 by $3.77. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The firm had revenue of $56.31 billion during the quarter, compared to analysts’ expectations of $55.56 billion. During the same period in the prior year, the company posted $6.43 earnings per share. The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. Equities research analysts expect that Meta Platforms, Inc. will post 29.35 EPS for the current year.

Meta Platforms Announces Dividend

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

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.