Atmos Capital Gestao DE Recursos LTDA. Sells 4,370 Shares of Meta Platforms, Inc. $META

Atmos Capital Gestao DE Recursos LTDA. trimmed its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 22.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,336 shares of the social networking company’s stock after selling 4,370 shares during the quarter. Meta Platforms accounts for approximately 1.3% of Atmos Capital Gestao DE Recursos LTDA.’s investment portfolio, making the stock its 14th largest position. Atmos Capital Gestao DE Recursos LTDA.’s holdings in Meta Platforms were worth $10,123,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. McLaughlin Asset Management Inc. purchased a new stake in shares of Meta Platforms in the fourth quarter valued at $2,225,000. Bauman Advisory Group LLC purchased a new position in shares of Meta Platforms during the 4th quarter worth about $324,000. White Knight Strategic Wealth Advisors LLC grew its holdings in Meta Platforms by 305.0% during the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 1,867 shares of the social networking company’s stock valued at $1,232,000 after purchasing an additional 1,406 shares during the last quarter. Kinloch Capital LLC grew its holdings in Meta Platforms by 15.2% during the 4th quarter. Kinloch Capital LLC now owns 416 shares of the social networking company’s stock valued at $275,000 after purchasing an additional 55 shares during the last quarter. Finally, Waterford Advisors LLC raised its position in Meta Platforms by 13.7% in the 4th quarter. Waterford Advisors LLC now owns 522 shares of the social networking company’s stock worth $345,000 after purchasing an additional 63 shares during the period. Institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

In other news, CTO Andrew Bosworth sold 7,847 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $607.83, for a total value of $4,769,642.01. Following the completion of the sale, the chief technology officer owned 414 shares of the company’s stock, valued at approximately $251,641.62. This represents a 94.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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, insider Curtis J. Mahoney sold 2,079 shares of Meta Platforms stock in a transaction that occurred on 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. The trade was a 65.03% 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 40,568 shares of company stock valued at $25,057,365 in the last 90 days. Insiders own 13.53% of the company’s stock.

Key Meta Platforms News

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

• Positive Sentiment: Meta is expanding its AI infrastructure by signing new computing deals with Crusoe, which should help support its long-term AI buildout and capacity needs. Reuters: Meta signs new AI computing deals with data center firm Crusoe
• Positive Sentiment: Meta continues to strengthen its AI-led growth narrative through data center expansion in India and new creator-focused AI tools on Facebook, both of which could improve engagement and future monetization. Insider Monkey: Meta rolls out new AI features on Facebook for content creators
• Positive Sentiment: Threads has reached 500 million monthly active users, and Meta is adding new community and feed features, reinforcing the company’s platform growth beyond Facebook and Instagram. Yahoo Finance: Meta reaches 500 million Threads users
• Neutral Sentiment: Meta’s COO Javier Olivan disclosed another pre-planned stock sale, which is notable but not necessarily a fundamental signal since it was executed under a 10b5-1 plan. InsiderTrades: Meta COO sells stock
• Neutral Sentiment: Meta’s dividend and long-term shareholder-return profile are supportive, but this is unlikely to be the main short-term stock driver. Finbold: Meta to pay dividends next week
• Negative Sentiment: Reuters reported that Meta is lobbying Congress for legal protection from child-harm lawsuits, keeping regulatory and litigation risk in focus for investors. Reuters: Meta lobbies Congress for protection from child-harm lawsuits
• Negative Sentiment: Concerns around AI execution also weighed on sentiment after Reuters said a key executive overseeing Meta’s “AI for work” transformation is leaving the company. Reuters: Meta head of product for AI for work transformation is leaving company
• Negative Sentiment: Meta was also hit by reports that attackers exploited its AI customer support chatbot to compromise Instagram accounts, raising trust and security concerns around its AI tools. Yahoo Finance: Meta faces AI support breach as key internal AI executive exits

Analyst Ratings Changes

Several brokerages have issued reports on META. BNP Paribas Exane began coverage on Meta Platforms in a research report on Tuesday, June 2nd. They set an “outperform” rating for the company. Guggenheim reduced their price target on Meta Platforms from $850.00 to $800.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Roth Mkm reissued a “buy” rating on shares of Meta Platforms in a research note on Thursday, April 30th. TD Cowen dropped their price objective on Meta Platforms from $820.00 to $800.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Finally, Piper Sandler assumed coverage on Meta Platforms in a research report on Tuesday, June 2nd. They issued an “overweight” rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $840.60.

Meta Platforms Trading Up 1.7%

META opened at $577.22 on Friday. The stock’s fifty day moving average is $621.98 and its two-hundred day moving average is $634.55. The company has a market capitalization of $1.46 trillion, a P/E ratio of 20.98, a PEG ratio of 1.01 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 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 analysts’ consensus estimates of $6.67 by $3.77. The business 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 business’s revenue was up 33.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.43 EPS. Analysts forecast that Meta Platforms, Inc. will post 29.35 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm 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 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 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.