Rathbones Group PLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 8.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 696,555 shares of the social networking company’s stock after purchasing an additional 52,364 shares during the quarter. Meta Platforms comprises 1.8% of Rathbones Group PLC’s holdings, making the stock its 11th biggest position. Rathbones Group PLC’s holdings in Meta Platforms were worth $459,789,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Westchester Capital Management Inc. acquired a new stake in Meta Platforms during the third quarter worth about $26,000. Strategic Wealth Advisors LLC acquired a new stake in Meta Platforms during the fourth quarter worth about $29,000. Key Capital Management INC acquired a new stake in Meta Platforms during the fourth quarter worth about $48,000. Entrust Financial LLC bought a new position in Meta Platforms during the fourth quarter worth about $48,000. Finally, Fairway Wealth LLC lifted its stake in Meta Platforms by 36.8% during the fourth quarter. Fairway Wealth LLC now owns 78 shares of the social networking company’s stock worth $51,000 after purchasing an additional 21 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.
Meta Platforms Stock Performance
NASDAQ:META opened at $632.51 on Friday. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25. The firm has a 50 day moving average of $617.84 and a 200-day moving average of $636.88. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $1.60 trillion, a P/E ratio of 22.99, a price-to-earnings-growth ratio of 1.13 and a beta of 1.25.
Meta Platforms Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors 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 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is currently 7.63%.
Wall Street Analysts Forecast Growth
META has been the subject of a number of analyst reports. Erste Group Bank cut shares of Meta Platforms from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Barclays raised their price target on shares of Meta Platforms from $800.00 to $830.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Mizuho cut their price target 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. Rosenblatt Securities restated a “buy” rating and set a $1,015.00 price target on shares of Meta Platforms in a research note on Thursday. Finally, KeyCorp restated an “overweight” rating and set a $760.00 price target on shares of Meta Platforms in a research note on Thursday, April 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $840.19.
Get Our Latest Stock Report on META
Key Stories Impacting Meta Platforms
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”
Insider Activity at Meta Platforms
In related news, COO Javier Olivan sold 837 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $608.98, for a total value of $509,716.26. Following the completion of the sale, the chief operating officer owned 13,823 shares of the company’s stock, valued at $8,417,930.54. This trade represents a 5.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan J. Li sold 9,195 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $607.84, for a total transaction of $5,589,088.80. Following the completion of the sale, the chief financial officer directly owned 13,186 shares of the company’s stock, valued at approximately $8,014,978.24. This represents a 41.08% decrease in their position. 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. In the last ninety days, insiders sold 42,445 shares of company stock worth $26,306,420. 13.53% of the stock is currently owned by company insiders.
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.
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