Genus Capital Management Inc. Has $356,000 Stock Position in Meta Platforms, Inc. $META

Genus Capital Management Inc. lowered its position in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 94.1% in the fourth quarter, HoldingsChannel reports. The fund owned 540 shares of the social networking company’s stock after selling 8,611 shares during the period. Genus Capital Management Inc.’s holdings in Meta Platforms were worth $356,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of META. Vanguard Group Inc. boosted its position in Meta Platforms by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock worth $132,015,115,000 after acquiring an additional 7,269,279 shares during the last quarter. State Street Corp boosted its position in Meta Platforms by 1.9% during the 2nd quarter. State Street Corp now owns 86,925,674 shares of the social networking company’s stock worth $64,158,971,000 after acquiring an additional 1,650,435 shares during the last quarter. Danske Bank A S acquired a new position in Meta Platforms during the 3rd quarter worth approximately $1,191,175,000. PFA Pension Forsikringsaktieselskab acquired a new position in Meta Platforms during the 4th quarter worth approximately $813,994,000. Finally, Concentrum Wealth Management boosted its position in Meta Platforms by 948.7% during the 3rd quarter. Concentrum Wealth Management now owns 1,243,577 shares of the social networking company’s stock worth $913,000 after acquiring an additional 1,124,998 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Down 0.5%

META opened at $597.63 on Wednesday. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $796.25. The stock’s fifty day simple moving average is $617.71 and its 200 day simple moving average is $636.73. 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 cap of $1.51 trillion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 1.06 and a beta of 1.23.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, beating analysts’ consensus estimates of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The business had revenue of $56.31 billion for the quarter, compared to analysts’ expectations of $55.56 billion. During the same quarter in the prior year, the business earned $6.43 EPS. The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. As a group, research analysts expect that Meta Platforms, Inc. will post 29.35 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently declared 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 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%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on META shares. Sanford C. Bernstein reduced their price target on Meta Platforms from $900.00 to $850.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Erste Group Bank cut Meta Platforms from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Benchmark initiated coverage on Meta Platforms in a research note on Tuesday. They set a “buy” rating on the stock. Raymond James Financial upgraded Meta Platforms from an “underperform” rating to an “outperform” rating in a research note on Tuesday. Finally, Piper Sandler initiated coverage on Meta Platforms in a research note on Tuesday. They set an “overweight” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $840.60.

View Our Latest Analysis on Meta Platforms

Trending Headlines about Meta Platforms

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

  • Positive Sentiment: Wall Street sentiment remains constructive, with analysts including RBC reiterating an outperform view and setting a higher price target, suggesting investors still see meaningful upside in Meta’s core ad and AI businesses.
  • Positive Sentiment: A new study ranked Meta among the top S&P 500 companies adopting AI, reinforcing the market’s view that AI remains a key long-term growth driver for the company.
  • Positive Sentiment: Meta also announced broader teen-safety controls and new Instagram features aimed at safer, more age-appropriate feeds, which may help ease concerns around user safety and regulation.
  • Neutral Sentiment: Several articles highlighted Meta as a long-term growth or value stock, reflecting continued investor interest but not a clear near-term catalyst.
  • Negative Sentiment: Meta is dialing back its plan to collect employee mouse movements, clicks, and keystrokes for AI training after staff pushback, underscoring internal resistance to how aggressively the company is pursuing AI data collection. Exclusive: Meta scales back AI mouse clicks tool, citing employee concerns
  • Negative Sentiment: Hackers reportedly tricked Meta’s AI chatbot into helping them access Instagram accounts, raising fresh concerns about product security and trust in Meta’s AI systems. They tricked Meta’s chatbot to hack into Instagram accounts. It’s a warning about how much we trust AI.
  • Negative Sentiment: Meta continues to face regulatory and legal pressure over scam ads and child-safety issues, including coordinated European complaints and a proposed group legal action in the UK, which could add compliance costs and reputational risk.

Insiders Place Their Bets

In other Meta Platforms news, CTO Andrew Bosworth sold 7,847 shares of the 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 transaction, the chief technology officer owned 414 shares in the company, valued at $251,641.62. This trade represents a 94.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 the stock in a transaction on Wednesday, May 27th. The stock was 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 $681,890.56. The trade was a 65.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 40,890 shares of company stock worth $25,315,558 in the last quarter. Insiders own 13.53% of the company’s stock.

Meta Platforms Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:METAFree Report).

Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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