Railway Pension Investments Ltd boosted its position in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 32.8% during the fourth quarter, Holdings Channel reports. The fund owned 341,820 shares of the social networking company’s stock after acquiring an additional 84,500 shares during the period. Meta Platforms comprises 2.7% of Railway Pension Investments Ltd’s holdings, making the stock its 7th biggest holding. Railway Pension Investments Ltd’s holdings in Meta Platforms were worth $225,632,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the company. Founders Financial Securities LLC grew its stake in shares of Meta Platforms by 8.6% during the fourth quarter. Founders Financial Securities LLC now owns 11,975 shares of the social networking company’s stock valued at $7,905,000 after buying an additional 953 shares during the last quarter. Thames Capital Management LLC grew its stake in shares of Meta Platforms by 23.0% during the fourth quarter. Thames Capital Management LLC now owns 33,767 shares of the social networking company’s stock valued at $22,289,000 after buying an additional 6,305 shares during the last quarter. Core Wealth Advisors LLC bought a new position in shares of Meta Platforms during the fourth quarter valued at about $684,000. Bearing Point Capital LLC grew its stake in shares of Meta Platforms by 14.3% during the fourth quarter. Bearing Point Capital LLC now owns 711 shares of the social networking company’s stock valued at $469,000 after buying an additional 89 shares during the last quarter. Finally, Texas Yale Capital Corp. grew its stake in shares of Meta Platforms by 98.5% during the fourth quarter. Texas Yale Capital Corp. now owns 2,959 shares of the social networking company’s stock valued at $1,953,000 after buying an additional 1,468 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.
Insider Buying and Selling at Meta Platforms
In other Meta Platforms news, 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 transaction, the chief financial officer owned 13,186 shares of the company’s stock, valued at approximately $8,014,978.24. This trade represents a 41.08% decrease in their ownership of the stock. 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, COO Javier Olivan sold 2,778 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $629.45, for a total transaction of $1,748,612.10. Following the transaction, the chief operating officer directly owned 10,557 shares of the company’s stock, valued at $6,645,103.65. This represents a 20.83% 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. Insiders sold a total of 41,305 shares of company stock worth $25,567,928 over the last three months. Company insiders own 13.53% of the company’s stock.
More Meta Platforms News
- Positive Sentiment: Meta announced a partnership with Associated Builders and Contractors to launch a $115 million workforce academy that will train construction technicians for its data center projects, helping address labor shortages and supporting its AI infrastructure expansion. Article Title
- Positive Sentiment: Italy’s competition regulator dropped its investigation into Meta’s WhatsApp AI bot, removing a legal overhang tied to how the company integrates AI into WhatsApp. Article Title
- Positive Sentiment: Meta also partnered with Best Buy to create “Meta Lab” experiential spaces where shoppers can test VR headsets and AI glasses, which could help boost hardware awareness and adoption. Article Title
Analyst Ratings Changes
A number of brokerages have recently issued reports on META. Piper Sandler began coverage on Meta Platforms in a research note on Tuesday, June 2nd. They set an “overweight” rating on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $1,015.00 price objective on shares of Meta Platforms in a research note on Thursday, May 28th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $725.00 price objective (down from $825.00) on shares of Meta Platforms in a research note on Thursday, April 30th. Wells Fargo & Company reduced their price objective on Meta Platforms from $770.00 to $765.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Finally, Stifel Nicolaus dropped their target price on shares of Meta Platforms from $805.00 to $780.00 and set a “buy” rating for the company in a report on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $840.60.
Read Our Latest Report on Meta Platforms
Meta Platforms Stock Performance
Shares of META opened at $585.39 on Tuesday. 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, Inc. has a one year low of $520.26 and a one year high of $796.25. The company has a 50-day simple moving average of $619.59 and a two-hundred day simple moving average of $636.72. The firm has a market capitalization of $1.48 trillion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 1.05 and a beta of 1.23.
Meta Platforms (NASDAQ:META – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 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 business had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. During the same period last year, the business posted $6.43 earnings per share. Meta Platforms’s quarterly revenue was up 33.1% compared to the same quarter last year. On average, analysts anticipate that Meta Platforms, Inc. will post 29.35 EPS for the current fiscal 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 paid a dividend of $0.525 per share. 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 0.4%. Meta Platforms’s dividend payout ratio (DPR) is currently 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.
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