Texas Yale Capital Corp. Purchases 1,468 Shares of Meta Platforms, Inc. $META

Texas Yale Capital Corp. raised its stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 98.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,959 shares of the social networking company’s stock after buying an additional 1,468 shares during the quarter. Texas Yale Capital Corp.’s holdings in Meta Platforms were worth $1,953,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Westchester Capital Management Inc. bought a new position in Meta Platforms in the third quarter valued at approximately $26,000. RHL Group LLC bought a new position in Meta Platforms in the fourth quarter valued at approximately $28,000. Strategic Wealth Advisors LLC bought a new position in Meta Platforms in the fourth quarter valued at approximately $29,000. Key Capital Management INC bought a new position in Meta Platforms in the fourth quarter valued at approximately $48,000. Finally, Entrust Financial LLC bought a new position in Meta Platforms in the fourth quarter valued at approximately $48,000. Institutional investors own 79.91% of the company’s stock.

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Insider Activity

In other Meta Platforms news, CTO Andrew Bosworth sold 7,847 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the sale, the chief technology officer directly owned 414 shares of the company’s stock, valued at approximately $251,641.62. This represents a 94.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through 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, COO Javier Olivan sold 837 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $629.29, for a total transaction of $526,715.73. Following the sale, the chief operating officer directly owned 12,986 shares in the company, valued at $8,171,959.94. This trade represents a 6.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 41,305 shares of company stock valued at $25,567,928. 13.53% of the stock is owned by corporate insiders.

Analyst Ratings Changes

META has been the topic of a number of research reports. Wedbush raised shares of Meta Platforms from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 2nd. Erste Group Bank lowered shares of Meta Platforms from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Stifel Nicolaus cut their price target on shares of Meta Platforms from $805.00 to $780.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Arete Research set a $735.00 price target on shares of Meta Platforms and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $725.00 price objective (down from $825.00) on shares of Meta Platforms in a research report on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $840.60.

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Key Meta Platforms News

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

• 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

Meta Platforms Stock Performance

NASDAQ META opened at $585.39 on Tuesday. 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 firm’s fifty day moving average price is $619.59 and its two-hundred day moving average price is $636.72. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25. The firm has a market capitalization of $1.48 trillion, a P/E 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 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 for the quarter, compared to analyst estimates of $55.56 billion. During the same period in the prior year, the firm posted $6.43 earnings per share. The company’s quarterly revenue was up 33.1% compared to the same quarter last year. As a group, research analysts anticipate that Meta Platforms, Inc. will post 29.35 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently declared 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 of this dividend is Monday, June 15th. Meta Platforms’s dividend payout ratio is 7.63%.

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.

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