IFM Investors Pty Ltd grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 421,916 shares of the social networking company’s stock after buying an additional 2,969 shares during the period. Meta Platforms accounts for approximately 2.3% of IFM Investors Pty Ltd’s holdings, making the stock its 8th biggest position. IFM Investors Pty Ltd’s holdings in Meta Platforms were worth $278,503,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of META. Norges Bank bought a new stake in shares of Meta Platforms during the 4th quarter valued at $22,152,075,000. Vanguard Group Inc. boosted its stake in Meta Platforms by 3.8% in 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 purchasing an additional 7,269,279 shares in the last quarter. State Street Corp boosted its stake in Meta Platforms by 1.9% in 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 purchasing an additional 1,650,435 shares in the last quarter. Danske Bank A S bought a new position in Meta Platforms in the 3rd quarter worth about $1,191,175,000. Finally, Bank of New York Mellon Corp boosted its stake in Meta Platforms by 9.2% in the 4th quarter. Bank of New York Mellon Corp now owns 14,874,837 shares of the social networking company’s stock worth $9,818,731,000 after purchasing an additional 1,255,496 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.
Meta Platforms News Roundup
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Meta announced a partnership with Reliance Industries to build its first AI-enabled data center in India, a 168-megawatt facility that could support its global AI infrastructure push and long-term capacity needs. Mark Zuckerberg Teams Up With India’s Richest Man To Build Meta’s Next AI Powerhouse
- Positive Sentiment: Analysts continue to point to upside from Meta’s AI and subscription initiatives, including commentary that the company may be building a sizable new recurring revenue stream to help offset infrastructure costs. Meta is building a new $20B business, Truist says
- Positive Sentiment: Several reports and analyst notes highlighted Meta as an attractive long-term AI and compounder stock, reinforcing bullish sentiment despite recent volatility. 5 Best Compounder Stocks to Buy Now
- Neutral Sentiment: Meta is drawing attention for hiring, workforce reallocation, and training efforts tied to the AI data-center boom, which may help execution but does not change near-term earnings directly. The workers Meta and Google desperately need aren’t in Silicon Valley
- Neutral Sentiment: Wall Street remains split on Meta’s AI capital spending cycle, with some analysts lifting estimates while others warn investors are waiting for proof that higher capex will generate returns. Meta navigates AI investment cycle as Street weighs costs against returns
- Neutral Sentiment: Meta also received a modest earnings estimate bump from Erste Group, suggesting analysts see continued earnings strength, though the rating remained Hold. Meta Platforms stock research summary
- Negative Sentiment: Investor concern is growing that Meta’s aggressive AI spending could pressure margins and free cash flow before monetization fully catches up, which is weighing on sentiment. Are investors growing concerned about Meta’s AI spend?
- Negative Sentiment: Meta lost a bid for a new trial in its youth social-media addiction case, keeping legal overhangs alive for the stock. Google and Meta denied new trial in youth social media addiction case
- Negative Sentiment: A report also said hackers breached thousands of Instagram accounts through an AI-related bug, adding another security and product-trust issue for Meta. Hackers Breach 20K Instagram Accounts Due to AI Bug
Analysts Set New Price Targets
View Our Latest Research Report on META
Insider Activity
In other news, Director Robert M. Kimmitt sold 504 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $629.29, for a total transaction of $317,162.16. Following the completion of the sale, the director owned 3,943 shares of the company’s stock, valued at $2,481,290.47. This represents a 11.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,847 shares of the stock in a transaction that occurred 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 completion of the sale, the chief technology officer directly owned 414 shares of the company’s stock, valued at $251,641.62. This represents a 94.99% decrease in their ownership of the stock. 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. Over the last ninety days, insiders have sold 41,305 shares of company stock worth $25,567,928. Company insiders own 13.53% of the company’s stock.
Meta Platforms Price Performance
NASDAQ META opened at $568.43 on Friday. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25. The firm has a market capitalization of $1.44 trillion, a P/E ratio of 20.66, a PEG ratio of 1.01 and a beta of 1.23. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $621.39 and a 200-day moving average price of $636.37.
Meta Platforms (NASDAQ:META – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $55.56 billion. During the same quarter in the prior year, the firm earned $6.43 EPS. The business’s revenue for the quarter was up 33.1% compared to the same quarter last year. Equities research analysts anticipate that Meta Platforms, Inc. will post 29.35 earnings per share for the current year.
Meta Platforms Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 15th will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.10 annualized dividend and a dividend yield of 0.4%. Meta Platforms’s dividend payout ratio is presently 7.63%.
About Meta Platforms
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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