Temasek Holdings Private Ltd boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 71.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 366,511 shares of the social networking company’s stock after purchasing an additional 152,442 shares during the period. Meta Platforms accounts for approximately 0.8% of Temasek Holdings Private Ltd’s portfolio, making the stock its 25th biggest position. Temasek Holdings Private Ltd’s holdings in Meta Platforms were worth $241,930,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the company. First National Bank Sioux Falls boosted its position in Meta Platforms by 0.7% during the fourth quarter. First National Bank Sioux Falls now owns 2,001 shares of the social networking company’s stock valued at $1,321,000 after purchasing an additional 14 shares during the last quarter. Levin Capital Strategies L.P. lifted its position in shares of Meta Platforms by 1.4% in the fourth quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company’s stock worth $649,000 after buying an additional 14 shares during the last quarter. Vista Capital Partners Inc. lifted its position in shares of Meta Platforms by 1.3% in the second quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company’s stock worth $794,000 after buying an additional 14 shares during the last quarter. Arcataur Capital Management LLC lifted its position in shares of Meta Platforms by 0.9% in the fourth quarter. Arcataur Capital Management LLC now owns 1,736 shares of the social networking company’s stock worth $1,146,000 after buying an additional 15 shares during the last quarter. Finally, Acorn Creek Capital LLC lifted its position in shares of Meta Platforms by 0.7% in the fourth quarter. Acorn Creek Capital LLC now owns 2,118 shares of the social networking company’s stock worth $1,398,000 after buying an additional 15 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.
Insider Transactions at Meta Platforms
In related news, CFO Susan J. Li sold 9,195 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $607.84, for a total transaction of $5,589,088.80. Following the transaction, the chief financial officer directly owned 13,186 shares in the company, valued at $8,014,978.24. The trade was a 41.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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, CTO Andrew Bosworth sold 7,847 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $607.83, for a total value of $4,769,642.01. Following the transaction, the chief technology officer owned 414 shares in the company, 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 three months, insiders have sold 39,170 shares of company stock valued at $24,218,565. 13.53% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on META
Meta Platforms News Summary
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Meta launched AI-powered search on Facebook and new creative tools, which analysts say could expand engagement and create a new revenue stream. Meta introduces AI search and creative tools, Bank of America flags emerging monetization opportunity
- Positive Sentiment: Threads hit 500 million monthly active users, and Meta is rolling out new features to strengthen the app’s role inside its broader social network portfolio. Meta’s Threads reaches 500 million monthly users, rolls out new features
- Positive Sentiment: Bank of America reiterated a Buy rating, citing Meta’s AI strategy as a key growth catalyst, which adds to investor confidence. BofA Reiterates Buy Rating on Meta Platforms (META) Cites AI Strategy a Key Growth Catalyst
- Neutral Sentiment: Meta will pay its next quarterly dividend on June 25, continuing its shareholder-return program, which is supportive but not a major near-term catalyst. Meta to pay dividends next week; Here’s how much 100 META shares will earn
- Negative Sentiment: Meta continues to face legal and reputational pressure related to youth safety and harmful content, which can weigh on sentiment even when the underlying business is improving. Italian mother takes on Meta, TikTok after daughter’s death
- Negative Sentiment: Apple is moving deeper into AI-enabled wearables, creating a potential competitive threat to Meta’s AI glasses and broader consumer-device ambitions. Apple to launch AI-juiced AirPods and sunglasses, going head-to-head with Meta
Meta Platforms Trading Up 1.1%
Meta Platforms stock opened at $600.21 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. The business’s 50-day simple moving average is $622.04 and its 200-day simple moving average is $635.51. The firm has a market capitalization of $1.52 trillion, a PE ratio of 21.82, a PEG ratio of 1.05 and a beta of 1.23. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25.
Meta Platforms (NASDAQ:META – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, topping analysts’ consensus estimates of $6.67 by $3.77. The business had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same period in the previous year, the company posted $6.43 earnings per share. Equities research analysts forecast that Meta Platforms, Inc. will post 29.35 earnings per share for the current year.
Meta Platforms Dividend Announcement
The company 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 dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, June 15th. Meta Platforms’s payout ratio is currently 7.63%.
Meta Platforms Company 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.
Read More
- Five stocks we like better than Meta Platforms
- Could a Tesla-SpaceX Merger Be Closer Than Investors Think?
- Gravity Check: Houston, SpaceX Has a Valuation Problem
- Strategy’s Bitcoin Rally Has a Hidden Engine
- Okta’s AI Moment May Be Bigger Than Investors Realize
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:META – Free Report).
Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.
