Fortis Group Advisors LLC boosted its stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 13.1% in the fourth quarter, HoldingsChannel reports. The firm owned 6,860 shares of the social networking company’s stock after buying an additional 792 shares during the period. Meta Platforms makes up about 0.8% of Fortis Group Advisors LLC’s portfolio, making the stock its 24th largest position. Fortis Group Advisors LLC’s holdings in Meta Platforms were worth $4,908,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Westchester Capital Management Inc. acquired a new stake in Meta Platforms in the third quarter worth $26,000. Strategic Wealth Advisors LLC acquired a new stake in Meta Platforms in the fourth quarter worth $29,000. Key Capital Management INC acquired a new stake in Meta Platforms in the fourth quarter worth $48,000. Entrust Financial LLC acquired a new stake in Meta Platforms in the fourth quarter worth $48,000. Finally, Fairway Wealth LLC grew its holdings in Meta Platforms by 36.8% in the fourth quarter. Fairway Wealth LLC now owns 78 shares of the social networking company’s stock worth $51,000 after purchasing an additional 21 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, CFO Susan J. Li sold 9,195 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 13,186 shares in the company, valued at approximately $8,014,978.24. The trade was a 41.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 business’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $629.45, for a total transaction of $1,748,612.10. Following the transaction, the chief operating officer owned 10,557 shares in the company, valued at approximately $6,645,103.65. This trade represents a 20.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 42,445 shares of company stock valued at $26,306,420 in the last three months. 13.53% of the stock is owned by company insiders.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on META
Meta Platforms News Roundup
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Meta launched paid subscription plans across its flagship apps and Meta AI, opening a new monetization path that could reduce reliance on ad revenue. Mark Zuckerberg says a Meta cloud computing business ‘definitely on the table’
- Positive Sentiment: Analysts and market commentators are pointing to the subscription push as a meaningful upside driver, with some estimating it could add billions in annual revenue if adoption is strong. Meta’s Subscription Push Could Add $13.5 Billion By 2028 Across Instagram, Facebook, WhatsApp
- Neutral Sentiment: Meta also said it may eventually use excess AI/data-center capacity for a cloud business, which adds long-term optionality but is still early-stage. Mark Zuckerberg says a Meta cloud computing business ‘definitely on the table’
- Neutral Sentiment: The company declared a quarterly dividend, which is modest but reinforces capital-return strength. Meta Announces Quarterly Cash Dividend
- Negative Sentiment: Reuters reported Meta’s employee mouse-click tracking tool for AI training may run into EU privacy concerns, creating regulatory risk around data collection and cross-border use. Exclusive: Meta tool to track employee mouse clicks on collision course with EU privacy rules
- Negative Sentiment: Recent commentary from Jim Cramer and disclosures of insider selling add some caution around execution and valuation. Jim Cramer Says Meta “Has Not Excelled in a Visible Way”
Meta Platforms Stock Down 0.4%
Shares of NASDAQ META opened at $632.51 on Friday. The stock has a market capitalization of $1.60 trillion, a P/E ratio of 22.99, a P/E/G ratio of 1.12 and a beta of 1.25. The company has a 50-day moving average price of $617.84 and a 200-day moving average price of $636.88. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25. 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 (NASDAQ:META – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $55.56 billion. During the same period last year, the company earned $6.43 earnings per share. The business’s revenue was up 33.1% on a year-over-year basis. On average, equities research analysts forecast that Meta Platforms, Inc. will post 29.35 EPS for the current fiscal 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 issued a dividend of $0.525 per share. The ex-dividend date is Monday, June 15th. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s payout ratio is 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.
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