UniSuper Management Pty Ltd raised its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 9.7% during the 4th quarter, Holdings Channel reports. The firm owned 589,319 shares of the social networking company’s stock after buying an additional 51,943 shares during the quarter. Meta Platforms comprises 2.3% of UniSuper Management Pty Ltd’s portfolio, making the stock its 9th largest holding. UniSuper Management Pty Ltd’s holdings in Meta Platforms were worth $389,004,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. IFM Investors Pty Ltd lifted its holdings in shares of Meta Platforms by 0.7% in the 4th quarter. IFM Investors Pty Ltd now owns 421,916 shares of the social networking company’s stock valued at $278,503,000 after buying an additional 2,969 shares during the period. Coastwise Capital Group LLC lifted its holdings in shares of Meta Platforms by 7.0% in the 4th quarter. Coastwise Capital Group LLC now owns 3,862 shares of the social networking company’s stock valued at $2,549,000 after buying an additional 251 shares during the period. Wescott Financial Advisory Group LLC lifted its holdings in shares of Meta Platforms by 11.6% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 3,532 shares of the social networking company’s stock valued at $2,331,000 after buying an additional 366 shares during the period. SAM Advisors LLC lifted its holdings in shares of Meta Platforms by 2.4% in the 4th quarter. SAM Advisors LLC now owns 717 shares of the social networking company’s stock valued at $474,000 after buying an additional 17 shares during the period. Finally, Mattson Financial Services LLC lifted its holdings in shares of Meta Platforms by 6.5% in the 4th quarter. Mattson Financial Services LLC now owns 13,428 shares of the social networking company’s stock valued at $8,864,000 after buying an additional 819 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.
Meta Platforms Price Performance
NASDAQ:META opened at $568.43 on Friday. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25. The stock has a 50 day moving average of $621.39 and a two-hundred day moving average of $636.37. 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 has a market cap of $1.44 trillion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 1.01 and a beta of 1.23.
Meta Platforms Announces Dividend
The business 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 $0.525 dividend. The ex-dividend date 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 is 7.63%.
Key Meta Platforms News
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
Insiders Place Their Bets
In other news, COO Javier Olivan sold 837 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $629.29, for a total value of $526,715.73. Following the completion of the sale, the chief operating officer directly owned 12,986 shares in the company, valued at $8,171,959.94. This represents a 6.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis J. Mahoney sold 2,079 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total value of $1,268,023.68. Following the completion of the sale, the insider owned 1,118 shares of the company’s stock, valued at $681,890.56. This trade represents a 65.03% 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. Over the last ninety days, insiders sold 41,305 shares of company stock valued at $25,567,928. Insiders own 13.53% of the company’s stock.
Analyst Upgrades and Downgrades
META has been the subject of several analyst reports. Wolfe Research decreased their price objective on Meta Platforms from $850.00 to $800.00 and set an “outperform” rating for the company in a report on Friday, April 10th. Truist Financial decreased their price objective on Meta Platforms from $900.00 to $840.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Raymond James Financial raised Meta Platforms from an “underperform” rating to an “outperform” rating in a report on Tuesday, June 2nd. Wedbush raised Meta Platforms from an “outperform” rating to a “neutral” rating in a report on Tuesday, June 2nd. Finally, Roth Mkm reissued a “buy” rating on shares of Meta Platforms in a 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 issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and an average price target of $840.60.
View Our Latest Analysis on Meta Platforms
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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