Spectrum Financial Alliance Ltd LLC acquired a new position in Meta Platforms, Inc. (NASDAQ:META – Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 25,271 shares of the social networking company’s stock, valued at approximately $14,458,000. Meta Platforms accounts for approximately 2.8% of Spectrum Financial Alliance Ltd LLC’s portfolio, making the stock its 9th biggest position.
Other institutional investors and hedge funds have also modified their holdings of the company. Avid Wealth Partners LLC raised its position in Meta Platforms by 24.9% in the first quarter. Avid Wealth Partners LLC now owns 1,109 shares of the social networking company’s stock worth $634,000 after purchasing an additional 221 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Meta Platforms by 4.6% during the first quarter. Sequoia Financial Advisors LLC now owns 263,851 shares of the social networking company’s stock valued at $150,957,000 after purchasing an additional 11,517 shares in the last quarter. Summa Corp. grew its stake in shares of Meta Platforms by 10.0% in the 1st quarter. Summa Corp. now owns 972 shares of the social networking company’s stock valued at $556,000 after purchasing an additional 88 shares during the period. AlpenGlobal Capital LLC acquired a new position in shares of Meta Platforms in the 1st quarter worth approximately $4,292,000. Finally, Arbor Capital Management Inc. ADV lifted its position in shares of Meta Platforms by 12.3% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 2,669 shares of the social networking company’s stock worth $1,670,000 after buying an additional 292 shares during the period. 79.91% of the stock is currently owned by institutional investors.
Meta Platforms Stock Performance
Shares of NASDAQ:META opened at $664.54 on Friday. The business has a fifty day moving average of $602.45 and a 200-day moving average of $626.87. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $796.25. The firm has a market cap of $1.68 trillion, a PE ratio of 24.16, a price-to-earnings-growth ratio of 1.20 and a beta of 1.25.
Meta Platforms Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, June 15th. Meta Platforms’s dividend payout ratio (DPR) is presently 7.63%.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Piper Sandler initiated coverage on Meta Platforms in a research note on Tuesday, June 2nd. They issued an “overweight” rating on the stock. Wedbush began coverage on Meta Platforms in a report on Thursday. They set a “neutral” rating and a $671.00 price objective for the company. TD Cowen reduced their target price on shares of Meta Platforms from $820.00 to $800.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Wolfe Research cut their price target on shares of Meta Platforms from $850.00 to $800.00 and set an “outperform” rating for the company in a report on Friday, April 10th. Finally, Roth Capital restated a “buy” rating 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-six have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $830.45.
Read Our Latest Research Report on META
Key Stories Impacting Meta Platforms
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Analysts and market commentary continue to frame Meta as a major AI winner, with reports citing significant upside potential and strong hedge fund support. Muse Image: Can Meta Platforms Inc (META) Kill Two Birds With One Stone?
- Positive Sentiment: Meta is still drawing bullish attention for its heavy AI infrastructure spending, including plans for large-scale data center investment and in-house chip development, which investors view as evidence of an aggressive AI strategy. How Meta Platforms (META) Is Strengthening Its AI Infrastructure With Custom Chips and Massive Computing Expansion
- Positive Sentiment: Meta also received a fresh analyst update from Wedbush with a neutral rating and a $671 price target, implying modest upside from current levels. Benzinga coverage of Wedbush rating
- Neutral Sentiment: Coverage around Meta’s AI chatbot safety changes and oversight-board findings adds to the company’s public-policy and product discussion, but these items are not clearly major financial catalysts. Meta now alerts parents if their teen discussed suicide or self-harm with its AI chatbot Meta Oversight Board finds top AI models less likely to criticize repressive regimes
- Negative Sentiment: Meta is facing a lawsuit from former employees alleging AI-driven layoffs disproportionately affected workers on protected leave, which could create legal and reputational risk. Meta employees sue over alleged AI-driven layoffs targeting workers on leave
- Negative Sentiment: Some broader commentary points to insider selling and concerns about the size of Meta’s capital spending, which could weigh on sentiment if investors worry about returns on its AI investments. Meta Vs. Microsoft: Insider Selling Shows Meta’s 1.4 Trillion Existential Crisis Worse Than Microsoft’s Legal Woes Meta Is Betting $50 Billion on AI Data Centers. Where Does The Stock Go From Here?
Insider Activity
In related news, COO Javier Olivan sold 3,348 shares of Meta Platforms stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $600.97, for a total value of $2,012,047.56. Following the completion of the sale, the chief operating officer directly owned 9,498 shares in the company, valued at $5,708,013.06. This trade represents a 26.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis J. Mahoney sold 2,079 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total value of $1,268,023.68. Following the sale, the insider directly owned 1,118 shares of the company’s stock, valued at $681,890.56. This represents a 65.03% 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. In the last ninety days, insiders sold 39,503 shares of company stock valued at $24,241,859. Company insiders own 13.53% of the company’s stock.
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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