WT Asset Management Ltd Sells 94,913 Shares of Meta Platforms, Inc. $META

WT Asset Management Ltd lowered its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 59.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,887 shares of the social networking company’s stock after selling 94,913 shares during the period. Meta Platforms comprises about 2.2% of WT Asset Management Ltd’s portfolio, making the stock its 15th biggest position. WT Asset Management Ltd’s holdings in Meta Platforms were worth $48,386,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of META. Westchester Capital Management Inc. bought a new stake in shares of Meta Platforms in the 3rd quarter valued at about $26,000. Bare Financial Services Inc acquired a new stake in Meta Platforms in the second quarter worth $30,000. Briaud Financial Planning Inc bought a new stake in Meta Platforms in the 2nd quarter valued at about $42,000. Knuff & Co LLC bought a new position in shares of Meta Platforms in the 2nd quarter worth $44,000. Finally, WFA Asset Management Corp raised its holdings in shares of Meta Platforms by 42.6% in the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock worth $49,000 after acquiring an additional 20 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Trending Headlines about Meta Platforms

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Major AI infrastructure deals — Meta expanded its multi‑year AI hardware partnerships (AMD GPUs commitment and a reported multibillion‑dollar arrangement to rent Google TPUs) that accelerate model training scale and support ad/AI revenue growth expectations. Meta-AMD AI deal boosts scale Google signs multibillion-dollar AI chip deal with Meta
• Positive Sentiment: Enforcement vs. ad scams — Meta filed lawsuits and took technical enforcement actions against advertisers accused of celebrity‑impersonation scams, a move aimed at protecting ad quality and user trust (positive for advertiser relationships and brand safety). Meta Platforms files lawsuits against scam advertisers
• Positive Sentiment: Short interest fell meaningfully in February, reducing near‑term bearish pressure and signaling less hedge‑fund pessimism about the shares.
• Neutral Sentiment: Investor access / visibility — CFO Susan Li will present at the Morgan Stanley TMT conference March 4, providing an opportunity for management to update on capex, AI cadence and monetization plans. Meta to Participate in the Morgan Stanley TMT Conference
• Neutral Sentiment: Talent turnover — OpenAI hired a high‑profile Meta AI researcher; talent movement in the AI space is noteworthy but common, and Meta’s broad AI hiring and partnerships partly offset concerns. OpenAI hires Meta AI researcher
• Negative Sentiment: EU legal pressure — An adviser to Europe’s top court backed regulators in a dispute over Meta’s antitrust information requests, increasing regulatory risk and potential compliance costs in the region. EU court adviser rejects Meta’s fight
• Negative Sentiment: Ongoing litigation and reputation risk — Testimony in a high‑profile California trial about social‑media harms and new Instagram parent‑alert policies keep regulatory/legal scrutiny and potential liabilities on investors’ radars. Woman suing Meta, YouTube expected to testify Instagram to alert parents of teen searches
• Negative Sentiment: Insider selling — Recent large share sales by senior executives (CFO and COO) may be read negatively by some investors even though insiders often sell for diversification or tax reasons. SEC filing: Susan J. Li sale

Meta Platforms Stock Performance

NASDAQ:META opened at $657.01 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.60 and a current ratio of 2.60. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The business has a 50 day moving average price of $656.04 and a 200-day moving average price of $686.79. The firm has a market cap of $1.66 trillion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 1.01 and a beta of 1.28.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, January 28th. The social networking company reported $8.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.16 by $0.72. The business had revenue of $59.89 billion for the quarter, compared to analyst estimates of $58.33 billion. Meta Platforms had a net margin of 30.08% and a return on equity of 38.61%. The company’s revenue was up 23.8% on a year-over-year basis. During the same quarter last year, the firm earned $8.02 EPS. Equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Monday, March 16th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, March 16th. Meta Platforms’s dividend payout ratio is currently 8.94%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Benchmark downgraded Meta Platforms from a “buy” rating to a “hold” rating in a research note on Thursday, October 30th. Piper Sandler upped their price target on shares of Meta Platforms from $840.00 to $880.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Robert W. Baird lifted their target price on Meta Platforms from $815.00 to $830.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Monness Crespi & Hardt boosted their target price on Meta Platforms from $808.00 to $890.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, Rosenblatt Securities increased their price target on shares of Meta Platforms from $1,117.00 to $1,144.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $844.44.

Insiders Place Their Bets

In related news, CFO Susan J. Li sold 55,702 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $633.61, for a total transaction of $35,293,344.22. Following the transaction, the chief financial officer owned 13,186 shares in the company, valued at $8,354,781.46. The trade was a 80.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Andrew Bosworth sold 8,089 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $631.24, for a total transaction of $5,106,100.36. Following the completion of the sale, the chief technology officer owned 2,841 shares of the company’s stock, valued at $1,793,352.84. This trade represents a 74.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 103,837 shares of company stock worth $66,356,760. Insiders own 13.61% of the company’s stock.

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.