Asset One Wealth Management LLC Makes New $7.73 Million Investment in Meta Platforms, Inc. $META

Asset One Wealth Management LLC purchased a new position in Meta Platforms, Inc. (NASDAQ:META) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,937 shares of the social networking company’s stock, valued at approximately $7,726,000. Meta Platforms accounts for about 1.1% of Asset One Wealth Management LLC’s investment portfolio, making the stock its 19th largest position.

Other large investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Meta Platforms during the fourth quarter valued at approximately $22,152,075,000. Vanguard Group Inc. increased its stake in shares of Meta Platforms by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock valued at $132,015,115,000 after buying an additional 7,269,279 shares during the period. State Street Corp increased its stake in shares of Meta Platforms by 5.1% during the fourth quarter. State Street Corp now owns 90,841,345 shares of the social networking company’s stock valued at $59,963,463,000 after buying an additional 4,395,763 shares during the period. Amundi increased its stake in shares of Meta Platforms by 56.2% during the fourth quarter. Amundi now owns 10,043,955 shares of the social networking company’s stock valued at $6,629,913,000 after buying an additional 3,613,211 shares during the period. Finally, Danske Bank A S purchased a new position in shares of Meta Platforms during the third quarter valued at approximately $1,191,175,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Meta Platforms news, Director Robert M. Kimmitt sold 504 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $629.29, for a total value of $317,162.16. Following the sale, the director directly owned 3,943 shares of the company’s stock, valued at approximately $2,481,290.47. The trade was a 11.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 business’s stock in a transaction on 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 completion of the sale, the insider directly owned 1,118 shares in the company, valued at $681,890.56. This trade represents a 65.03% 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. Over the last three months, insiders have sold 40,568 shares of company stock valued at $25,057,365. 13.53% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Meta Platforms

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

• Positive Sentiment: Meta said Threads has reached 500 million monthly active users, while new community features and feed controls could improve engagement and strengthen the long-term value of its social platform. Reuters: Meta’s Threads reaches 500 million monthly users, rolls out new features
• Positive Sentiment: Meta rolled out AI search and creative tools across Facebook, which analysts say could open a new monetization opportunity and support future ad growth. Proactive Investors: Meta introduces AI search and creative tools, Bank of America flags emerging monetization opportunity
• Positive Sentiment: Bank of America reiterated a Buy view on Meta, citing AI strategy as a key growth catalyst, which may help support investor confidence in the company’s long-term earnings potential. Insider Monkey: BofA reiterates Buy rating on Meta Platforms
• Neutral Sentiment: Meta is expected to pay its next quarterly dividend next week, a routine shareholder return that is supportive but unlikely to be a major near-term stock driver. Finbold: Meta to pay dividends next week
• Negative Sentiment: Reuters reported that a Meta executive overseeing part of the company’s AI-for-work restructuring is leaving, adding to concerns about execution during a major AI transition. Reuters: Meta head of product for ‘AI for work’ transformation is leaving company
• Negative Sentiment: Two SEC filings showed COO Javier Olivan sold shares under a pre-arranged 10b5-1 plan, which can still weigh on sentiment even though the sales were scheduled. SEC filing for Javier Olivan transaction
• Negative Sentiment: Recent commentary has also focused on Meta’s heavy AI spending, Reality Labs losses, and valuation concerns, reinforcing fears that profit growth could slow if investment remains elevated. Zacks: Meta Platforms is Overvalued at 5.5X PS

Meta Platforms Trading Down 5.4%

Meta Platforms stock opened at $567.58 on Thursday. 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 business’s fifty day simple moving average is $621.93 and its two-hundred day simple moving average is $635.05. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25. The company has a market capitalization of $1.44 trillion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 1.06 and a beta of 1.23.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, topping the consensus estimate of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The business had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. During the same period in the previous year, the company posted $6.43 earnings per share. The company’s revenue for the quarter was up 33.1% compared to the same quarter last year. As a group, equities analysts predict that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, June 15th. Meta Platforms’s payout ratio is 7.63%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays boosted their target price on Meta Platforms from $800.00 to $830.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Piper Sandler assumed coverage on Meta Platforms in a research note on Tuesday, June 2nd. They set an “overweight” rating on the stock. BNP Paribas Exane assumed coverage on Meta Platforms in a research note on Tuesday, June 2nd. They set an “outperform” rating on the stock. Tigress Financial boosted their target price on Meta Platforms from $935.00 to $945.00 and gave the company a “strong-buy” rating in a research note on Wednesday, March 18th. Finally, UBS Group cut Meta Platforms from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 2nd. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and an average price target of $840.60.

Meta Platforms 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.