Meta Platforms, Inc. (NASDAQ:META – Get Free Report) shares were up 2.2% during mid-day trading on Monday . The stock traded as high as $570.90 and last traded at $562.60. Approximately 14,290,448 shares traded hands during trading, a decline of 12% from the average session volume of 16,283,937 shares. The stock had previously closed at $550.25.
Trending Headlines about Meta Platforms
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Dan Ives called the recent selloff in Big Tech a buying opportunity, which could help sentiment toward Meta Platforms as part of the broader mega-cap tech group. Dan Ives Says the $3 Trillion Tech Wipeout Is a Buying Opportunity. Here’s His Case
- Positive Sentiment: Meta is getting attention as a growth stock pick, with Dan Loeb cited as favoring the company, reinforcing investor confidence in its long-term fundamentals. Is Meta (META) Still One of Billionaire Dan Loeb’s Best Growth Stocks to Buy While It Holds Out on Trump’s AI Review?
- Positive Sentiment: Meta and EssilorLuxottica launched cheaper AI smart glasses starting at $299, a product move that could expand adoption and support revenue growth. Meta Platforms (META) To Launch a New Line of Smart Glasses and This Time They are Cheaper
- Positive Sentiment: Analysts reportedly continue to rate Meta as a “Moderate Buy,” suggesting Wall Street still sees room for upside. Meta Platforms, Inc. (NASDAQ:META) Receives Consensus Recommendation of “Moderate Buy” from Analysts
- Neutral Sentiment: Reports that Google is limiting Meta’s access to Gemini AI models add uncertainty around Meta’s AI infrastructure plans, but the impact on earnings is still unclear. Google limits Meta’s use of its Gemini AI models, FT reports
- Neutral Sentiment: Coverage comparing Meta’s revenue scale and trajectory versus Snap reinforces Meta’s stronger business profile, but it is largely informational rather than a new catalyst. Meta Platforms vs. Snap: Comparing Revenue Scale and Recent Trajectories
- Negative Sentiment: Meta is facing scrutiny after reports that the Trump administration wants the company to voluntarily submit AI models for security review, which could add regulatory pressure. Is Meta (META) Still One of Billionaire Dan Loeb’s Best Growth Stocks to Buy While It Holds Out on Trump’s AI Review?
Analyst Ratings Changes
Several brokerages have recently weighed in on META. Benchmark initiated coverage on Meta Platforms in a report on Tuesday, June 2nd. They set a “buy” rating on the stock. Piper Sandler began coverage on shares of Meta Platforms in a report on Tuesday, June 2nd. They issued an “overweight” rating on the stock. Erste Group Bank downgraded shares of Meta Platforms from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Susquehanna upgraded shares of Meta Platforms from a “positive” rating to a “positive” rating in a research report on Tuesday, June 2nd. Finally, Arete Research set a $735.00 target price on shares of Meta Platforms and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $840.60.
Meta Platforms Stock Up 2.2%
The firm has a market cap of $1.42 trillion, a price-to-earnings ratio of 20.45, a PEG ratio of 0.97 and a beta of 1.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. The business’s 50-day moving average is $612.28 and its 200-day moving average is $630.50.
Meta Platforms (NASDAQ:META – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping the consensus estimate of $6.67 by $3.77. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The company had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. During the same quarter last year, the business posted $6.43 earnings per share. The company’s revenue was up 33.1% on a year-over-year basis. On average, equities analysts predict that Meta Platforms, Inc. will post 29.35 EPS for the current year.
Meta Platforms Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, June 15th. Meta Platforms’s dividend payout ratio is presently 7.63%.
Insider Activity
In other Meta Platforms news, Director Robert M. Kimmitt sold 504 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $629.29, for a total value of $317,162.16. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 140 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $600.00, for a total transaction of $84,000.00. Following the transaction, the chief operating officer owned 12,846 shares in the company, valued at $7,707,600. The trade was a 1.08% 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 39,013 shares of company stock worth $24,115,999. 13.53% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. First National Bank Sioux Falls lifted its stake in shares of Meta Platforms by 0.7% during the fourth quarter. First National Bank Sioux Falls now owns 2,001 shares of the social networking company’s stock valued at $1,321,000 after acquiring an additional 14 shares during the period. Levin Capital Strategies L.P. raised its holdings in Meta Platforms by 1.4% during the 4th quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company’s stock worth $649,000 after purchasing an additional 14 shares during the last quarter. Vista Capital Partners Inc. lifted its position in Meta Platforms by 1.3% during the 2nd quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company’s stock valued at $794,000 after purchasing an additional 14 shares during the period. Arcataur Capital Management LLC lifted its position in Meta Platforms by 0.9% during the 4th quarter. Arcataur Capital Management LLC now owns 1,736 shares of the social networking company’s stock valued at $1,146,000 after purchasing an additional 15 shares during the period. Finally, Acorn Creek Capital LLC boosted its stake in shares of Meta Platforms by 0.7% in the 4th quarter. Acorn Creek Capital LLC now owns 2,118 shares of the social networking company’s stock valued at $1,398,000 after purchasing an additional 15 shares during the last quarter. Institutional investors and hedge funds own 79.91% 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.
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