4,808 Shares in Meta Platforms, Inc. $META Acquired by Rare Wolf Capital LLC

Rare Wolf Capital LLC purchased a new position in shares of Meta Platforms, Inc. (NASDAQ:META) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,808 shares of the social networking company’s stock, valued at approximately $3,174,000. Meta Platforms makes up 2.0% of Rare Wolf Capital LLC’s portfolio, making the stock its 8th largest position.

A number of other large investors also recently modified their holdings of the company. Westchester Capital Management Inc. acquired a new stake in Meta Platforms in the third quarter valued at $26,000. RHL Group LLC acquired a new position in shares of Meta Platforms during the 4th quarter worth about $28,000. Strategic Wealth Advisors LLC acquired a new position in shares of Meta Platforms during the 4th quarter worth about $29,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Meta Platforms in the 4th quarter valued at about $42,000. Finally, Key Capital Management INC purchased a new position in shares of Meta Platforms in the 4th quarter valued at about $48,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Meta Platforms

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

• Positive Sentiment: Meta is expanding its AI infrastructure by signing new computing deals with Crusoe, which should help support its long-term AI buildout and capacity needs. Reuters: Meta signs new AI computing deals with data center firm Crusoe
• Positive Sentiment: Meta continues to strengthen its AI-led growth narrative through data center expansion in India and new creator-focused AI tools on Facebook, both of which could improve engagement and future monetization. Insider Monkey: Meta rolls out new AI features on Facebook for content creators
• Positive Sentiment: Threads has reached 500 million monthly active users, and Meta is adding new community and feed features, reinforcing the company’s platform growth beyond Facebook and Instagram. Yahoo Finance: Meta reaches 500 million Threads users
• Neutral Sentiment: Meta’s COO Javier Olivan disclosed another pre-planned stock sale, which is notable but not necessarily a fundamental signal since it was executed under a 10b5-1 plan. InsiderTrades: Meta COO sells stock
• Neutral Sentiment: Meta’s dividend and long-term shareholder-return profile are supportive, but this is unlikely to be the main short-term stock driver. Finbold: Meta to pay dividends next week
• Negative Sentiment: Reuters reported that Meta is lobbying Congress for legal protection from child-harm lawsuits, keeping regulatory and litigation risk in focus for investors. Reuters: Meta lobbies Congress for protection from child-harm lawsuits
• Negative Sentiment: Concerns around AI execution also weighed on sentiment after Reuters said a key executive overseeing Meta’s “AI for work” transformation is leaving the company. Reuters: Meta head of product for AI for work transformation is leaving company
• Negative Sentiment: Meta was also hit by reports that attackers exploited its AI customer support chatbot to compromise Instagram accounts, raising trust and security concerns around its AI tools. Yahoo Finance: Meta faces AI support breach as key internal AI executive exits

Meta Platforms Trading Up 1.7%

META opened at $577.22 on Friday. The firm has a market cap of $1.46 trillion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 1.01 and a beta of 1.23. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25. The business’s 50 day moving average is $621.98 and its two-hundred day moving average is $634.55. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24.

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

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors 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 annualized dividend and a yield of 0.4%. Meta Platforms’s dividend payout ratio is 7.63%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on META shares. Wells Fargo & Company decreased their target price on Meta Platforms from $770.00 to $765.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Citizens Jmp reiterated a “market outperform” rating and issued a $900.00 price target on shares of Meta Platforms in a research note on Tuesday, April 21st. Guggenheim cut their price objective on shares of Meta Platforms from $850.00 to $800.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. UBS Group downgraded shares of Meta Platforms from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 2nd. Finally, Bank of America lowered their target price on shares of Meta Platforms from $885.00 to $820.00 and set a “buy” rating for the company in a report on Monday, April 20th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $840.60.

Insider Activity at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 140 shares of Meta Platforms stock in a transaction on Monday, June 15th. The shares were sold at an average price of $600.00, for a total value of $84,000.00. Following the transaction, the chief operating officer directly owned 12,846 shares in the company, valued at approximately $7,707,600. The trade was a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 dated Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the completion of the sale, the insider directly owned 1,118 shares of the company’s stock, valued at $681,890.56. The trade was 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. Insiders sold a total of 40,568 shares of company stock worth $25,057,365 in the last 90 days. 13.53% of the stock is owned by insiders.

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.