Cambient Family Office LLC Grows Position in Meta Platforms, Inc. $META

Cambient Family Office LLC increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 25.3% in the first quarter, Holdings Channel reports. The firm owned 5,708 shares of the social networking company’s stock after buying an additional 1,154 shares during the period. Cambient Family Office LLC’s holdings in Meta Platforms were worth $3,266,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. RHL Group LLC acquired a new position in shares of Meta Platforms in the 4th quarter worth approximately $28,000. Strategic Wealth Advisors LLC acquired a new stake in Meta Platforms in the 4th quarter valued at approximately $29,000. Safe Harbor Fiduciary LLC purchased a new stake in Meta Platforms in the fourth quarter valued at approximately $42,000. Key Capital Management INC acquired a new position in Meta Platforms during the fourth quarter worth $48,000. Finally, Entrust Financial LLC purchased a new position in shares of Meta Platforms during the fourth quarter worth $48,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Key Headlines Impacting Meta Platforms

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

• Positive Sentiment: Reports that Meta is developing a cloud business to sell excess AI computing capacity and AI model access lifted the stock, since it could turn prior AI spending into near-term revenue and reduce reliance on ads.
• Positive Sentiment: Wall Street reaction has been broadly constructive, with traders rotating into Meta while some AI infrastructure rivals sold off on fears of new competition from a company with major scale and cash flow.
• Neutral Sentiment: Meta also named Alex Schultz as its first chief data officer and promoted Denise Moreno to chief marketing officer, a management change aimed at improving data-driven decision-making in the AI era.
• Neutral Sentiment: Unusually heavy call-option activity showed traders positioning for more upside, reinforcing the market’s bullish tone but not changing the fundamental story by itself.
• Negative Sentiment: Separately, Meta lost a bid to dismiss a multistate lawsuit alleging Facebook and Instagram are addictive to children, keeping a legal overhang in place.

Wall Street Analyst Weigh In

Several research firms recently issued reports on META. Rosenblatt Securities reiterated a “buy” rating and issued a $1,015.00 price objective on shares of Meta Platforms in a report on Thursday, May 28th. Roth Mkm reaffirmed a “buy” rating on shares of Meta Platforms in a research report on Thursday, April 30th. UBS Group cut shares of Meta Platforms from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 2nd. Mizuho dropped their price objective on shares of Meta Platforms from $850.00 to $835.00 and set an “outperform” rating for the company in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $725.00 target price (down from $825.00) on shares of Meta Platforms in a report on Thursday, April 30th. 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $840.60.

Meta Platforms Stock Performance

Shares of META stock opened at $612.91 on Thursday. The company has a market cap of $1.55 trillion, a P/E ratio of 22.28, a PEG ratio of 1.00 and a beta of 1.25. The firm has a fifty day moving average price of $606.34 and a 200 day moving average price of $628.95. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, beating analysts’ consensus estimates of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The company had revenue of $56.31 billion for the quarter, compared to analysts’ expectations of $55.56 billion. During the same period last year, the firm earned $6.43 earnings per share. Meta Platforms’s quarterly revenue was up 33.1% on a year-over-year basis. Sell-side analysts predict that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, June 15th. Meta Platforms’s dividend payout ratio is 7.63%.

Insider Activity at Meta Platforms

In related news, CFO Susan J. Li sold 9,195 shares of Meta Platforms stock in a transaction on Monday, May 18th. The shares were sold at an average price of $607.84, for a total transaction of $5,589,088.80. Following the sale, the chief financial officer directly owned 13,186 shares in the company, valued at $8,014,978.24. This trade represents a 41.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Curtis J. Mahoney sold 2,079 shares of the company’s stock in a transaction on 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 transaction, the insider owned 1,118 shares of the company’s stock, valued at $681,890.56. This represents a 65.03% decrease in their position. 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 three months, insiders have sold 39,013 shares of company stock valued at $24,115,999. 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.