Mizuho Markets Americas LLC lowered its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 47.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,401 shares of the social networking company’s stock after selling 49,599 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Meta Platforms were worth $31,697,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. First National Bank Sioux Falls lifted its stake in 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 worth $1,321,000 after purchasing an additional 14 shares during the last quarter. Levin Capital Strategies L.P. increased its stake in Meta Platforms by 1.4% during the fourth quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company’s stock valued at $649,000 after purchasing an additional 14 shares during the last quarter. Vista Capital Partners Inc. raised its holdings in shares of Meta Platforms by 1.3% during the second quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company’s stock worth $794,000 after purchasing an additional 14 shares during the period. Arcataur Capital Management LLC raised its holdings in shares of Meta Platforms by 0.9% during the fourth quarter. Arcataur Capital Management LLC now owns 1,736 shares of the social networking company’s stock worth $1,146,000 after purchasing an additional 15 shares during the period. Finally, Acorn Creek Capital LLC lifted its position 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 worth $1,398,000 after buying an additional 15 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.
Insider Transactions at Meta Platforms
In other news, insider Curtis J. Mahoney sold 2,079 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total value of $1,268,023.68. Following the completion of the transaction, 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. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 3,348 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $600.97, for a total transaction of $2,012,047.56. Following the transaction, the chief operating officer owned 9,498 shares in the company, valued at $5,708,013.06. This represents a 26.06% decrease in their position. 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. In the last three months, insiders sold 36,393 shares of company stock valued at $22,141,163. Company insiders own 13.53% of the company’s stock.
Meta Platforms Trading Down 0.2%
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. The business had revenue of $56.31 billion during the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The company’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.43 earnings per share. Equities analysts predict that Meta Platforms, Inc. will post 29.49 earnings per share for the current year.
Meta Platforms Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, June 15th. Meta Platforms’s payout ratio is 7.63%.
Meta Platforms News Roundup
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Analysts and investors see Meta as attractively valued ahead of Wednesday’s earnings, with estimates suggesting its forward earnings multiple is below historical norms and the broader market. Meta’s record of 13 consecutive earnings beats raises the possibility of another upside surprise. Meta Platforms: Time To Be Greedy
- Positive Sentiment: Revenue growth is expected to benefit from user expansion, higher advertising prices and increased ad volume. Meta is also expanding Meta AI by placing its chatbot in Threads direct messages, potentially increasing engagement and creating additional monetization opportunities over time. Threads users can now chat with Meta AI in their DMs
- Positive Sentiment: Supporters argue Meta can absorb elevated capital expenditures, including as much as $145 billion in 2026 AI spending, because of its strong cash generation and advertising business. Its AI infrastructure plans could also create opportunities to sell excess computing capacity at premium prices. Meta Can Absorb Capex Trouble
- Neutral Sentiment: Meta reports results after the market closes Wednesday, and options traders are pricing a sizable post-earnings move. The report, guidance and commentary on AI returns and spending will likely determine the stock’s near-term direction. Meta Reports Earnings Wednesday
- Negative Sentiment: Concerns about rising costs, heavy capital expenditures and uncertain returns on AI investments are weighing on sentiment. The broader technology sector has recently seen investors sell or fail to reward stocks even after strong earnings, contributing to Meta’s recent decline. Meta Q2 Earnings Loom
- Negative Sentiment: Meta faces ongoing legal and reputational risks. Tennessee attorneys allege that company leadership ignored internal research about Instagram’s effects on teenagers, while a separate lawsuit alleges failures to prevent abuse on Meta’s platforms. Adverse rulings or regulatory action could increase costs and constrain product practices. Meta disregarded its own research on teen harm
Wall Street Analyst Weigh In
Several research firms have recently commented on META. Needham & Company LLC reaffirmed a “hold” rating on shares of Meta Platforms in a report on Wednesday, July 8th. Rosenblatt Securities reiterated a “buy” rating and set a $1,015.00 price objective on shares of Meta Platforms in a research note on Thursday, May 28th. Royal Bank Of Canada reissued an “outperform” rating and issued a $810.00 target price on shares of Meta Platforms in a report on Monday, June 1st. Benchmark began coverage on Meta Platforms in a report on Tuesday, June 2nd. They set a “buy” rating for the company. Finally, Wolfe Research lowered their target price on Meta Platforms from $850.00 to $800.00 and set an “outperform” rating for the company in a report on Friday, April 10th. Five analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus price target of $835.64.
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.
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