Landscape Capital Management L.L.C. Sells 5,127 Shares of Meta Platforms, Inc. $META

by · The Markets Daily

Landscape Capital Management L.L.C. reduced its position in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 59.2% in the fourth quarter, Holdings Channel reports. The firm owned 3,533 shares of the social networking company’s stock after selling 5,127 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Meta Platforms were worth $2,332,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of META. Norges Bank bought a new stake in Meta Platforms during the 4th quarter valued at about $22,152,075,000. Vanguard Group Inc. increased its stake in Meta Platforms by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock valued at $132,015,115,000 after purchasing an additional 7,269,279 shares in the last quarter. State Street Corp increased its stake in Meta Platforms by 5.1% during the 4th quarter. State Street Corp now owns 90,841,345 shares of the social networking company’s stock valued at $59,963,463,000 after purchasing an additional 4,395,763 shares in the last quarter. Danske Bank A S bought a new stake in Meta Platforms during the 3rd quarter valued at about $1,191,175,000. Finally, Bank of New York Mellon Corp increased its stake in Meta Platforms by 9.2% during the 4th quarter. Bank of New York Mellon Corp now owns 14,874,837 shares of the social networking company’s stock valued at $9,818,731,000 after purchasing an additional 1,255,496 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Performance

Shares of NASDAQ META opened at $566.98 on Monday. The firm’s 50-day moving average price is $621.15 and its 200-day moving average price is $636.05. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.43 trillion, a PE ratio of 20.61, a PEG ratio of 1.00 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.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.67 by $3.77. The firm had revenue of $56.31 billion for 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 business’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter last year, the firm posted $6.43 EPS. As a group, analysts anticipate that Meta Platforms, Inc. will post 29.35 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 15th will be issued a $0.525 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. Meta Platforms’s dividend payout ratio (DPR) is presently 7.63%.

Analysts Set New Price Targets

META has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Meta Platforms from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Cantor Fitzgerald reduced their price objective on shares of Meta Platforms from $850.00 to $750.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. TD Cowen dropped their price target on shares of Meta Platforms from $820.00 to $800.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Morgan Stanley dropped their price target on shares of Meta Platforms from $825.00 to $775.00 and set an “overweight” rating on the stock in a report on Monday, March 30th. Finally, BNP Paribas Exane began coverage on shares of Meta Platforms in a report on Tuesday, June 2nd. They set an “outperform” rating on the stock. 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 given a Sell rating to the stock. According to MarketBeat.com, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus target price of $840.60.

Read Our Latest Stock Report on META

Meta Platforms News Roundup

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

  • Positive Sentiment: Meta is expanding its AI infrastructure globally, including a new AI-enabled data center partnership in India with Reliance Industries, reinforcing confidence in its long-term artificial intelligence strategy.
  • Positive Sentiment: The company launched Instagram Plus globally, an optional subscription product that could help diversify revenue beyond advertising.
  • Positive Sentiment: Analysts and commentary from Morgan Stanley, Zacks, and others continued to describe Meta as a high-quality growth and compounder stock, with recent earnings still viewed as strong.

Insider Buying and Selling at Meta Platforms

In related news, COO Javier Olivan sold 2,778 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $629.45, for a total value of $1,748,612.10. Following the transaction, the chief operating officer owned 10,557 shares of the company’s stock, valued at approximately $6,645,103.65. This trade represents a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a 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, CTO Andrew Bosworth sold 7,847 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the completion of the transaction, the chief technology officer directly owned 414 shares in the company, valued at approximately $251,641.62. The trade was a 94.99% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last ninety days, insiders sold 39,170 shares of company stock worth $24,218,565. 13.53% of the stock is owned by corporate insiders.

Meta Platforms Profile

(Free Report)

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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