1248 Management LLC Sells 1,162 Shares of Meta Platforms, Inc. $META

1248 Management LLC lowered its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 31.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,567 shares of the social networking company’s stock after selling 1,162 shares during the quarter. Meta Platforms comprises approximately 1.1% of 1248 Management LLC’s holdings, making the stock its 12th largest holding. 1248 Management LLC’s holdings in Meta Platforms were worth $1,885,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Westchester Capital Management Inc. acquired a new position in shares of Meta Platforms during the third quarter valued at about $26,000. Bare Financial Services Inc acquired a new stake in Meta Platforms during the second quarter worth about $30,000. Knuff & Co LLC acquired a new stake in Meta Platforms during the second quarter worth about $44,000. Spurstone Advisory Services LLC bought a new position in Meta Platforms during the second quarter valued at about $59,000. Finally, Evergreen Private Wealth LLC increased its stake in Meta Platforms by 64.8% during the third quarter. Evergreen Private Wealth LLC now owns 89 shares of the social networking company’s stock valued at $65,000 after acquiring an additional 35 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

More Meta Platforms News

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

• Positive Sentiment: Meta is rolling out new Meta AI features for Facebook Marketplace (automated listing creation and pricing) that help monetize its ads/commerce funnel and show ongoing productization of AI. Meta AI Writes Listings and Sets Prices for Facebook Marketplace Sellers
• Positive Sentiment: Meta outlined an aggressive in‑house chip roadmap (MTIA series) focused on generative AI inference — this could lower long‑term inference costs and improve margins if deployed at scale. Meta Chip Roadmap Puts AI Inference And Costs In Sharper Focus
• Positive Sentiment: Several bullish takeaways: fund managers cite Meta’s cost discipline and scale as advantages, and some analysts/notes argue the stock is attractively valued among large cap AI beneficiaries. These views provide a counterweight to short‑term AI execution concerns. Cuggino likes Meta for cost discipline
• Neutral Sentiment: Insider selling: COO Javier Olivan disclosed sales in early March (files show multiple transactions). Sizeable insider sales can draw attention but don’t necessarily signal company fundamentals. SEC filing – Olivan insider sale
• Neutral Sentiment: Regulatory scrutiny continues in the U.K. around child safety on platforms — a recurring policy risk that can affect product rollouts and compliance costs but is broadly anticipated by investors. UK watchdogs press Meta to block children
• Negative Sentiment: Avocado delay: Multiple outlets report Meta pushed the Avocado launch from this month to at least May after performance concerns, prompting investor worry about missed timelines and competitive positioning vs. Google/OpenAI. Meta Delays Rollout of New A.I. Model After Performance Concerns
• Negative Sentiment: Market reaction & scrutiny: Reports highlight that the delay increases scrutiny of Meta’s multibillion‑dollar AI investments and raises the risk of competitors pulling ahead, pressuring sentiment and the stock near term. Meta delays rollout of new AI model, NYT reports
• Negative Sentiment: Additional coverage frames the pause as a potential strategic cost — analysts and commentary ask whether Meta can afford to wait while rivals sprint ahead, amplifying short‑term downside risk. Avocado on Ice: Can Meta Afford to Pause?

Meta Platforms Trading Down 3.8%

Shares of META opened at $613.71 on Friday. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.55 trillion, a PE ratio of 26.12, a PEG ratio of 0.95 and a beta of 1.30. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The stock has a 50 day simple moving average of $653.25 and a 200-day simple moving average of $677.38.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, January 28th. The social networking company reported $8.88 EPS for the quarter, beating the consensus estimate of $8.16 by $0.72. Meta Platforms had a return on equity of 38.61% and a net margin of 30.08%.The business had revenue of $59.89 billion for the quarter, compared to analyst estimates of $58.33 billion. During the same quarter in the previous year, the firm earned $8.02 EPS. Meta Platforms’s quarterly revenue was up 23.8% on a year-over-year basis. On average, sell-side analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Monday, March 16th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, March 16th. Meta Platforms’s dividend payout ratio (DPR) is currently 8.94%.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 56,571 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $644.70, for a total transaction of $36,471,323.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Andrew Bosworth sold 8,089 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $631.24, for a total transaction of $5,106,100.36. Following the sale, the chief technology officer directly owned 2,841 shares of the company’s stock, valued at approximately $1,793,352.84. The trade was a 74.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 161,446 shares of company stock worth $103,451,688 over the last ninety days. Corporate insiders own 13.61% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on META. Erste Group Bank upgraded Meta Platforms from a “hold” rating to a “buy” rating in a research report on Thursday, March 5th. Robert W. Baird boosted their price objective on Meta Platforms from $815.00 to $830.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Wedbush upped their target price on Meta Platforms from $880.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Piper Sandler raised their target price on Meta Platforms from $840.00 to $880.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Finally, Arete Research reiterated a “neutral” rating on shares of Meta Platforms in a research note on Thursday, March 5th. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $844.44.

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.