Meta Platforms, Inc. $META Shares Sold by Arrow Capital Management LLC

Arrow Capital Management LLC lessened its stake in Meta Platforms, Inc. (NASDAQ:META) by 20.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,245 shares of the social networking company’s stock after selling 5,555 shares during the period. Meta Platforms comprises 8.4% of Arrow Capital Management LLC’s portfolio, making the stock its 3rd biggest holding. Arrow Capital Management LLC’s holdings in Meta Platforms were worth $12,155,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Auto Owners Insurance Co raised its stake in shares of Meta Platforms by 76,587.7% in the fourth quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company’s stock valued at $69,502,379,000 after purchasing an additional 105,154,977 shares in the last quarter. Norges Bank acquired a new stake in Meta Platforms during the fourth quarter worth $22,152,075,000. Vanguard Group Inc. increased its holdings in Meta Platforms by 3.8% in 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 buying an additional 7,269,279 shares during the period. Corient Private Wealth LLC increased its holdings in Meta Platforms by 488.1% in the 4th quarter. Corient Private Wealth LLC now owns 5,466,595 shares of the social networking company’s stock valued at $3,608,445,000 after buying an additional 4,537,076 shares during the period. Finally, State Street Corp raised its stake in shares of Meta Platforms by 5.1% in 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 buying an additional 4,395,763 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Stock Performance

Meta Platforms stock opened at $593.87 on Tuesday. The company has a market cap of $1.50 trillion, a PE ratio of 21.59, a PEG ratio of 1.01 and a beta of 1.25. 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 1 year low of $520.26 and a 1 year high of $796.25. The company’s 50-day moving average is $604.17 and its two-hundred day moving average is $625.06.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, topping the consensus estimate of $6.67 by $3.77. The company had revenue of $56.31 billion during the quarter, compared to analysts’ expectations of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. Meta Platforms’s revenue was up 33.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.43 EPS. Equities analysts anticipate that Meta Platforms, Inc. will post 29.49 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. Meta Platforms’s payout ratio is 7.63%.

Insider Buying and Selling

In related news, Director Robert M. Kimmitt sold 500 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $607.75, for a total value of $303,875.00. Following the completion of the sale, the director owned 3,443 shares in the company, valued at approximately $2,092,483.25. This represents a 12.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 dated Monday, July 6th. The stock was sold at an average price of $600.97, for a total value of $2,012,047.56. Following the transaction, the chief operating officer owned 9,498 shares in the company, valued at approximately $5,708,013.06. This trade represents a 26.06% 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. Insiders sold a total of 36,393 shares of company stock valued at $22,141,163 over the last three months. Company insiders own 13.53% of the company’s stock.

Key Headlines Impacting Meta Platforms

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $725.00 price objective (down from $825.00) on shares of Meta Platforms in a report on Thursday, April 30th. Benchmark started coverage on shares of Meta Platforms in a research note on Tuesday, June 2nd. They issued a “buy” rating on the stock. Wall Street Zen cut shares of Meta Platforms from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Mizuho decreased their price objective on Meta Platforms from $850.00 to $835.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Finally, Raymond James Financial upped their price objective on Meta Platforms from $825.00 to $850.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 21st. Five analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $835.64.

Meta Platforms 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.