Meta Platforms, Inc. $META Stock Holdings Lifted by Atlas Wealth LLC

Atlas Wealth LLC boosted its stake in Meta Platforms, Inc. (NASDAQ:META) by 4,320.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 117,412 shares of the social networking company’s stock after acquiring an additional 114,756 shares during the quarter. Meta Platforms accounts for about 8.2% of Atlas Wealth LLC’s portfolio, making the stock its 2nd biggest holding. Atlas Wealth LLC’s holdings in Meta Platforms were worth $67,175,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RHL Group LLC acquired a new stake in shares of Meta Platforms in the fourth quarter valued at about $28,000. Strategic Wealth Advisors LLC acquired a new position in shares of Meta Platforms during the 4th quarter worth about $29,000. Niles Investment Management LLC acquired a new position in shares of Meta Platforms during the 4th quarter worth about $29,000. Bayban lifted its stake in Meta Platforms by 100.0% in the 1st quarter. Bayban now owns 70 shares of the social networking company’s stock valued at $40,000 after buying an additional 35 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new position in Meta Platforms in the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms News Summary

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

• Positive Sentiment: A Florida teen dropped his lawsuit against Meta over alleged social-media addiction harms ahead of trial, reducing legal overhang and removing a potential headline risk for the company.
• Positive Sentiment: Jefferies said Meta’s AI glasses could become a long-term hardware growth driver, noting strong early product reception and Meta’s first-mover advantage in shipping AI glasses at scale.
• Positive Sentiment: Multiple reports highlighted strong demand for AI infrastructure led by Meta, including record hyperscaler leasing and speculation around a large compute deal with Anthropic, reinforcing confidence in Meta’s AI spending strategy.
• Positive Sentiment: Wells Fargo and Rothschild & Co Redburn both raised price targets on Meta, signaling that some Wall Street analysts remain constructive on the stock’s longer-term upside.
• Neutral Sentiment: Meta continues to face mixed sentiment around its AI push, including scrutiny over heavy capital spending and broader concerns about big-tech debt and future infrastructure commitments.
• Neutral Sentiment: Commentary comparing Meta with other Magnificent 7 names suggests investors are watching upcoming earnings closely for signs that the company can re-accelerate enthusiasm around the stock.
• Negative Sentiment: Analysts cited by Zacks warned Meta may report weaker earnings growth in its upcoming results, which could weigh on sentiment if the company disappoints expectations.
• Negative Sentiment: Several articles continued to focus on regulatory and legal risks tied to social-media harms, including criticism of Meta’s platforms and broader scrutiny of addictive features.

Insider Buying and Selling at Meta Platforms

In other news, insider Curtis J. Mahoney sold 2,079 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 1,118 shares of the company’s stock, valued at approximately $681,890.56. The trade was a 65.03% decrease in their position. The sale was disclosed in a legal 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, Director Robert M. Kimmitt sold 500 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $607.75, for a total transaction of $303,875.00. Following the completion of the sale, the director directly owned 3,443 shares of the company’s stock, valued at $2,092,483.25. This represents a 12.68% 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. Insiders sold a total of 37,948 shares of company stock worth $23,184,319 in the last three months. 13.53% of the stock is owned by corporate insiders.

Meta Platforms Trading Down 2.6%

Shares of Meta Platforms stock opened at $627.17 on Thursday. The stock has a market cap of $1.59 trillion, a P/E ratio of 22.80, a P/E/G ratio of 1.07 and a beta of 1.25. The stock’s 50 day simple moving average is $605.14 and its 200-day simple moving average is $626.29. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $796.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35.

Meta Platforms (NASDAQ:META) last posted 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. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The business had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. During the same period in the prior year, the business earned $6.43 earnings per share. The business’s revenue was up 33.1% compared to the same quarter last year. Analysts predict that Meta Platforms, Inc. will post 30.04 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Weiss Ratings lowered Meta Platforms from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. The Goldman Sachs Group downgraded Meta Platforms from a “buy” rating to a “sell” rating in a research report on Tuesday, June 2nd. Wolfe Research lowered their price target on Meta Platforms from $850.00 to $800.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th. Stifel Nicolaus dropped their price target on Meta Platforms from $805.00 to $780.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Finally, Piper Sandler assumed coverage on Meta Platforms in a research note on Tuesday, June 2nd. They issued an “overweight” rating for the company. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Meta Platforms 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.