Meta Platforms, Inc. $META is Precision Wealth Strategies LLC’s 9th Largest Position

Precision Wealth Strategies LLC increased its position in Meta Platforms, Inc. (NASDAQ:META) by 13.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,035 shares of the social networking company’s stock after acquiring an additional 1,156 shares during the period. Meta Platforms comprises about 2.1% of Precision Wealth Strategies LLC’s holdings, making the stock its 9th biggest position. Precision Wealth Strategies LLC’s holdings in Meta Platforms were worth $6,624,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of META. Brighton Jones LLC lifted its position in Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after buying an additional 570 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after acquiring an additional 875 shares during the last quarter. Headwater Capital Co Ltd increased its stake in shares of Meta Platforms by 294.7% during the 1st quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company’s stock valued at $86,454,000 after acquiring an additional 112,000 shares during the last quarter. Dymon Asia Capital Singapore PTE. LTD. purchased a new position in shares of Meta Platforms during the 2nd quarter worth about $213,000. Finally, Capital & Planning LLC acquired a new stake in shares of Meta Platforms in the second quarter worth approximately $322,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Key Stories Impacting Meta Platforms

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

• Negative Sentiment: Santa Clara County sued Meta, alleging the company earned money from scam advertisements on Facebook and Instagram and violated California false advertising and unfair business practices laws. California county sues Meta over scam ads
• Negative Sentiment: Another report highlighted the same lawsuit, framing it as a claim that Meta earned billions from scam Facebook ads, reinforcing investor worries about reputational damage and possible legal costs. Meta accused of earning billions from scam Facebook ads in new California lawsuit
• Negative Sentiment: A plaintiffs’ law firm also announced an investigation into Meta’s board over possible breaches of fiduciary duty tied to privacy oversight and AI training practices, which could keep governance concerns in focus. Berger Montague PC Investigates Meta Platforms, Inc.’s Board of Directors for Breach of Fiduciary Duty (META)
• Neutral Sentiment: Analyst commentary remained constructive overall, with coverage noting that Wall Street still sees upside in Meta despite recent post-earnings volatility, which may help limit downside. Meta Platforms’ Wild Post-Earnings Swings: Where Analyst Price Targets Stand Now

Insiders Place Their Bets

In other news, COO Javier Olivan sold 2,778 shares of the company’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $629.45, for a total value of $1,748,612.10. Following the completion of the sale, the chief operating officer owned 10,557 shares of the company’s stock, valued at $6,645,103.65. This represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan J. Li sold 56,571 shares of the stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $644.70, for a total value of $36,471,323.70. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 167,676 shares of company stock worth $107,299,848 over the last quarter. 13.61% of the stock is owned by corporate insiders.

Meta Platforms Price Performance

META opened at $598.86 on Tuesday. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $796.25. The company has a 50 day moving average of $625.62 and a two-hundred day moving average of $643.49. The company has a market cap of $1.51 trillion, a P/E ratio of 21.77, a P/E/G ratio of 1.07 and a beta of 1.25. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, beating analysts’ consensus estimates of $6.67 by $3.77. The business 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 revenue for the quarter was up 33.1% compared to the same quarter last year. During the same quarter last year, the firm posted $6.43 EPS. On average, analysts expect that Meta Platforms, Inc. will post 29.68 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Monday, March 16th were given a $0.525 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $2.10 annualized dividend and a yield of 0.4%. Meta Platforms’s dividend payout ratio (DPR) is 7.63%.

Analyst Upgrades and Downgrades

META has been the subject of a number of recent analyst reports. Rothschild & Co Redburn set a $900.00 target price on shares of Meta Platforms in a report on Monday, January 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $810.00 price target on shares of Meta Platforms in a research note on Thursday, April 30th. Mizuho lowered their price objective on shares of Meta Platforms from $850.00 to $835.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Piper Sandler restated an “overweight” rating and set a $800.00 price objective (down from $880.00) on shares of Meta Platforms in a report on Thursday, April 30th. Finally, Roth Mkm reaffirmed a “buy” rating on shares of Meta Platforms in a research report on Thursday, April 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $840.31.

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.