Pinnacle Wealth Management Advisory Group LLC Grows Stock Holdings in Meta Platforms, Inc. $META

Pinnacle Wealth Management Advisory Group LLC boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 19.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,566 shares of the social networking company’s stock after purchasing an additional 2,906 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Meta Platforms were worth $10,050,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. RHL Group LLC purchased a new stake in Meta Platforms during the fourth quarter valued at $28,000. Strategic Wealth Advisors LLC bought a new stake in shares of Meta Platforms during the 4th quarter valued at about $29,000. Niles Investment Management LLC purchased a new stake in shares of Meta Platforms during the 4th quarter valued at about $29,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Meta Platforms during the 4th quarter valued at about $42,000. Finally, Key Capital Management INC bought a new position in shares of Meta Platforms in the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insider Activity

In other news, COO Javier Olivan sold 2,778 shares of the business’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 transaction, the chief operating officer directly owned 10,557 shares in the company, valued at $6,645,103.65. The trade was a 20.83% decrease in their ownership of the stock. The sale was disclosed in a legal 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, CTO Andrew Bosworth sold 7,847 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $607.83, for a total value of $4,769,642.01. Following the completion of the transaction, the chief technology officer directly owned 414 shares of the company’s stock, valued at approximately $251,641.62. This trade represents a 94.99% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 39,013 shares of company stock worth $24,115,999. 13.53% of the stock is currently owned by corporate insiders.

Meta Platforms Price Performance

NASDAQ META opened at $564.11 on Wednesday. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25. The stock has a market cap of $1.43 trillion, a price-to-earnings ratio of 20.51, a PEG ratio of 1.00 and a beta of 1.23. The company’s 50 day moving average is $607.50 and its two-hundred day moving average is $629.23. 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 (NASDAQ:META) last posted its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping analysts’ consensus estimates of $6.67 by $3.77. The business had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The company’s revenue was up 33.1% on a year-over-year basis. During the same period in the prior year, the business posted $6.43 earnings per share. As a group, research analysts anticipate that Meta Platforms, Inc. will post 29.35 earnings per share for the current year.

Meta Platforms Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. UBS Group downgraded shares of Meta Platforms from a “buy” rating to a “neutral” rating in a report on Tuesday, June 2nd. 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 research note on Monday, March 30th. Rosenblatt Securities reissued a “buy” rating and set a $1,015.00 price objective on shares of Meta Platforms in a research report on Thursday, May 28th. Wall Street Zen lowered Meta Platforms from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Sanford C. Bernstein decreased their target price on Meta Platforms from $900.00 to $850.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $840.60.

Meta Platforms News Roundup

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

• Positive Sentiment: Meta continues to draw bullish commentary from analysts and investors who view it as a strong long-term growth story, with some recent coverage calling it a market favorite and one of billionaire Dan Loeb’s preferred growth holdings.
• Positive Sentiment: Reports that Meta is rolling out a cheaper new line of smart glasses, starting at $299, support the company’s push beyond social media into wearable AI hardware and could broaden adoption.
• Positive Sentiment: One recent article argued Meta has clear AI-driven upside over the next several years, reinforcing the view that its scale, ad business, and AI investments could support higher earnings over time.
• Neutral Sentiment: Mark Zuckerberg is reportedly building a standalone prediction-market app, which could create a new product category, but it remains early and its financial impact is unclear.
• Neutral Sentiment: Broader “Magnificent 7” weakness has weighed on mega-cap tech stocks overall, adding a market-level headwind even for companies with strong fundamentals.
• Negative Sentiment: The lawsuit ruling in the Facebook and Instagram addiction case keeps legal exposure alive and could increase uncertainty around Meta’s platform practices and future costs. Mark Zuckerberg’s Meta loses bid to toss lawsuit alleging Facebook and Instagram addict children

About Meta Platforms

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.