Pinnacle Wealth Management Advisory Group LLC Purchases 868 Shares of Meta Platforms, Inc. $META

Pinnacle Wealth Management Advisory Group LLC raised its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 6.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,069 shares of the social networking company’s stock after buying an additional 868 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Meta Platforms were worth $10,384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC grew its holdings in shares of 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 purchasing an additional 570 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in 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 worth $5,537,000 after buying an additional 875 shares in the last quarter. 1776 Wealth LLC grew its holdings in Meta Platforms by 137.2% during the 1st quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock worth $673,000 after acquiring an additional 675 shares during the last quarter. Smart Money Group LLC increased its position in Meta Platforms by 20.4% in the 1st quarter. Smart Money Group LLC now owns 2,052 shares of the social networking company’s stock valued at $1,182,000 after acquiring an additional 348 shares in the last quarter. Finally, Foundry Partners LLC increased its position in Meta Platforms by 5.3% in the 1st quarter. Foundry Partners LLC now owns 1,480 shares of the social networking company’s stock valued at $853,000 after acquiring an additional 75 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Meta Platforms news, CFO Susan J. Li sold 6,875 shares of Meta Platforms stock in a transaction dated Saturday, November 15th. The stock was sold at an average price of $609.46, for a total transaction of $4,190,037.50. Following the transaction, the chief financial officer directly owned 88,370 shares in the company, valued at approximately $53,857,980.20. The trade was a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Javier Olivan sold 2,610 shares of the stock in a transaction dated Saturday, November 15th. The stock was sold at an average price of $609.46, for a total value of $1,590,690.60. Following the completion of the sale, the chief operating officer owned 9,784 shares of the company’s stock, valued at $5,962,956.64. This trade represents a 21.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 41,959 shares of company stock valued at $26,906,323. 13.61% of the stock is currently owned by company insiders.

Meta Platforms Stock Down 0.2%

NASDAQ:META opened at $589.22 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The stock’s fifty day simple moving average is $700.89 and its 200-day simple moving average is $704.88. The firm has a market capitalization of $1.49 trillion, a P/E ratio of 26.03, a P/E/G ratio of 1.24 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, beating the consensus estimate of $6.74 by $0.51. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The firm had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. During the same quarter in the prior year, the firm posted $6.03 earnings per share. The company’s quarterly revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. Equities research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is currently 9.28%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on META. Loop Capital reissued a “buy” rating and set a $980.00 price target (up from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Erste Group Bank downgraded Meta Platforms from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Wells Fargo & Company lowered their target price on Meta Platforms from $837.00 to $802.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Citizens Jmp boosted their target price on Meta Platforms from $750.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, UBS Group raised their price target on Meta Platforms from $900.00 to $915.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and an average price target of $825.05.

Meta Platforms Company Profile

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.