826 Shares in Meta Platforms, Inc. $META Acquired by Pearl Planning LLC

Key Points

• Pearl Planning LLC disclosed a new Meta Platforms position in its latest 13F filing, buying 826 shares valued at about $545,000.
• Meta’s latest earnings beat expectations, with EPS of $10.44 versus the $6.67 estimate and revenue of $56.31 billion, up 33.1% year over year.
• Wall Street remains broadly positive on META despite some lowered price targets: the stock has a Moderate Buy consensus rating and an average target price of $840.31.

Pearl Planning LLC acquired a new position in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 826 shares of the social networking company's stock, valued at approximately $545,000.

Several other institutional investors have also recently bought and sold shares of META. Brighton Jones LLC raised its position in Meta Platforms by 1.7% in the 4th 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 raised its position in Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after purchasing an additional 875 shares during the last quarter. Headwater Capital Co Ltd raised its position in Meta Platforms by 294.7% in the 1st quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock worth $86,454,000 after purchasing an additional 112,000 shares during the last quarter. Dymon Asia Capital Singapore PTE. LTD. bought a new stake in shares of Meta Platforms during the 2nd quarter valued at $213,000. Finally, Capital & Planning LLC bought a new stake in shares of Meta Platforms during the 2nd quarter valued at $322,000. Institutional investors own 79.91% of the company's stock.

Wall Street Analysts Forecast Growth

META has been the subject of several recent research reports. Cantor Fitzgerald dropped their target price on shares of Meta Platforms from $850.00 to $750.00 and set an "overweight" rating for the company in a research report on Thursday, April 30th. Weiss Ratings reiterated a "buy (b)" rating on shares of Meta Platforms in a research report on Friday, March 27th. Citizens Jmp reiterated a "market outperform" rating and set a $900.00 target price on shares of Meta Platforms in a research report on Tuesday, April 21st. Wolfe Research dropped their target price on shares of Meta Platforms from $850.00 to $800.00 and set an "outperform" rating for the company in a research report on Friday, April 10th. Finally, Bank of America dropped their target price on shares of Meta Platforms from $885.00 to $820.00 and set a "buy" rating for the company in a research report on Monday, April 20th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Meta Platforms currently has a consensus rating of "Moderate Buy" and an average target price of $840.31.

Meta Platforms Price Performance

Shares of META stock opened at $611.21 on Tuesday. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $796.25. The firm has a market capitalization of $1.55 trillion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 1.08 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. The firm has a fifty day moving average of $621.20 and a 200-day moving average of $638.95.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.67 by $3.77. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The company had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. During the same quarter in the previous year, the business earned $6.43 EPS. The firm's revenue was up 33.1% on a year-over-year basis. On average, equities research analysts forecast that Meta Platforms, Inc. will post 29.65 earnings per share for the current year.

Insider Activity

In other news, CFO Susan J. Li sold 56,571 shares of the business's stock in a transaction on Friday, February 27th. The shares were sold at an average price of $644.70, for a total value of $36,471,323.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Andrew Bosworth sold 8,089 shares of the business's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $631.24, for a total transaction of $5,106,100.36. Following the completion of the transaction, the chief technology officer directly owned 2,841 shares of the company's stock, valued at $1,793,352.84. This trade represents a 74.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 158,971 shares of company stock valued at $101,676,729 in the last quarter. Company insiders own 13.53% of the company's stock.

Meta Platforms News Roundup

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

• Positive Sentiment: Meta’s AI and advertising strategy still appears to be generating real business results, with one analysis pointing to strong ad impressions, higher ad prices, and continued revenue growth that could help justify its heavy capital spending. Meta's Selloff Looks Like A Major Misread
• Positive Sentiment: Meta also announced new parental supervision tools across Facebook, Instagram, Messenger, and Horizon, which could support trust and platform engagement over time. Meta's new tools allow parents to better supervise their kids' social media accounts. Will they work?
• Positive Sentiment: Zefr said it is deepening its partnership with Meta by adding AI-powered pre-bid controls to Threads, a sign that advertisers continue building on Meta’s newer products. Zefr Deepens Meta Partnership, Bringing AI-Powered Pre-Bid Controls to Threads Feed
• Neutral Sentiment: Several hedge-fund filings showed mixed investor sentiment, with some managers adding to Meta while others trimmed stakes, offering no clear single-direction signal for the shares. Tiger Global boosts Meta Platforms stake by 336,249 shares
• Negative Sentiment: Meta is starting layoffs affecting about 8,000 employees, roughly 10% of its workforce, and expects the cuts to roll out in waves this week and possibly continue later in the year. Meta layoffs starting this week stress harsh AI reality inside Zuckerberg's company
• Negative Sentiment: Reports that Meta is reorganizing 7,000 employees toward AI and telling workers to stay remote during the layoff process reinforce fears that rising AI investment is creating pressure on headcount and margins. Meta Reassigns 7,000 Employees to Focus on A.I.
• Negative Sentiment: Commentary around Meta’s “brutal” AI spending and large-scale job cuts is fueling concern that capital expenditures are getting too large before investors see enough return. Meta's 8,000 Job Cuts To Foot The $145B AI Bill

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.