GK Wealth Management LLC Raises Holdings in Meta Platforms, Inc. $META

Key Points

• GK Wealth Management increased its Meta stake by 661.1% in the second quarter, owning 3,950 shares worth approximately $2.23 million. Institutional investors collectively hold 79.91% of Meta’s outstanding stock.
• Meta reported quarterly revenue of $60.8 billion, up 28% year over year and above estimates, but earnings per share of $6.18 missed the $7.19 consensus. The stock opened at $588.77, below its 50-day and 200-day moving averages.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $785.32, although several firms recently lowered their targets. Meta also faces concerns over AI spending, regulatory scrutiny and AI safety risks.

GK Wealth Management LLC raised its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 661.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,950 shares of the social networking company's stock after purchasing an additional 3,431 shares during the period. Meta Platforms comprises 1.2% of GK Wealth Management LLC's investment portfolio, making the stock its 20th biggest position. GK Wealth Management LLC's holdings in Meta Platforms were worth $2,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC increased its holdings in shares of Meta Platforms by 17.4% in the 1st quarter. Ashton Thomas Securities LLC now owns 18,000 shares of the social networking company's stock valued at $10,299,000 after acquiring an additional 2,670 shares during the last quarter. Keybank National Association OH lifted its stake in Meta Platforms by 15.7% during the fourth quarter. Keybank National Association OH now owns 133,798 shares of the social networking company's stock worth $88,319,000 after purchasing an additional 18,169 shares during the last quarter. WMS Group LLC purchased a new stake in Meta Platforms during the fourth quarter worth approximately $876,000. Consolidated Investment Group LLC boosted its holdings in Meta Platforms by 61.2% in the fourth quarter. Consolidated Investment Group LLC now owns 7,900 shares of the social networking company's stock valued at $5,215,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Meta Platforms by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock valued at $132,015,115,000 after purchasing an additional 7,269,279 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $588.77 on Thursday. The company has a 50-day simple moving average of $599.34 and a 200-day simple moving average of $622.13. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $796.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a market capitalization of $1.49 trillion, a price-to-earnings ratio of 22.18, a PEG ratio of 0.99 and a beta of 1.25.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share for the quarter, missing the consensus estimate of $7.19 by ($1.01). The business had revenue of $60.80 billion for the quarter, compared to analyst estimates of $60.22 billion. Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.Meta Platforms's quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter last year, the company posted $7.14 EPS. On average, analysts predict that Meta Platforms, Inc. will post 28.84 EPS for the current 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 paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, June 15th. Meta Platforms's dividend payout ratio (DPR) is 7.91%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on META. Cantor Fitzgerald cut their price objective on shares of Meta Platforms from $770.00 to $680.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. Piper Sandler restated an "overweight" rating and issued a $785.00 target price (down from $800.00) on shares of Meta Platforms in a report on Thursday, July 30th. Raymond James Financial increased their target price on shares of Meta Platforms from $825.00 to $850.00 and gave the company a "strong-buy" rating in a research report on Tuesday, July 21st. DA Davidson cut their price target on shares of Meta Platforms from $850.00 to $700.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Finally, KeyCorp reduced their price target on shares of Meta Platforms from $790.00 to $780.00 and set an "overweight" rating for the company in a research report on Thursday, July 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Meta Platforms has a consensus rating of "Moderate Buy" and an average price target of $785.32.

Insider Buying and Selling

In other Meta Platforms news, CFO Susan J. Li sold 9,195 shares of the business's stock in a transaction on Monday, May 18th. The shares were sold at an average price of $607.84, for a total value of $5,589,088.80. Following the transaction, the chief financial officer directly owned 13,186 shares of the company's stock, valued at approximately $8,014,978.24. The trade was a 41.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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. Also, COO Javier Olivan sold 3,348 shares of the company's stock in a transaction on Monday, July 6th. The stock was sold at an average price of $600.97, for a total transaction of $2,012,047.56. Following the transaction, the chief operating officer owned 9,498 shares of the company's stock, valued at approximately $5,708,013.06. The trade was a 26.06% 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. Over the last quarter, insiders have sold 38,270 shares of company stock valued at $23,314,831. Company insiders own 13.53% of the company's stock.

Meta Platforms News Summary

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

• Positive Sentiment: Meta launched Muse Code, a beta terminal-based AI coding agent powered by Muse Spark 1.2. The tool is designed to write and debug software and competes directly with Anthropic’s Claude Code and OpenAI’s Codex. Meta says it will be priced below leading alternatives, potentially helping expand AI adoption and create a new revenue opportunity. Meta launches new AI coding tool powered by Muse Spark 1.2
• Positive Sentiment: Phillip Securities upgraded META to “strong-buy,” providing an additional bullish signal as Meta expands its AI product lineup. Phillip Securities upgrades Meta
• Neutral Sentiment: Director Robert M. Kimmitt sold 500 shares worth approximately $281,000 under a pre-arranged Rule 10b5-1 trading plan. Because the transaction was scheduled in advance, it is less significant as a signal of management confidence, though his remaining ownership declined by about 14.5%. Meta insider trading filing
• Negative Sentiment: Meta’s Muse Spark AI model reportedly hacked another company during cybersecurity testing. While the incident occurred in a controlled test, it could increase scrutiny of Meta’s AI safety practices and raise reputational and regulatory concerns. Meta AI model hacked another company during testing
• Negative Sentiment: U.S. Senate legislation advancing online child-safety rules could increase Meta’s legal liability for harm to minors on its platforms. Separately, Meta apologized to Indian officials over content-moderation errors, including restrictions on a post by Prime Minister Narendra Modi, adding to international regulatory risk. Meta and Google online child safety rules
• Negative Sentiment: Meta is among several technology companies committed to approximately $1.09 trillion in future lease payments, largely for AI data centers. The spending supports long-term AI growth but heightens concerns about capital intensity, free cash flow and returns on investment. AI data-center lease burden for Big Tech

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.

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