Meta Platforms, Inc. $META is Pinnacle Investment Management Ltd's 2nd Largest Position

Pinnacle Investment Management Ltd increased its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 500.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,000 shares of the social networking company's stock after acquiring an additional 2,500 shares during the quarter. Meta Platforms comprises 12.8% of Pinnacle Investment Management Ltd's investment portfolio, making the stock its 2nd largest holding. Pinnacle Investment Management Ltd's holdings in Meta Platforms were worth $2,214,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Pachira Investments Inc. boosted its position in shares of Meta Platforms by 3.0% during the 2nd quarter. Pachira Investments Inc. now owns 488 shares of the social networking company's stock valued at $360,000 after acquiring an additional 14 shares during the last quarter. Shelton Wealth Management LLC lifted its position in Meta Platforms by 0.9% in the second quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company's stock valued at $1,302,000 after purchasing an additional 15 shares during the last quarter. Myecfo LLC raised its holdings in shares of Meta Platforms by 2.0% during the second quarter. Myecfo LLC now owns 776 shares of the social networking company's stock valued at $573,000 after acquiring an additional 15 shares in the last quarter. Kooman & Associates raised its holdings in shares of Meta Platforms by 2.8% during the second quarter. Kooman & Associates now owns 544 shares of the social networking company's stock valued at $402,000 after acquiring an additional 15 shares in the last quarter. Finally, Nabity Jensen Investment Management Inc grew its stake in Meta Platforms by 1.1% in the second quarter. Nabity Jensen Investment Management Inc now owns 1,378 shares of the social networking company's stock worth $1,017,000 after purchasing an additional 15 shares during the period. Hedge funds and other institutional investors own 79.91% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. HSBC raised Meta Platforms from a "hold" rating to a "buy" rating and increased their target price for the stock from $610.00 to $900.00 in a research note on Thursday, July 31st. Royal Bank Of Canada raised their price objective on Meta Platforms from $740.00 to $840.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Canaccord Genuity Group lifted their price objective on Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Needham & Company LLC upgraded Meta Platforms from an "underperform" rating to a "hold" rating in a report on Thursday, July 3rd. Finally, Roth Capital lifted their target price on Meta Platforms from $620.00 to $740.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $830.61.

Meta Platforms Price Performance

META stock opened at $717.84 on Thursday. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The business has a fifty day moving average of $753.89 and a two-hundred day moving average of $677.44. The stock has a market cap of $1.80 trillion, a price-to-earnings ratio of 25.99, a price-to-earnings-growth ratio of 1.49 and a beta of 1.20. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. The firm had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms's revenue was up 21.6% compared to the same quarter last year. During the same period last year, the business posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were given a dividend of $0.525 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms's payout ratio is presently 7.60%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $741.50, for a total value of $384,838.50. Following the completion of the transaction, the insider directly owned 29,832 shares of the company's stock, valued at $22,120,428. This represents a 1.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $352,223.55. Following the transaction, the director directly owned 8,412 shares in the company, valued at $6,371,837.64. The trade was a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 213,663 shares of company stock valued at $164,574,107 in the last quarter. 13.61% of the stock is currently owned by corporate insiders.

About Meta Platforms

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.

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