Pinnacle Investment Management Ltd Cuts Stock Position in Meta Platforms, Inc. $META

Key Points

• Pinnacle Investment Management Ltd reduced its stake in Meta Platforms, Inc. by 98.9% during the first quarter, now holding only 500 shares, valued at approximately $288,000.
• Several institutional investors, including Inlight Wealth Management, have increased their stakes in Meta Platforms, suggesting a shift in investment interest among hedge funds.
• Meta Platforms announced a quarterly dividend of $0.525, with a dividend yield of 0.3%, expected to be paid on September 29th.

Pinnacle Investment Management Ltd lowered its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 98.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 500 shares of the social networking company's stock after selling 45,500 shares during the quarter. Meta Platforms accounts for 3.1% of Pinnacle Investment Management Ltd's portfolio, making the stock its 6th largest position. Pinnacle Investment Management Ltd's holdings in Meta Platforms were worth $288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in Meta Platforms by 67,172.9% in the first quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock worth $13,517,178,000 after purchasing an additional 23,417,803 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Meta Platforms by 2.3% during the 1st quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company's stock worth $10,184,163,000 after acquiring an additional 400,927 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Meta Platforms by 8.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company's stock worth $8,977,361,000 after acquiring an additional 1,255,546 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Meta Platforms by 4.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,543,468 shares of the social networking company's stock worth $7,229,553,000 after acquiring an additional 536,160 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Meta Platforms by 2.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,007,308 shares of the social networking company's stock worth $7,030,399,000 after acquiring an additional 280,357 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on META shares. KeyCorp lifted their price target on shares of Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. DA Davidson lifted their price target on shares of Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. BMO Capital Markets lifted their price target on shares of Meta Platforms from $610.00 to $710.00 and gave the stock a "market perform" rating in a research note on Thursday, July 31st. Scotiabank lifted their price target on shares of Meta Platforms from $675.00 to $685.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Finally, Roth Capital lifted their price target on shares of Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Meta Platforms currently has an average rating of "Moderate Buy" and a consensus target price of $822.41.

Insider Buying and Selling at Meta Platforms

In other news, CFO Susan J. Li sold 18,332 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $764.71, for a total value of $14,018,663.72. Following the sale, the chief financial officer directly owned 84,141 shares in the company, valued at $64,343,464.11. The trade was a 17.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Andrew Bosworth sold 11,694 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the completion of the sale, the chief technology officer owned 1,799 shares in the company, valued at approximately $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 283,280 shares of company stock valued at $214,119,908. Corporate insiders own 13.61% of the company's stock.

Meta Platforms Price Performance

NASDAQ META traded up $4.69 on Friday, reaching $755.59. The company had a trading volume of 8,240,448 shares, compared to its average volume of 9,776,048. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.90 trillion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. The firm's 50 day moving average price is $741.83 and its 200 day moving average price is $661.83. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly 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 company had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. Meta Platforms's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities analysts predict 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 will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be issued a $0.525 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms's payout ratio is 7.60%.

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.