Meta Platforms, Inc. $META Stake Boosted by PKS Advisory Services LLC

Key Points

• PKS Advisory Services LLC increased its stake in Meta Platforms, Inc. by 118.9%, now holding 4,190 shares valued at approximately $2.4 million, making it the fund's 29th largest holding.
• Meta's quarterly earnings outperformed expectations, reporting $7.14 EPS on $47.52 billion in revenue, which is a 21.6% increase compared to the same quarter last year.
• Analyst ratings for Meta are optimistic, with multiple firms raising their price targets significantly, leading to a consensus rating of "Moderate Buy" and a target price of $822.41.

PKS Advisory Services LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 118.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,190 shares of the social networking company's stock after purchasing an additional 2,276 shares during the quarter. Meta Platforms accounts for about 0.7% of PKS Advisory Services LLC's investment portfolio, making the stock its 29th largest holding. PKS Advisory Services LLC's holdings in Meta Platforms were worth $2,417,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in META. Brighton Jones LLC lifted its stake in Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after buying an additional 570 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after buying an additional 875 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in Meta Platforms by 3.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,459 shares of the social networking company's stock valued at $129,666,000 after buying an additional 7,587 shares during the last quarter. Highview Capital Management LLC DE lifted its stake in Meta Platforms by 3.7% in the fourth quarter. Highview Capital Management LLC DE now owns 6,189 shares of the social networking company's stock valued at $3,624,000 after buying an additional 218 shares during the last quarter. Finally, Benchstone Capital Management LP bought a new stake in Meta Platforms in the fourth quarter valued at $23,749,000. 79.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on META shares. BMO Capital Markets lifted their price objective on shares of Meta Platforms from $610.00 to $710.00 and gave the company a "market perform" rating in a research note on Thursday, July 31st. Robert W. Baird lifted their price objective on shares of Meta Platforms from $635.00 to $740.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. DA Davidson lifted their price objective on shares of Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Sanford C. Bernstein lifted their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Stifel Nicolaus lifted their target price on Meta Platforms from $845.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Three 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. According to data from MarketBeat.com, Meta Platforms currently has a consensus rating of "Moderate Buy" and a consensus target price of $822.41.

Meta Platforms Trading Down 0.2%

Shares of META opened at $753.30 on Tuesday. The business's 50-day moving average price is $731.33 and its 200 day moving average price is $657.25. The stock has a market capitalization of $1.89 trillion, a P/E ratio of 27.27, a P/E/G ratio of 1.56 and a beta of 1.27. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15.

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

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, June 16th were given a dividend of $0.525 per share. The ex-dividend date was Monday, June 16th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is presently 7.60%.

Insider Activity

In other Meta Platforms news, Director Robert M. Kimmitt sold 465 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $784.32, for a total transaction of $364,708.80. Following the completion of the sale, the director directly owned 8,877 shares in the company, valued at approximately $6,962,408.64. This trade represents a 4.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $402,225.00. Following the sale, the insider owned 32,946 shares of the company's stock, valued at approximately $25,533,150. This represents a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 312,767 shares of company stock worth $234,618,139. Corporate insiders own 13.61% of the company's stock.

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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