Pines Wealth Management LLC Has $2.58 Million Stake in Meta Platforms, Inc. $META

Key Points

• Pines Wealth Management LLC increased its stake in Meta Platforms, acquiring an additional 357 shares during Q2, raising its total ownership to 3,589 shares, valued at approximately $2.58 million.
• Meta Platforms reported a strong earnings performance, with an EPS of $7.14 for the quarter, exceeding expectations of $5.75, alongside $47.52 billion in revenue.
• The company has announced a quarterly dividend of $0.525, which will be paid on September 29, representing an annual yield of 0.3%.

Pines Wealth Management LLC raised its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 11.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,589 shares of the social networking company's stock after acquiring an additional 357 shares during the period. Meta Platforms accounts for about 0.9% of Pines Wealth Management LLC's investment portfolio, making the stock its 24th biggest holding. Pines Wealth Management LLC's holdings in Meta Platforms were worth $2,581,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of META. GAMMA Investing LLC lifted its stake 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 valued at $13,517,178,000 after acquiring an additional 23,417,803 shares during the last quarter. Invesco Ltd. raised its position in Meta Platforms by 2.3% in the first quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company's stock valued at $10,184,163,000 after purchasing an additional 400,927 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in 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 purchasing an additional 1,255,546 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position 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 valued at $7,229,553,000 after purchasing an additional 536,160 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in Meta Platforms by 2.5% in the first quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company's stock worth $5,787,329,000 after purchasing an additional 247,850 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on META shares. Bank of America lifted their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Sanford C. Bernstein boosted their target price on Meta Platforms from $775.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Guggenheim restated a "buy" rating and issued a $800.00 target price (up previously from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. UBS Group upped their price target on Meta Platforms from $812.00 to $897.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. upped their price target on shares of Meta Platforms from $795.00 to $875.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $826.05.

Insiders Place Their Bets

In other news, COO Javier Olivan sold 517 shares of the firm's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $391,611.99. Following the transaction, the chief operating officer directly owned 11,060 shares of the company's stock, valued at approximately $8,377,618.20. This trade represents a 4.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $767.16, for a total transaction of $398,156.04. Following the sale, the insider owned 30,870 shares in the company, valued at approximately $23,682,229.20. This represents a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 257,922 shares of company stock valued at $196,412,792 over the last three months. Company insiders own 13.61% of the company's stock.

Meta Platforms Trading Down 0.2%

Meta Platforms stock traded down $1.87 during trading on Friday, hitting $778.38. The company's stock had a trading volume of 22,494,703 shares, compared to its average volume of 9,174,566. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The stock has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 28.18, a P/E/G ratio of 1.63 and a beta of 1.24. The stock's fifty day moving average is $747.06 and its 200 day moving average is $665.93.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping the consensus estimate of $5.75 by $1.39. The firm had revenue of $47.52 billion for 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 for the quarter was up 21.6% on a year-over-year basis. During the same period in the previous year, the company posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 22nd will be issued a $0.525 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is currently 7.60%.

Meta Platforms Company Profile

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.