Pinnacle Wealth Planning Services Inc. Has $6.38 Million Stake in Meta Platforms, Inc. $META

Key Points

• Pinnacle Wealth Planning Services Inc. increased its stake in Meta Platforms, Inc. by 5.4%, now holding 11,061 shares valued at approximately $6,375,000.
• Several hedge funds, including Csenge Advisory Group and Skye Global Management, have also increased their positions in Meta, reflecting a growing confidence in the company.
• Meta Platforms received several upgrades from analysts, with price targets increased, highlighting a strong outlook with a current average target of $822.41.

Pinnacle Wealth Planning Services Inc. grew its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 5.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,061 shares of the social networking company's stock after purchasing an additional 562 shares during the quarter. Meta Platforms comprises about 1.0% of Pinnacle Wealth Planning Services Inc.'s investment portfolio, making the stock its 14th largest position. Pinnacle Wealth Planning Services Inc.'s holdings in Meta Platforms were worth $6,375,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Tumwater Wealth Management LLC lifted its stake in shares of Meta Platforms by 13.9% during the first quarter. Tumwater Wealth Management LLC now owns 493 shares of the social networking company's stock valued at $284,000 after acquiring an additional 60 shares during the period. Activest Wealth Management lifted its stake in shares of Meta Platforms by 0.6% during the first quarter. Activest Wealth Management now owns 15,028 shares of the social networking company's stock valued at $8,662,000 after acquiring an additional 85 shares during the period. Aragon Global Management LP acquired a new position in shares of Meta Platforms during the first quarter valued at $9,559,000. Stony Point Capital LLC lifted its stake in shares of Meta Platforms by 73.0% during the first quarter. Stony Point Capital LLC now owns 67,206 shares of the social networking company's stock valued at $38,735,000 after acquiring an additional 28,367 shares during the period. Finally, Vident Advisory LLC lifted its stake in shares of Meta Platforms by 13.7% during the first quarter. Vident Advisory LLC now owns 228,085 shares of the social networking company's stock valued at $131,462,000 after acquiring an additional 27,513 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Activity at Meta Platforms

In other news, CEO Mark Zuckerberg sold 15,847 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $753.43, for a total value of $11,939,605.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher K. Cox sold 60,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total value of $46,557,000.00. Following the completion of the sale, the insider directly owned 237,205 shares of the company's stock, valued at approximately $184,059,219.75. The trade was a 20.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 313,803 shares of company stock valued at $235,398,025. Insiders own 13.61% of the company's stock.

Analyst Ratings Changes

META has been the topic of several research reports. Benchmark upped their price target on Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. KeyCorp upped their price objective on Meta Platforms from $800.00 to $905.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Needham & Company LLC upgraded Meta Platforms from an "underperform" rating to a "hold" rating in a report on Thursday, July 3rd. Piper Sandler upped their price objective on Meta Platforms from $808.00 to $880.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, Guggenheim reiterated a "buy" rating and issued a $800.00 price objective (up previously from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Three equities research 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 stock. Based on data from MarketBeat.com, Meta Platforms has a consensus rating of "Moderate Buy" and an average target price of $822.41.

Meta Platforms Stock Down 1.7%

Shares of NASDAQ:META traded down $12.41 during mid-day trading on Friday, reaching $738.70. 9,057,679 shares of the stock were exchanged, compared to its average volume of 10,275,794. 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 company has a market cap of $1.86 trillion, a P/E ratio of 26.75, a P/E/G ratio of 1.53 and a beta of 1.24. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The stock's 50 day simple moving average is $735.73 and its 200-day simple moving average is $657.95.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. The business had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms's quarterly revenue was up 21.6% on a year-over-year basis. During the same period last year, the company earned $5.16 earnings per share. 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 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.