Pittenger & Anderson Inc. Has $31.22 Million Position in Meta Platforms, Inc. $META

Key Points

• Pittenger & Anderson Inc. increased its Meta Platforms stake by 4.6% in the first quarter, now holding 54,573 shares valued at about $31.22 million. Meta is 1.2% of the firm’s portfolio and its 19th largest holding.
• Meta posted strong latest-quarter results, with EPS of $10.44 topping estimates and revenue of $56.31 billion, up 33.1% year over year. Analysts expect the company to continue delivering robust earnings growth.
• Recent commentary on Meta is mixed but generally constructive: analysts maintain a Moderate Buy rating on average, while insiders have sold shares recently and the stock has also drawn attention for AI expansion plans and some legal/employee-related scrutiny.

Pittenger & Anderson Inc. raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,573 shares of the social networking company's stock after acquiring an additional 2,396 shares during the quarter. Meta Platforms makes up 1.2% of Pittenger & Anderson Inc.'s portfolio, making the stock its 19th largest holding. Pittenger & Anderson Inc.'s holdings in Meta Platforms were worth $31,223,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in META. RHL Group LLC acquired a new position in Meta Platforms in the fourth quarter valued at about $28,000. Strategic Wealth Advisors LLC bought a new position in shares of Meta Platforms in the fourth quarter valued at approximately $29,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Meta Platforms in the 4th quarter worth approximately $42,000. Bayban grew its position in Meta Platforms by 100.0% during the 1st quarter. Bayban now owns 70 shares of the social networking company's stock worth $40,000 after acquiring an additional 35 shares during the last quarter. Finally, Key Capital Management INC bought a new position in Meta Platforms in the 4th quarter valued at $48,000. Institutional investors own 79.91% of the company's stock.

Insider Buying and Selling

In other Meta Platforms news, insider Curtis J. Mahoney sold 2,079 shares of Meta Platforms stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the completion of the sale, the insider owned 1,118 shares of the company's stock, valued at approximately $681,890.56. The trade was a 65.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 500 shares of the company's stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $607.75, for a total transaction of $303,875.00. Following the sale, the director owned 3,443 shares of the company's stock, valued at $2,092,483.25. The trade was a 12.68% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 39,503 shares of company stock valued at $24,241,859 over the last ninety days. Insiders own 13.53% of the company's stock.

Trending Headlines about Meta Platforms

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Meta is reportedly in early talks to lease computing power to Anthropic in a potential deal worth up to $10 billion. Investors view that as a possible new revenue stream that would help Meta monetize its AI infrastructure and validate demand for its computing capacity. Article Title
• Positive Sentiment: Meta also unveiled its newest AI model, Muse Spark 1.1, and the company is reportedly considering a broader cloud push. Together, those moves reinforce the idea that Meta can turn heavy AI spending into products and services that generate returns. Article Title
• Positive Sentiment: Analysts remain constructive on Meta’s earnings outlook, with Erste Group raising its FY2027 EPS estimate and maintaining a Buy rating. That adds to the bullish case heading into the next earnings report. Article Title
• Neutral Sentiment: A federal judge declined to block Meta from laying off workers who filed an AI discrimination lawsuit. The ruling removes an immediate legal obstacle, but the underlying claims over alleged bias in AI-driven job cuts still create headline risk. Article Title
• Negative Sentiment: Meta is also facing scrutiny from employees over AI-assisted layoffs, with allegations that its tools discriminated against protected groups. That could keep legal and reputational pressure on the stock. Article Title

Meta Platforms Price Performance

Meta Platforms stock opened at $646.01 on Friday. The business's 50-day simple moving average is $603.17 and its 200 day simple moving average is $627.00. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.63 trillion, a price-to-earnings ratio of 23.48, a P/E/G ratio of 1.17 and a beta of 1.25. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping the consensus estimate of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The firm had revenue of $56.31 billion during the quarter, compared to analysts' expectations of $55.56 billion. During the same period in the previous year, the business posted $6.43 EPS. The company's quarterly revenue was up 33.1% compared to the same quarter last year. As a group, research analysts anticipate that Meta Platforms, Inc. will post 29.42 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, June 15th. Meta Platforms's payout ratio is 7.63%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on META shares. Raymond James Financial upgraded Meta Platforms from an "underperform" rating to an "outperform" rating in a report on Tuesday, June 2nd. Weiss Ratings downgraded shares of Meta Platforms from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, June 26th. Sanford C. Bernstein lowered their price objective on shares of Meta Platforms from $900.00 to $850.00 and set an "outperform" rating for the company in a research report on Thursday, April 30th. Susquehanna raised shares of Meta Platforms from a "positive" rating to a "positive" rating in a research note on Tuesday, June 2nd. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $810.00 target price on shares of Meta Platforms in a research report on Monday, June 1st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $830.45.

Meta Platforms Company Profile

Meta Platforms, Inc NASDAQ: META, formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta's core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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