Prevail Innovative Wealth Advisors LLC Raises Position in Meta Platforms, Inc. $META

Key Points

• Prevail Innovative Wealth Advisors LLC boosted its Meta Platforms stake by 140% in the fourth quarter, buying 6,179 additional shares and bringing its total to 10,594 shares worth about $6.99 million.
• Meta reported strong recent earnings, with quarterly EPS of $10.44 versus analyst estimates of $6.67 and revenue of $56.31 billion, up 33.1% year over year.
• The company is expanding its monetization options with a new quarterly dividend and paid subscription plans across its apps and Meta AI, while analysts maintain a Moderate Buy consensus despite some insider selling and regulatory concerns.

Prevail Innovative Wealth Advisors LLC raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 140.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,594 shares of the social networking company's stock after purchasing an additional 6,179 shares during the period. Meta Platforms accounts for about 1.3% of Prevail Innovative Wealth Advisors LLC's investment portfolio, making the stock its 14th biggest holding. Prevail Innovative Wealth Advisors LLC's holdings in Meta Platforms were worth $6,993,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of META. Ashton Thomas Private Wealth LLC raised its position in shares of Meta Platforms by 34.2% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 52,252 shares of the social networking company's stock valued at $38,373,000 after purchasing an additional 13,311 shares during the period. Keybank National Association OH raised its position in shares of Meta Platforms by 15.7% during the 4th quarter. Keybank National Association OH now owns 133,798 shares of the social networking company's stock valued at $88,319,000 after purchasing an additional 18,169 shares during the period. Becker Capital Management Inc. raised its position in shares of Meta Platforms by 5.0% during the 3rd quarter. Becker Capital Management Inc. now owns 35,052 shares of the social networking company's stock valued at $25,741,000 after purchasing an additional 1,657 shares during the period. Diversified Trust Co. raised its position in shares of Meta Platforms by 4.1% during the 4th quarter. Diversified Trust Co. now owns 84,059 shares of the social networking company's stock valued at $55,487,000 after purchasing an additional 3,336 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC raised its position in shares of Meta Platforms by 16.2% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 6,933 shares of the social networking company's stock valued at $5,091,000 after purchasing an additional 968 shares during the period. Institutional investors own 79.91% of the company's stock.

Insider Transactions at Meta Platforms

In other news, insider Curtis J. Mahoney sold 2,079 shares of the company's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the sale, the insider directly owned 1,118 shares of the company's stock, valued at $681,890.56. This represents a 65.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan J. Li sold 9,195 shares of the company's stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $607.84, for a total value of $5,589,088.80. Following the sale, the chief financial officer directly owned 13,186 shares in the company, valued at $8,014,978.24. This trade represents a 41.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 42,445 shares of company stock valued at $26,306,420 over the last 90 days. Insiders own 13.53% of the company's stock.

Meta Platforms Stock Performance

META opened at $632.51 on Friday. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $796.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. The company has a fifty day moving average of $617.84 and a 200 day moving average of $636.88. The stock has a market capitalization of $1.60 trillion, a price-to-earnings ratio of 22.99, a PEG ratio of 1.12 and a beta of 1.25.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, topping analysts' consensus estimates of $6.67 by $3.77. The company had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The firm's revenue for the quarter was up 33.1% on a year-over-year basis. During the same period in the previous year, the business earned $6.43 earnings per share. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, June 15th. Meta Platforms's dividend payout ratio is 7.63%.

Key Headlines Impacting Meta Platforms

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

• Positive Sentiment: Meta launched paid subscription plans across its flagship apps and Meta AI, opening a new monetization path that could reduce reliance on ad revenue. Mark Zuckerberg says a Meta cloud computing business 'definitely on the table'
• Positive Sentiment: Analysts and market commentators are pointing to the subscription push as a meaningful upside driver, with some estimating it could add billions in annual revenue if adoption is strong. Meta's Subscription Push Could Add $13.5 Billion By 2028 Across Instagram, Facebook, WhatsApp
• Neutral Sentiment: Meta also said it may eventually use excess AI/data-center capacity for a cloud business, which adds long-term optionality but is still early-stage. Mark Zuckerberg says a Meta cloud computing business 'definitely on the table'
• Neutral Sentiment: The company declared a quarterly dividend, which is modest but reinforces capital-return strength. Meta Announces Quarterly Cash Dividend
• Negative Sentiment: Reuters reported Meta’s employee mouse-click tracking tool for AI training may run into EU privacy concerns, creating regulatory risk around data collection and cross-border use. Exclusive: Meta tool to track employee mouse clicks on collision course with EU privacy rules
• Negative Sentiment: Recent commentary from Jim Cramer and disclosures of insider selling add some caution around execution and valuation. Jim Cramer Says Meta “Has Not Excelled in a Visible Way”

Analyst Upgrades and Downgrades

Several brokerages have recently commented on META. JPMorgan Chase & Co. restated a "neutral" rating and issued a $725.00 price objective (down from $825.00) on shares of Meta Platforms in a research report on Thursday, April 30th. Roth Mkm restated a "buy" rating on shares of Meta Platforms in a research report on Thursday, April 30th. Citizens Jmp restated a "market outperform" rating and issued a $900.00 price objective on shares of Meta Platforms in a research report on Tuesday, April 21st. Guggenheim lowered their price objective on Meta Platforms from $850.00 to $800.00 and set a "buy" rating on the stock in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $810.00 price objective on shares of Meta Platforms in a report on Thursday, April 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $840.19.

About Meta Platforms

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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