Gibbs Wealth Management Purchases 10,784 Shares of Meta Platforms, Inc. $META

Gibbs Wealth Management raised its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 296.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,424 shares of the social networking company’s stock after purchasing an additional 10,784 shares during the period. Meta Platforms makes up approximately 1.1% of Gibbs Wealth Management’s holdings, making the stock its 19th largest holding. Gibbs Wealth Management’s holdings in Meta Platforms were worth $8,252,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC grew its position in Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock valued at $20,230,000 after acquiring an additional 570 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after acquiring an additional 875 shares in the last quarter. Headwater Capital Co Ltd lifted its holdings in shares of Meta Platforms by 294.7% in the 1st quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company’s stock worth $86,454,000 after acquiring an additional 112,000 shares during the last quarter. Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in shares of Meta Platforms in the 2nd quarter valued at $213,000. Finally, Capital & Planning LLC purchased a new stake in shares of Meta Platforms in the 2nd quarter valued at $322,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Bank of America decreased their target price on shares of Meta Platforms from $885.00 to $820.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. JPMorgan Chase & Co. restated a “neutral” rating and set a $725.00 target price (down from $825.00) on shares of Meta Platforms in a report on Thursday, April 30th. Citigroup restated a “strong-buy” rating on shares of Meta Platforms in a research report on Tuesday, July 21st. TD Cowen decreased their price target on Meta Platforms from $820.00 to $800.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Finally, Wolfe Research lowered their price target on shares of Meta Platforms from $850.00 to $800.00 and set an “outperform” rating for the company in a report on Friday, April 10th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $835.64.

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $593.87 on Tuesday. 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 company has a market cap of $1.50 trillion, a PE ratio of 21.59, a P/E/G ratio of 1.01 and a beta of 1.25. The business has a 50 day moving average of $604.17 and a 200 day moving average of $625.06. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $796.25.

Meta Platforms (NASDAQ:META) last announced its quarterly 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 during the quarter, compared to analyst estimates 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 was up 33.1% on a year-over-year basis. During the same quarter last year, the firm posted $6.43 earnings per share. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 29.49 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 15th. Meta Platforms’s dividend payout ratio (DPR) is currently 7.63%.

Key Meta Platforms News

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

• Positive Sentiment: Analysts and investors see Meta as attractively valued ahead of Wednesday’s earnings, with estimates suggesting its forward earnings multiple is below historical norms and the broader market. Meta’s record of 13 consecutive earnings beats raises the possibility of another upside surprise. Meta Platforms: Time To Be Greedy
• Positive Sentiment: Revenue growth is expected to benefit from user expansion, higher advertising prices and increased ad volume. Meta is also expanding Meta AI by placing its chatbot in Threads direct messages, potentially increasing engagement and creating additional monetization opportunities over time. Threads users can now chat with Meta AI in their DMs
• Positive Sentiment: Supporters argue Meta can absorb elevated capital expenditures, including as much as $145 billion in 2026 AI spending, because of its strong cash generation and advertising business. Its AI infrastructure plans could also create opportunities to sell excess computing capacity at premium prices. Meta Can Absorb Capex Trouble
• Neutral Sentiment: Meta reports results after the market closes Wednesday, and options traders are pricing a sizable post-earnings move. The report, guidance and commentary on AI returns and spending will likely determine the stock’s near-term direction. Meta Reports Earnings Wednesday
• Negative Sentiment: Concerns about rising costs, heavy capital expenditures and uncertain returns on AI investments are weighing on sentiment. The broader technology sector has recently seen investors sell or fail to reward stocks even after strong earnings, contributing to Meta’s recent decline. Meta Q2 Earnings Loom
• Negative Sentiment: Meta faces ongoing legal and reputational risks. Tennessee attorneys allege that company leadership ignored internal research about Instagram’s effects on teenagers, while a separate lawsuit alleges failures to prevent abuse on Meta’s platforms. Adverse rulings or regulatory action could increase costs and constrain product practices. Meta disregarded its own research on teen harm

Insider Activity

In related news, insider Curtis J. Mahoney sold 2,079 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 1,118 shares in the company, valued at $681,890.56. The trade was a 65.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 500 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $607.75, for a total transaction of $303,875.00. Following the completion of the transaction, the director directly owned 3,443 shares of the company’s stock, valued at approximately $2,092,483.25. The trade was a 12.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 36,393 shares of company stock valued at $22,141,163. Corporate insiders own 13.53% of the company’s stock.

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.