Pekin Hardy Strauss Inc. Has $1.02 Million Stock Holdings in Meta Platforms, Inc. $META

Pekin Hardy Strauss Inc. trimmed its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 43.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,379 shares of the social networking company’s stock after selling 1,060 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Meta Platforms were worth $1,018,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of META. Evergreen Private Wealth LLC raised its holdings in Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after acquiring an additional 38 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Meta Platforms in the first quarter valued at approximately $33,000. Briaud Financial Planning Inc bought a new position in shares of Meta Platforms during the second quarter worth approximately $42,000. WFA Asset Management Corp lifted its holdings in Meta Platforms by 42.6% during the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock worth $49,000 after purchasing an additional 20 shares during the last quarter. Finally, Maseco LLP bought a new stake in Meta Platforms in the 2nd quarter valued at $54,000. 79.91% of the stock is owned by institutional investors.

Insider Activity

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $631.00, for a total transaction of $326,227.00. Following the sale, the chief operating officer owned 6,924 shares of the company’s stock, valued at approximately $4,369,044. The trade was a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the company’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total transaction of $333,391.05. Following the transaction, the director owned 7,947 shares of the company’s stock, valued at $5,697,760.59. This trade represents a 5.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 13,359 shares of company stock worth $9,689,566. Corporate insiders own 13.61% of the company’s stock.

Meta Platforms Stock Down 1.2%

NASDAQ META opened at $602.01 on Tuesday. The business has a fifty day moving average price of $710.72 and a two-hundred day moving average price of $706.49. The stock has a market capitalization of $1.52 trillion, a PE ratio of 26.59, a PEG ratio of 1.35 and a beta of 1.20. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.74 by $0.51. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The company had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. During the same quarter last year, the company posted $6.03 EPS. The company’s revenue for the quarter was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. Equities analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s payout ratio is presently 9.28%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on META shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Meta Platforms in a research report on Thursday. Truist Financial dropped their price objective on shares of Meta Platforms from $900.00 to $875.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. JMP Securities increased their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 31st. Oppenheimer cut shares of Meta Platforms from an “outperform” rating to a “market perform” rating in a report on Thursday, October 30th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $900.00 price target on shares of Meta Platforms in a research note on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $827.60.

About Meta Platforms

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.