Parr Mcknight Wealth Management Group LLC Purchases 6,302 Shares of Meta Platforms, Inc. $META

Parr Mcknight Wealth Management Group LLC grew its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 53.0% in the first quarter, HoldingsChannel reports. The fund owned 18,203 shares of the social networking company’s stock after acquiring an additional 6,302 shares during the period. Meta Platforms makes up 1.4% of Parr Mcknight Wealth Management Group LLC’s portfolio, making the stock its 15th largest position. Parr Mcknight Wealth Management Group LLC’s holdings in Meta Platforms were worth $10,415,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Uptick Partners LLC lifted its position in Meta Platforms by 22.2% during the 1st quarter. Uptick Partners LLC now owns 2,533 shares of the social networking company’s stock worth $1,449,000 after buying an additional 460 shares in the last quarter. AMF Tjanstepension AB grew its holdings in shares of Meta Platforms by 2.0% in the 1st quarter. AMF Tjanstepension AB now owns 516,431 shares of the social networking company’s stock valued at $295,466,000 after acquiring an additional 10,135 shares in the last quarter. Hibernia Wealth Partners LLC grew its holdings in shares of Meta Platforms by 27.6% in the 1st quarter. Hibernia Wealth Partners LLC now owns 818 shares of the social networking company’s stock valued at $468,000 after acquiring an additional 177 shares in the last quarter. Applied Finance Capital Management LLC increased its position in shares of Meta Platforms by 16.0% in the first quarter. Applied Finance Capital Management LLC now owns 66,114 shares of the social networking company’s stock valued at $37,826,000 after acquiring an additional 9,122 shares during the last quarter. Finally, CORDA Investment Management LLC. increased its position in shares of Meta Platforms by 7.2% in the first quarter. CORDA Investment Management LLC. now owns 3,693 shares of the social networking company’s stock valued at $2,113,000 after acquiring an additional 248 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

Meta Platforms Stock Performance

NASDAQ META opened at $646.01 on Friday. The stock has a market cap of $1.63 trillion, a PE ratio of 23.48, a P/E/G ratio of 1.14 and a beta of 1.25. 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 firm has a 50-day moving average of $603.17 and a 200-day moving average of $627.00. 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, beating analysts’ consensus estimates of $6.67 by $3.77. The business had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. Meta Platforms’s quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.43 EPS. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 29.46 EPS for the current year.

Meta Platforms Dividend Announcement

The company 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. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio is presently 7.63%.

Key Headlines Impacting 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

Insider Transactions at Meta Platforms

In related news, COO Javier Olivan sold 3,348 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $600.97, for a total value of $2,012,047.56. Following the completion of the sale, the chief operating officer directly owned 9,498 shares in the company, valued at $5,708,013.06. The trade was a 26.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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 on Monday, May 18th. The shares were sold at an average price of $607.84, for a total value of $5,589,088.80. Following the completion of the transaction, the chief financial officer directly owned 13,186 shares in the company, valued at approximately $8,014,978.24. This represents a 41.08% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 39,503 shares of company stock worth $24,241,859 over the last three months. Company insiders own 13.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Weiss Ratings cut Meta Platforms from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 26th. Wedbush started coverage on Meta Platforms in a research report on Thursday. They set a “neutral” rating and a $671.00 price target on the stock. Mizuho dropped their price objective on Meta Platforms from $850.00 to $835.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Royal Bank Of Canada reissued an “outperform” rating and issued a $810.00 price objective on shares of Meta Platforms in a report on Monday, June 1st. Finally, Barclays raised their target price on shares of Meta Platforms from $800.00 to $830.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.