Pathfinder Wealth Consulting Inc. Makes New $1.38 Million Investment in Meta Platforms, Inc. $META

Pathfinder Wealth Consulting Inc. acquired a new position in Meta Platforms, Inc. (NASDAQ:META) during the 4th quarter, HoldingsChannel reports. The fund acquired 2,087 shares of the social networking company’s stock, valued at approximately $1,378,000. Meta Platforms accounts for approximately 0.9% of Pathfinder Wealth Consulting Inc.’s holdings, making the stock its 29th biggest position.

Several other hedge funds have also bought and sold shares of the stock. Westchester Capital Management Inc. purchased a new position in shares of Meta Platforms during the 3rd quarter valued at approximately $26,000. Strategic Wealth Advisors LLC acquired a new position in Meta Platforms in the 4th quarter valued at $29,000. Key Capital Management INC purchased a new stake in Meta Platforms in the 4th quarter valued at $48,000. Entrust Financial LLC purchased a new stake in Meta Platforms in the 4th quarter valued at $48,000. Finally, Fairway Wealth LLC grew its holdings in Meta Platforms by 36.8% in the 4th quarter. Fairway Wealth LLC now owns 78 shares of the social networking company’s stock valued at $51,000 after buying an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Price Performance

META stock opened at $600.47 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35. The firm has a market capitalization of $1.52 trillion, a P/E ratio of 21.83, a P/E/G ratio of 1.12 and a beta of 1.23. The business’s 50-day moving average is $617.71 and its two-hundred day moving average is $636.73. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.67 by $3.77. The company had revenue of $56.31 billion for 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%.Meta Platforms’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same quarter last year, the company earned $6.43 EPS. Analysts anticipate that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be given a $0.525 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is currently 7.63%.

Insider Buying and Selling

In other Meta Platforms news, CTO Andrew Bosworth sold 7,847 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $607.83, for a total value of $4,769,642.01. Following the sale, the chief technology officer owned 414 shares of the company’s stock, valued at $251,641.62. This trade represents a 94.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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. Also, COO Javier Olivan sold 837 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $608.98, for a total value of $509,716.26. Following the completion of the sale, the chief operating officer directly owned 13,823 shares in the company, valued at $8,417,930.54. This represents a 5.71% 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 40,890 shares of company stock worth $25,315,558 over the last 90 days. 13.53% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on META shares. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $725.00 price target (down from $825.00) on shares of Meta Platforms in a report on Thursday, April 30th. TD Cowen lowered their price target on Meta Platforms from $820.00 to $800.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Morgan Stanley lowered their price target on Meta Platforms from $825.00 to $775.00 and set an “overweight” rating for the company in a report on Monday, March 30th. Wall Street Zen cut Meta Platforms from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Bank of America lowered their price target on Meta Platforms from $885.00 to $820.00 and set a “buy” rating for the company in a report on Monday, April 20th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus target price of $840.19.

More Meta Platforms News

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

• Positive Sentiment: Royal Bank of Canada reaffirmed its Outperform rating on Meta and set an $810 price target, signaling meaningful upside from current levels. Tickerreport.com
• Positive Sentiment: A new AI adoption study ranked Meta among the top S&P 500 companies for AI execution, reinforcing the view that its AI investments are becoming strategically important. CNBC
• Positive Sentiment: Bank of America reiterated a Buy rating and said Meta’s AI monetization and enterprise adoption could help offset concerns about rising spending. Yahoo Finance / Investing.com
• Positive Sentiment: Several outlets highlighted Meta as a top AI and virtual reality stock, adding to the longer-term bullish narrative around its product pipeline and AI push. Motley Fool

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.