Buck Wealth Strategies LLC Has $2.31 Million Position in Meta Platforms, Inc. $META

Buck Wealth Strategies LLC raised its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 66.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,498 shares of the social networking company’s stock after purchasing an additional 1,392 shares during the quarter. Buck Wealth Strategies LLC’s holdings in Meta Platforms were worth $2,309,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Channel Wealth LLC raised its stake in Meta Platforms by 42.8% during the 4th quarter. Channel Wealth LLC now owns 8,020 shares of the social networking company’s stock valued at $5,294,000 after purchasing an additional 2,402 shares during the period. Capital City Trust Co. FL grew its holdings in shares of Meta Platforms by 2.6% during the 4th quarter. Capital City Trust Co. FL now owns 7,152 shares of the social networking company’s stock valued at $4,721,000 after acquiring an additional 179 shares in the last quarter. Lighthouse Financial Services Inc. ADV purchased a new position in shares of Meta Platforms during the 4th quarter valued at $3,026,000. Pearl Planning LLC purchased a new position in shares of Meta Platforms during the 4th quarter valued at $545,000. Finally, Indie Asset Partners LLC grew its holdings in shares of Meta Platforms by 10.2% during the 4th quarter. Indie Asset Partners LLC now owns 983 shares of the social networking company’s stock valued at $649,000 after acquiring an additional 91 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on META. Evercore boosted their price target on shares of Meta Platforms from $875.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Mizuho lowered their price target on shares of Meta Platforms from $850.00 to $835.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. TD Cowen lowered their price target on shares of Meta Platforms from $820.00 to $800.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. JPMorgan Chase & Co. restated 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. Finally, Wedbush boosted their price target on shares of Meta Platforms from $880.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Four investment 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $840.31.

More Meta Platforms News

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

• Positive Sentiment: Meta’s AI and advertising strategy still appears to be generating real business results, with one analysis pointing to strong ad impressions, higher ad prices, and continued revenue growth that could help justify its heavy capital spending. Meta’s Selloff Looks Like A Major Misread
• Positive Sentiment: Meta also announced new parental supervision tools across Facebook, Instagram, Messenger, and Horizon, which could support trust and platform engagement over time. Meta’s new tools allow parents to better supervise their kids’ social media accounts. Will they work?
• Positive Sentiment: Zefr said it is deepening its partnership with Meta by adding AI-powered pre-bid controls to Threads, a sign that advertisers continue building on Meta’s newer products. Zefr Deepens Meta Partnership, Bringing AI-Powered Pre-Bid Controls to Threads Feed
• Neutral Sentiment: Several hedge-fund filings showed mixed investor sentiment, with some managers adding to Meta while others trimmed stakes, offering no clear single-direction signal for the shares. Tiger Global boosts Meta Platforms stake by 336,249 shares
• Negative Sentiment: Meta is starting layoffs affecting about 8,000 employees, roughly 10% of its workforce, and expects the cuts to roll out in waves this week and possibly continue later in the year. Meta layoffs starting this week stress harsh AI reality inside Zuckerberg’s company
• Negative Sentiment: Reports that Meta is reorganizing 7,000 employees toward AI and telling workers to stay remote during the layoff process reinforce fears that rising AI investment is creating pressure on headcount and margins. Meta Reassigns 7,000 Employees to Focus on A.I.
• Negative Sentiment: Commentary around Meta’s “brutal” AI spending and large-scale job cuts is fueling concern that capital expenditures are getting too large before investors see enough return. Meta’s 8,000 Job Cuts To Foot The $145B AI Bill

Insider Buying and Selling at Meta Platforms

In related news, COO Javier Olivan sold 926 shares of Meta Platforms stock in a transaction on Monday, May 11th. The shares were sold at an average price of $604.57, for a total value of $559,831.82. Following the completion of the sale, the chief operating officer owned 6,853 shares of the company’s stock, valued at approximately $4,143,118.21. The trade was a 11.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 580 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $667.00, for a total transaction of $386,860.00. Following the sale, the director owned 3,847 shares of the company’s stock, valued at $2,565,949. This trade represents a 13.10% 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. In the last ninety days, insiders sold 158,971 shares of company stock valued at $101,676,729. 13.53% of the stock is owned by company insiders.

Meta Platforms Stock Down 0.5%

META stock opened at $611.21 on Tuesday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25. The company has a fifty day simple moving average of $621.20 and a 200 day simple moving average of $638.95. The firm has a market cap of $1.55 trillion, a PE ratio of 22.22, a PEG ratio of 1.08 and a beta of 1.25.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.67 by $3.77. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The business had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. During the same quarter in the previous year, the business earned $6.43 EPS. Meta Platforms’s quarterly revenue was up 33.1% compared to the same quarter last year. Sell-side analysts anticipate that Meta Platforms, Inc. will post 29.65 EPS for the current fiscal year.

Meta Platforms 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.