White Knight Strategic Wealth Advisors LLC Raises Position in Meta Platforms, Inc. $META

White Knight Strategic Wealth Advisors LLC increased its stake in Meta Platforms, Inc. (NASDAQ:META) by 305.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,867 shares of the social networking company’s stock after purchasing an additional 1,406 shares during the quarter. Meta Platforms makes up approximately 0.9% of White Knight Strategic Wealth Advisors LLC’s portfolio, making the stock its 26th biggest holding. White Knight Strategic Wealth Advisors LLC’s holdings in Meta Platforms were worth $1,232,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of META. Kinloch Capital LLC increased its position in Meta Platforms by 15.2% in the fourth quarter. Kinloch Capital LLC now owns 416 shares of the social networking company’s stock worth $275,000 after buying an additional 55 shares during the last quarter. Waterford Advisors LLC lifted its position in shares of Meta Platforms by 13.7% during the 4th quarter. Waterford Advisors LLC now owns 522 shares of the social networking company’s stock valued at $345,000 after buying an additional 63 shares during the last quarter. Talisman Wealth Advisors LLC lifted its position in shares of Meta Platforms by 1.7% during the 4th quarter. Talisman Wealth Advisors LLC now owns 1,292 shares of the social networking company’s stock valued at $854,000 after buying an additional 22 shares during the last quarter. Wick Capital Partners LLC grew its stake in shares of Meta Platforms by 774.0% during the 4th quarter. Wick Capital Partners LLC now owns 20,076 shares of the social networking company’s stock worth $13,252,000 after acquiring an additional 17,779 shares during the period. Finally, Mcguire Capital Advisors Inc. bought a new position in shares of Meta Platforms during the 4th quarter worth $3,045,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group cut Meta Platforms from a “buy” rating to a “sell” rating in a research note on Tuesday, June 2nd. Wedbush upgraded shares of Meta Platforms from an “outperform” rating to a “neutral” rating in a research report on Tuesday, June 2nd. Citizens Jmp reiterated a “market outperform” rating and issued a $900.00 target price on shares of Meta Platforms in a research note on Tuesday, April 21st. Stifel Nicolaus lowered their price target on shares of Meta Platforms from $805.00 to $780.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Finally, Benchmark assumed coverage on shares of Meta Platforms in a research report on Tuesday, June 2nd. They issued a “buy” rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average target price of $840.60.

Insider Activity

In related news, COO Javier Olivan sold 2,778 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $629.45, for a total transaction of $1,748,612.10. Following the completion of the transaction, the chief operating officer owned 10,557 shares of the company’s stock, valued at approximately $6,645,103.65. The trade was a 20.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,847 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the sale, the chief technology officer directly owned 414 shares in the company, valued at $251,641.62. This trade represents a 94.99% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 40,568 shares of company stock valued at $25,057,365 over the last ninety days. 13.53% of the stock is owned by insiders.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Meta is expanding its AI infrastructure by signing new computing deals with Crusoe, which should help support its long-term AI buildout and capacity needs. Reuters: Meta signs new AI computing deals with data center firm Crusoe
• Positive Sentiment: Meta continues to strengthen its AI-led growth narrative through data center expansion in India and new creator-focused AI tools on Facebook, both of which could improve engagement and future monetization. Insider Monkey: Meta rolls out new AI features on Facebook for content creators
• Positive Sentiment: Threads has reached 500 million monthly active users, and Meta is adding new community and feed features, reinforcing the company’s platform growth beyond Facebook and Instagram. Yahoo Finance: Meta reaches 500 million Threads users
• Neutral Sentiment: Meta’s COO Javier Olivan disclosed another pre-planned stock sale, which is notable but not necessarily a fundamental signal since it was executed under a 10b5-1 plan. InsiderTrades: Meta COO sells stock
• Neutral Sentiment: Meta’s dividend and long-term shareholder-return profile are supportive, but this is unlikely to be the main short-term stock driver. Finbold: Meta to pay dividends next week
• Negative Sentiment: Reuters reported that Meta is lobbying Congress for legal protection from child-harm lawsuits, keeping regulatory and litigation risk in focus for investors. Reuters: Meta lobbies Congress for protection from child-harm lawsuits
• Negative Sentiment: Concerns around AI execution also weighed on sentiment after Reuters said a key executive overseeing Meta’s “AI for work” transformation is leaving the company. Reuters: Meta head of product for AI for work transformation is leaving company
• Negative Sentiment: Meta was also hit by reports that attackers exploited its AI customer support chatbot to compromise Instagram accounts, raising trust and security concerns around its AI tools. Yahoo Finance: Meta faces AI support breach as key internal AI executive exits

Meta Platforms Stock Performance

NASDAQ:META opened at $577.22 on Friday. The business’s fifty day moving average is $621.98 and its 200 day moving average is $634.55. The firm has a market cap of $1.46 trillion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.01 and a beta of 1.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $796.25.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, topping the consensus estimate of $6.67 by $3.77. The business had revenue of $56.31 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company earned $6.43 EPS. Research analysts predict that Meta Platforms, Inc. will post 29.35 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 15th will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, June 15th. Meta Platforms’s dividend payout ratio is presently 7.63%.

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.