Prevail Innovative Wealth Advisors LLC Grows Stake in Meta Platforms, Inc. $META

Prevail Innovative Wealth Advisors LLC increased its stake in Meta Platforms, Inc. (NASDAQ:META) by 140.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,594 shares of the social networking company’s stock after acquiring an additional 6,179 shares during the period. Meta Platforms makes up approximately 1.3% of Prevail Innovative Wealth Advisors LLC’s investment portfolio, making the stock its 14th biggest position. Prevail Innovative Wealth Advisors LLC’s holdings in Meta Platforms were worth $6,993,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Griffin Asset Management Inc. increased its position in shares of Meta Platforms by 23.8% during the 4th quarter. Griffin Asset Management Inc. now owns 8,994 shares of the social networking company’s stock valued at $5,937,000 after purchasing an additional 1,731 shares during the last quarter. Flaharty Asset Management LLC increased its position in shares of Meta Platforms by 48.7% during the 4th quarter. Flaharty Asset Management LLC now owns 684 shares of the social networking company’s stock valued at $452,000 after purchasing an additional 224 shares during the last quarter. Taylor Financial Group Inc. increased its position in shares of Meta Platforms by 30.7% during the 4th quarter. Taylor Financial Group Inc. now owns 703 shares of the social networking company’s stock valued at $464,000 after purchasing an additional 165 shares during the last quarter. Fi3 FINANCIAL ADVISORS LLC raised its stake in shares of Meta Platforms by 12.0% in the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 3,747 shares of the social networking company’s stock valued at $2,473,000 after acquiring an additional 402 shares during the period. Finally, Aspen Investment Management Inc raised its stake in shares of Meta Platforms by 142.7% in the fourth quarter. Aspen Investment Management Inc now owns 1,046 shares of the social networking company’s stock valued at $690,000 after acquiring an additional 615 shares during the period. Institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on META shares. Rosenblatt Securities reissued a “buy” rating and issued a $1,015.00 target price on shares of Meta Platforms in a research note on Thursday. Tigress Financial increased their target price on shares of Meta Platforms from $935.00 to $945.00 and gave the company a “strong-buy” rating in a research note on Wednesday, March 18th. Royal Bank Of Canada reissued an “outperform” rating and issued a $810.00 price objective on shares of Meta Platforms in a research note on Thursday, April 30th. Piper Sandler reissued an “overweight” rating and issued a $800.00 price objective (down from $880.00) on shares of Meta Platforms in a research note on Thursday, April 30th. Finally, Bank of America decreased their price objective on shares of Meta Platforms from $885.00 to $820.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Four investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $840.19.

Meta Platforms Stock Down 0.4%

NASDAQ:META opened at $632.51 on Friday. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $796.25. The company has a 50-day moving average of $617.84 and a 200 day moving average of $636.88. The firm has a market cap of $1.60 trillion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 1.12 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping analysts’ consensus estimates of $6.67 by $3.77. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The company had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. During the same period in the prior year, the firm earned $6.43 earnings per share. The firm’s revenue for the quarter was up 33.1% compared to the same quarter last year. As a group, research analysts anticipate that Meta Platforms, Inc. will post 29.35 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

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

More Meta Platforms News

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

• Positive Sentiment: Meta launched paid subscription plans across its flagship apps and Meta AI, opening a new monetization path that could reduce reliance on ad revenue. Mark Zuckerberg says a Meta cloud computing business ‘definitely on the table’
• Positive Sentiment: Analysts and market commentators are pointing to the subscription push as a meaningful upside driver, with some estimating it could add billions in annual revenue if adoption is strong. Meta’s Subscription Push Could Add $13.5 Billion By 2028 Across Instagram, Facebook, WhatsApp
• Neutral Sentiment: Meta also said it may eventually use excess AI/data-center capacity for a cloud business, which adds long-term optionality but is still early-stage. Mark Zuckerberg says a Meta cloud computing business ‘definitely on the table’
• Neutral Sentiment: The company declared a quarterly dividend, which is modest but reinforces capital-return strength. Meta Announces Quarterly Cash Dividend
• Negative Sentiment: Reuters reported Meta’s employee mouse-click tracking tool for AI training may run into EU privacy concerns, creating regulatory risk around data collection and cross-border use. Exclusive: Meta tool to track employee mouse clicks on collision course with EU privacy rules
• Negative Sentiment: Recent commentary from Jim Cramer and disclosures of insider selling add some caution around execution and valuation. Jim Cramer Says Meta “Has Not Excelled in a Visible Way”

Insider Buying and Selling at Meta Platforms

In other news, CTO Andrew Bosworth sold 7,847 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the transaction, the chief technology officer directly owned 414 shares in the company, valued at approximately $251,641.62. This trade represents a 94.99% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Javier Olivan sold 2,778 shares of the 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 transaction, the chief operating officer owned 10,557 shares in the company, valued at approximately $6,645,103.65. This represents a 20.83% 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. Insiders have sold a total of 42,445 shares of company stock valued at $26,306,420 in the last ninety days. Company insiders own 13.53% of the company’s stock.

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.