Perigon Wealth Management LLC Has $52.63 Million Position in Meta Platforms, Inc. $META

Perigon Wealth Management LLC raised its stake in Meta Platforms, Inc. (NASDAQ:META) by 2.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 71,664 shares of the social networking company’s stock after buying an additional 2,048 shares during the period. Meta Platforms comprises about 1.1% of Perigon Wealth Management LLC’s portfolio, making the stock its 11th biggest position. Perigon Wealth Management LLC’s holdings in Meta Platforms were worth $52,629,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in META. Brighton Jones LLC boosted its stake in shares of Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock valued at $20,230,000 after purchasing an additional 570 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after buying an additional 875 shares during the period. Headwater Capital Co Ltd boosted its position in Meta Platforms by 294.7% during the first quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company’s stock valued at $86,454,000 after acquiring an additional 112,000 shares during the last quarter. Crake Asset Management LLP bought a new stake in Meta Platforms during the first quarter valued at $41,498,000. Finally, Copperleaf Capital LLC grew its holdings in Meta Platforms by 4.0% during the 1st quarter. Copperleaf Capital LLC now owns 4,581 shares of the social networking company’s stock worth $2,640,000 after acquiring an additional 175 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, COO Javier Olivan sold 517 shares of the stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $658.14, for a total value of $340,258.38. Following the completion of the sale, the chief operating officer directly owned 12,200 shares of the company’s stock, valued at $8,029,308. This represents a 4.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert M. Kimmitt sold 580 shares of Meta Platforms stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $646.00, for a total value of $374,680.00. Following the transaction, the director directly owned 6,167 shares in the company, valued at approximately $3,983,882. The trade was a 8.60% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 42,074 shares of company stock valued at $26,269,739. Corporate insiders own 13.61% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on META shares. Mizuho cut their target price on Meta Platforms from $925.00 to $815.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Robert W. Baird dropped their price target on Meta Platforms from $820.00 to $815.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 23rd. TD Cowen reduced their price objective on shares of Meta Platforms from $875.00 to $810.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Erste Group Bank lowered shares of Meta Platforms from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Citizens Jmp reissued an “outperform” rating and set a $900.00 target price (up from $750.00) on shares of Meta Platforms in a research note on Monday, November 24th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average price target of $820.22.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta’s strategic AI push: Market reaction is mildly positive to Meta’s recent ~+$2B acquisition of AI agent startup Manus — investors see it as a direct revenue/advertising adjutant (agentic automation for businesses) that could accelerate AI-driven monetization. Read More.
• Positive Sentiment: Wall Street and pundits still constructive: Rosenblatt and other brokers have reiterated buy ratings and some commentators (e.g., Jim Cramer) are bullish on buying META, supporting demand for shares on conviction that AI investments can pay off long term. Read More. Read More.
• Neutral Sentiment: Strong product monetization trend: reports on Instagram Reels scaling into a multibillion-dollar ad product underpin medium-term revenue growth, but this is already priced in and won’t offset near-term capex concerns by itself. Read More.
• Negative Sentiment: Regulatory and legal risk: the U.S. Virgin Islands filed suit alleging Meta profited from scam ads and failed to protect children — a headline that raises litigation, reputational and potential regulatory enforcement risk. Read More.
• Negative Sentiment: Investigation alleges deceptive conduct: a Reuters-based investigation (covered here) says Meta created a “playbook” to fend off pressure and may have tried to mislead regulators about fake/ad scam handling — this amplifies regulatory scrutiny and could pressure near-term sentiment. Read More.
• Negative Sentiment: Insider selling / governance headlines: recent small-block sales by COO Javier Oliván and CLO Jennifer Newstead have produced negative headlines (but are small relative to overall insider holdings). Read More. Read More.
• Negative Sentiment: Geopolitical/regulatory scrutiny on acquisition: Manus’ founders’ China ties have drawn attention in Washington — potential extra review or integration delays increase execution risk for the AI deal. Read More.

Meta Platforms Stock Performance

NASDAQ META opened at $660.09 on Friday. The company has a market cap of $1.66 trillion, a P/E ratio of 29.16, a PEG ratio of 1.36 and a beta of 1.29. The company has a fifty day simple moving average of $649.05 and a 200 day simple moving average of $705.38. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. The firm had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period last year, the firm earned $6.03 earnings per share. Sell-side analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 15th were paid a dividend of $0.525 per share. The ex-dividend date was Monday, December 15th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s payout ratio is 9.28%.

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.