Turtle Creek Wealth Advisors LLC Buys 2,496 Shares of Meta Platforms, Inc. $META

Turtle Creek Wealth Advisors LLC raised its stake in Meta Platforms, Inc. (NASDAQ:META) by 8.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 33,044 shares of the social networking company’s stock after buying an additional 2,496 shares during the quarter. Meta Platforms comprises 1.0% of Turtle Creek Wealth Advisors LLC’s investment portfolio, making the stock its 23rd largest position. Turtle Creek Wealth Advisors LLC’s holdings in Meta Platforms were worth $18,613,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Invictus Private Wealth LLC boosted its position in shares of Meta Platforms by 210.9% during the second quarter. Invictus Private Wealth LLC now owns 7,187 shares of the social networking company’s stock valued at $4,048,000 after buying an additional 4,875 shares during the last quarter. Westbourne Investment Advisors Inc. raised its position in Meta Platforms by 0.5% in the 2nd quarter. Westbourne Investment Advisors Inc. now owns 27,786 shares of the social networking company’s stock valued at $15,652,000 after buying an additional 147 shares during the last quarter. Ibex Wealth Advisors lifted its stake in Meta Platforms by 2.8% during the 2nd quarter. Ibex Wealth Advisors now owns 18,169 shares of the social networking company’s stock valued at $10,234,000 after acquiring an additional 487 shares in the last quarter. Values Added Financial LLC boosted its holdings in Meta Platforms by 85.8% during the 2nd quarter. Values Added Financial LLC now owns 1,823 shares of the social networking company’s stock worth $1,027,000 after acquiring an additional 842 shares during the last quarter. Finally, Capstone Wealth Management Group Inc. purchased a new position in Meta Platforms during the 2nd quarter worth $1,869,000. Institutional investors own 79.91% of the company’s stock.

Meta Platforms News Summary

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

• Positive Sentiment: Meta launched Pocket in the U.S., an AI-powered app that lets users create and share interactive games through text prompts. The product could increase engagement and expand Meta’s consumer AI ecosystem. Meta brings Pocket to U.S. users
• Positive Sentiment: Meta introduced a Mac app for Meta AI with system-wide dictation and screen-aware assistance. The company is also pricing its new Muse Code coding agent below Anthropic and OpenAI offerings, potentially helping it attract developers and build AI adoption. Meta AI launches Mac app
• Positive Sentiment: Meta’s core advertising business remains strong, with quarterly revenue rising 28% year over year to $60.8 billion. AI-related improvements to recommendations and ad delivery are supporting engagement, clicks and conversion efficiency. Meta drawdown analysis
• Neutral Sentiment: Meta is contesting the Federal Trade Commission’s effort to revive monopoly charges. The company argues that Facebook and Instagram users increasingly see recommended content rather than posts from friends, a defense that could influence the case’s regulatory implications. Meta fights FTC monopoly charges
• Neutral Sentiment: Meta’s CTO Andrew Bosworth, CFO Susan Li and insider Curtis Mahoney sold shares worth roughly $10.3 million in aggregate under pre-arranged Rule 10b5-1 plans. The transactions are limited as discretionary signals but may still affect investor sentiment. Meta insider transaction filing
• Negative Sentiment: Child-safety and social-media addiction litigation is intensifying. Testimony alleging that some safety tools were “designed to fail” raises the possibility of major damages, mandated product changes, restrictions on engagement features and pressure on advertising monetization. Meta social media lawsuit trial
• Negative Sentiment: Investors remain concerned that heavier AI capital spending will depress second-half free cash flow and increase financial pressure. Those concerns follow Meta’s quarterly EPS miss, despite its revenue beat, and have contributed to the stock’s year-to-date weakness. Meta stock investment analysis

Meta Platforms Price Performance

Meta Platforms stock opened at $549.90 on Monday. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $790.80. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.32. The business’s 50 day simple moving average is $593.51 and its 200 day simple moving average is $614.77. The company has a market cap of $1.40 trillion, a price-to-earnings ratio of 20.71, a PEG ratio of 0.94 and a beta of 1.25.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.19 by ($1.01). Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.The firm had revenue of $60.80 billion during the quarter, compared to analysts’ expectations of $60.22 billion. During the same period in the prior year, the business earned $7.14 earnings per share. The business’s quarterly revenue was up 28.0% compared to the same quarter last year. Sell-side analysts forecast that Meta Platforms, Inc. will post 28.5 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were paid a dividend of $0.525 per share. The ex-dividend date was Monday, June 15th. This represents a $2.10 annualized dividend and a dividend yield of 0.4%. Meta Platforms’s dividend payout ratio is presently 7.91%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 9,196 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $550.61, for a total transaction of $5,063,409.56. Following the sale, the chief financial officer directly owned 13,186 shares of the company’s stock, valued at $7,260,343.46. This represents a 41.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,848 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $558.00, for a total transaction of $4,379,184.00. Following the transaction, the chief technology officer owned 828 shares of the company’s stock, valued at $462,024. This represents a 90.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 38,502 shares of company stock worth $22,603,485 over the last 90 days. 13.53% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on META. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $725.00 target price (down from $825.00) on shares of Meta Platforms in a report on Thursday, April 30th. Roth Capital restated a “buy” rating on shares of Meta Platforms in a report on Thursday, April 30th. Barclays reduced their price objective on shares of Meta Platforms from $830.00 to $780.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Wedbush lowered their target price on Meta Platforms from $671.00 to $595.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Meta Platforms in a report on Wednesday, July 8th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and an average target price of $785.32.

About Meta Platforms

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.