Elevated Private Wealth LLC Purchases Shares of 2,779 Meta Platforms, Inc. $META

Elevated Private Wealth LLC purchased a new position in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,779 shares of the social networking company's stock, valued at approximately $1,566,000. Meta Platforms makes up about 1.5% of Elevated Private Wealth LLC's portfolio, making the stock its 24th largest holding.

A number of other large investors have also modified their holdings of the stock. RHL Group LLC purchased a new stake in Meta Platforms during the 4th quarter worth about $28,000. Strategic Wealth Advisors LLC purchased a new position in shares of Meta Platforms in the 4th quarter valued at about $29,000. Advantage Trust Co purchased a new position in shares of Meta Platforms in the 2nd quarter valued at about $28,000. Axiom Investment Management LLC acquired a new position in shares of Meta Platforms during the first quarter worth about $36,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Meta Platforms during the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Key Headlines Impacting Meta Platforms

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

• Positive Sentiment: The settlement limits litigation risk by resolving claims from a broad coalition of states without an admission of liability. Analysts view the payment as manageable relative to Meta’s revenue and cash generation, while the company avoids potentially disruptive court-ordered changes to products such as Reels, Stories and its recommendation systems. Meta's social media settlement leaves its money machine unscathed
• Positive Sentiment: Meta’s advertising engine continues to benefit from improved ad-ranking technology and growing advertiser use of artificial intelligence to create campaigns, supporting demand even as the company spends heavily on AI infrastructure. Ca$htag$: Meta's AI Bet Not Showing Returns, Yet
• Positive Sentiment: Rosenblatt raised its price target to $886 and maintained a buy rating, pointing to substantial potential upside from current levels. The stock’s valuation also remains below that of many large technology peers, strengthening the bargain argument for some investors. Meta price target raised by Rosenblatt
• Neutral Sentiment: The new teen safeguards—including time limits, muted notifications and stronger parental controls—could become a regulatory template for TikTok, YouTube, Snap and international markets. This creates industrywide compliance costs, but may also give Meta greater legal clarity. Meta settlement puts social media industry on notice
• Negative Sentiment: Investors still face execution and financial risks: age-verification technology may be unreliable, critics say the protections do not address teen mental-health concerns, and regulators in the U.K., South Korea and elsewhere may demand similar measures. Restrictions could eventually reduce teen engagement and advertising opportunities. Meta's child-safety deal and age verification
• Negative Sentiment: Meta’s substantial AI capital spending has not yet produced a proportionate revenue payoff, while an executive overseeing India and Southeast Asia is leaving for OpenAI. Those developments add to concerns about returns on investment and management stability. Meta executive leaves for OpenAI

Meta Platforms Stock Performance

Shares of META stock opened at $578.02 on Friday. The stock's 50-day moving average is $592.28 and its two-hundred day moving average is $611.61. The firm has a market cap of $1.47 trillion, a price-to-earnings ratio of 21.77, a PEG ratio of 0.99 and a beta of 1.25. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $790.80. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current ratio of 2.23.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, July 29th. The social networking company reported $6.18 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 for the quarter, compared to analyst estimates of $60.22 billion. During the same quarter last year, the firm posted $7.14 EPS. The firm's revenue for the quarter was up 28.0% on a year-over-year basis. Analysts predict that Meta Platforms, Inc. will post 28.17 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on META. Mizuho set a $750.00 target price on shares of Meta Platforms in a report on Thursday, July 30th. Truist Financial lowered their price target on shares of Meta Platforms from $770.00 to $763.00 and set a "buy" rating for the company in a report on Thursday. Citizens Jmp dropped their price objective on shares of Meta Platforms from $800.00 to $770.00 and set a "market outperform" rating on the stock in a research report on Thursday, July 30th. Benchmark restated a "hold" rating on shares of Meta Platforms in a report on Thursday. Finally, Rosenblatt Securities lifted their price objective on shares of Meta Platforms from $883.00 to $886.00 and gave the stock a "buy" rating in a research report on Thursday. Four analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $785.22.

Insider Transactions at Meta Platforms

In related news, CTO Andrew Bosworth sold 7,848 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $558.00, for a total transaction of $4,379,184.00. Following the completion of the sale, the chief technology officer owned 828 shares in the company, valued at $462,024. This represents a 90.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 1,258 shares of the firm's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $600.00, for a total transaction of $754,800.00. Following the transaction, the chief operating officer directly owned 1,517 shares in the company, valued at $910,200. The trade was a 45.33% decrease in their ownership of the stock. 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 34,957 shares of company stock worth $20,442,696 over the last 90 days. Company insiders own 13.53% of the company's stock.

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.

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