Elevation Point Wealth Partners LLC Grows Stock Holdings in Meta Platforms, Inc. $META

Key Points

• Institutional investors increased their Meta holdings: Elevation Point Wealth Partners raised its stake by 12.4% to 66,600 shares worth approximately $37.5 million. Institutional investors collectively own about 79.9% of Meta’s outstanding stock.
• Meta’s financial results were mixed: Quarterly revenue rose 28% year over year to $60.8 billion and exceeded estimates, but earnings per share of $6.18 fell short of the $7.19 consensus forecast.
• Analysts remain generally bullish, but risks persist: Meta has a “Moderate Buy” consensus rating with an average price target of $788.88, while regulatory costs, substantial AI infrastructure spending and insider selling remain potential concerns.

Elevation Point Wealth Partners LLC boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 12.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,600 shares of the social networking company's stock after purchasing an additional 7,331 shares during the period. Elevation Point Wealth Partners LLC's holdings in Meta Platforms were worth $37,462,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Foyston Gordon & Payne Inc grew its position in Meta Platforms by 0.6% in the 2nd quarter. Foyston Gordon & Payne Inc now owns 42,441 shares of the social networking company's stock worth $23,907,000 after purchasing an additional 254 shares during the period. GQG Partners LLC purchased a new stake in Meta Platforms during the 2nd quarter valued at $333,128,000. Strategic Wealth Partners Ltd. lifted its holdings in shares of Meta Platforms by 44.6% during the 2nd quarter. Strategic Wealth Partners Ltd. now owns 45,403 shares of the social networking company's stock valued at $25,575,000 after buying an additional 13,996 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Meta Platforms by 9.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 757,472 shares of the social networking company's stock valued at $426,677,000 after buying an additional 64,869 shares during the period. Finally, Gamco Investors INC. ET AL boosted its stake in shares of Meta Platforms by 0.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 51,291 shares of the social networking company's stock worth $28,892,000 after buying an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Buying and Selling at Meta Platforms

In other news, insider Christopher Cox sold 20,000 shares of Meta Platforms stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $650.28, for a total transaction of $13,005,600.00. Following the sale, the insider owned 244,516 shares in the company, valued at $159,003,864.48. This trade represents a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 946 shares of the business's stock in a transaction on Monday, September 14th. The stock was sold at an average price of $657.73, for a total transaction of $622,212.58. Following the completion of the transaction, the chief operating officer directly owned 10,716 shares in the company, valued at $7,048,234.68. This trade represents a 8.11% 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. Over the last 90 days, insiders sold 61,758 shares of company stock worth $37,709,420. Insiders own 13.53% of the company's stock.

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $673.31 on Thursday. The stock's 50-day simple moving average is $605.39 and its 200-day simple moving average is $609.16. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $790.80. The company has a market capitalization of $1.72 trillion, a price-to-earnings ratio of 25.36, a PEG ratio of 1.16 and a beta of 1.25. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.32.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.19 by ($1.01). The business had revenue of $60.80 billion for the quarter, compared to analysts' expectations of $60.22 billion. Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.The business's revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $7.14 EPS. As a group, analysts expect that Meta Platforms, Inc. will post 28.17 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Monday, September 21st will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, September 21st. Meta Platforms's dividend payout ratio is presently 7.91%.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: AI subscriptions create a potential new revenue stream. Meta launched Meta One subscription tiers offering expanded access to AI tools and premium features across Facebook, Instagram and WhatsApp. The company says the program has reached 15 million subscriptions and trials, supporting the case that Meta can generate recurring revenue beyond advertising. Reuters article on Meta One subscriptions
• Positive Sentiment: Analysts remain bullish. Rosenblatt reaffirmed a Buy rating with an $886 price target, while JPMorgan highlighted improving AI monetization and better advertising performance. Citi also said next week’s developers conference could provide a catalyst if Meta unveils compelling AI and hardware updates. Citi commentary on Meta’s upcoming event
• Positive Sentiment: New hardware and infrastructure initiatives could broaden Meta’s AI ecosystem. Meta reportedly plans to launch camera-free smart glasses this fall, while expanded use of proprietary AI chips could reduce reliance on Nvidia and potentially lower computing costs. Reuters article on camera-free smart glasses
• Neutral Sentiment: Management is defending a faster, company-led AI development strategy. CEO Mark Zuckerberg said Meta delayed its Muse AI agent to address safety concerns but opposed broad development slowdowns, favoring independent evaluators and internal safeguards.
• Negative Sentiment: Regulatory and execution risks remain. BMO identified expanding age-verification requirements as a potential challenge, while new restrictions on youth-oriented advertising practices could increase Meta’s legal and compliance costs. Investors are also watching the company’s large AI infrastructure commitments, which could pressure free cash flow if advertising growth or AI utilization disappoints.
• Neutral Sentiment: Insider selling adds a limited cautionary signal. COO Javier Olivan sold shares worth roughly $1.0 million under a pre-arranged Rule 10b5-1 trading plan. The transactions reduce his holdings but do not necessarily indicate a change in management’s outlook.

Analyst Ratings Changes

Several analysts recently commented on the company. Arete Research set a $735.00 price objective on Meta Platforms and gave the stock a "buy" rating in a report on Tuesday, June 2nd. KeyCorp lowered their target price on Meta Platforms from $790.00 to $780.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. Erste Group Bank raised Meta Platforms from a "hold" rating to a "buy" rating in a research report on Tuesday, July 7th. Raymond James Financial boosted their price target on Meta Platforms from $825.00 to $850.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 21st. Finally, DA Davidson reduced their price target on shares of Meta Platforms from $850.00 to $700.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Four equities research 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $788.88.

Meta Platforms Company Profile

Meta Platforms, Inc develops technologies that help people connect, communicate and build communities online. The company's principal products include Facebook, Instagram, Messenger, WhatsApp and Threads, which enable social networking, messaging, content sharing and digital communication.

Meta generates most of its business through advertising displayed across its family of apps. It also develops artificial intelligence technologies, business messaging tools and hardware and software through its Reality Labs division, including Quest virtual- and mixed-reality devices and related experiences.

The company was founded as Facebook in 2004 by Mark Zuckerberg and was renamed Meta Platforms in 2021 to reflect its broader focus on building the metaverse.

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