Elevation Wealth Management LLC Buys 879 Shares of Meta Platforms, Inc. $META

Key Points

• Elevation Wealth Management increased its Meta stake by 21.5%. The firm purchased 879 additional shares, bringing its holdings to 4,960 shares valued at approximately $2.79 million; institutional investors own 79.91% of META.
• Meta’s stock opened at $751.66 and remains near its 12-month high. Shares have traded between $520.26 and $779.82, while the company’s latest quarterly revenue rose 28% year over year to $60.8 billion, despite earnings per share falling short of estimates.
• Analysts remain broadly bullish, but risks persist. Meta has a “Moderate Buy” consensus rating with an average price target of $785.90, while insider selling, heavy AI spending, regulatory litigation and security concerns around its Muse AI product remain notable cautions.

Elevation Wealth Management LLC increased its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 21.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,960 shares of the social networking company's stock after purchasing an additional 879 shares during the period. Meta Platforms accounts for 2.1% of Elevation Wealth Management LLC's portfolio, making the stock its 12th largest position. Elevation Wealth Management LLC's holdings in Meta Platforms were worth $2,794,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in META. BAM Wealth Management LLC increased its position in Meta Platforms by 38.9% in the 2nd quarter. BAM Wealth Management LLC now owns 2,958 shares of the social networking company's stock valued at $1,666,000 after acquiring an additional 829 shares during the period. Three Seasons Wealth LLC boosted its position in Meta Platforms by 15.9% during the 2nd quarter. Three Seasons Wealth LLC now owns 2,381 shares of the social networking company's stock worth $1,341,000 after acquiring an additional 327 shares during the period. Shum Financial Group Inc. boosted its position in Meta Platforms by 18.9% during the 2nd quarter. Shum Financial Group Inc. now owns 647 shares of the social networking company's stock worth $364,000 after acquiring an additional 103 shares during the period. Nabity Jensen Investment Management Inc grew its stake in shares of Meta Platforms by 2.6% in the second quarter. Nabity Jensen Investment Management Inc now owns 1,521 shares of the social networking company's stock worth $857,000 after purchasing an additional 39 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID grew its stake in shares of Meta Platforms by 185.2% in the second quarter. Legacy Wealth Managment LLC ID now owns 696 shares of the social networking company's stock worth $392,000 after purchasing an additional 452 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $751.66 on Friday. The stock has a market cap of $1.91 trillion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 1.35 and a beta of 1.25. The business has a fifty day simple moving average of $615.16 and a 200-day simple moving average of $613.07. 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, Inc. has a 12 month low of $520.26 and a 12 month high of $779.82.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share 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 analyst estimates of $60.22 billion. Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The firm's quarterly revenue was up 28.0% on a year-over-year basis. During the same period in the previous year, the firm posted $7.14 earnings per share. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 27.93 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Monday, September 21st will be issued a $0.5250 dividend. The ex-dividend date is Monday, September 21st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio is currently 7.91%.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 3,348 shares of the company's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $600.97, for a total value of $2,012,047.56. Following the transaction, the chief operating officer owned 9,498 shares in the company, valued at approximately $5,708,013.06. This represents a 26.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Aaron Anderson sold 3,240 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $618.06, for a total transaction of $2,002,514.40. Following the completion of the sale, the chief accounting officer owned 6,271 shares of the company's stock, valued at approximately $3,875,854.26. The trade was a 34.07% 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 123,333 shares of company stock worth $80,795,845 over the last ninety days. 13.53% of the stock is currently owned by corporate insiders.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Muse momentum remains the main bullish catalyst. Early reviews, rising user traction and Meta’s new early-access program for upcoming Muse features are reinforcing expectations that the AI assistant could become a major consumer product and future revenue stream. Meta opens early access program for new Muse features
• Positive Sentiment: Analysts are raising price targets. Deutsche Bank, TD Cowen, Canaccord Genuity and other firms lifted targets and maintained bullish ratings, citing Muse’s potential to expand Meta beyond advertising through subscriptions, commerce and AI services. Meta price targets raised as Muse gains momentum
• Positive Sentiment: AI hardware could broaden Muse’s distribution. Meta is integrating Muse into Ray-Ban AI glasses and introducing additional wearable and VR products, creating potential new hardware, services and commerce opportunities.
• Neutral Sentiment: Friday’s decline appears largely technical. After rising roughly 36% during September and approaching a $2 trillion market value, Meta faced profit-taking and a pullback from recent highs. Bullish options activity suggests some traders continue to view the weakness as a buying opportunity.
• Neutral Sentiment: Large capital spending remains a key debate. Investors are encouraged by Meta’s AI strategy but remain uncertain whether heavy spending on infrastructure and Reality Labs will generate sufficient returns.
• Negative Sentiment: New Mexico litigation adds regulatory risk. A jury found that Meta misled state residents in a case related to the Cambridge Analytica data scandal, potentially increasing legal costs and scrutiny. Meta misled consumers in New Mexico jury case
• Negative Sentiment: A Muse security vulnerability was identified. Meta is adding clearer safety warnings after a vulnerability reportedly could expose sensitive user information, raising concerns about trust and adoption of its AI agent. Meta bolsters Muse safety warning after vulnerability
• Negative Sentiment: Competition and monetization obstacles remain. Amazon blocked Muse from accessing its platform, while privacy concerns around camera-equipped glasses and skepticism toward new AI hardware could limit Meta’s growth plans.
• Negative Sentiment: Insider selling adds a cautionary signal. Christopher Cox sold 40,000 shares and COO Javier Olivan sold shares under pre-arranged Rule 10b5-1 plans. The transactions do not necessarily indicate reduced confidence, but they add to concerns after the stock’s rapid advance.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on META shares. Citigroup restated an "outperform" rating on shares of Meta Platforms in a research note on Thursday. The Goldman Sachs Group reissued a "buy" rating and set a $725.00 target price (down from $815.00) on shares of Meta Platforms in a research note on Thursday, August 27th. Tigress Financial restated a "strong-buy" rating and set a $945.00 price target (down from $995.00) on shares of Meta Platforms in a research report on Thursday. Benchmark reaffirmed a "hold" rating on shares of Meta Platforms in a research note on Thursday, August 27th. Finally, BNP Paribas Exane decreased their price objective on shares of Meta Platforms from $955.00 to $855.00 and set an "outperform" rating for the company in a report on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Meta Platforms presently has a consensus rating of "Moderate Buy" and an average price target of $785.90.

About Meta Platforms

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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