Elyxium Wealth LLC Buys 11,660 Shares of Meta Platforms, Inc. $META

Elyxium Wealth LLC boosted its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 226.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,804 shares of the social networking company's stock after purchasing an additional 11,660 shares during the period. Meta Platforms comprises approximately 1.0% of Elyxium Wealth LLC's portfolio, making the stock its 20th biggest holding. Elyxium Wealth LLC's holdings in Meta Platforms were worth $9,466,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Meta Platforms by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock valued at $132,015,115,000 after acquiring an additional 7,269,279 shares during the period. Auto Owners Insurance Co boosted its position in Meta Platforms by 76,587.7% during the fourth quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company's stock worth $69,502,379,000 after purchasing an additional 105,154,977 shares during the period. State Street Corp boosted its position in Meta Platforms by 5.1% during the fourth quarter. State Street Corp now owns 90,841,345 shares of the social networking company's stock worth $59,963,463,000 after purchasing an additional 4,395,763 shares during the period. Geode Capital Management LLC increased its stake in shares of Meta Platforms by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 52,806,712 shares of the social networking company's stock worth $34,734,628,000 after purchasing an additional 878,396 shares in the last quarter. Finally, Capital World Investors increased its stake in shares of Meta Platforms by 0.8% in the fourth quarter. Capital World Investors now owns 39,558,637 shares of the social networking company's stock worth $26,112,735,000 after purchasing an additional 310,947 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Meta Platforms Stock Performance

Meta Platforms stock opened at $592.85 on Thursday. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year 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 firm has a market capitalization of $1.51 trillion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 1.00 and a beta of 1.25. The firm's 50 day simple moving average is $593.48 and its 200 day simple moving average is $609.41.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Truist Financial dropped their price target on shares of Meta Platforms from $770.00 to $763.00 and set a "buy" rating on the stock in a research note on Thursday, August 27th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $810.00 price objective on shares of Meta Platforms in a research note on Monday, June 1st. Arete Research set a $735.00 target price on shares of Meta Platforms and gave the company a "buy" rating in a report on Tuesday, June 2nd. Citigroup dropped their target price on Meta Platforms from $850.00 to $800.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Finally, Rosenblatt Securities raised their price target on Meta Platforms from $883.00 to $886.00 and gave the stock a "buy" rating in a report on Thursday, August 27th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $785.22.

More Meta Platforms News

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

• Positive Sentiment: New AI model strengthens product narrative: Meta launched Muse Spark 1.3, described as its most advanced AI model, supporting the view that the company is intensifying competition with leading AI developers and could create new monetization opportunities. Meta Platforms unveils most powerful AI model
• Positive Sentiment: $18 billion settlement removes a major overhang: The settlement of lawsuits alleging harm to children provides greater legal visibility. Analysts believe limits on teen usage should have a limited effect on revenue and that resolving the case could clear the way for accelerated AI-product launches. Meta settlement could clear the way for new AI product launches
• Positive Sentiment: Valuation is attracting buyers: Articles characterize META as undervalued at roughly 16–20 times forward earnings, well below its historical valuation, despite 28% recent revenue growth and resilient user engagement. Morgan Stanley analysts see potential for substantial upside if AI improves advertising and product growth. Meta stock looks undervalued
• Positive Sentiment: Advertising outlook remains favorable: An analyst report argues that AI-powered targeting and engagement could help Meta challenge Google for leadership in digital advertising, adding to the stock’s growth appeal. Meta versus Google digital advertising outlook
• Neutral Sentiment: Analyst stance remains cautious: Wedbush reaffirmed a neutral rating with a $595 price target, suggesting limited near-term upside despite the improving legal and AI backdrop.
• Negative Sentiment: AI spending is pressuring cash flow: Meta’s latest results showed margin compression and sharply lower free cash flow as capital expenditures increased, creating concern that returns on its large AI investments may take time.
• Negative Sentiment: Trust and safety issues persist: Meta disabled cameras on thousands of AI glasses after detecting tampering with recording lights, while it also removed scam advertisements in India linked to malware and stolen banking credentials. These incidents could increase regulatory and reputational pressure.

Insiders Place Their Bets

In related news, COO Javier Olivan sold 3,348 shares of the firm'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 sale, the chief operating officer directly owned 9,498 shares of the company's stock, valued at $5,708,013.06. This trade represents a 26.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,848 shares of Meta Platforms stock in a transaction on 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 sale, the chief technology officer directly owned 828 shares of the company's stock, valued at $462,024. This represents a 90.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 32,987 shares of company stock valued at $19,202,995 over the last 90 days. 13.53% of the stock is owned by insiders.

Meta Platforms 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.

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