Fortis Capital Advisors LLC Acquires 800 Shares of Meta Platforms, Inc. $META

Key Points

• Fortis Capital Advisors LLC increased its stake in Meta Platforms, Inc. by 7.9% during the first quarter, owning 10,917 shares worth approximately $6.29 million.
• Multiple hedge funds, including GAMMA Investing LLC and Goldman Sachs Group Inc., made significant increases in their holdings of Meta, with GAMMA raising its position by an astounding 67,172.9%.
• Analysts have varied outlooks on Meta, with a consensus rating of "Moderate Buy" and a price target set at $822.41, while recent quarterly performance showed a notable earnings per share of $7.14.

Fortis Capital Advisors LLC raised its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 7.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,917 shares of the social networking company's stock after buying an additional 800 shares during the period. Meta Platforms comprises about 1.3% of Fortis Capital Advisors LLC's investment portfolio, making the stock its 17th biggest holding. Fortis Capital Advisors LLC's holdings in Meta Platforms were worth $6,292,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Inlight Wealth Management LLC purchased a new stake in shares of Meta Platforms in the 1st quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Meta Platforms in the 1st quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Meta Platforms during the 1st quarter valued at about $33,000. JCIC Asset Management Inc. lifted its position in Meta Platforms by 102.6% during the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after acquiring an additional 40 shares during the period. Finally, Stuart Chaussee & Associates Inc. purchased a new position in Meta Platforms during the 4th quarter valued at about $47,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Meta Platforms

In related news, CTO Andrew Bosworth sold 11,694 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the completion of the sale, the chief technology officer directly owned 1,799 shares in the company, valued at approximately $1,394,225. The trade was a 86.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Susan J. Li sold 18,332 shares of Meta Platforms stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the transaction, the chief financial officer directly owned 84,141 shares in the company, valued at $64,343,464.11. This represents a 17.89% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 283,280 shares of company stock valued at $214,119,908. 13.61% of the stock is owned by corporate insiders.

Meta Platforms Stock Performance

Shares of META stock traded up $4.69 during trading hours on Friday, reaching $755.59. The company had a trading volume of 8,240,448 shares, compared to its average volume of 9,776,048. The business has a fifty day moving average price of $741.83 and a 200-day moving average price of $661.92. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The firm has a market cap of $1.90 trillion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.75 by $1.39. The company had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm's quarterly revenue was up 21.6% compared to the same quarter last year. During the same period in the previous year, the business posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 22nd will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, September 22nd. Meta Platforms's payout ratio is 7.60%.

Analyst Ratings Changes

A number of brokerages recently issued reports on META. Cantor Fitzgerald reissued an "overweight" rating and set a $920.00 price target on shares of Meta Platforms in a research report on Wednesday, August 13th. Guggenheim reissued a "buy" rating and set a $800.00 price target (up from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Citigroup reissued an "outperform" rating on shares of Meta Platforms in a research report on Thursday, July 31st. TD Cowen lifted their price target on shares of Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Stifel Nicolaus lifted their price target on shares of Meta Platforms from $845.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Meta Platforms has an average rating of "Moderate Buy" and an average price target of $822.41.

About Meta Platforms

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.