Meta Platforms, Inc. $META is Elevate Capital Advisors LLC's 3rd Largest Position

Key Points

• Elevate Capital Advisors LLC increased its stake in Meta Platforms, Inc. by 30.8% in the second quarter, making it the 3rd largest position in its portfolio, valued at approximately $4.2 million.
• Meta Platforms reported a $7.14 EPS for the last quarter, significantly exceeding analysts’ expectations of $5.75, with revenues of $47.52 billion—a 21.6% year-on-year increase.
• The company declared a quarterly dividend of $0.525 per share, resulting in an annualized dividend yield of 0.3%, with a payout ratio of 7.60%.

Elevate Capital Advisors LLC boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 30.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,711 shares of the social networking company's stock after acquiring an additional 1,345 shares during the period. Meta Platforms accounts for about 3.4% of Elevate Capital Advisors LLC's holdings, making the stock its 3rd biggest position. Elevate Capital Advisors LLC's holdings in Meta Platforms were worth $4,215,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of META. Pachira Investments Inc. grew its stake in Meta Platforms by 3.0% in the 2nd quarter. Pachira Investments Inc. now owns 488 shares of the social networking company's stock worth $360,000 after buying an additional 14 shares in the last quarter. Shelton Wealth Management LLC grew its stake in Meta Platforms by 0.9% in the 2nd quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company's stock worth $1,302,000 after buying an additional 15 shares in the last quarter. Myecfo LLC grew its stake in Meta Platforms by 2.0% in the 2nd quarter. Myecfo LLC now owns 776 shares of the social networking company's stock worth $573,000 after buying an additional 15 shares in the last quarter. Kooman & Associates grew its stake in Meta Platforms by 2.8% in the 2nd quarter. Kooman & Associates now owns 544 shares of the social networking company's stock worth $402,000 after buying an additional 15 shares in the last quarter. Finally, Nabity Jensen Investment Management Inc grew its stake in Meta Platforms by 1.1% in the 2nd quarter. Nabity Jensen Investment Management Inc now owns 1,378 shares of the social networking company's stock worth $1,017,000 after buying an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $705.30 on Friday. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The stock has a market capitalization of $1.77 trillion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 1.47 and a beta of 1.20. The company has a fifty day moving average of $752.20 and a 200-day moving average of $679.24. 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 posted its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same period in the prior year, the business posted $5.16 EPS. The firm's revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms's dividend payout ratio is currently 7.60%.

Insider Activity at Meta Platforms

In related news, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $716.98, for a total transaction of $372,112.62. Following the completion of the sale, the insider directly owned 29,313 shares in the company, valued at $21,016,834.74. This represents a 1.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert M. Kimmitt sold 465 shares of the company's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $757.47, for a total transaction of $352,223.55. Following the sale, the director owned 8,412 shares of the company's stock, valued at $6,371,837.64. This represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 214,182 shares of company stock worth $164,946,219 in the last three months. 13.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on META shares. Benchmark boosted their price target on shares of Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Royal Bank Of Canada boosted their price target on shares of Meta Platforms from $740.00 to $840.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Oppenheimer boosted their price target on shares of Meta Platforms from $775.00 to $870.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Sanford C. Bernstein boosted their price target on shares of Meta Platforms from $775.00 to $900.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, Citigroup reissued an "outperform" rating on shares of Meta Platforms in a research note on Thursday, July 31st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Meta Platforms currently has a consensus rating of "Moderate Buy" and an average price target of $830.68.

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.

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