Turtle Creek Wealth Advisors LLC Has $16.38 Million Stock Position in Meta Platforms, Inc. $META

Key Points

• Turtle Creek Wealth Advisors LLC increased its stake in Meta Platforms by 33.5% in the second quarter, owning a position valued at approximately $16.38 million.
• Meta Platforms recently reported an EPS of $7.14 for the last quarter, which exceeded analysts' expectations and indicated a 21.6% increase in revenue year-over-year.
• The company's stock is currently trading around $738.36, with a market capitalization of $1.85 trillion and a current P/E ratio of 26.73.

Turtle Creek Wealth Advisors LLC lifted its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 33.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,185 shares of the social networking company's stock after acquiring an additional 5,572 shares during the quarter. Meta Platforms comprises approximately 1.9% of Turtle Creek Wealth Advisors LLC's holdings, making the stock its 8th largest position. Turtle Creek Wealth Advisors LLC's holdings in Meta Platforms were worth $16,375,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after purchasing an additional 570 shares during the period. Revolve Wealth Partners LLC raised its holdings in Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after acquiring an additional 875 shares in the last quarter. GAMMA Investing LLC raised its holdings in Meta Platforms by 16.7% in the 1st quarter. GAMMA Investing LLC now owns 40,691 shares of the social networking company's stock valued at $23,453,000 after acquiring an additional 5,829 shares in the last quarter. 1776 Wealth LLC raised its holdings in Meta Platforms by 137.2% in the 1st quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company's stock valued at $673,000 after acquiring an additional 675 shares in the last quarter. Finally, LifeSteps Financial Inc. raised its holdings in Meta Platforms by 3.8% in the 1st quarter. LifeSteps Financial Inc. now owns 1,069 shares of the social networking company's stock valued at $616,000 after acquiring an additional 39 shares in the last quarter. Institutional investors own 79.91% of the company's stock.

Meta Platforms Trading Up 0.6%

META stock opened at $738.36 on Friday. The business has a fifty day moving average price of $742.11 and a 200 day moving average price of $691.34. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The stock has a market capitalization of $1.85 trillion, a price-to-earnings ratio of 26.73, a P/E/G ratio of 1.57 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business's quarterly revenue was up 21.6% compared to the same quarter last year. During the same period last year, the company earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were given a $0.525 dividend. 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 (DPR) is presently 7.60%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 18,332 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the transaction, the chief financial officer directly owned 84,141 shares in the company, valued at approximately $64,343,464.11. This trade represents a 17.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction on Monday, August 4th. The stock was sold at an average price of $769.38, for a total value of $12,192,364.86. The disclosure for this sale can be found here. Insiders have sold a total of 214,182 shares of company stock valued at $164,951,541 over the last 90 days. 13.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on META. Roth Capital upped their price target on Meta Platforms from $620.00 to $740.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Bank of America increased their target price on Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. JMP Securities increased their target price on Meta Platforms from $750.00 to $900.00 and gave the stock a "market outperform" rating in a report on Thursday, July 31st. Cantor Fitzgerald reissued an "overweight" rating and issued a $920.00 target price on shares of Meta Platforms in a report on Thursday, October 16th. Finally, Citigroup reissued an "outperform" rating on shares of Meta Platforms in a report on Thursday, July 31st. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $829.66.

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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