Turtle Creek Wealth Advisors LLC Raises Holdings in Meta Platforms, Inc. $META

Key Points

• Turtle Creek Wealth Advisors increased its Meta Platforms stake by 3.5% in the first quarter, adding 1,047 shares to bring its total to 30,548 shares valued at about $17.5 million.
• Several Meta insiders sold shares recently, including COO Javier Olivan and insider Curtis J. Mahoney, with insiders selling 44,748 shares worth roughly $27.6 million over the last 90 days.
• Meta is aggressively pushing AI and growth initiatives, including plans to spend more than C$13 billion on its first AI data center in Canada and the rollout of its Muse Image AI tool, even as it faces major legal and regulatory risks tied to youth-safety litigation.

Turtle Creek Wealth Advisors LLC increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,548 shares of the social networking company's stock after purchasing an additional 1,047 shares during the period. Meta Platforms accounts for about 1.3% of Turtle Creek Wealth Advisors LLC's holdings, making the stock its 16th biggest position. Turtle Creek Wealth Advisors LLC's holdings in Meta Platforms were worth $17,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of META. First National Bank Sioux Falls lifted its position in shares of Meta Platforms by 0.7% in the fourth quarter. First National Bank Sioux Falls now owns 2,001 shares of the social networking company's stock valued at $1,321,000 after acquiring an additional 14 shares in the last quarter. Levin Capital Strategies L.P. raised its stake in Meta Platforms by 1.4% in the 4th quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company's stock valued at $649,000 after purchasing an additional 14 shares during the last quarter. Vista Capital Partners Inc. raised its stake in Meta Platforms by 1.3% in the 2nd quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company's stock valued at $794,000 after purchasing an additional 14 shares during the last quarter. Arcataur Capital Management LLC lifted its holdings in Meta Platforms by 0.9% in the 4th quarter. Arcataur Capital Management LLC now owns 1,736 shares of the social networking company's stock valued at $1,146,000 after purchasing an additional 15 shares in the last quarter. Finally, Acorn Creek Capital LLC lifted its holdings in Meta Platforms by 0.7% in the 4th quarter. Acorn Creek Capital LLC now owns 2,118 shares of the social networking company's stock valued at $1,398,000 after purchasing an additional 15 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Transactions at Meta Platforms

In related news, insider Curtis J. Mahoney sold 2,079 shares of Meta Platforms stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the transaction, the insider owned 1,118 shares in the company, valued at approximately $681,890.56. The trade was a 65.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 3,348 shares of the company's stock in a transaction on Monday, July 6th. The stock was sold at an average price of $600.97, for a total transaction of $2,012,047.56. Following the sale, the chief operating officer directly owned 9,498 shares of the company's stock, valued at approximately $5,708,013.06. This trade represents a 26.06% 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 sold 44,748 shares of company stock valued at $27,565,292 over the last 90 days. Corporate insiders own 13.53% of the company's stock.

Key Meta Platforms News

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

• Positive Sentiment: Meta announced it will spend more than C$13 billion on its first AI data center in Canada, its largest outside the U.S. Investors may see this as a signal that Meta is still aggressively scaling its AI infrastructure to support future products and monetization. Meta plans billions for first AI data center in Canada, largest outside the US
• Positive Sentiment: Meta rolled out Muse Image, its first AI image-generation model from Meta Superintelligence Labs, which could improve engagement across Instagram, WhatsApp, and Meta AI while giving advertisers new creative tools. Meta expands generative AI tools with Muse Image rollout
• Positive Sentiment: Several reports and analyst notes highlighted Meta as an attractive AI and momentum stock, including a rating upgrade to Buy from Erste Group Bank and bullish commentary around its long-term growth and capex strategy. Meta Platforms NASDAQ: META Raised to "Buy" at Erste Group Bank
• Neutral Sentiment: Meta’s move to potentially monetize excess compute capacity or expand into cloud/neocloud services is strategically interesting, but it is still an early-stage idea and not yet a proven earnings driver.
• Negative Sentiment: Meta disclosed that four U.S. states are seeking about $1.4 trillion in penalties in an upcoming youth-safety trial, creating a very large legal risk that could weigh on investor sentiment. Meta says US states are seeking $1.4 trillion in penalties in August youth safety trial
• Negative Sentiment: Separate reporting on Instagram AI sharing rules and other regulatory scrutiny adds to concerns about privacy, content use, and platform oversight.
• Negative Sentiment: Comments from Mark Zuckerberg that AI agent development “hasn't really accelerated” as expected may also raise questions about the near-term payoff from Meta’s heavy AI spending.

Meta Platforms Stock Performance

Meta Platforms stock opened at $603.12 on Thursday. The company has a market cap of $1.53 trillion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 1.09 and a beta of 1.25. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35. The stock's 50-day moving average is $598.90 and its 200-day moving average is $626.99.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.67 by $3.77. The business had revenue of $56.31 billion during the quarter, compared to analysts' expectations of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The company's revenue for the quarter was up 33.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.43 EPS. Equities analysts anticipate that Meta Platforms, Inc. will post 29.46 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, June 15th. Meta Platforms's payout ratio is currently 7.63%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on META shares. Wells Fargo & Company lifted their price target on shares of Meta Platforms from $765.00 to $767.00 and gave the stock an "overweight" rating in a report on Thursday, July 2nd. Susquehanna raised shares of Meta Platforms from a "positive" rating to a "positive" rating in a research note on Tuesday, June 2nd. Erste Group Bank raised shares of Meta Platforms from a "hold" rating to a "buy" rating in a research note on Tuesday. KeyCorp reiterated an "overweight" rating and issued a $760.00 price target on shares of Meta Platforms in a report on Thursday, April 30th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $1,015.00 price target on shares of Meta Platforms in a research note on Thursday, May 28th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $840.64.

About Meta Platforms

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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