Tuttle Capital Management LLC Acquires Shares of 577 Meta Platforms, Inc. $META

Tuttle Capital Management LLC acquired a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 577 shares of the social networking company's stock, valued at approximately $426,000. Meta Platforms accounts for approximately 1.8% of Tuttle Capital Management LLC's portfolio, making the stock its 28th biggest holding.

Other hedge funds have also recently modified their holdings of the company. Csenge Advisory Group increased its position in shares of Meta Platforms by 12.0% in the first quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock valued at $5,498,000 after acquiring an additional 1,019 shares during the period. ARQ Wealth Advisors LLC boosted its stake in Meta Platforms by 4.5% during the first quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock worth $452,000 after acquiring an additional 34 shares in the last quarter. JMG Financial Group Ltd. bought a new stake in Meta Platforms during the first quarter worth about $284,000. Infusive Asset Management Inc. boosted its stake in Meta Platforms by 10.7% during the first quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company's stock worth $13,614,000 after acquiring an additional 2,285 shares in the last quarter. Finally, Spirepoint Private Client LLC boosted its stake in Meta Platforms by 2.7% during the second quarter. Spirepoint Private Client LLC now owns 4,080 shares of the social networking company's stock worth $3,011,000 after acquiring an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $736.37, for a total transaction of $382,176.03. Following the completion of the sale, the insider directly owned 28,275 shares of the company's stock, valued at approximately $20,820,861.75. This represents a 1.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Javier Olivan sold 517 shares of the company's stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $721.30, for a total transaction of $372,912.10. Following the sale, the chief operating officer directly owned 8,475 shares of the company's stock, valued at approximately $6,113,017.50. This represents a 5.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 214,182 shares of company stock valued at $164,951,541. Insiders own 13.61% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on META. Roth Capital upped their target price on shares of Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Robert W. Baird upped their target price on shares of Meta Platforms from $635.00 to $740.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Bank of America upped their target price on shares of Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Sanford C. Bernstein upped their target price 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, Cantor Fitzgerald reiterated an "overweight" rating and issued a $920.00 target price on shares of Meta Platforms in a research note on Thursday, October 16th. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Meta Platforms presently has a consensus rating of "Buy" and a consensus target price of $829.66.

Meta Platforms Stock Up 0.6%

Shares of Meta Platforms stock opened at $738.36 on Friday. The company has a market cap of $1.85 trillion, a price-to-earnings ratio of 26.73, a price-to-earnings-growth ratio of 1.56 and a beta of 1.20. The company's 50 day moving average is $742.11 and its 200 day moving average is $690.10. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its 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 business had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. During the same period in the prior year, the company earned $5.16 earnings per share. The firm's revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders 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 of this dividend was Monday, September 22nd. Meta Platforms's dividend payout ratio is currently 7.60%.

Meta Platforms Profile

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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