Meta Platforms, Inc. $META Shares Bought by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC increased its holdings in Meta Platforms, Inc. (NASDAQ:META) by 7.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,431 shares of the social networking company’s stock after acquiring an additional 2,387 shares during the quarter. Meta Platforms comprises approximately 1.3% of Turtle Creek Wealth Advisors LLC’s portfolio, making the stock its 17th biggest position. Turtle Creek Wealth Advisors LLC’s holdings in Meta Platforms were worth $25,694,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in META. Horizons Wealth Management bought a new position in Meta Platforms in the 3rd quarter worth $33,000. Advantage Trust Co bought a new stake in shares of Meta Platforms during the 2nd quarter valued at about $28,000. Philadelphia Investment Partners LLC bought a new stake in shares of Meta Platforms during the 2nd quarter valued at about $32,000. Axiom Investment Management LLC bought a new stake in shares of Meta Platforms during the 1st quarter valued at about $36,000. Finally, Schuylkill Financial LLC purchased a new position in shares of Meta Platforms during the second quarter valued at about $36,000. Institutional investors own 79.91% of the company’s stock.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Bank of America expects Meta to exceed third-quarter revenue expectations, forecasting $63.8 billion versus a $63.3 billion consensus estimate, and maintained a Buy rating with an $810 price target. Meta expected to beat revenue forecasts as AI boosts advertising, says Bank of America
• Positive Sentiment: Meta released the open-weight Muse Spark model for coding and AI-agent tasks, while its collaboration with Apple enables developers to run the model locally on high-end Mac computers. The developments could broaden adoption of Meta’s AI technology and reduce reliance on cloud infrastructure. Meta releases open-weight Muse Spark model
• Positive Sentiment: JPMorgan reaffirmed its Overweight rating and set a $920 price target, implying substantial upside, while other analysts including KeyCorp and Rosenblatt also maintained positive ratings. JPMorgan reaffirms Meta rating
• Neutral Sentiment: Meta is expected to report third-quarter results on October 21. Investors will focus on advertising growth, user metrics, profitability, capital expenditures, and management’s outlook for AI infrastructure spending. Meta Q3 earnings estimates
• Neutral Sentiment: Meta withdrew $25 million from a previously announced $65 million effort to support political candidates considered favorable to the AI industry. The move may reduce near-term spending but signals a change in its political strategy. Meta Withdraws $25 Million from Its Midterms Push
• Negative Sentiment: Analyst-related pressure is weighing on the stock after Goldman Sachs lowered its expectations and Meta was reported down following an analyst downgrade, countering the more bullish JPMorgan view. Meta stock price down on analyst downgrade
• Negative Sentiment: Investors remain concerned that AI infrastructure spending could reach approximately $205 billion in 2027. Heavy capital expenditures are reducing free cash flow, while potential legal charges and regulatory scrutiny add to earnings risk. Meta AI spending could hit $205 billion
• Negative Sentiment: Seven U.S. senators are questioning Meta’s claim of $6.6 billion in research tax credits for AI data centers, creating potential tax liability and reputational risk. Senators question Meta AI data-center tax credits

Wall Street Analyst Weigh In

META has been the subject of a number of research reports. Daiwa Securities Group decreased their price target on shares of Meta Platforms from $790.00 to $687.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Weiss Ratings upgraded shares of Meta Platforms from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. BMO Capital Markets cut their price objective on Meta Platforms from $720.00 to $580.00 and set a “market perform” rating on the stock in a research report on Thursday, July 30th. Raymond James Financial upped their target price on Meta Platforms from $650.00 to $860.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 24th. Finally, Wells Fargo & Company upped their target price on Meta Platforms from $796.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Tuesday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $808.88.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 946 shares of the company’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $728.10, for a total value of $688,782.60. Following the sale, the chief operating officer owned 6,932 shares in the company, valued at approximately $5,047,189.20. This represents a 12.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark Zuckerberg sold 27,474 shares of Meta Platforms stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $777.44, for a total transaction of $21,359,386.56. 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 have sold 149,797 shares of company stock valued at $102,180,385 over the last quarter. Corporate insiders own 13.53% of the company’s stock.

Meta Platforms Stock Down 3.7%

Shares of META stock traded down $27.39 during mid-day trading on Friday, reaching $709.33. 20,582,358 shares of the company’s stock traded hands, compared to its average volume of 22,124,532. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $779.82. The company has a market cap of $1.81 trillion, a P/E ratio of 26.72, a P/E/G ratio of 1.27 and a beta of 1.19. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $655.78 and its 200-day moving average price is $625.86.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share for the quarter, missing analysts’ consensus estimates of $7.19 by ($1.01). The business had revenue of $60.80 billion during the quarter, compared to analysts’ expectations of $60.22 billion. Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%. The firm’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the prior year, the company earned $7.14 earnings per share. On average, equities analysts expect that Meta Platforms, Inc. will post 28.15 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Monday, September 21st were paid a dividend of $0.5250 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s payout ratio is presently 7.91%.

Meta Platforms Profile

Meta Platforms, Inc is a technology company that develops social networking, messaging, virtual and augmented reality, and artificial intelligence products. The company operates a global family of apps that includes Facebook, Instagram, Messenger, WhatsApp and Threads, enabling users to connect, communicate, share content and discover communities.

Meta generates most of its business through digital advertising displayed across its platforms. Its products serve individuals, creators, businesses and organizations in markets around the world, while its advertising tools help businesses reach audiences based on factors such as interests, activity and demographics.

Through its Reality Labs division, Meta develops virtual and augmented reality hardware, software and services, including the Meta Quest line of headsets and related experiences.