Fortis Capital Advisors LLC Grows Stock Position in Meta Platforms, Inc. $META

Fortis Capital Advisors LLC raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 11,001 shares of the social networking company’s stock after buying an additional 84 shares during the period. Meta Platforms comprises about 1.5% of Fortis Capital Advisors LLC’s portfolio, making the stock its 15th largest holding. Fortis Capital Advisors LLC’s holdings in Meta Platforms were worth $8,120,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of META. Inlight Wealth Management LLC purchased a new stake in shares of Meta Platforms in the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Meta Platforms during the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Meta Platforms during the first quarter worth $33,000. Evergreen Private Wealth LLC raised its stake in shares of Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after acquiring an additional 38 shares in the last quarter. Finally, JCIC Asset Management Inc. raised its stake in shares of Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock valued at $46,000 after acquiring an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insiders Place Their Bets

In other news, COO Javier Olivan sold 517 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $704.81, for a total transaction of $364,386.77. Following the transaction, the chief operating officer owned 9,509 shares in the company, valued at $6,702,038.29. This represents a 5.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $716.98, for a total transaction of $372,112.62. Following the transaction, the insider owned 29,313 shares in the company, valued at approximately $21,016,834.74. This trade represents a 1.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 214,182 shares of company stock worth $164,946,219 in the last quarter. 13.61% of the stock is currently owned by corporate insiders.

Meta Platforms Price Performance

NASDAQ META opened at $705.30 on Friday. The company has a 50-day moving average price of $752.20 and a two-hundred day moving average price of $678.77. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.77 trillion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 1.53 and a beta of 1.20. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the firm posted $5.16 earnings per share. The business’s revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were given a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s dividend payout ratio is presently 7.60%.

Wall Street Analyst Weigh In

META has been the subject of several analyst reports. Citigroup reaffirmed an “outperform” rating on shares of Meta Platforms in a research report on Thursday, July 31st. Roth Capital lifted their price target on shares of Meta Platforms from $620.00 to $740.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Robert W. Baird lifted their price objective on Meta Platforms from $635.00 to $740.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. Piper Sandler lifted their target price on shares of Meta Platforms from $808.00 to $880.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Finally, TD Cowen boosted their price objective on shares of Meta Platforms from $800.00 to $875.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $830.68.

Meta Platforms Company 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.