Elyxium Wealth LLC Buys 675 Shares of Meta Platforms, Inc. $META

Elyxium Wealth LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 13.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,636 shares of the social networking company’s stock after acquiring an additional 675 shares during the quarter. Meta Platforms comprises approximately 1.6% of Elyxium Wealth LLC’s investment portfolio, making the stock its 16th biggest holding. Elyxium Wealth LLC’s holdings in Meta Platforms were worth $4,160,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sheridan Capital Management LLC acquired a new position in shares of Meta Platforms in the 2nd quarter valued at $290,000. Magnolia Capital Advisors LLC raised its position in Meta Platforms by 5.6% in the 2nd quarter. Magnolia Capital Advisors LLC now owns 5,145 shares of the social networking company’s stock valued at $3,797,000 after buying an additional 274 shares during the last quarter. Prosperity Consulting Group LLC lifted its position in shares of Meta Platforms by 6.5% in the second quarter. Prosperity Consulting Group LLC now owns 10,863 shares of the social networking company’s stock worth $8,018,000 after purchasing an additional 667 shares in the last quarter. Code Waechter LLC lifted its position in Meta Platforms by 17.8% during the 2nd quarter. Code Waechter LLC now owns 1,319 shares of the social networking company’s stock worth $974,000 after buying an additional 199 shares in the last quarter. Finally, Marest Capital LLC boosted its position in Meta Platforms by 6.5% during the second quarter. Marest Capital LLC now owns 4,216 shares of the social networking company’s stock valued at $3,112,000 after purchasing an additional 259 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Trading Down 0.1%

Shares of Meta Platforms stock opened at $609.46 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98. The firm has a 50-day moving average of $713.72 and a 200-day moving average of $704.14. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The stock has a market cap of $1.54 trillion, a PE ratio of 26.92, a PEG ratio of 1.35 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping the consensus estimate of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. During the same quarter in the previous year, the company earned $6.03 EPS. The business’s revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were given a dividend of $0.525 per share. The ex-dividend date of this dividend 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 currently 9.28%.

Analyst Upgrades and Downgrades

META has been the topic of a number of recent analyst reports. DA Davidson set a $825.00 target price on shares of Meta Platforms in a report on Thursday, October 30th. Guggenheim reaffirmed a “buy” rating and issued a $800.00 target price (up from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Loop Capital reiterated a “buy” rating and set a $980.00 price target (up previously from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. HSBC upgraded Meta Platforms from a “hold” rating to a “buy” rating and upped their price objective for the company from $610.00 to $900.00 in a research note on Thursday, July 31st. Finally, Barclays decreased their target price on Meta Platforms from $810.00 to $770.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $827.60.

Insiders Place Their Bets

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $726.25, for a total value of $376,923.75. Following the completion of the transaction, the insider directly owned 31,908 shares of the company’s stock, valued at $23,173,185. The trade was a 1.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 44,421 shares of company stock worth $33,573,980 in the last 90 days. Company insiders own 13.61% of the company’s stock.

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.