---
title: "Turtle Creek Wealth Advisors LLC Acquires 2,496 Shares of Meta Platforms, Inc. $META"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296760939.md"
description: "Turtle Creek Wealth Advisors LLC increased its stake in Meta Platforms by 8.2% during Q2, acquiring 2,496 additional shares to hold a total of 33,044 shares valued at $18.6 million. This move aligns with broader institutional interest, as other firms like Vanguard and Keybank also raised their positions. Meanwhile, Meta reported strong quarterly revenue growth of 28% year-over-year but missed EPS estimates, while continuing to expand its AI ecosystem with new product launches."
datetime: "2026-08-24T09:04:44.000Z"
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  - [en](https://longbridge.com/en/news/296760939.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296760939.md)
generator: "portal-rs"
---

# Turtle Creek Wealth Advisors LLC Acquires 2,496 Shares of Meta Platforms, Inc. $META

Turtle Creek Wealth Advisors LLC raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 8.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,044 shares of the social networking company's stock after purchasing an additional 2,496 shares during the period. Meta Platforms accounts for about 1.0% of Turtle Creek Wealth Advisors LLC's portfolio, making the stock its 23rd biggest position. Turtle Creek Wealth Advisors LLC's holdings in Meta Platforms were worth $18,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Get **Meta Platforms** alerts:

-   MarketBeat Week in Review – 08/17 - 08/21

A number of other hedge funds have also recently made changes to their positions in the stock. Ashton Thomas Securities LLC grew its position in shares of Meta Platforms by 17.4% in the 1st quarter. Ashton Thomas Securities LLC now owns 18,000 shares of the social networking company's stock valued at $10,299,000 after buying an additional 2,670 shares during the last quarter. Keybank National Association OH raised its position in shares of Meta Platforms by 15.7% during the fourth quarter. Keybank National Association OH now owns 133,798 shares of the social networking company's stock worth $88,319,000 after acquiring an additional 18,169 shares during the last quarter. WMS Group LLC bought a new position in shares of Meta Platforms during the fourth quarter worth about $876,000. Vanguard Group Inc. lifted its stake in shares of Meta Platforms by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock worth $132,015,115,000 after acquiring an additional 7,269,279 shares during the period. Finally, Czech National Bank lifted its stake in shares of Meta Platforms by 4.9% in the second quarter. Czech National Bank now owns 625,079 shares of the social networking company's stock worth $352,101,000 after acquiring an additional 29,411 shares during the period. 79.91% of the stock is currently owned by institutional investors. 

## Meta Platforms Price Performance

META stock opened at $549.90 on Monday. The stock has a market capitalization of $1.40 trillion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 0.94 and a beta of 1.25. The company's 50-day moving average is $593.51 and its 200-day moving average is $614.77. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.23 and a quick ratio of 2.23. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $790.80. 

-   Meta Platform's Legal Issues Could Become Much More Than A Q2 Earnings Headache

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, July 29th. The social networking company reported $6.18 EPS for the quarter, missing analysts' consensus estimates of $7.19 by ($1.01). Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The firm had revenue of $60.80 billion during the quarter, compared to the consensus estimate of $60.22 billion. During the same period in the previous year, the firm earned $7.14 earnings per share. The business's quarterly revenue was up 28.0% on a year-over-year basis. Equities research analysts expect that Meta Platforms, Inc. will post 28.5 EPS for the current fiscal year. 

## Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 15th. Meta Platforms's dividend payout ratio (DPR) is 7.91%. 

## Meta Platforms News Summary

-   The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future

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

-   Positive Sentiment: Meta launched **Pocket** in the U.S., an AI-powered app that lets users create and share interactive games through text prompts. The product could increase engagement and expand Meta’s consumer AI ecosystem. Meta brings Pocket to U.S. users
-   Positive Sentiment: Meta introduced a Mac app for Meta AI with system-wide dictation and screen-aware assistance. The company is also pricing its new Muse Code coding agent below Anthropic and OpenAI offerings, potentially helping it attract developers and build AI adoption. Meta AI launches Mac app
-   Positive Sentiment: Meta’s core advertising business remains strong, with quarterly revenue rising 28% year over year to $60.8 billion. AI-related improvements to recommendations and ad delivery are supporting engagement, clicks and conversion efficiency. Meta drawdown analysis
-   Neutral Sentiment: Meta is contesting the Federal Trade Commission’s effort to revive monopoly charges. The company argues that Facebook and Instagram users increasingly see recommended content rather than posts from friends, a defense that could influence the case’s regulatory implications. Meta fights FTC monopoly charges
-   Neutral Sentiment: Meta’s CTO Andrew Bosworth, CFO Susan Li and insider Curtis Mahoney sold shares worth roughly $10.3 million in aggregate under pre-arranged Rule 10b5-1 plans. The transactions are limited as discretionary signals but may still affect investor sentiment. Meta insider transaction filing
-   Negative Sentiment: Child-safety and social-media addiction litigation is intensifying. Testimony alleging that some safety tools were “designed to fail” raises the possibility of major damages, mandated product changes, restrictions on engagement features and pressure on advertising monetization. Meta social media lawsuit trial
-   Negative Sentiment: Investors remain concerned that heavier AI capital spending will depress second-half free cash flow and increase financial pressure. Those concerns follow Meta’s quarterly EPS miss, despite its revenue beat, and have contributed to the stock’s year-to-date weakness. Meta stock investment analysis

## Analyst Upgrades and Downgrades

A number of research firms have weighed in on META. Citigroup decreased their target price on shares of Meta Platforms from $850.00 to $800.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Roth Capital restated a "buy" rating on shares of Meta Platforms in a research report on Thursday, April 30th. Guggenheim reaffirmed a "buy" rating and issued a $800.00 price objective on shares of Meta Platforms in a research note on Tuesday, July 28th. Weiss Ratings cut shares of Meta Platforms from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, June 26th. Finally, Wedbush lowered their target price on shares of Meta Platforms from $671.00 to $595.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, Meta Platforms presently has a consensus rating of "Moderate Buy" and a consensus price target of $785.32.

**Check Out Our Latest Report on META**

## Insider Activity

In other news, COO Javier Olivan sold 1,258 shares of the company's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $600.00, for a total transaction of $754,800.00. Following the transaction, the chief operating officer directly owned 1,517 shares of the company's stock, valued at $910,200. This represents a 45.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 500 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $561.56, for a total value of $280,780.00. Following the completion of the transaction, the director owned 2,943 shares in the company, valued at approximately $1,652,671.08. This represents a 14.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 38,502 shares of company stock valued at $22,603,485. Corporate insiders own 13.53% of the company's stock. 

## Meta Platforms Profile

(Free Report)

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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*This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.*

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**