Meta Platforms, Inc. $META Stock Bought by IPG Investment Advisors LLC

IPG Investment Advisors LLC boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 21.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,502 shares of the social networking company’s stock after purchasing an additional 3,558 shares during the period. Meta Platforms comprises approximately 2.1% of IPG Investment Advisors LLC’s holdings, making the stock its 11th largest holding. IPG Investment Advisors LLC’s holdings in Meta Platforms were worth $14,868,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Horizons Wealth Management purchased a new position in shares of Meta Platforms during the third quarter valued at approximately $33,000. Advantage Trust Co bought a new position in shares of Meta Platforms during the second quarter valued at approximately $28,000. Philadelphia Investment Partners LLC bought a new position in shares of Meta Platforms during the second quarter valued at approximately $32,000. Axiom Investment Management LLC purchased a new stake in Meta Platforms in the first quarter worth $36,000. Finally, Schuylkill Financial LLC purchased a new stake in Meta Platforms in the second quarter worth $36,000. Institutional investors own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In other news, COO Javier Olivan sold 946 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $614.15, for a total value of $580,985.90. Following the completion of the transaction, the chief operating officer owned 4,094 shares in the company, valued at $2,514,330.10. The trade was a 18.77% decrease in their ownership of the stock. The transaction 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. Over the last three months, insiders sold 149,398 shares of company stock valued at $102,134,435. 13.42% of the stock is currently owned by company insiders.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Meta launched Spaces, a collaboration feature for its Muse AI agents, following the rollout of Muse Voice. The new offerings may help strengthen user engagement and expand Meta’s consumer AI ecosystem. Meta introduces Spaces
• Positive Sentiment: Recent earnings commentary points to AI supporting Meta’s advertising operations, reinforcing the potential for the company’s AI investments to generate revenue. Takeaways from recent earnings
• Neutral Sentiment: Meta paused planned updates to its terms and is keeping existing rules in place. The move avoids an immediate policy change, though the underlying issues remain unresolved. Meta pauses planned terms updates
• Neutral Sentiment: Plans for new nonvoting Class C shares have been described as effectively creating a 2-for-1 split. A split changes the number of shares, but does not by itself change the company’s underlying value; the structure preserves Mark Zuckerberg’s voting control. Is Meta Platforms next for a stock split?
• Negative Sentiment: Meta and other platforms sued to block California restrictions on social-media features for users under 16. The case adds regulatory uncertainty and potential legal costs. Platforms sue over California teen social-media law
• Negative Sentiment: Meta warned that political backlash and possible limits on data-center construction could complicate its AI expansion. Its $15 billion senior-notes offering also highlights the scale of financing required for investment. Data-center expansion concerns
• Negative Sentiment: Reported ETF net selling and insider share sales may add short-term pressure, although the disclosed insider transaction was made under a pre-arranged trading plan. ETFs are net sellers of Meta Platforms

Analyst Ratings Changes

META has been the topic of several recent analyst reports. Piper Sandler cut their price target on shares of Meta Platforms from $875.00 to $850.00 and set an “overweight” rating on the stock in a report on Thursday, October 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Meta Platforms from $750.00 to $820.00 and gave the stock a “buy” rating in a report on Friday, September 25th. KeyCorp raised their target price on shares of Meta Platforms from $900.00 to $905.00 and gave the stock an “overweight” rating in a research report on Thursday, October 22nd. Phillip Securities raised shares of Meta Platforms from a “buy” rating to a “strong-buy” rating and dropped their target price for the stock from $795.00 to $750.00 in a research report on Monday, August 3rd. Finally, DZ Bank reaffirmed a “buy” rating on shares of Meta Platforms in a research note on Thursday, July 30th. Three analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus price target of $833.12.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $610.15 on Monday. The stock has a market capitalization of $1.56 trillion, a price-to-earnings ratio of 20.80, a PEG ratio of 1.06 and a beta of 1.28. The stock has a fifty day simple moving average of $674.97 and a two-hundred day simple moving average of $632.16. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $779.82. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.30.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Thursday, October 22nd. The social networking company reported $7.40 EPS for the quarter, beating the consensus estimate of $6.54 by $0.86. Meta Platforms had a net margin of 31.15% and a return on equity of 30.73%. The company had revenue of $64.60 billion for the quarter, compared to the consensus estimate of $63.34 billion. During the same period in the prior year, the firm posted $7.25 EPS. Meta Platforms’s revenue for the quarter was up 26.1% on a year-over-year basis. On average, research analysts anticipate that Meta Platforms, Inc. will post 29.01 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 28th. Shareholders of record on Monday, September 21st were paid a dividend of $0.5250 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, September 21st. Meta Platforms’s dividend payout ratio (DPR) is currently 7.16%.

Meta Platforms Profile

Meta Platforms, Inc is a global technology company that develops social networking, messaging, and digital communication products. Its services include Facebook, Instagram, WhatsApp, Messenger, and Threads, which connect people and help businesses reach audiences around the world.

The company also develops virtual and augmented reality products and technologies through its Reality Labs division, including Quest headsets and related software and services. Advertising is a central part of Meta’s business, with its platforms providing tools for businesses to promote products and services.

Founded in 2004 as Facebook by Mark Zuckerberg and fellow students, the company changed its name to Meta Platforms in 2021 to reflect its broader focus on building social technologies and immersive digital experiences.