WPG Advisers LLC Acquires New Position in Meta Platforms, Inc. $META

Key Points

• WPG Advisers LLC acquired 1,325 shares of Meta Platforms, valued at approximately $764,000, making up 0.7% of their investment portfolio.
• Meta's stock has received multiple upgrades from analysts, with price targets raised by institutions like JPMorgan Chase and UBS Group, reflecting a consensus rating of "Moderate Buy".
• Insider transactions revealed significant sales, with Christopher K. Cox selling 60,000 shares for about $46.6 million, reflecting a 20.19% decrease in ownership.

WPG Advisers LLC acquired a new stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,325 shares of the social networking company's stock, valued at approximately $764,000. Meta Platforms comprises 0.7% of WPG Advisers LLC's holdings, making the stock its 21st biggest position.

A number of other large investors have also added to or reduced their stakes in the business. Lantern Wealth Advisors LLC increased its position in shares of Meta Platforms by 0.5% during the fourth quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock worth $1,743,000 after purchasing an additional 14 shares in the last quarter. ABLE Financial Group LLC increased its position in Meta Platforms by 0.7% in the 4th quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock valued at $1,251,000 after acquiring an additional 15 shares during the period. Cedar Point Capital Partners LLC boosted its holdings in Meta Platforms by 2.2% in the 1st quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock valued at $433,000 after purchasing an additional 16 shares in the last quarter. Mosaic Family Wealth Partners LLC boosted its holdings in Meta Platforms by 1.2% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,435 shares of the social networking company's stock valued at $840,000 after purchasing an additional 17 shares in the last quarter. Finally, Orin Green Financial LLC boosted its holdings in Meta Platforms by 2.2% in the 4th quarter. Orin Green Financial LLC now owns 795 shares of the social networking company's stock valued at $465,000 after purchasing an additional 17 shares in the last quarter. Institutional investors own 79.91% of the company's stock.

Insiders Place Their Bets

In other news, insider Christopher K. Cox sold 60,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the transaction, the insider owned 237,205 shares in the company, valued at approximately $184,059,219.75. The trade was a 20.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Susan J. Li sold 18,332 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the completion of the sale, the chief financial officer directly owned 84,141 shares in the company, valued at approximately $64,343,464.11. The trade was a 17.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 312,767 shares of company stock valued at $234,716,347 in the last quarter. Insiders own 13.61% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on META shares. Needham & Company LLC raised Meta Platforms from an "underperform" rating to a "hold" rating in a research note on Thursday, July 3rd. Citizens Jmp boosted their price target on Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. DA Davidson upped their price objective on Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Morgan Stanley upped their price objective on Meta Platforms from $750.00 to $850.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, Canaccord Genuity Group boosted their price objective on Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $822.41.

Meta Platforms Price Performance

NASDAQ:META traded down $10.90 during midday trading on Tuesday, hitting $727.80. 4,567,851 shares of the stock were exchanged, compared to its average volume of 14,942,572. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The company has a market capitalization of $1.83 trillion, a price-to-earnings ratio of 26.35, a P/E/G ratio of 1.53 and a beta of 1.24. The business has a 50-day moving average price of $736.54 and a two-hundred day moving average price of $657.96. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. During the same quarter in the previous year, the business posted $5.16 earnings per share. The firm's quarterly revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

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.