IFG Advisors LLC Boosts Holdings in Meta Platforms, Inc. $META

IFG Advisors LLC raised its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 18.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,223 shares of the social networking company's stock after purchasing an additional 505 shares during the quarter. IFG Advisors LLC's holdings in Meta Platforms were worth $2,379,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of META. Brighton Jones LLC raised its position in shares of Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after acquiring an additional 570 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after acquiring an additional 875 shares during the period. GAMMA Investing LLC raised its position in shares of Meta Platforms by 16.7% in the first quarter. GAMMA Investing LLC now owns 40,691 shares of the social networking company's stock worth $23,453,000 after acquiring an additional 5,829 shares during the period. 1776 Wealth LLC raised its position in shares of Meta Platforms by 137.2% in the first quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company's stock worth $673,000 after acquiring an additional 675 shares during the period. Finally, LifeSteps Financial Inc. raised its position in shares of Meta Platforms by 3.8% in the first quarter. LifeSteps Financial Inc. now owns 1,069 shares of the social networking company's stock worth $616,000 after acquiring an additional 39 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Buying and Selling at Meta Platforms

In other news, COO Javier Olivan sold 517 shares of the stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $721.30, for a total value of $372,912.10. Following the completion of the sale, the chief operating officer owned 8,475 shares of the company's stock, valued at $6,113,017.50. This represents a 5.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $736.37, for a total transaction of $382,176.03. Following the completion of the sale, the insider directly owned 28,275 shares of the company's stock, valued at approximately $20,820,861.75. This trade represents a 1.80% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 214,182 shares of company stock worth $164,951,541. Insiders own 13.61% of the company's stock.

Meta Platforms Stock Up 0.6%

META opened at $738.36 on Friday. The company has a market cap of $1.85 trillion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 1.56 and a beta of 1.20. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The company has a 50-day moving average price of $742.11 and a 200 day moving average price of $690.10.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. The company had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. Meta Platforms's quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued 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 Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Benchmark upped their price objective on shares of Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Mizuho set a $925.00 price objective on shares of Meta Platforms and gave the stock an "outperform" rating in a research report on Monday, September 29th. Zacks Research upgraded shares of Meta Platforms from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 20th. Citizens Jmp upped their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, JMP Securities upped their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a "market outperform" rating in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Meta Platforms has an average rating of "Buy" and an average target price of $829.66.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.