Iron Gate Global Advisors LLC Has $57.38 Million Position in Meta Platforms, Inc. $META

Key Points

• Iron Gate Global Advisors LLC reduced its stake in Meta Platforms by 1.7%, selling 1,741 shares, resulting in a total ownership of 99,556 shares valued at $57.38 million, making it the fourth largest holding in their portfolio.
• Multiple financial analysts have raised their price targets for Meta Platforms, with TD Cowen and JPMorgan Chase increasing their targets to between $875.00 and $900.00, reflecting strong market confidence in the company's performance.
• Insider trading revealed significant stock sales, with key individuals including CFO Susan J. Li selling a total of 18,332 shares, indicating a decrease in their positions and raising questions about insider confidence.

Iron Gate Global Advisors LLC lessened its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 1.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 99,556 shares of the social networking company's stock after selling 1,741 shares during the quarter. Meta Platforms comprises 7.9% of Iron Gate Global Advisors LLC's portfolio, making the stock its 4th largest position. Iron Gate Global Advisors LLC's holdings in Meta Platforms were worth $57,380,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of META. Inlight Wealth Management LLC purchased a new stake in shares of Meta Platforms during the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Meta Platforms during the first quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Meta Platforms during the first quarter valued at approximately $33,000. JCIC Asset Management Inc. grew its holdings in shares of Meta Platforms by 102.6% during the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after buying an additional 40 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. purchased a new stake in shares of Meta Platforms during the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Activity

In related news, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $755.65, for a total transaction of $390,671.05. Following the completion of the sale, the chief operating officer owned 11,577 shares in the company, valued at $8,748,160.05. This trade represents a 4.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the sale, the chief technology officer owned 1,799 shares of the company's stock, valued at $1,394,225. The trade was a 86.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 283,280 shares of company stock worth $214,119,908 over the last 90 days. Insiders own 13.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on META shares. Morgan Stanley increased their price target on shares of Meta Platforms from $750.00 to $850.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Citigroup reissued an "outperform" rating on shares of Meta Platforms in a research note on Thursday, July 31st. Benchmark raised their target price on shares of Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. DA Davidson raised their target price on shares of Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, JMP Securities raised their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a research note on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $822.41.

Meta Platforms Trading Up 0.6%

Shares of Meta Platforms stock traded up $4.69 during trading on Friday, hitting $755.59. The stock had a trading volume of 8,240,448 shares, compared to its average volume of 9,776,048. The firm's fifty day simple moving average is $741.83 and its 200-day simple moving average is $661.83. The stock has a market cap of $1.90 trillion, a PE ratio of 27.36, a PEG ratio of 1.55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released its 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. The firm had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business's revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the business earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, September 22nd. Meta Platforms's dividend payout ratio (DPR) is 7.60%.

About Meta Platforms

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.