Meta Platforms, Inc. $META Stake Boosted by iA Global Asset Management Inc.

iA Global Asset Management Inc. raised its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 9.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 311,686 shares of the social networking company’s stock after buying an additional 27,724 shares during the quarter. Meta Platforms comprises 3.5% of iA Global Asset Management Inc.’s portfolio, making the stock its 5th biggest holding. iA Global Asset Management Inc.’s holdings in Meta Platforms were worth $230,052,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Csenge Advisory Group lifted its stake in Meta Platforms by 12.0% during the first quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company’s stock worth $5,498,000 after purchasing an additional 1,019 shares in the last quarter. ARQ Wealth Advisors LLC boosted its position in shares of Meta Platforms by 4.5% during the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company’s stock worth $452,000 after acquiring an additional 34 shares in the last quarter. JMG Financial Group Ltd. acquired a new position in shares of Meta Platforms in the 1st quarter valued at $284,000. Infusive Asset Management Inc. increased its position in Meta Platforms by 10.7% during the first quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company’s stock worth $13,614,000 after buying an additional 2,285 shares during the period. Finally, Spirepoint Private Client LLC increased its stake in Meta Platforms by 2.7% in the second quarter. Spirepoint Private Client LLC now owns 4,080 shares of the social networking company’s stock valued at $3,011,000 after purchasing an additional 109 shares during the period. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling

In related news, insider Jennifer Newstead sold 516 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $631.00, for a total transaction of $325,596.00. Following the sale, the insider owned 26,721 shares of the company’s stock, valued at approximately $16,860,951. This trade represents a 1.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Javier Olivan sold 517 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $631.00, for a total transaction of $326,227.00. Following the completion of the sale, the chief operating officer directly owned 6,924 shares in the company, valued at approximately $4,369,044. This represents a 6.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 59,430 shares of company stock valued at $45,313,988 over the last three months. Company insiders own 13.61% of the company’s stock.

Meta Platforms Trading Down 2.9%

Shares of NASDAQ:META opened at $609.01 on Thursday. The stock has a market capitalization of $1.54 trillion, a PE ratio of 26.90, a P/E/G ratio of 1.39 and a beta of 1.20. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. The firm has a fifty day moving average price of $719.36 and a 200 day moving average price of $704.38. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The firm had revenue of $51.24 billion during the quarter, compared to the consensus estimate of $49.34 billion. During the same period in the prior year, the firm earned $6.03 EPS. The business’s revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. Analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were given a dividend of $0.525 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms’s payout ratio is presently 9.28%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on META. HSBC upgraded Meta Platforms from a “hold” rating to a “buy” rating and lifted their price target for the company from $610.00 to $900.00 in a research note on Thursday, July 31st. Cantor Fitzgerald cut their price target on Meta Platforms from $920.00 to $830.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. UBS Group lifted their target price on Meta Platforms from $900.00 to $915.00 and gave the company a “buy” rating in a report on Thursday, October 30th. The Goldman Sachs Group reiterated a “buy” rating on shares of Meta Platforms in a research note on Tuesday, October 14th. Finally, JPMorgan Chase & Co. dropped their price objective on Meta Platforms from $875.00 to $800.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus target price of $827.60.

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.