Ibex Wealth Advisors Buys 2,065 Shares of Meta Platforms, Inc. $META

Ibex Wealth Advisors boosted its position in Meta Platforms, Inc. (NASDAQ:META) by 12.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,849 shares of the social networking company’s stock after purchasing an additional 2,065 shares during the period. Meta Platforms comprises approximately 1.5% of Ibex Wealth Advisors’ portfolio, making the stock its 13th biggest holding. Ibex Wealth Advisors’ holdings in Meta Platforms were worth $13,912,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of META. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Meta Platforms in the 1st quarter worth about $33,000. Evergreen Private Wealth LLC boosted its position in Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after purchasing an additional 38 shares during the period. Briaud Financial Planning Inc purchased a new position in shares of Meta Platforms in the second quarter worth about $42,000. WFA Asset Management Corp raised its position in shares of Meta Platforms by 42.6% in the second quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after purchasing an additional 20 shares during the period. Finally, Maseco LLP bought a new stake in shares of Meta Platforms in the second quarter valued at approximately $54,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, COO Javier Olivan sold 517 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $604.23, for a total value of $312,386.91. Following the completion of the sale, the chief operating officer directly owned 15,302 shares of the company’s stock, valued at $9,245,927.46. This represents a 3.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Aaron Anderson sold 726 shares of Meta Platforms stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $591.60, for a total transaction of $429,501.60. Following the transaction, the chief accounting officer owned 6,035 shares in the company, valued at approximately $3,570,306. This trade represents a 10.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 41,959 shares of company stock worth $26,906,323 in the last ninety days. Corporate insiders own 13.61% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on META. Benchmark downgraded shares of Meta Platforms from a “buy” rating to a “hold” rating in a report on Thursday, October 30th. Morgan Stanley boosted their target price on Meta Platforms from $750.00 to $850.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. HSBC raised Meta Platforms from a “hold” rating to a “buy” rating and raised their price objective for the company from $610.00 to $900.00 in a research note on Thursday, July 31st. KeyCorp lowered their price target on shares of Meta Platforms from $905.00 to $875.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, Jefferies Financial Group dropped their price objective on Meta Platforms from $950.00 to $910.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $825.05.

Meta Platforms Trading Up 0.9%

Shares of META stock opened at $594.25 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98. The company has a market cap of $1.50 trillion, a price-to-earnings ratio of 26.25, a PEG ratio of 1.23 and a beta of 1.20. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The firm has a fifty day moving average price of $697.66 and a 200-day moving average price of $704.84.

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

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid 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 0.4%. Meta Platforms’s payout ratio is 9.28%.

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.