In Q3 2025, Third Point Management, led by billionaire Daniel Loeb, increased its Meta Platforms stake by an undisclosed amount, even as the shares fell roughly 10% following a mixed earnings reaction. Meta reported 26% year-over-year revenue growth in the quarter, yet the stock’s sell-off presented what Loeb’s team views as a rare entry point. At current levels, Meta trades at approximately 22 times consensus 2026 earnings estimates, slightly below the S&P 500’s 22.3 multiple, signaling to Third Point that the social media giant is undervalued relative to peers.

Meta handedly beat analyst projections in Q3, delivering $7.25 in earnings per share versus the $6.74 consensus estimate, and generating $51.24 billion in revenue against expectations of $49.34 billion. The company’s net margin stood at 30.89%, while return on equity reached 39.35%, underscoring its efficiency in monetizing its social platforms. Advertising revenue continued to drive growth, with the core business expanding by 26.2% year-over-year, reflecting resilient demand across Facebook, Instagram and newly integrated AI-driven ad products.

Several asset managers adjusted their Meta holdings during Q3. FFG Partners LLC raised its position by 28% to 12,266 shares, valuing the stake at approximately $9.0 million, making Meta its 19th largest holding. Conversely, Marathon Asset Management trimmed its exposure by 23.6%, selling over 32,000 shares and reducing its position to 103,799 shares (worth $76.2 million), while Westend Capital Management cut its Meta allocation by 16.3%, ending the period with 24,035 shares valued at $17.7 million. Collectively, institutional investors still own nearly 80% of Meta’s shares.

Over the past three months, company insiders sold a total of 42,074 Meta shares valued at $26.3 million. CTO Andrew Bosworth led with a sale of 11,690 shares at an average of $593.31 per share (approximately $6.9 million), followed by CFO Susan J. Li’s sale of 6,875 shares at $609.46 (around $4.2 million). While insider selling can reflect portfolio diversification, the volume and timing—shortly after robust earnings—may exert additional pressure on the stock in the near term.