Community Bank N.A. Raises Holdings in Meta Platforms, Inc. $META

Community Bank N.A. lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 8.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 305 shares of the social networking company’s stock after purchasing an additional 25 shares during the period. Community Bank N.A.’s holdings in Meta Platforms were worth $225,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of META. Kingstone Capital Partners Texas LLC increased its stake in shares of Meta Platforms by 608,429.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock worth $44,119,937,000 after purchasing an additional 59,766,000 shares in the last quarter. Nuveen LLC purchased a new position in shares of Meta Platforms during the 1st quarter worth approximately $2,990,544,000. Amundi boosted its position in Meta Platforms by 23.5% during the first quarter. Amundi now owns 7,733,061 shares of the social networking company’s stock worth $4,111,050,000 after acquiring an additional 1,470,070 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Meta Platforms by 8.8% during the first quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock worth $8,977,361,000 after acquiring an additional 1,255,546 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Meta Platforms during the first quarter worth approximately $571,086,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Meta Platforms in a report on Wednesday, October 8th. Hsbc Global Res upgraded shares of Meta Platforms from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 31st. BMO Capital Markets lifted their target price on shares of Meta Platforms from $610.00 to $710.00 and gave the company a “market perform” rating in a report on Thursday, July 31st. Canaccord Genuity Group lifted their target price on shares of Meta Platforms from $825.00 to $850.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Finally, JMP Securities lifted their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the company a “market outperform” rating in a report on Thursday, July 31st. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $829.66.

Insider Buying and Selling

In related news, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction 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 sale, the insider owned 28,275 shares of the company’s stock, valued at $20,820,861.75. The trade was a 1.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction on Monday, October 20th. The stock was sold at an average price of $721.30, for a total transaction of $372,912.10. Following the sale, the chief operating officer directly owned 8,475 shares in the company, valued at $6,113,017.50. This trade represents a 5.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 214,182 shares of company stock valued at $164,951,541 in the last quarter. Company insiders own 13.61% of the company’s stock.

Meta Platforms Stock Performance

Meta Platforms stock opened at $734.00 on Friday. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The company has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 1.53 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The firm’s fifty day moving average price is $743.05 and its 200 day moving average price is $688.52.

Meta Platforms (NASDAQ:META) last released its quarterly 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. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter in the previous year, the firm posted $5.16 EPS. The firm’s quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently declared 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 of this dividend was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s payout ratio is 7.60%.

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.