Harbour Trust & Investment Management Co Has $14.20 Million Stock Position in Meta Platforms, Inc. $META

Harbour Trust & Investment Management Co lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 7.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,244 shares of the social networking company’s stock after purchasing an additional 1,413 shares during the quarter. Meta Platforms makes up about 1.6% of Harbour Trust & Investment Management Co’s holdings, making the stock its 18th biggest position. Harbour Trust & Investment Management Co’s holdings in Meta Platforms were worth $14,204,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on META shares. TD Cowen raised their target price on shares of Meta Platforms from $800.00 to $875.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. BMO Capital Markets raised their target price on shares of Meta Platforms from $610.00 to $710.00 and gave the company a “market perform” rating in a research note on Thursday, July 31st. Citizens Jmp increased their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. JPMorgan Chase & Co. increased their price target on shares of Meta Platforms from $795.00 to $875.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, Mizuho set a $925.00 price target on shares of Meta Platforms and gave the company an “outperform” rating in a report on Monday, September 29th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $829.66.

Meta Platforms Price Performance

NASDAQ:META opened at $734.00 on Friday. The company has a 50-day moving average of $743.05 and a 200-day moving average of $688.52. The company has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 26.57, a PEG ratio of 1.53 and a beta of 1.20. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping analysts’ consensus estimates of $5.75 by $1.39. The company had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period last year, the firm earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is presently 7.60%.

Insider Buying and Selling at Meta Platforms

In other news, insider Christopher K. Cox sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the completion of the transaction, the insider directly owned 237,205 shares of the company’s stock, valued at approximately $184,059,219.75. This trade represents a 20.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $769.38, for a total transaction of $12,192,364.86. The disclosure for this sale can be found here. Insiders sold a total of 214,182 shares of company stock valued at $164,951,541 over the last quarter. 13.61% of the stock is currently owned by insiders.

Meta Platforms Company 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.