Meta Platforms, Inc. $META Shares Bought by 1ST Source Bank

1ST Source Bank raised its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 8.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,038 shares of the social networking company's stock after purchasing an additional 449 shares during the quarter. 1ST Source Bank's holdings in Meta Platforms were worth $4,457,000 at the end of the most recent reporting period.

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Several other institutional investors have also recently modified their holdings of META. Evergreen Private Wealth LLC raised its position in Meta Platforms by 237.5% during the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock worth $40,000 after buying an additional 38 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms in the first quarter worth $33,000. Briaud Financial Planning Inc purchased a new position in shares of Meta Platforms during the second quarter worth $42,000. WFA Asset Management Corp lifted its position in Meta Platforms by 42.6% during 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 acquired a new position in Meta Platforms during the second quarter valued at $54,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Meta Platforms news, CFO Susan J. Li sold 6,875 shares of the company's stock in a transaction on Saturday, November 15th. The stock was sold at an average price of $609.46, for a total value of $4,190,037.50. Following the completion of the sale, the chief financial officer directly owned 88,370 shares in the company, valued at $53,857,980.20. This represents a 7.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert M. Kimmitt sold 600 shares of Meta Platforms stock in a transaction on Monday, November 17th. The stock was sold at an average price of $609.35, for a total value of $365,610.00. Following the transaction, the director owned 7,347 shares in the company, valued at approximately $4,476,894.45. This represents a 7.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 29,024 shares of company stock valued at $19,233,987. Insiders own 13.61% of the company's stock.

Analysts Set New Price Targets

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A number of equities analysts have weighed in on META shares. JMP Securities lifted their price objective on Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a research note on Thursday, July 31st. Citizens Jmp lifted their price target on Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Benchmark lowered Meta Platforms from a "buy" rating to a "hold" rating in a research report on Thursday, October 30th. Bank of America dropped their price objective on shares of Meta Platforms from $900.00 to $810.00 and set a "buy" rating on the stock in a research note on Thursday, October 30th. Finally, Roth Capital reiterated a "buy" rating on shares of Meta Platforms in a research note on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $825.05.

View Our Latest Analysis on META

Meta Platforms Price Performance

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Meta Platforms stock opened at $590.32 on Thursday. The company has a fifty day simple moving average of $704.12 and a 200-day simple moving average of $705.68. The firm has a market capitalization of $1.49 trillion, a price-to-earnings ratio of 26.07, a PEG ratio of 1.25 and a beta of 1.20. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $49.34 billion. During the same period in the previous year, the business posted $6.03 earnings per share. Meta Platforms's quarterly revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. On average, equities analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, September 22nd. Meta Platforms's payout ratio is currently 9.28%.

About Meta Platforms

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.

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