Glenview Trust co Has $112.45 Million Holdings in Meta Platforms, Inc. $META

Glenview Trust co grew its holdings in Meta Platforms, Inc. (NASDAQ:META) by 2.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 195,097 shares of the social networking company’s stock after acquiring an additional 3,839 shares during the period. Meta Platforms accounts for approximately 2.2% of Glenview Trust co’s holdings, making the stock its 9th largest position. Glenview Trust co’s holdings in Meta Platforms were worth $112,446,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC bought a new stake in Meta Platforms in the first quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Meta Platforms in the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms in the first quarter worth $33,000. JCIC Asset Management Inc. lifted its stake in shares of Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock worth $46,000 after buying an additional 40 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. acquired a new stake in shares of Meta Platforms in the fourth quarter worth $47,000. 79.91% of the stock is owned by institutional investors.

Meta Platforms Trading Up 1.8%

Shares of META stock opened at $765.70 on Wednesday. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The stock has a market cap of $1.92 trillion, a price-to-earnings ratio of 27.72, a P/E/G ratio of 1.55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a fifty day moving average of $739.60 and a 200-day moving average of $660.03.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company had revenue of $47.52 billion during the quarter, compared to analysts’ expectations of $44.55 billion. During the same quarter in the prior year, the company posted $5.16 EPS. The business’s revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Christopher K. Cox sold 60,000 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total value of $46,557,000.00. Following the completion of the transaction, the insider owned 237,205 shares in the company, valued at approximately $184,059,219.75. This represents a 20.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Susan J. Li sold 18,332 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the completion of the transaction, the chief financial officer owned 84,141 shares of the company’s stock, valued at approximately $64,343,464.11. This represents a 17.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 282,244 shares of company stock worth $213,336,095. 13.61% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Bank of America boosted their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Citizens Jmp boosted their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. KeyCorp boosted their price objective on shares of Meta Platforms from $800.00 to $905.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Monness Crespi & Hardt upped their target price on shares of Meta Platforms from $780.00 to $860.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Barclays upped their target price on shares of Meta Platforms from $640.00 to $810.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $822.41.

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.