Keybank National Association OH Buys 3,069 Shares of Meta Platforms, Inc. $META

Keybank National Association OH grew its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,239 shares of the social networking company’s stock after buying an additional 3,069 shares during the period. Keybank National Association OH’s holdings in Meta Platforms were worth $84,319,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after purchasing an additional 570 shares during the period. Revolve Wealth Partners LLC increased its position in shares of Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after buying an additional 875 shares in the last quarter. 1776 Wealth LLC increased its position in shares of Meta Platforms by 137.2% in the 1st quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock valued at $673,000 after buying an additional 675 shares in the last quarter. Smart Money Group LLC raised its stake in Meta Platforms by 20.4% during the 1st quarter. Smart Money Group LLC now owns 2,052 shares of the social networking company’s stock worth $1,182,000 after buying an additional 348 shares during the period. Finally, Spear Holdings RSC Ltd bought a new position in Meta Platforms during the first quarter worth about $37,463,000. 79.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Needham & Company LLC restated a “hold” rating on shares of Meta Platforms in a report on Thursday, October 30th. Guggenheim reissued a “buy” rating and set a $800.00 target price (up from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. Royal Bank Of Canada cut their price target on shares of Meta Platforms from $840.00 to $810.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Citigroup reduced their price target on shares of Meta Platforms from $915.00 to $850.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Meta Platforms in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $827.60.

Insider Activity

In other Meta Platforms news, CTO Andrew Bosworth sold 11,694 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $9,062,850.00. Following the completion of the transaction, the chief technology officer directly owned 1,799 shares in the company, valued at $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Susan J. Li sold 18,332 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the sale, the chief financial officer owned 84,141 shares in the company, valued at approximately $64,343,464.11. This represents a 17.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 75,281 shares of company stock valued at $57,948,936. Corporate insiders own 13.61% of the company’s stock.

Meta Platforms Stock Performance

Shares of META stock opened at $621.71 on Monday. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The company’s fifty day simple moving average is $726.22 and its 200-day simple moving average is $703.79. The firm has a market cap of $1.57 trillion, a PE ratio of 27.46, a P/E/G ratio of 1.38 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 (NASDAQ:META) last issued its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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 earned $6.03 EPS. The company’s revenue was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. Equities research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio is presently 9.28%.

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.