Meta Platforms, Inc. $META Stake Increased by TOWER TRUST & INVESTMENT Co

TOWER TRUST & INVESTMENT Co increased its holdings in Meta Platforms, Inc. (NASDAQ:META) by 0.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,419 shares of the social networking company’s stock after purchasing an additional 62 shares during the quarter. Meta Platforms accounts for 4.4% of TOWER TRUST & INVESTMENT Co’s investment portfolio, making the stock its 5th biggest position. TOWER TRUST & INVESTMENT Co’s holdings in Meta Platforms were worth $6,214,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in META. Kingstone Capital Partners Texas LLC increased its position in shares of Meta Platforms by 608,429.2% in the second 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 acquiring an additional 59,766,000 shares during the period. Nuveen LLC purchased a new stake in shares of Meta Platforms during the first quarter worth about $2,990,544,000. Assenagon Asset Management S.A. grew its stake in shares of Meta Platforms by 712.2% in the first quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company’s stock worth $1,462,589,000 after purchasing an additional 2,225,186 shares during the last quarter. Amundi increased its holdings in Meta Platforms by 23.5% during the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company’s stock valued at $4,111,050,000 after purchasing an additional 1,470,070 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Meta Platforms by 8.8% during 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 purchasing an additional 1,255,546 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Trading Up 1.4%

Shares of NASDAQ META opened at $727.05 on Friday. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The stock has a market cap of $1.83 trillion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 1.50 and a beta of 1.20. The firm has a 50-day moving average of $753.26 and a 200 day moving average of $673.93. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results 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 period last year, the company posted $5.16 EPS. Meta Platforms’s revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a $0.525 dividend. 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%.

Insider Activity

In other news, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00. Following the completion of the sale, the chief technology officer directly owned 1,799 shares in the company, valued at $1,394,225. The trade was a 86.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Susan J. Li sold 18,332 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer owned 84,141 shares of the company’s stock, valued at $64,343,464.11. This trade represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 214,182 shares of company stock valued at $164,955,168 over the last ninety days. 13.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on META shares. Royal Bank Of Canada boosted their target price on Meta Platforms from $740.00 to $840.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Monness Crespi & Hardt boosted their price objective on shares of Meta Platforms from $780.00 to $860.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Oppenheimer raised their target price on shares of Meta Platforms from $775.00 to $870.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. UBS Group raised their target price on shares of Meta Platforms from $812.00 to $897.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, Raymond James Financial raised their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and an average price target of $830.02.

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.