Alpine Bank Wealth Management Trims Stake in Meta Platforms, Inc. $META

Alpine Bank Wealth Management lessened its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,287 shares of the social networking company’s stock after selling 41 shares during the period. Alpine Bank Wealth Management’s holdings in Meta Platforms were worth $3,164,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Inlight Wealth Management LLC purchased a new position in Meta Platforms in the 1st quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in Meta Platforms in the 1st quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Meta Platforms during the first quarter worth approximately $33,000. Evergreen Private Wealth LLC raised its stake in shares of Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after acquiring an additional 38 shares in the last quarter. Finally, JCIC Asset Management Inc. boosted its holdings 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 valued at $46,000 after purchasing an additional 40 shares during the period. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Down 2.3%

META opened at $710.56 on Friday. The company has a market cap of $1.79 trillion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 1.48 and a beta of 1.20. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The company has a 50-day moving average price of $753.21 and a 200 day moving average price of $675.45. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15.

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

Meta Platforms Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on META shares. Piper Sandler upped their target price on Meta Platforms from $808.00 to $880.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Citizens Jmp upped 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. Sanford C. Bernstein boosted their price target on shares of Meta Platforms from $775.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Stifel Nicolaus upped their price target on shares of Meta Platforms from $845.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, Morgan Stanley lifted their price objective on shares of Meta Platforms from $750.00 to $850.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $830.02.

Insiders Place Their Bets

In other news, insider Jennifer Newstead sold 519 shares of the stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $741.50, for a total value of $384,838.50. Following the completion of the sale, the insider directly owned 29,832 shares in the company, valued at $22,120,428. This represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Javier Olivan sold 517 shares of the firm’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $748.72, for a total transaction of $387,088.24. Following the completion of the transaction, the chief operating officer directly owned 10,026 shares in the company, valued at approximately $7,506,666.72. This represents a 4.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 214,182 shares of company stock valued at $164,955,168 in the last 90 days. 13.61% of the stock is 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.