US Bancorp DE Purchases 17,478 Shares of Meta Platforms, Inc. $META

US Bancorp DE increased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 926,610 shares of the social networking company’s stock after acquiring an additional 17,478 shares during the period. Meta Platforms makes up about 0.9% of US Bancorp DE’s holdings, making the stock its 20th biggest position. US Bancorp DE’s holdings in Meta Platforms were worth $683,923,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Inlight Wealth Management LLC purchased a new position in Meta Platforms in the 1st quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Meta Platforms in the 1st quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Meta Platforms in the 1st quarter worth approximately $33,000. Evergreen Private Wealth LLC grew its stake in Meta Platforms by 237.5% in 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 in the last quarter. Finally, JCIC Asset Management Inc. grew its stake in Meta Platforms by 102.6% in the 1st 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 in the last quarter. Institutional investors own 79.91% of the company’s stock.

Insider Transactions at Meta Platforms

In other news, COO Javier Olivan sold 517 shares of the firm’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $713.34, for a total value of $368,796.78. Following the completion of the sale, the chief operating officer directly owned 8,992 shares of the company’s stock, valued at approximately $6,414,353.28. This trade represents a 5.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total transaction of $333,391.05. Following the completion of the sale, the director directly owned 7,947 shares of the company’s stock, valued at approximately $5,697,760.59. This represents a 5.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 214,182 shares of company stock valued at $164,933,323. Company insiders own 13.61% of the company’s stock.

Meta Platforms Trading Up 0.7%

Shares of META opened at $716.91 on Friday. The stock has a market capitalization of $1.80 trillion, a P/E ratio of 25.96, a PEG ratio of 1.49 and a beta of 1.20. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The firm has a fifty day simple moving average of $746.75 and a two-hundred day simple moving average of $683.03. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25.

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

Meta Platforms Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have commented on META shares. Pivotal Research boosted their price target on shares of Meta Platforms from $830.00 to $930.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Piper Sandler upped their price objective on shares of Meta Platforms from $808.00 to $880.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Sanford C. Bernstein upped their price objective on shares of Meta Platforms from $775.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Wedbush upped their price objective on shares of Meta Platforms from $750.00 to $920.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Finally, Scotiabank upped their price objective on shares of Meta Platforms from $675.00 to $685.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and an average target price of $830.68.

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.