First National Bank of Mount Dora Trust Investment Services Purchases 267 Shares of Meta Platforms, Inc. $META

First National Bank of Mount Dora Trust Investment Services grew its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 11,693 shares of the social networking company’s stock after acquiring an additional 267 shares during the quarter. Meta Platforms comprises approximately 1.9% of First National Bank of Mount Dora Trust Investment Services’ holdings, making the stock its 19th largest holding. First National Bank of Mount Dora Trust Investment Services’ holdings in Meta Platforms were worth $8,630,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Meta Platforms during the 1st quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Meta Platforms during the 1st quarter valued at approximately $33,000. Evergreen Private Wealth LLC boosted its position in shares of Meta Platforms by 237.5% during the 2nd 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 during the last quarter. Maseco LLP bought a new position in shares of Meta Platforms during the 2nd quarter valued at approximately $54,000. Finally, eCIO Inc. bought a new stake in Meta Platforms in the first quarter worth $58,000. 79.91% of the stock is currently owned by institutional investors.

Insider Activity at Meta Platforms

In other Meta Platforms news, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $716.97, for a total transaction of $333,391.05. Following the transaction, the director directly owned 7,947 shares in the company, valued at $5,697,760.59. This represents a 5.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer Newstead sold 519 shares of the business’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $736.37, for a total transaction of $382,176.03. Following the completion of the sale, the insider owned 28,275 shares of the company’s stock, valued at approximately $20,820,861.75. This represents a 1.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold 213,665 shares of company stock worth $164,581,886 in the last 90 days. 13.61% of the stock is owned by corporate insiders.

Meta Platforms Trading Up 0.6%

Shares of META opened at $738.36 on Monday. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a 50-day moving average of $742.11 and a 200 day moving average of $692.08. The firm has a market capitalization of $1.85 trillion, a price-to-earnings ratio of 26.73, a PEG ratio of 1.57 and a beta of 1.20. 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 announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share 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 analyst estimates of $44.55 billion. During the same quarter last year, the business posted $5.16 EPS. The firm’s revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is presently 7.60%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Needham & Company LLC upgraded Meta Platforms from an “underperform” rating to a “hold” rating in a research report on Thursday, July 3rd. Truist Financial set a $880.00 target price on shares of Meta Platforms in a report on Thursday, September 18th. Royal Bank Of Canada raised their target price on shares of Meta Platforms from $740.00 to $840.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Wells Fargo & Company raised their target price on shares of Meta Platforms from $811.00 to $837.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Finally, Bank of America raised their target price on shares of Meta Platforms from $775.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Meta Platforms presently has a consensus rating of “Buy” and an average target price of $829.66.

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.