Meta Platforms, Inc. $META is Cullen Frost Bankers Inc.’s 8th Largest Position

Cullen Frost Bankers Inc. boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 205,652 shares of the social networking company’s stock after acquiring an additional 3,728 shares during the period. Meta Platforms accounts for about 1.9% of Cullen Frost Bankers Inc.’s investment portfolio, making the stock its 8th largest holding. Cullen Frost Bankers Inc.’s holdings in Meta Platforms were worth $151,789,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Brighton Jones LLC increased its stake in Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock valued at $20,230,000 after purchasing an additional 570 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Meta Platforms by 10.2% during 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 purchasing an additional 875 shares in the last quarter. 1776 Wealth LLC increased its stake in Meta Platforms by 137.2% during the 1st quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock valued at $673,000 after purchasing an additional 675 shares in the last quarter. Golden State Wealth Management LLC grew its stake in shares of Meta Platforms by 3.2% in the first quarter. Golden State Wealth Management LLC now owns 5,013 shares of the social networking company’s stock worth $2,889,000 after acquiring an additional 156 shares during the period. Finally, Waterfront Wealth Inc. grew its stake in shares of Meta Platforms by 6.9% in the first quarter. Waterfront Wealth Inc. now owns 716 shares of the social networking company’s stock worth $413,000 after acquiring an additional 46 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO Javier Olivan sold 517 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $749.57, for a total value of $387,527.69. Following the sale, the chief operating officer directly owned 7,958 shares of the company’s stock, valued at $5,965,078.06. This represents a 6.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $753.00, for a total transaction of $390,807.00. Following the sale, the insider directly owned 27,756 shares in the company, valued at $20,900,268. This trade represents a 1.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 198,335 shares of company stock valued at $153,047,009. Insiders own 13.61% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on META. The Goldman Sachs Group reiterated a “buy” rating on shares of Meta Platforms in a research note on Tuesday, October 14th. Citigroup cut their target price on shares of Meta Platforms from $915.00 to $850.00 and set a “buy” rating for the company in a research report on Thursday. Loop Capital reissued a “buy” rating and issued a $980.00 price objective (up from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Guggenheim reissued a “buy” rating and issued a $800.00 price objective (up from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. Finally, Jefferies Financial Group dropped their target price on shares of Meta Platforms from $950.00 to $910.00 and set a “buy” rating for the company in a research report on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $827.60.

Meta Platforms Price Performance

META stock opened at $648.35 on Friday. The company has a fifty day simple moving average of $738.28 and a two-hundred day simple moving average of $696.73. The firm has a market capitalization of $1.63 trillion, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 1.41 and a beta of 1.20. The company has a quick ratio of 1.97, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $49.34 billion. During the same quarter last year, the business earned $6.03 EPS. The business’s revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. Analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were given a $0.525 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms’s payout ratio is presently 9.28%.

Meta Platforms 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.