Meta Platforms, Inc. $META Shares Sold by Citizens & Northern Corp

Citizens & Northern Corp decreased its stake in Meta Platforms, Inc. (NASDAQ:META) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,621 shares of the social networking company’s stock after selling 398 shares during the period. Meta Platforms accounts for 1.7% of Citizens & Northern Corp’s portfolio, making the stock its 15th largest position. Citizens & Northern Corp’s holdings in Meta Platforms were worth $6,363,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Barnes Dennig Private Wealth Management LLC bought a new position in Meta Platforms in the 1st quarter worth about $28,000. Evergreen Private Wealth LLC raised its holdings 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 buying an additional 38 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Meta Platforms during the first quarter worth approximately $33,000. Maseco LLP acquired a new position in shares of Meta Platforms during the second quarter worth approximately $54,000. Finally, Piscataqua Savings Bank grew its holdings in Meta Platforms by 433.3% in the 2nd quarter. Piscataqua Savings Bank now owns 80 shares of the social networking company’s stock worth $59,000 after buying an additional 65 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. BMO Capital Markets boosted their price target on Meta Platforms from $610.00 to $710.00 and gave the stock a “market perform” rating in a research report on Thursday, July 31st. Sanford C. Bernstein restated an “outperform” rating and set a $870.00 price objective (down from $900.00) on shares of Meta Platforms in a research note on Thursday. Wells Fargo & Company decreased their target price on shares of Meta Platforms from $837.00 to $802.00 and set an “overweight” rating for the company in a research report on Thursday. 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 report on Thursday, July 31st. Finally, Hsbc Global Res raised shares of Meta Platforms from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $827.60.

Meta Platforms Stock Down 2.7%

Shares of Meta Platforms stock opened at $648.35 on Friday. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The firm has a market capitalization of $1.63 trillion, a PE 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. The stock’s fifty day moving average is $738.28 and its 200-day moving average is $696.73.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The firm had revenue of $51.24 billion for the quarter, compared to analysts’ expectations of $49.34 billion. During the same quarter last year, the business posted $6.03 EPS. Meta Platforms’s revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. Equities analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company 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 9.28%.

Insider Activity

In related news, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred 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 completion of the sale, the insider directly owned 27,756 shares of the company’s stock, valued at $20,900,268. This trade represents a 1.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 198,335 shares of company stock worth $153,047,009 over the last quarter. Corporate insiders own 13.61% of the company’s stock.

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.