CNB Bank Purchases 179 Shares of Meta Platforms, Inc. $META

CNB Bank grew its position in Meta Platforms, Inc. (NASDAQ:META) by 3.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,760 shares of the social networking company’s stock after purchasing an additional 179 shares during the period. Meta Platforms makes up 2.0% of CNB Bank’s holdings, making the stock its 8th largest position. CNB Bank’s holdings in Meta Platforms were worth $4,251,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in Meta Platforms in the 1st quarter worth approximately $33,000. Evergreen Private Wealth LLC increased its stake in shares of Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after acquiring an additional 38 shares during the period. Briaud Financial Planning Inc acquired a new stake in shares of Meta Platforms in the second quarter worth $42,000. WFA Asset Management Corp increased its stake in shares of Meta Platforms by 42.6% in the second quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock worth $49,000 after acquiring an additional 20 shares during the period. Finally, Maseco LLP acquired a new stake in shares of Meta Platforms in the second quarter worth $54,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Stock Down 1.6%

Shares of META opened at $637.71 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The stock’s 50 day moving average is $735.97 and its two-hundred day moving average is $700.29. The firm has a market cap of $1.60 trillion, a P/E ratio of 28.17, a PEG ratio of 1.41 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, beating the consensus estimate of $6.74 by $0.51. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The company had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. During the same period last year, the company earned $6.03 earnings per share. Meta Platforms’s quarterly revenue was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. Analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal 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. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is 9.28%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on META. Wedbush reaffirmed an “outperform” rating and set a $920.00 price target on shares of Meta Platforms in a research report on Thursday, October 30th. Guggenheim reaffirmed a “buy” rating and set a $800.00 price target (up from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Meta Platforms in a report on Wednesday, October 8th. Scotiabank raised their target price on Meta Platforms from $675.00 to $685.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Finally, HSBC raised Meta Platforms from a “hold” rating to a “buy” rating and raised their target price for the stock from $610.00 to $900.00 in a report on Thursday, July 31st. 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 stock. According to data from MarketBeat, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus target price of $827.60.

Insider Activity

In related news, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $753.00, for a total value of $390,807.00. Following the sale, the insider directly owned 27,756 shares in the company, valued at approximately $20,900,268. The trade was a 1.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of Meta Platforms 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 owned 7,947 shares in the company, valued at approximately $5,697,760.59. The trade was a 5.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 121,456 shares of company stock worth $93,504,754 over the last 90 days. 13.61% of the stock is currently owned by company 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.