Bangor Savings Bank Has $2.30 Million Position in Meta Platforms, Inc. $META

Bangor Savings Bank lifted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 36.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,134 shares of the social networking company’s stock after purchasing an additional 840 shares during the quarter. Bangor Savings Bank’s holdings in Meta Platforms were worth $2,302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in META. Bare Financial Services Inc acquired a new position in Meta Platforms in the 2nd quarter worth about $30,000. Evergreen Private Wealth LLC grew 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 worth $40,000 after purchasing an additional 38 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in shares of Meta Platforms during the second quarter worth about $42,000. Knuff & Co LLC acquired a new position in shares of Meta Platforms in the second quarter valued at approximately $44,000. Finally, WFA Asset Management Corp raised its holdings in Meta Platforms by 42.6% in the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after buying an additional 20 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Meta Platforms News Roundup

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Threads’ mobile daily users have reportedly passed X, indicating stronger engagement that could help ad monetization and user-growth narrative. Read More.
• Positive Sentiment: Instagram is shifting most ad inventory into Reels (over half of Instagram ads in 2025), supporting the company’s short‑form video monetization strategy. Read More.

Insider Buying and Selling at Meta Platforms

In other news, COO Javier Olivan sold 2,610 shares of the firm’s stock in a transaction on Saturday, November 15th. The stock was sold at an average price of $609.46, for a total transaction of $1,590,690.60. Following the completion of the sale, the chief operating officer directly owned 9,784 shares of the company’s stock, valued at $5,962,956.64. This trade represents a 21.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Andrew Bosworth sold 11,690 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $593.31, for a total value of $6,935,793.90. Following the completion of the transaction, the chief technology officer owned 2,415 shares in the company, valued at approximately $1,432,843.65. The trade was a 82.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 40,115 shares of company stock valued at $24,741,055 over the last 90 days. Insiders own 13.61% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on META. Rosenblatt Securities reissued a “buy” rating and set a $1,117.00 target price on shares of Meta Platforms in a report on Wednesday, January 14th. JPMorgan Chase & Co. cut their price target on shares of Meta Platforms from $875.00 to $800.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Piper Sandler decreased their price objective on Meta Platforms from $880.00 to $840.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Monness Crespi & Hardt lowered their target price on Meta Platforms from $860.00 to $808.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Finally, BNP Paribas initiated coverage on Meta Platforms in a research report on Monday, November 24th. They issued an “outperform” rating and a $800.00 price target on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $821.07.

Meta Platforms Stock Down 2.6%

Shares of NASDAQ:META opened at $604.12 on Wednesday. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98. The business’s 50-day moving average is $640.33 and its 200-day moving average is $698.52. The company has a market capitalization of $1.52 trillion, a price-to-earnings ratio of 26.68, a P/E/G ratio of 1.22 and a beta of 1.29.

Meta Platforms (NASDAQ:META) last issued its 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. The business had revenue of $51.24 billion during the quarter, compared to the consensus estimate of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The firm’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same period in the previous year, the company posted $6.03 earnings per share. Equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 15th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, December 15th. Meta Platforms’s payout ratio is presently 9.28%.

Meta Platforms Company Profile

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.