Capital City Trust Co. FL Buys 64 Shares of Meta Platforms, Inc. $META

Capital City Trust Co. FL boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,915 shares of the social networking company’s stock after purchasing an additional 64 shares during the period. Meta Platforms comprises 1.3% of Capital City Trust Co. FL’s portfolio, making the stock its 23rd largest holding. Capital City Trust Co. FL’s holdings in Meta Platforms were worth $5,104,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in META. Pachira Investments Inc. raised its position in shares of Meta Platforms by 3.0% during the 2nd quarter. Pachira Investments Inc. now owns 488 shares of the social networking company’s stock valued at $360,000 after purchasing an additional 14 shares during the period. Shelton Wealth Management LLC raised its position in shares of Meta Platforms by 0.9% during the 2nd quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company’s stock valued at $1,302,000 after purchasing an additional 15 shares during the period. Myecfo LLC raised its position in shares of Meta Platforms by 2.0% during the 2nd quarter. Myecfo LLC now owns 776 shares of the social networking company’s stock valued at $573,000 after purchasing an additional 15 shares during the period. Kooman & Associates raised its position in shares of Meta Platforms by 2.8% during the 2nd quarter. Kooman & Associates now owns 544 shares of the social networking company’s stock valued at $402,000 after purchasing an additional 15 shares during the period. Finally, Nabity Jensen Investment Management Inc raised its position in shares of Meta Platforms by 1.1% during the 2nd quarter. Nabity Jensen Investment Management Inc now owns 1,378 shares of the social networking company’s stock valued at $1,017,000 after purchasing an additional 15 shares during the period. Institutional investors own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on META. Zacks Research downgraded shares of Meta Platforms from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Barclays lifted their price target on shares of Meta Platforms from $640.00 to $810.00 and gave the company an “overweight” rating in a report on Friday, August 1st. HSBC upgraded shares of Meta Platforms from a “hold” rating to a “buy” rating and lifted their price target for the company from $610.00 to $900.00 in a report on Thursday, July 31st. Wells Fargo & Company lifted their price target on shares of Meta Platforms from $811.00 to $837.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Finally, Sanford C. Bernstein lifted their price target on shares of Meta Platforms from $775.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $830.68.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total value of $46,557,000.00. Following the completion of the transaction, the insider directly owned 237,205 shares of the company’s stock, valued at $184,059,219.75. This trade represents a 20.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Andrew Bosworth sold 11,694 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the transaction, the chief technology officer owned 1,799 shares in the company, valued at $1,394,225. The trade was a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 213,665 shares of company stock valued at $164,575,272. Corporate insiders own 13.61% of the company’s stock.

Meta Platforms Stock Performance

Shares of NASDAQ:META opened at $705.30 on Monday. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The stock has a market capitalization of $1.77 trillion, a P/E ratio of 25.54, a PEG ratio of 1.47 and a beta of 1.20. The firm has a fifty day simple moving average of $752.20 and a two-hundred day simple moving average of $679.78. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping 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 business had revenue of $47.52 billion during the quarter, compared to analysts’ expectations of $44.55 billion. During the same period last year, the company posted $5.16 EPS. The business’s revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is presently 7.60%.

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.