Meta Platforms, Inc. $META Stock Holdings Reduced by Enterprise Bank & Trust Co

Enterprise Bank & Trust Co decreased its position in Meta Platforms, Inc. (NASDAQ:META) by 2.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,071 shares of the social networking company’s stock after selling 228 shares during the period. Meta Platforms comprises approximately 3.1% of Enterprise Bank & Trust Co’s portfolio, making the stock its 9th biggest holding. Enterprise Bank & Trust Co’s holdings in Meta Platforms were worth $8,171,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Inlight Wealth Management LLC purchased a new stake in shares of Meta Platforms during the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Meta Platforms during the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Meta Platforms during the first quarter worth $33,000. JCIC Asset Management Inc. lifted its position in shares of Meta Platforms by 102.6% during the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock worth $46,000 after acquiring an additional 40 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. purchased a new stake in shares of Meta Platforms during the fourth quarter worth $47,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Meta Platforms Stock Up 0.6%

META opened at $755.59 on Friday. The stock has a market cap of $1.90 trillion, a PE ratio of 27.36, a P/E/G ratio of 1.55 and a beta of 1.24. 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, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The business’s fifty day simple moving average is $741.83 and its 200 day simple moving average is $661.83.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating analysts’ consensus estimates of $5.75 by $1.39. The business had revenue of $47.52 billion for the quarter, compared to analysts’ expectations of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm’s revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, research 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 declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 22nd will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, September 22nd. Meta Platforms’s dividend payout ratio is presently 7.60%.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, 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 completion of the sale, the chief technology officer directly owned 1,799 shares in the company, valued at $1,394,225. This represents a 86.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Javier Olivan sold 517 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $755.65, for a total transaction of $390,671.05. Following the sale, the chief operating officer owned 11,577 shares of the company’s stock, valued at approximately $8,748,160.05. The trade was a 4.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 283,280 shares of company stock valued at $214,119,908. Corporate insiders own 13.61% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on META. Citizens Jmp increased their target price on Meta Platforms from $750.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. HSBC raised shares of Meta Platforms from a “hold” rating to a “buy” rating and upped their price target for the stock from $610.00 to $900.00 in a report on Thursday, July 31st. Royal Bank Of Canada upped their price target on shares of Meta Platforms from $740.00 to $840.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Roth Capital upped their price target on shares of Meta Platforms from $620.00 to $740.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Finally, Scotiabank upped their price target on shares of Meta Platforms from $675.00 to $685.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and an average target price of $822.41.

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.