Texas Bank & Trust Co Acquires 1,103 Shares of Meta Platforms, Inc. $META

Texas Bank & Trust Co lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 305.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,464 shares of the social networking company’s stock after purchasing an additional 1,103 shares during the quarter. Texas Bank & Trust Co’s holdings in Meta Platforms were worth $1,081,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC grew its position in Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after acquiring an additional 570 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after purchasing an additional 875 shares during the last quarter. 1776 Wealth LLC lifted its stake in Meta Platforms by 137.2% during the first quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock worth $673,000 after purchasing an additional 675 shares during the last quarter. Smart Money Group LLC boosted its holdings in shares of Meta Platforms by 20.4% in the 1st quarter. Smart Money Group LLC now owns 2,052 shares of the social networking company’s stock worth $1,182,000 after purchasing an additional 348 shares in the last quarter. Finally, Berbice Capital Management LLC increased its position in shares of Meta Platforms by 4.3% during the 1st quarter. Berbice Capital Management LLC now owns 18,675 shares of the social networking company’s stock valued at $10,764,000 after purchasing an additional 770 shares during the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

META has been the subject of a number of recent research reports. JMP Securities boosted their target price on Meta Platforms from $750.00 to $900.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 31st. UBS Group lifted their price target on shares of Meta Platforms from $900.00 to $915.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Rosenblatt Securities boosted their price objective on shares of Meta Platforms from $1,086.00 to $1,117.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Wedbush reaffirmed an “outperform” rating and issued a $920.00 price objective on shares of Meta Platforms in a research note on Thursday, October 30th. Finally, Truist Financial decreased their target price on shares of Meta Platforms from $900.00 to $875.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and seven have assigned 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 Up 0.1%

Shares of NASDAQ:META opened at $609.89 on Friday. The company has a market cap of $1.54 trillion, a PE ratio of 26.94, a P/E/G ratio of 1.35 and a beta of 1.20. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The stock’s 50-day moving average is $716.58 and its 200 day moving average is $703.72. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98.

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

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were 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 of this dividend was Monday, September 22nd. Meta Platforms’s payout ratio is presently 9.28%.

Insider Activity

In related news, CTO Andrew Bosworth sold 11,694 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $9,062,850.00. Following the sale, the chief technology officer directly owned 1,799 shares of the company’s stock, valued at $1,394,225. This represents a 86.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jennifer Newstead sold 519 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $726.25, for a total value of $376,923.75. Following the transaction, the insider directly owned 31,908 shares of the company’s stock, valued at $23,173,185. This represents a 1.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 44,421 shares of company stock worth $33,573,980 in the last quarter. 13.61% of the stock is owned by company insiders.

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.