AMG National Trust Bank Purchases 1,325 Shares of Meta Platforms, Inc. $META

Key Points

• AMG National Trust Bank increased its Meta Platforms stake by 10.9% in the first quarter, buying 1,325 more shares and bringing its total holding to 13,532 shares worth about $7.74 million.
• Meta reported strong first-quarter results, with EPS of $10.44 versus $6.67 expected and revenue of $56.31 billion, up 33.1% year over year.
• Wall Street remains bullish overall: analysts assign Meta a Moderate Buy consensus with an average price target of $830.45, though some insiders recently sold shares under pre-arranged trading plans.

AMG National Trust Bank increased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 10.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,532 shares of the social networking company's stock after buying an additional 1,325 shares during the quarter. AMG National Trust Bank's holdings in Meta Platforms were worth $7,742,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Retirement Planning Group LLC boosted its stake in Meta Platforms by 15.2% in the 1st quarter. Retirement Planning Group LLC now owns 4,078 shares of the social networking company's stock worth $2,333,000 after purchasing an additional 538 shares during the period. Mattern Capital Management LLC lifted its holdings in shares of Meta Platforms by 8.9% in the first quarter. Mattern Capital Management LLC now owns 2,311 shares of the social networking company's stock valued at $1,322,000 after purchasing an additional 189 shares in the last quarter. Sterling Group Wealth Management LLC lifted its holdings in shares of Meta Platforms by 37.2% in the first quarter. Sterling Group Wealth Management LLC now owns 800 shares of the social networking company's stock valued at $458,000 after purchasing an additional 217 shares in the last quarter. Objective Capital Management LLC boosted its position in shares of Meta Platforms by 43.4% during the first quarter. Objective Capital Management LLC now owns 793 shares of the social networking company's stock worth $454,000 after buying an additional 240 shares during the period. Finally, Bryn Mawr Trust Advisors LLC boosted its position in shares of Meta Platforms by 2.3% during the first quarter. Bryn Mawr Trust Advisors LLC now owns 23,919 shares of the social networking company's stock worth $13,685,000 after buying an additional 529 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $646.01 on Monday. The stock has a market cap of $1.63 trillion, a P/E ratio of 23.48, a P/E/G ratio of 1.14 and a beta of 1.25. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $796.25. The business's 50 day moving average is $603.17 and its 200-day moving average is $626.78.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, beating the consensus estimate of $6.67 by $3.77. The business had revenue of $56.31 billion during the quarter, compared to analysts' expectations of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The firm's revenue was up 33.1% on a year-over-year basis. During the same period last year, the business earned $6.43 earnings per share. Equities research analysts predict that Meta Platforms, Inc. will post 29.46 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were given 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, June 15th. Meta Platforms's dividend payout ratio (DPR) is 7.63%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Barclays lifted their target price on Meta Platforms from $800.00 to $830.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Wolfe Research reduced their price target on Meta Platforms from $850.00 to $800.00 and set an "outperform" rating for the company in a research report on Friday, April 10th. Roth Capital reaffirmed a "buy" rating on shares of Meta Platforms in a research note on Thursday, April 30th. Wedbush assumed coverage on shares of Meta Platforms in a report on Thursday. They issued a "neutral" rating and a $671.00 price objective on the stock. Finally, Raymond James Financial raised shares of Meta Platforms from an "underperform" rating to an "outperform" rating in a research report on Tuesday, June 2nd. Three investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $830.45.

Insider Activity

In other Meta Platforms news, insider Curtis J. Mahoney sold 2,079 shares of the business's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the transaction, the insider owned 1,118 shares of the company's stock, valued at $681,890.56. The trade was a 65.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 3,348 shares of the company's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $600.97, for a total value of $2,012,047.56. Following the completion of the sale, the chief operating officer owned 9,498 shares in the company, valued at $5,708,013.06. This represents a 26.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 37,948 shares of company stock worth $23,184,319. Insiders own 13.53% of the company's stock.

Meta Platforms News Summary

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

• Positive Sentiment: Meta is reportedly in early talks to lease computing power to Anthropic in a potential deal worth up to $10 billion. Investors view that as a possible new revenue stream that would help Meta monetize its AI infrastructure and validate demand for its computing capacity. Article Title
• Positive Sentiment: Meta also unveiled its newest AI model, Muse Spark 1.1, and the company is reportedly considering a broader cloud push. Together, those moves reinforce the idea that Meta can turn heavy AI spending into products and services that generate returns. Article Title
• Positive Sentiment: Analysts remain constructive on Meta’s earnings outlook, with Erste Group raising its FY2027 EPS estimate and maintaining a Buy rating. That adds to the bullish case heading into the next earnings report. Article Title
• Neutral Sentiment: A federal judge declined to block Meta from laying off workers who filed an AI discrimination lawsuit. The ruling removes an immediate legal obstacle, but the underlying claims over alleged bias in AI-driven job cuts still create headline risk. Article Title
• Negative Sentiment: Meta is also facing scrutiny from employees over AI-assisted layoffs, with allegations that its tools discriminated against protected groups. That could keep legal and reputational pressure on the stock. Article Title

Meta Platforms 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.

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