BTC Capital Management Inc. Has $27.90 Million Position in Meta Platforms, Inc. $META

Key Points

• BTC Capital Management Inc. increased its stake in Meta Platforms by 20.1% in Q2, holding a total of $27.90 million worth, which represents 2.3% of its investment portfolio.
• Meta Platforms recently reported $7.14 EPS for the quarter, beating estimates, with revenue of $47.52 billion, a 21.6% increase year-over-year.
• The company declared a quarterly dividend of $0.525 per share, with an annualized yield of 0.3%, scheduled for payment on September 29th.

BTC Capital Management Inc. grew its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 20.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 37,932 shares of the social networking company's stock after acquiring an additional 6,352 shares during the period. Meta Platforms accounts for approximately 2.3% of BTC Capital Management Inc.'s investment portfolio, making the stock its 10th biggest position. BTC Capital Management Inc.'s holdings in Meta Platforms were worth $27,903,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Inlight Wealth Management LLC bought a new position in Meta Platforms during the 1st quarter worth $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Meta Platforms in the 1st quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms in the 1st quarter valued at about $33,000. JCIC Asset Management Inc. grew its stake in shares of Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after buying an additional 40 shares during the period. Finally, Piscataqua Savings Bank grew its stake in shares of Meta Platforms by 433.3% in the 2nd quarter. Piscataqua Savings Bank now owns 80 shares of the social networking company's stock valued at $59,000 after buying an additional 65 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Stock Down 1.3%

META opened at $755.40 on Wednesday. The company has a fifty day moving average price of $748.84 and a 200-day moving average price of $667.85. The firm has a market capitalization of $1.90 trillion, a P/E ratio of 27.35, a price-to-earnings-growth ratio of 1.60 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly 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 firm had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business's revenue for the quarter was up 21.6% on a year-over-year basis. During the same period in the previous year, the business earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be 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 is Monday, September 22nd. Meta Platforms's payout ratio is 7.60%.

Insider Activity

In other news, CEO Mark Zuckerberg sold 15,847 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $753.43, for a total transaction of $11,939,605.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Susan J. Li sold 18,332 shares of the company's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the completion of the transaction, the chief financial officer owned 84,141 shares of the company's stock, valued at $64,343,464.11. This trade represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 243,093 shares of company stock worth $185,897,260 in the last three months. Corporate insiders own 13.61% of the company's stock.

Analyst Ratings Changes

META has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price target on Meta Platforms from $783.00 to $811.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Sanford C. Bernstein lifted their price target on Meta Platforms from $775.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. lifted their price target on Meta Platforms from $795.00 to $875.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Citizens Jmp lifted their price target on Meta Platforms from $750.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $920.00 price target on shares of Meta Platforms in a research note on Wednesday, September 17th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $826.05.

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.

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