City Holding Co. Has $21.16 Million Position in Meta Platforms, Inc. $META

City Holding Co. boosted its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 1.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,665 shares of the social networking company's stock after purchasing an additional 370 shares during the quarter. Meta Platforms makes up 2.8% of City Holding Co.'s portfolio, making the stock its 4th biggest position. City Holding Co.'s holdings in Meta Platforms were worth $21,157,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Inlight Wealth Management LLC bought a new position in Meta Platforms in the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in Meta Platforms in the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Meta Platforms in the first quarter worth $33,000. Evergreen Private Wealth LLC grew its stake in shares of Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock worth $40,000 after acquiring an additional 38 shares during the last quarter. Finally, JCIC Asset Management Inc. grew its stake in shares of Meta Platforms by 102.6% in 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 during the last quarter. Institutional investors own 79.91% of the company's stock.

Meta Platforms Stock Down 2.3%

NASDAQ META opened at $710.56 on Friday. The stock's 50-day moving average price is $753.21 and its 200-day moving average price is $674.82. The company has a market capitalization of $1.79 trillion, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 1.52 and a beta of 1.20. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. 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 - Get Free Report) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.75 by $1.39. The company had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm's quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the company earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid 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 dividend payout ratio (DPR) is 7.60%.

Insider Activity at Meta Platforms

In related news, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $352,223.55. Following the sale, the director owned 8,412 shares of the company's stock, valued at approximately $6,371,837.64. This trade represents a 5.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $741.50, for a total value of $384,838.50. Following the sale, the insider directly owned 29,832 shares in the company, valued at $22,120,428. This trade represents a 1.71% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 214,182 shares of company stock valued at $164,955,168. 13.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on META. Cantor Fitzgerald reissued an "overweight" rating and issued a $920.00 target price on shares of Meta Platforms in a research note on Wednesday, September 17th. Hsbc Global Res raised Meta Platforms from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Wells Fargo & Company increased their target price on Meta Platforms from $783.00 to $811.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. UBS Group increased their target price on Meta Platforms from $812.00 to $897.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Pivotal Research increased their target price on Meta Platforms from $830.00 to $930.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Four research 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. According to data from MarketBeat.com, Meta Platforms currently has an average rating of "Moderate Buy" and an average price target of $830.02.

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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