First American Bank Has $31.56 Million Stock Position in Meta Platforms, Inc. $META

Key Points

• First American Bank increased its holdings in Meta Platforms by 2.0% during the second quarter, now owning 42,764 shares worth approximately $31.56 million.
• Meta Platforms reported a quarterly earnings per share of $7.14, surpassing expectations, with revenues reaching $47.52 billion, reflecting a year-over-year increase of 21.6%.
• The company also announced a quarterly dividend of $0.525 per share, with a current annualized yield of 0.3% and a payout ratio of 7.60%.

First American Bank lifted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,764 shares of the social networking company's stock after buying an additional 843 shares during the quarter. Meta Platforms comprises 2.2% of First American Bank's portfolio, making the stock its 11th biggest holding. First American Bank's holdings in Meta Platforms were worth $31,564,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Pachira Investments Inc. raised its holdings in shares of Meta Platforms by 3.0% in the second quarter. Pachira Investments Inc. now owns 488 shares of the social networking company's stock valued at $360,000 after buying an additional 14 shares during the last quarter. Shelton Wealth Management LLC increased its position in Meta Platforms by 0.9% in the second quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company's stock worth $1,302,000 after purchasing an additional 15 shares during the period. Myecfo LLC increased its position in Meta Platforms by 2.0% in the second quarter. Myecfo LLC now owns 776 shares of the social networking company's stock worth $573,000 after purchasing an additional 15 shares during the period. Kooman & Associates increased its position in Meta Platforms by 2.8% in the second quarter. Kooman & Associates now owns 544 shares of the social networking company's stock worth $402,000 after purchasing an additional 15 shares during the period. Finally, Cedar Point Capital Partners LLC increased its position in Meta Platforms by 2.2% in the first quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock worth $433,000 after purchasing an additional 16 shares during the period. 79.91% of the stock is owned by institutional investors.

Meta Platforms Trading Down 2.3%

NASDAQ:META opened at $717.34 on Thursday. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market capitalization of $1.80 trillion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 1.53 and a beta of 1.20. The business's 50-day simple moving average is $753.01 and its 200-day simple moving average is $673.09.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating the consensus estimate 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%.Meta Platforms's revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Sell-side 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 announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were paid a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms's payout ratio is presently 7.60%.

Insider Buying and Selling at Meta Platforms

In other news, Director Robert M. Kimmitt sold 465 shares of the company's 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 in the company, valued at $6,371,837.64. This represents a 5.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $769.20, for a total value of $399,214.80. Following the sale, the insider owned 30,351 shares in the company, valued at approximately $23,345,989.20. This represents a 1.68% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 213,663 shares of company stock worth $164,570,329. Corporate insiders own 13.61% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Citigroup reiterated an "outperform" rating on shares of Meta Platforms in a research report on Thursday, July 31st. BMO Capital Markets lifted their price objective on Meta Platforms from $610.00 to $710.00 and gave the stock a "market perform" rating in a research report on Thursday, July 31st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $920.00 price objective on shares of Meta Platforms in a research report on Wednesday, September 17th. JPMorgan Chase & Co. lifted their price objective on Meta Platforms from $795.00 to $875.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Finally, Mizuho set a $925.00 price objective on Meta Platforms and gave the stock an "outperform" rating in a research report on Monday. Four analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $830.02.

Meta Platforms 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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