Legacy Private Trust Co. Buys 979 Shares of Meta Platforms, Inc. $META

Key Points

• Legacy Private Trust Co. increased its holdings in Meta Platforms, Inc. by 4.8%, owning a total of 21,537 shares valued at approximately $15.9 million.
• Company insiders have collectively sold 268,505 shares of Meta stock over the last three months, with significant sales from COO Javier Olivan and insider Jennifer Newstead.
• Meta Platforms reported an EPS of $7.14 for the last quarter, exceeding analysts’ expectations, and has set its Q3 2025 guidance at 26.7 EPS.

Legacy Private Trust Co. raised its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,537 shares of the social networking company's stock after buying an additional 979 shares during the period. Meta Platforms accounts for about 1.0% of Legacy Private Trust Co.'s investment portfolio, making the stock its 21st biggest position. Legacy Private Trust Co.'s holdings in Meta Platforms were worth $15,896,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Lantern Wealth Advisors LLC grew its position in Meta Platforms by 0.5% during the 4th quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock worth $1,743,000 after acquiring an additional 14 shares during the last quarter. ABLE Financial Group LLC boosted its stake in Meta Platforms by 0.7% in the fourth quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock worth $1,251,000 after purchasing an additional 15 shares in the last quarter. Cedar Point Capital Partners LLC grew its holdings in shares of Meta Platforms by 2.2% during 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 last quarter. Mosaic Family Wealth Partners LLC increased its stake in shares of Meta Platforms by 1.2% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,435 shares of the social networking company's stock valued at $840,000 after buying an additional 17 shares in the last quarter. Finally, Orin Green Financial LLC increased its stake in shares of Meta Platforms by 2.2% in the fourth quarter. Orin Green Financial LLC now owns 795 shares of the social networking company's stock valued at $465,000 after buying an additional 17 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Insider Activity

In related news, COO Javier Olivan sold 517 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $755.65, for a total transaction of $390,671.05. Following the sale, the chief operating officer owned 11,577 shares of the company's stock, valued at approximately $8,748,160.05. This trade represents a 4.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $757.50, for a total value of $393,142.50. Following the transaction, the insider owned 31,389 shares in the company, valued at approximately $23,777,167.50. This represents a 1.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 268,505 shares of company stock worth $203,749,711 over the last three months. Company insiders own 13.61% of the company's stock.

Meta Platforms Stock Up 0.6%

NASDAQ:META opened at $755.59 on Monday. 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, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The stock's fifty day simple moving average is $741.83 and its 200-day simple moving average is $661.86. The firm has a market capitalization of $1.90 trillion, a P/E ratio of 27.36, a P/E/G ratio of 1.56 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data 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. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter in the prior year, the company posted $5.16 earnings per share. The firm's revenue was up 21.6% on a year-over-year basis. 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 year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 22nd will be issued a dividend of $0.525 per share. The ex-dividend date is Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms's payout ratio is currently 7.60%.

Analyst Ratings Changes

Several research analysts recently issued reports on META shares. Canaccord Genuity Group upped their price target on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Sanford C. Bernstein upped their target price on shares of Meta Platforms from $775.00 to $900.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Scotiabank raised their price target on shares of Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. HSBC upgraded shares of Meta Platforms from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $610.00 to $900.00 in a research report on Thursday, July 31st. Finally, TD Cowen lifted their target price on Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $822.41.

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.

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