Central Pacific Bank Trust Division Has $11.04 Million Stock Holdings in Meta Platforms, Inc. $META

Key Points

• Central Pacific Bank Trust Division increased its stake in Meta Platforms by 8.9% during Q2, owning a total of 14,956 shares valued at $11,039,000.
• Several brokerages have raised their price targets for Meta, with Barclays updating it to $810.00 and Stifel Nicolaus to $900.00, indicating strong confidence in the company's outlook.
• Meta reported a quarterly EPS of $7.14, exceeding expectations by $1.39, and achieved a revenue of $47.52 billion for the quarter, reflecting a 21.6% year-over-year increase.

Central Pacific Bank Trust Division lifted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 8.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,956 shares of the social networking company's stock after purchasing an additional 1,224 shares during the period. Meta Platforms comprises 1.4% of Central Pacific Bank Trust Division's holdings, making the stock its 8th biggest holding. Central Pacific Bank Trust Division's holdings in Meta Platforms were worth $11,039,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in META. Inlight Wealth Management LLC acquired a new stake in shares of Meta Platforms during the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Meta Platforms during the first quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Meta Platforms in the 1st quarter worth approximately $33,000. JCIC Asset Management Inc. raised its stake in Meta Platforms by 102.6% during the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after purchasing an additional 40 shares during the period. Finally, Stuart Chaussee & Associates Inc. purchased a new stake in shares of Meta Platforms in the fourth quarter valued at $47,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Stock Performance

Shares of NASDAQ:META traded up $4.69 during trading on Friday, hitting $755.59. 8,240,448 shares of the stock were exchanged, compared to its average volume of 9,519,708. The company has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 1.56 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company's fifty day simple moving average is $741.83 and its 200-day simple moving average is $661.86.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business had revenue of $47.52 billion for the quarter, compared to analysts' expectations of $44.55 billion. During the same quarter in the previous year, the firm posted $5.16 earnings per share. The firm's revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be paid a $0.525 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is 7.60%.

Insiders Place Their Bets

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the firm's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $757.50, for a total value of $393,142.50. Following the completion of the sale, the insider owned 31,389 shares in the company, valued at approximately $23,777,167.50. This trade represents a 1.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Javier Olivan sold 517 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief operating officer owned 11,577 shares of the company's stock, valued at $8,748,160.05. This trade represents a 4.27% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 283,280 shares of company stock valued at $214,119,908. 13.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Sanford C. Bernstein upped their price target on Meta Platforms from $775.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. increased their price target on shares of Meta Platforms from $795.00 to $875.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Robert W. Baird boosted their price objective on shares of Meta Platforms from $635.00 to $740.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Scotiabank lifted their price target on Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Finally, JMP Securities increased their price objective on Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $822.41.

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.