Meta Platforms, Inc. $META Shares Acquired by Bank of New Hampshire

Key Points

• Bank of New Hampshire has increased its stake in Meta Platforms, Inc. by 12.6%, owning 3,880 shares worth approximately $2.86 million as of the last quarter.
• Meta Platforms recently reported an earnings per share (EPS) of $7.14, exceeding analysts' expectations of $5.75, with revenues reaching $47.52 billion.
• The company announced a quarterly dividend of $0.525 per share, with a dividend yield of 0.3%, set to be paid on September 29th.

Bank of New Hampshire raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 12.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,880 shares of the social networking company's stock after acquiring an additional 434 shares during the period. Bank of New Hampshire's holdings in Meta Platforms were worth $2,864,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in META. Inlight Wealth Management LLC purchased a new stake in Meta Platforms during the 1st quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Meta Platforms in the 1st quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Meta Platforms in the 1st quarter valued at approximately $33,000. JCIC Asset Management Inc. increased its position 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 purchasing an additional 40 shares during the last quarter. Finally, Principia Wealth Advisory LLC boosted its holdings in shares of Meta Platforms by 53.6% in the 1st quarter. Principia Wealth Advisory LLC now owns 86 shares of the social networking company's stock valued at $50,000 after buying an additional 30 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on META shares. Piper Sandler upped their target price on shares of Meta Platforms from $808.00 to $880.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Zacks Research cut shares of Meta Platforms from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Truist Financial set a $880.00 target price on shares of Meta Platforms in a report on Thursday. Oppenheimer increased their price target on shares of Meta Platforms from $775.00 to $870.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, Barclays increased their price target on shares of Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Three research 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 stock. Based on data from MarketBeat.com, Meta Platforms has an average rating of "Moderate Buy" and an average target price of $826.05.

Meta Platforms Price Performance

Shares of META stock traded down $1.87 during trading hours on Friday, hitting $778.38. The company's stock had a trading volume of 22,494,703 shares, compared to its average volume of 9,174,566. The stock has a market cap of $1.96 trillion, a price-to-earnings ratio of 28.18, a P/E/G ratio of 1.63 and a beta of 1.24. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average of $747.06 and a 200-day moving average of $665.93.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. The business had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company's quarterly revenue was up 21.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current 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 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 dividend yield of 0.3%. Meta Platforms's payout ratio is 7.60%.

Insider Transactions at Meta Platforms

In related news, COO Javier Olivan sold 517 shares of the business's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $757.47, for a total value of $391,611.99. Following the completion of the sale, the chief operating officer directly owned 11,060 shares in the company, valued at approximately $8,377,618.20. The trade was a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $767.16, for a total transaction of $398,156.04. Following the completion of the sale, the insider owned 30,870 shares of the company's stock, valued at approximately $23,682,229.20. The trade was a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 257,922 shares of company stock worth $196,412,792 over the last ninety days. 13.61% of the stock is currently owned by corporate insiders.

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.