Meta Platforms, Inc. $META Shares Sold by Thomasville National Bank

Key Points

• Thomasville National Bank reduced its holdings in Meta Platforms by 1.2%, now owning 39,224 shares valued at approximately $28.9 million, making it the bank's 17th largest investment.
• Meta Platforms recently reported $7.14 EPS, surpassing analyst expectations of $5.75, with revenue of $47.52 billion for the quarter, reflecting a 21.6% year-over-year increase.
• The company declared a quarterly dividend of $0.525, resulting in a yield of 0.3%, with the payment date set for September 29th.

Thomasville National Bank lowered its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 1.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,224 shares of the social networking company's stock after selling 480 shares during the period. Meta Platforms accounts for 2.0% of Thomasville National Bank's investment portfolio, making the stock its 17th largest holding. Thomasville National Bank's holdings in Meta Platforms were worth $28,951,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Inlight Wealth Management LLC acquired a new stake in shares of Meta Platforms in the 1st quarter worth $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Meta Platforms in the 1st quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms in the 1st quarter worth $33,000. JCIC Asset Management Inc. lifted its stake 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 worth $46,000 after acquiring an additional 40 shares during the period. Finally, Piscataqua Savings Bank lifted its stake in shares of Meta Platforms by 433.3% in the 2nd quarter. Piscataqua Savings Bank now owns 80 shares of the social networking company's stock worth $59,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on META. Morgan Stanley raised their target price on shares of Meta Platforms from $750.00 to $850.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Hsbc Global Res upgraded shares of Meta Platforms from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Zacks Research cut shares of Meta Platforms from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Guggenheim reiterated a "buy" rating and issued a $800.00 price objective (up previously from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. Finally, JMP Securities raised their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a research note on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Meta Platforms presently has an average rating of "Moderate Buy" and a consensus target price of $826.05.

Meta Platforms Trading Down 1.7%

NASDAQ META opened at $765.16 on Tuesday. The company's fifty day simple moving average is $747.94 and its 200-day simple moving average is $667.24. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week 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 stock has a market cap of $1.92 trillion, a P/E ratio of 27.70, a PEG ratio of 1.62 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its 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 for the quarter, compared to analysts' expectations of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period in the previous year, the company posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

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

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 517 shares of the company's stock in a transaction 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 sale, the chief operating officer directly owned 11,060 shares of the company's stock, valued at $8,377,618.20. This represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert M. Kimmitt sold 465 shares of the company's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $757.47, for a total transaction of $352,223.55. Following the completion of the sale, the director directly owned 8,412 shares in the company, valued at $6,371,837.64. This represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 256,886 shares of company stock valued at $195,693,600 over the last ninety days. Corporate insiders own 13.61% of the company's stock.

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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