Meta Platforms, Inc. $META Stock Position Raised by Fifth Third Bancorp

Key Points

• Fifth Third Bancorp raised its holdings in Meta Platforms by 2.2% during Q2, owning 769,408 shares valued at approximately $567.9 million.
• Meta Platforms reported $7.14 earnings per share for the last quarter, exceeding expectations of $5.75, and had a revenue increase of 21.6% year-over-year.
• The company declared a quarterly dividend of $0.525, representing a 0.3% yield and a payout ratio of 7.60%.

Fifth Third Bancorp raised its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 769,408 shares of the social networking company's stock after purchasing an additional 16,824 shares during the quarter. Meta Platforms accounts for about 2.0% of Fifth Third Bancorp's holdings, making the stock its 10th biggest position. Fifth Third Bancorp's holdings in Meta Platforms were worth $567,892,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC purchased a new stake in Meta Platforms in the 1st quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Meta Platforms in the 1st quarter valued at approximately $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Meta Platforms in the 1st quarter valued at approximately $33,000. JCIC Asset Management Inc. boosted its holdings in 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 in the last quarter. Finally, Piscataqua Savings Bank boosted its holdings in Meta Platforms by 433.3% in the 2nd quarter. Piscataqua Savings Bank now owns 80 shares of the social networking company's stock valued at $59,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Meta Platforms Trading Down 0.7%

Shares of Meta Platforms stock opened at $743.75 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick 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 has a market capitalization of $1.87 trillion, a P/E ratio of 26.93, a P/E/G ratio of 1.56 and a beta of 1.24. The business has a 50 day moving average price of $751.74 and a 200 day moving average price of $670.49.

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

Meta Platforms Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently commented on META shares. UBS Group boosted their price target on Meta Platforms from $812.00 to $897.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Raymond James Financial boosted their price target on Meta Platforms from $750.00 to $900.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 31st. Benchmark boosted their price target on Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Cantor Fitzgerald reissued an "overweight" rating and set a $920.00 price target on shares of Meta Platforms in a research note on Wednesday, September 17th. Finally, Piper Sandler boosted their price target on Meta Platforms from $808.00 to $880.00 and gave the stock an "overweight" 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 given 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 target price of $826.05.

Insiders Place Their Bets

In other Meta Platforms news, CEO Mark Zuckerberg sold 15,847 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $753.43, for a total value of $11,939,605.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Susan J. Li sold 18,332 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $764.71, for a total value of $14,018,663.72. Following the completion of the transaction, the chief financial officer owned 84,141 shares of the company's stock, valued at $64,343,464.11. This trade represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 230,336 shares of company stock valued at $176,625,049. Insiders own 13.61% of the company's stock.

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.

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