NBT Bank N A NY Increases Stake in Meta Platforms, Inc. $META

Key Points

• NBT Bank N A NY has increased its stake in Meta Platforms by 5.9%, now owning 8,917 shares worth approximately $6.58 million.
• Major investors, including Kingstone Capital Partners and Goldman Sachs Group, have significantly increased their positions in Meta, reflecting strong institutional interest.
• Wall Street analysts have updated their ratings and price targets for Meta, with several firms raising their target prices above $800, indicating a positive outlook for the stock.

NBT Bank N A NY increased its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 5.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,917 shares of the social networking company's stock after acquiring an additional 498 shares during the quarter. NBT Bank N A NY's holdings in Meta Platforms were worth $6,582,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in META. Kingstone Capital Partners Texas LLC increased its holdings in Meta Platforms by 608,429.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company's stock worth $44,119,937,000 after acquiring an additional 59,766,000 shares during the last quarter. Nuveen LLC purchased a new stake in Meta Platforms in the 1st quarter worth about $2,990,544,000. Amundi increased its holdings in Meta Platforms by 23.5% in the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company's stock worth $4,111,050,000 after acquiring an additional 1,470,070 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Meta Platforms by 8.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company's stock worth $8,977,361,000 after acquiring an additional 1,255,546 shares during the last quarter. Finally, Strs Ohio purchased a new stake in Meta Platforms in the 1st quarter worth about $571,086,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on META shares. HSBC raised Meta Platforms from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $610.00 to $900.00 in a report on Thursday, July 31st. KeyCorp lifted their target price on Meta Platforms from $800.00 to $905.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Stifel Nicolaus lifted their target price on Meta Platforms from $845.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, July 31st. BMO Capital Markets lifted their target price on Meta Platforms from $610.00 to $710.00 and gave the company a "market perform" rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. lifted their target price on Meta Platforms from $795.00 to $875.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $830.68.

Insider Buying and Selling

In related news, COO Javier Olivan sold 517 shares of the business's stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $713.34, for a total value of $368,796.78. Following the completion of the sale, the chief operating officer owned 8,992 shares in the company, valued at $6,414,353.28. The trade was a 5.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the business's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $757.47, for a total value of $352,223.55. Following the completion of the sale, the director owned 8,412 shares of the company's stock, valued at $6,371,837.64. The trade was a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold 213,198 shares of company stock worth $164,232,558 in the last quarter. 13.61% of the stock is owned by insiders.

Meta Platforms Stock Performance

Shares of META opened at $717.55 on Thursday. The company has a market cap of $1.80 trillion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 1.48 and a beta of 1.20. 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 50-day moving average price of $748.80 and a 200-day moving average price of $681.19. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25.

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

Meta Platforms Announces Dividend

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

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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