Oakworth Capital Inc. Purchases 933 Shares of Meta Platforms, Inc. $META

Key Points

• Oakworth Capital Inc. significantly increased its stake in Meta Platforms by 80.6% during the second quarter, acquiring an additional 933 shares, bringing its total holdings to 2,090 shares worth approximately $1.54 million.
• Several analysts have upgraded their price targets for Meta Platforms, with Wedbush raising it from $750 to $920, while Zacks Research downgraded it from "strong-buy" to "hold."
• Insider activity has been noted as significant, with Jennifer Newstead selling 519 shares, and over the last three months, insiders sold a total of 214,182 shares valued at nearly $165 million.

Oakworth Capital Inc. raised its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 80.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,090 shares of the social networking company's stock after purchasing an additional 933 shares during the quarter. Oakworth Capital Inc.'s holdings in Meta Platforms were worth $1,543,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Baron Silver Stevens Financial Advisors LLC raised its position in Meta Platforms by 18.3% in the second quarter. Baron Silver Stevens Financial Advisors LLC now owns 3,181 shares of the social networking company's stock valued at $2,348,000 after purchasing an additional 493 shares during the last quarter. Invesco LLC lifted its stake in shares of Meta Platforms by 19.5% in the second quarter. Invesco LLC now owns 4,367 shares of the social networking company's stock worth $3,223,000 after acquiring an additional 713 shares during the period. SWS Partners boosted its holdings in Meta Platforms by 0.9% in the second quarter. SWS Partners now owns 4,504 shares of the social networking company's stock valued at $3,325,000 after acquiring an additional 38 shares during the last quarter. Wolff Wiese Magana LLC boosted its holdings in Meta Platforms by 5.3% in the second quarter. Wolff Wiese Magana LLC now owns 2,632 shares of the social networking company's stock valued at $1,943,000 after acquiring an additional 133 shares during the last quarter. Finally, Refined Wealth Management bought a new stake in Meta Platforms in the second quarter valued at approximately $272,000. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wedbush upped their target price on Meta Platforms from $750.00 to $920.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Zacks Research cut Meta Platforms from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. JMP Securities upped their target price on Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a report on Thursday, July 31st. Robert W. Baird upped their target price on Meta Platforms from $635.00 to $740.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Finally, Mizuho set a $925.00 target price on Meta Platforms and gave the company an "outperform" rating in a report on Monday, September 29th. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Meta Platforms presently has an average rating of "Moderate Buy" and a consensus target price of $830.02.

Insider Buying and Selling

In related news, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $741.50, for a total transaction of $384,838.50. Following the sale, the insider directly owned 29,832 shares in the company, valued at approximately $22,120,428. This trade represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction 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 sale, the director owned 8,412 shares in the company, valued at $6,371,837.64. This trade represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 214,182 shares of company stock worth $164,955,168. 13.61% of the stock is owned by company insiders.

Meta Platforms Stock Down 2.3%

Shares of NASDAQ:META opened at $710.56 on Friday. The stock has a market cap of $1.79 trillion, a price-to-earnings ratio of 25.73, a PEG ratio of 1.48 and a beta of 1.20. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The business's 50 day moving average is $753.21 and its 200 day moving average is $675.45.

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

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms's payout ratio is presently 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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