Perkins Coie Trust Co Acquires 2,330 Shares of Meta Platforms, Inc. $META

Key Points

• Perkins Coie Trust Co increased its holdings in Meta Platforms by 32.4%, acquiring an additional 2,330 shares, bringing their total to 9,515 shares, valued at approximately $7 million.
• Several brokerages recently raised their price targets for Meta Platforms, with prices ranging from $811 to $900, reflecting a consensus rating of "Moderate Buy" among analysts.
• Meta Platforms has announced a quarterly dividend of $0.525 per share, set to be paid on September 29th, representing an annualized yield of 0.3%.

Perkins Coie Trust Co grew its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 32.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,515 shares of the social networking company's stock after acquiring an additional 2,330 shares during the quarter. Meta Platforms comprises 1.2% of Perkins Coie Trust Co's holdings, making the stock its 19th largest position. Perkins Coie Trust Co's holdings in Meta Platforms were worth $7,023,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in META. Sky Investment Group LLC increased its stake in Meta Platforms by 0.5% in the 2nd quarter. Sky Investment Group LLC now owns 16,304 shares of the social networking company's stock valued at $12,034,000 after buying an additional 77 shares during the period. White Wing Wealth Management raised its stake in shares of Meta Platforms by 18.6% during the second quarter. White Wing Wealth Management now owns 645 shares of the social networking company's stock valued at $476,000 after purchasing an additional 101 shares during the period. Oliver Lagore Vanvalin Investment Group bought a new position in Meta Platforms during the 2nd quarter valued at $3,938,000. Three Seasons Wealth LLC raised its stake in Meta Platforms by 5.2% during the second quarter. Three Seasons Wealth LLC now owns 1,304 shares of the social networking company's stock worth $962,000 after acquiring an additional 65 shares during the period. Finally, Triangle Securities Wealth Management boosted its position in Meta Platforms by 1.5% during the 2nd quarter. Triangle Securities Wealth Management now owns 4,812 shares of the social networking company's stock worth $3,552,000 after acquiring an additional 71 shares during the period. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Transactions at Meta Platforms

In other news, insider Jennifer Newstead sold 519 shares of Meta Platforms 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 sale, the insider owned 30,870 shares in the company, valued at $23,682,229.20. This trade represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $352,223.55. Following the sale, the director directly 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. Insiders sold 257,405 shares of company stock valued at $196,059,438 over the last 90 days. Corporate insiders own 13.61% of the company's stock.

Analysts Set New Price Targets

META has been the subject of a number of research analyst reports. DA Davidson increased their target price on Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Oppenheimer raised their price objective on shares of Meta Platforms from $775.00 to $870.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Bank of America raised their price target on Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Loop Capital reaffirmed a "buy" rating and set a $980.00 price objective (up previously from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. Finally, Piper Sandler raised their price objective on shares of Meta Platforms from $808.00 to $880.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $826.05.

Meta Platforms Stock Down 1.7%

NASDAQ META traded down $13.22 on Monday, hitting $765.16. The stock had a trading volume of 11,659,363 shares, compared to its average volume of 9,828,774. 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 52-week low of $479.80 and a 52-week high of $796.25. The business's fifty day moving average price is $747.94 and its 200 day moving average price is $667.24. The stock has a market cap of $1.92 trillion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24.

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

Meta Platforms Dividend Announcement

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 given a dividend of $0.525 per share. 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 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.