Trust Co. of Oklahoma Raises Stock Holdings in Meta Platforms, Inc. $META

Key Points

• Trust Co. of Oklahoma increased its stake in Meta Platforms by 168.9% during Q2, owning 1,960 shares worth $1,447,000 at the quarter's end.
• Several other institutional investors also boosted their holdings in Meta, with 79.91% of the stock currently owned by institutions and hedge funds.
• Meta Platforms reported earnings of $7.14 per share, beating estimates and showing a 21.6% year-over-year revenue growth.

Trust Co. of Oklahoma grew its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 168.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,960 shares of the social networking company's stock after acquiring an additional 1,231 shares during the quarter. Trust Co. of Oklahoma's holdings in Meta Platforms were worth $1,447,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in META. Brighton Jones LLC lifted its position in Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after buying an additional 570 shares during the period. Revolve Wealth Partners LLC lifted its position in Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after buying an additional 875 shares during the period. Bank Pictet & Cie Europe AG lifted its position in Meta Platforms by 3.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,459 shares of the social networking company's stock worth $129,666,000 after buying an additional 7,587 shares during the period. Highview Capital Management LLC DE lifted its position in Meta Platforms by 3.7% during the fourth quarter. Highview Capital Management LLC DE now owns 6,189 shares of the social networking company's stock worth $3,624,000 after buying an additional 218 shares during the period. Finally, Triumph Capital Management lifted its position in Meta Platforms by 6.0% during the fourth quarter. Triumph Capital Management now owns 1,846 shares of the social networking company's stock worth $1,081,000 after buying an additional 105 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Meta Platforms news, CFO Susan J. Li sold 18,332 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the completion of the sale, the chief financial officer owned 84,141 shares in the company, valued at $64,343,464.11. This trade represents a 17.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $757.50, for a total value of $393,142.50. Following the sale, the insider owned 31,389 shares of the company's stock, valued at approximately $23,777,167.50. This trade represents a 1.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 268,505 shares of company stock worth $203,749,711 in the last quarter. Company insiders own 13.61% of the company's stock.

Meta Platforms Price Performance

META stock opened at $755.59 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The firm has a market cap of $1.90 trillion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 1.56 and a beta of 1.24. The stock has a 50-day simple moving average of $741.83 and a 200-day simple moving average of $661.86.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its 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. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same quarter last year, the firm earned $5.16 earnings per share. The company's revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on META shares. DA Davidson increased their target price on Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Hsbc Global Res upgraded Meta Platforms from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 31st. Morgan Stanley increased their target price on Meta Platforms from $750.00 to $850.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Citizens Jmp raised their price objective on Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, Oppenheimer raised their price objective on Meta Platforms from $775.00 to $870.00 and gave the stock an "outperform" rating in a report 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 issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $822.41.

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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