Trust Point Inc. Buys 548 Shares of Meta Platforms, Inc. $META

Key Points

• Trust Point Inc. increased its stake in Meta Platforms by 6.3%, now holding 9,295 shares worth approximately $6.86 million.
• Insider sales included Christopher K. Cox selling 60,000 shares for $46.56 million, while Mark Zuckerberg sold 15,847 shares for nearly $11.94 million, indicating a significant decrease in their positions.
• Meta Platforms recently declared a quarterly dividend of $0.525 per share, representing a 0.3% yield, with the ex-dividend date set for September 22nd.

Trust Point Inc. boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 6.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,295 shares of the social networking company's stock after purchasing an additional 548 shares during the quarter. Meta Platforms comprises approximately 0.6% of Trust Point Inc.'s investment portfolio, making the stock its 24th biggest position. Trust Point Inc.'s holdings in Meta Platforms were worth $6,861,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Inlight Wealth Management LLC bought a new stake in shares of Meta Platforms in the first quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Meta Platforms in the first quarter valued at about $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Meta Platforms in the first quarter valued at about $33,000. JCIC Asset Management Inc. boosted its position in shares of Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock valued at $46,000 after acquiring an additional 40 shares during the period. Finally, Principia Wealth Advisory LLC boosted its position in shares of Meta Platforms by 53.6% in the first quarter. Principia Wealth Advisory LLC now owns 86 shares of the social networking company's stock valued at $50,000 after acquiring an additional 30 shares during the period. Institutional investors own 79.91% of the company's stock.

Insiders Place Their Bets

In other Meta Platforms news, insider Christopher K. Cox sold 60,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the transaction, the insider directly owned 237,205 shares in the company, valued at approximately $184,059,219.75. This represents a 20.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last three months, insiders have sold 257,405 shares of company stock worth $196,059,438. Corporate insiders own 13.61% of the company's stock.

Meta Platforms Price Performance

Meta Platforms stock opened at $778.38 on Monday. The stock has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 28.18, a PEG ratio of 1.62 and a beta of 1.24. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The stock's 50 day moving average price is $747.06 and its two-hundred day moving average price is $666.27. 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 (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. The firm 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%.The company's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period in the prior year, the business earned $5.16 EPS. 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 year.

Meta Platforms Announces Dividend

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 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 is Monday, September 22nd. Meta Platforms's dividend payout ratio is presently 7.60%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on META shares. Bank of America boosted their target price on shares of Meta Platforms from $775.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Truist Financial set a $880.00 price objective on shares of Meta Platforms in a research report on Thursday. Stifel Nicolaus upped their price objective on shares of Meta Platforms from $845.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. BMO Capital Markets upped their price objective on shares of Meta Platforms from $610.00 to $710.00 and gave the stock a "market perform" rating in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Meta Platforms from $795.00 to $875.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $826.05.

Meta Platforms 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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