Trustmark Bank Trust Department Has $17.51 Million Stake in Meta Platforms, Inc. $META

Key Points

• Trustmark Bank Trust Department increased its stake in Meta Platforms by 4.9% to 23,845 shares worth $17.51 million, representing 1.1% of its portfolio and the bank's 22nd largest position.
• Meta posted a quarterly beat—EPS of $8.88 vs $8.16 and revenue of $59.89B (up 23.8%)—and analysts have a consensus "Moderate Buy" with an average price target of $844.44, while some firms raised targets to $900.
• Institutional ownership is high at 79.9%, but insiders sold roughly $102M of stock in the last three months; company moves (AI acquisitions and AMD GPU partnerships) are offset by regulatory and European ad‑tax headwinds.

Trustmark Bank Trust Department lifted its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,845 shares of the social networking company's stock after purchasing an additional 1,107 shares during the quarter. Meta Platforms accounts for 1.1% of Trustmark Bank Trust Department's portfolio, making the stock its 22nd largest position. Trustmark Bank Trust Department's holdings in Meta Platforms were worth $17,511,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. One Wealth Map LLC grew its position in Meta Platforms by 4.0% during the third quarter. One Wealth Map LLC now owns 1,682 shares of the social networking company's stock valued at $1,235,000 after purchasing an additional 65 shares in the last quarter. Left Brain Wealth Management LLC boosted its stake in shares of Meta Platforms by 1.8% during the 3rd quarter. Left Brain Wealth Management LLC now owns 23,665 shares of the social networking company's stock valued at $17,379,000 after buying an additional 428 shares during the period. Marietta Investment Partners LLC grew its holdings in shares of Meta Platforms by 2.1% during the 3rd quarter. Marietta Investment Partners LLC now owns 18,215 shares of the social networking company's stock valued at $13,377,000 after acquiring an additional 379 shares in the last quarter. Cramer Rosenthal Mcglynn LLC grew its holdings in shares of Meta Platforms by 16.2% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 6,933 shares of the social networking company's stock valued at $5,091,000 after acquiring an additional 968 shares in the last quarter. Finally, Palo Alto Wealth Advisors LLC increased its stake in shares of Meta Platforms by 2.1% in the third quarter. Palo Alto Wealth Advisors LLC now owns 1,443 shares of the social networking company's stock worth $1,060,000 after acquiring an additional 30 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on META. Truist Financial increased their price objective on Meta Platforms from $875.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, January 29th. BNP Paribas Exane began coverage on Meta Platforms in a research report on Monday, November 24th. They issued an "outperform" rating and a $800.00 target price on the stock. Zacks Research downgraded Meta Platforms from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 18th. Erste Group Bank upgraded Meta Platforms from a "hold" rating to a "buy" rating in a report on Thursday, March 5th. Finally, Evercore boosted their price target on Meta Platforms from $875.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, January 29th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $844.44.

More Meta Platforms News

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Acquired Moltbook, a viral Reddit‑style social network built for AI agents; Moltbook’s founders are joining Meta’s Superintelligence Labs, accelerating Meta’s AI‑agent research and talent buildout — a clear strategic move to bolster long‑term AI product advantages. Meta acquires AI agent social network Moltbook
• Positive Sentiment: Large-scale AI compute partnerships are scaling up (AMD announced a multiyear supply deal supplying GPUs to Meta), supporting Meta’s push to build out its AI infrastructure and product roadmap — positive for future monetization of AI features. AMD AI Partnerships And Valuation Gap
• Neutral Sentiment: Company pushed back on reports that Chief AI Officer Alexandr Wang was sidelined, signaling management stability and continuity in Meta’s AI leadership. That should calm short‑term governance concerns. Meta Shuts Down Rumors ... Alexandr Wang
• Neutral Sentiment: Broader AI ecosystem developments — including ex‑Meta AI chief Yann LeCun’s AMI raising $1.03B and other hyperscaler moves — tighten competition for talent but validate the market Meta is competing in. Ex‑Meta AI chief Yann LeCun's AMI raises $1.03B
• Negative Sentiment: Meta will charge advertisers a 2%–5% location fee to cover some European digital taxes — a tactic that may pressure advertiser demand or pricing in affected markets and could dent ad revenue growth if advertisers push back. Meta to charge advertisers a fee to offset Europe's digital taxes
• Negative Sentiment: Regulatory rulings continue to bite — a Dutch appeals court upheld an order forcing Meta to offer chronological feeds in the Netherlands, a decision that can affect engagement algorithms and ad targeting practices. Dutch court upholds ruling forcing Meta offer chronological feeds
• Negative Sentiment: Calls for stronger oversight of deepfake/fake AI videos highlight reputational and regulatory risks; heightened scrutiny could lead to new content controls or compliance costs. Meta urged to boost oversight of fake AI videos

Meta Platforms Stock Performance

Shares of NASDAQ META opened at $654.07 on Wednesday. The business's 50-day simple moving average is $654.53 and its 200-day simple moving average is $679.33. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.60 and a current ratio of 2.60. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The firm has a market cap of $1.65 trillion, a price-to-earnings ratio of 27.83, a P/E/G ratio of 1.00 and a beta of 1.30.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, January 28th. The social networking company reported $8.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.16 by $0.72. Meta Platforms had a return on equity of 38.61% and a net margin of 30.08%.The firm had revenue of $59.89 billion during the quarter, compared to analysts' expectations of $58.33 billion. During the same quarter in the prior year, the business earned $8.02 earnings per share. The company's revenue was up 23.8% on a year-over-year basis. As a group, equities research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Monday, March 16th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, March 16th. Meta Platforms's dividend payout ratio is currently 8.94%.

Insider Activity at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 2,461 shares of the company's stock in a transaction dated Sunday, February 15th. The shares were sold at an average price of $639.77, for a total transaction of $1,574,473.97. Following the completion of the sale, the chief operating officer directly owned 12,108 shares in the company, valued at $7,746,335.16. This represents a 16.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Susan J. Li sold 56,571 shares of the firm's stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $644.70, for a total value of $36,471,323.70. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 159,891 shares of company stock worth $102,464,356. 13.61% of the stock is owned by insiders.

Meta Platforms Company Profile

Meta Platforms, Inc NASDAQ: META, formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta's core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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