Legacy Private Trust Co. Has $15.90 Million Stake in Meta Platforms, Inc. $META

Legacy Private Trust Co. boosted its stake in Meta Platforms, Inc. (NASDAQ:META) by 4.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 21,537 shares of the social networking company’s stock after acquiring an additional 979 shares during the quarter. Meta Platforms comprises 1.0% of Legacy Private Trust Co.’s investment portfolio, making the stock its 21st largest position. Legacy Private Trust Co.’s holdings in Meta Platforms were worth $15,896,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC bought a new position in shares of Meta Platforms during the first quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Meta Platforms during the 1st quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Meta Platforms during the 1st quarter worth approximately $33,000. JCIC Asset Management Inc. grew its stake in shares of Meta Platforms by 102.6% during the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock worth $46,000 after acquiring an additional 40 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. acquired a new stake in shares of Meta Platforms in the fourth quarter valued at approximately $47,000. Institutional investors own 79.91% of the company’s stock.

Insider Activity

In other Meta Platforms news, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $753.43, for a total transaction of $11,939,605.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total value of $46,557,000.00. Following the sale, the insider directly owned 237,205 shares of the company’s stock, valued at $184,059,219.75. This represents a 20.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 268,505 shares of company stock valued at $203,749,711. 13.61% of the stock is owned by insiders.

Analyst Ratings Changes

META has been the subject of several recent research reports. Monness Crespi & Hardt increased their target price on shares of Meta Platforms from $780.00 to $860.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. JPMorgan Chase & Co. increased their price objective on shares of Meta Platforms from $795.00 to $875.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. UBS Group raised their price objective on Meta Platforms from $812.00 to $897.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Benchmark upped their target price on Meta Platforms from $800.00 to $890.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Finally, Guggenheim restated a “buy” rating and issued a $800.00 price target (up from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus target price of $822.41.

Meta Platforms Trading Up 0.6%

Shares of Meta Platforms stock opened at $755.59 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The business has a fifty day simple moving average of $741.83 and a two-hundred day simple moving average of $661.86. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The company has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 27.36, a P/E/G ratio of 1.56 and a beta of 1.24.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share 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 analyst estimates of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company’s revenue was up 21.6% on a year-over-year basis. During the same period in the prior year, the firm earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders 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 payout ratio is currently 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.