Legacy Trust Has $10.36 Million Position in Meta Platforms, Inc. $META

Legacy Trust cut its holdings in Meta Platforms, Inc. (NASDAQ:META) by 7.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,030 shares of the social networking company’s stock after selling 1,157 shares during the period. Meta Platforms makes up 2.5% of Legacy Trust’s investment portfolio, making the stock its 9th biggest holding. Legacy Trust’s holdings in Meta Platforms were worth $10,355,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Kercheville Advisors LLC boosted its holdings in Meta Platforms by 10.2% in the second quarter. Kercheville Advisors LLC now owns 19,467 shares of the social networking company’s stock worth $14,368,000 after purchasing an additional 1,800 shares in the last quarter. Keudell Morrison Wealth Management boosted its holdings in Meta Platforms by 2.4% in the second quarter. Keudell Morrison Wealth Management now owns 3,331 shares of the social networking company’s stock worth $2,459,000 after purchasing an additional 77 shares in the last quarter. Measured Risk Portfolios Inc. bought a new stake in Meta Platforms in the second quarter worth $249,000. VAUGHAN & Co SECURITIES INC. bought a new stake in Meta Platforms in the second quarter worth $223,000. Finally, Orca Wealth Management LLC bought a new stake in Meta Platforms in the second quarter worth $205,000. 79.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Meta Platforms

In related news, insider Christopher K. Cox sold 60,000 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total value of $46,557,000.00. Following the completion of the transaction, the insider owned 237,205 shares of the company’s stock, valued at $184,059,219.75. This represents a 20.19% 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, CFO Susan J. Li sold 18,332 shares of the stock in a transaction dated 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 transaction, the chief financial officer directly owned 84,141 shares of the company’s stock, valued at $64,343,464.11. This trade represents a 17.89% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 213,665 shares of company stock worth $164,575,272. 13.61% of the stock is currently owned by company insiders.

Meta Platforms Stock Down 3.8%

Shares of META opened at $705.30 on Monday. The company has a 50-day simple moving average of $752.20 and a 200-day simple moving average of $679.78. The firm has a market capitalization of $1.77 trillion, a P/E ratio of 25.54, a P/E/G ratio of 1.47 and a beta of 1.20. 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 52 week low of $479.80 and a 52 week high of $796.25.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating analysts’ consensus estimates of $5.75 by $1.39. The business had revenue of $47.52 billion during 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 firm’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s dividend payout ratio is 7.60%.

Analyst Ratings Changes

A number of research firms have issued reports on META. Guggenheim restated a “buy” rating and set a $800.00 price target (up from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Canaccord Genuity Group upped their price target on shares of Meta Platforms from $825.00 to $850.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Sanford C. Bernstein upped their price target on shares of Meta Platforms from $775.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Needham & Company LLC upgraded shares of Meta Platforms from an “underperform” rating to a “hold” rating in a report on Thursday, July 3rd. Finally, Oppenheimer upped their price target on shares of Meta Platforms from $775.00 to $870.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Four equities 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. According to MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus price target of $830.68.

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.