Bank of Jackson Hole Trust Purchases 371 Shares of Meta Platforms, Inc. $META

Bank of Jackson Hole Trust increased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 15.6% during the second quarter, HoldingsChannel reports. The fund owned 2,749 shares of the social networking company’s stock after buying an additional 371 shares during the quarter. Meta Platforms comprises about 1.2% of Bank of Jackson Hole Trust’s portfolio, making the stock its 18th largest holding. Bank of Jackson Hole Trust’s holdings in Meta Platforms were worth $2,029,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of META. Evergreen Private Wealth LLC boosted its position in Meta Platforms by 237.5% during the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after buying an additional 38 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Meta Platforms during the first quarter valued at $33,000. Briaud Financial Planning Inc acquired a new position in shares of Meta Platforms during the second quarter worth $42,000. WFA Asset Management Corp grew its stake in shares of Meta Platforms by 42.6% in the second quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock worth $49,000 after purchasing an additional 20 shares during the last quarter. Finally, Maseco LLP acquired a new stake in Meta Platforms in the second quarter valued at $54,000. 79.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Susan J. Li sold 18,332 shares of Meta Platforms 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 transaction, the chief financial officer owned 84,141 shares of the company’s stock, valued at $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $787.06, for a total value of $12,472,539.82. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 75,798 shares of company stock valued at $58,347,026. 13.61% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on META. Royal Bank Of Canada decreased their price target on Meta Platforms from $840.00 to $810.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Monness Crespi & Hardt decreased their target price on shares of Meta Platforms from $860.00 to $808.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Jefferies Financial Group dropped their price target on shares of Meta Platforms from $950.00 to $910.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Roth Capital reaffirmed a “buy” rating on shares of Meta Platforms in a research note on Thursday, October 30th. Finally, Cantor Fitzgerald lowered their target price on shares of Meta Platforms from $920.00 to $830.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $827.60.

Meta Platforms Stock Up 0.4%

Shares of NASDAQ META opened at $621.71 on Friday. The stock has a market capitalization of $1.56 trillion, a P/E ratio of 27.46, a P/E/G ratio of 1.38 and a beta of 1.20. The company has a 50-day moving average price of $726.22 and a 200-day moving average price of $702.51. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The company had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. During the same quarter in the prior year, the business posted $6.03 EPS. The firm’s revenue was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. On average, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio is 9.28%.

About Meta Platforms

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.