Harbour Trust & Investment Management Co Has $14.20 Million Stock Position in Meta Platforms, Inc. $META

Harbour Trust & Investment Management Co increased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 7.9% in the second quarter, HoldingsChannel reports. The firm owned 19,244 shares of the social networking company’s stock after purchasing an additional 1,413 shares during the period. Meta Platforms makes up approximately 1.6% of Harbour Trust & Investment Management Co’s investment portfolio, making the stock its 18th biggest holding. Harbour Trust & Investment Management Co’s holdings in Meta Platforms were worth $14,204,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Perfromance Wealth Partners LLC increased its position in shares of Meta Platforms by 0.9% during the 2nd quarter. Perfromance Wealth Partners LLC now owns 69,927 shares of the social networking company’s stock worth $51,612,000 after purchasing an additional 609 shares in the last quarter. Moran Wealth Management LLC increased its position in shares of Meta Platforms by 1.5% during the 2nd quarter. Moran Wealth Management LLC now owns 30,525 shares of the social networking company’s stock worth $22,530,000 after purchasing an additional 449 shares in the last quarter. Cutler Investment Counsel LLC raised its stake in shares of Meta Platforms by 7.7% in the second quarter. Cutler Investment Counsel LLC now owns 445 shares of the social networking company’s stock worth $328,000 after acquiring an additional 32 shares during the last quarter. Broad Peak Investment Advisers Pte Ltd bought a new position in shares of Meta Platforms in the second quarter worth about $47,238,000. Finally, Jag Capital Management LLC raised its stake in shares of Meta Platforms by 6.0% in the second quarter. Jag Capital Management LLC now owns 77,788 shares of the social networking company’s stock worth $57,415,000 after acquiring an additional 4,385 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Up 0.1%

Shares of NASDAQ META opened at $734.00 on Friday. The stock has a market cap of $1.84 trillion, a P/E ratio of 26.57, a P/E/G ratio of 1.53 and a beta of 1.20. The firm has a 50 day moving average price of $743.05 and a 200 day moving average price of $688.52. 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 issued its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.75 by $1.39. The firm had revenue of $47.52 billion during the quarter, compared to analysts’ expectations of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Robert W. Baird raised their price target on shares of Meta Platforms from $635.00 to $740.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Barclays boosted their price objective on shares of Meta Platforms from $640.00 to $810.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Raymond James Financial boosted their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 31st. Guggenheim restated a “buy” rating and issued a $800.00 price objective (up previously from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Finally, KeyCorp boosted their price objective on shares of Meta Platforms from $800.00 to $905.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $829.66.

Insider Transactions at Meta Platforms

In other news, COO Javier Olivan sold 517 shares of the business’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $721.30, for a total value of $372,912.10. Following the sale, the chief operating officer owned 8,475 shares of the company’s stock, valued at $6,113,017.50. The trade was a 5.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total transaction of $333,391.05. Following the completion of the sale, the director directly owned 7,947 shares in the company, valued at approximately $5,697,760.59. This represents a 5.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 214,182 shares of company stock valued at $164,951,541 over the last 90 days. 13.61% of the stock is owned by corporate insiders.

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.