Trustco Bank Corp N Y Buys 107 Shares of Meta Platforms, Inc. $META

Trustco Bank Corp N Y grew its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 19.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 657 shares of the social networking company’s stock after acquiring an additional 107 shares during the period. Trustco Bank Corp N Y’s holdings in Meta Platforms were worth $379,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of Meta Platforms by 67,172.9% during the 1st quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company’s stock valued at $13,517,178,000 after buying an additional 23,417,803 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Meta Platforms during the 1st quarter valued at approximately $2,990,544,000. Assenagon Asset Management S.A. lifted its stake in shares of Meta Platforms by 712.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company’s stock valued at $1,462,589,000 after buying an additional 2,225,186 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Meta Platforms during the 4th quarter valued at approximately $1,162,918,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Meta Platforms by 8.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock valued at $8,977,361,000 after buying an additional 1,255,546 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Meta Platforms Price Performance

META stock opened at $747.38 on Thursday. 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. The firm’s fifty day moving average is $733.50 and its 200 day moving average is $658.54. The firm has a market cap of $1.88 trillion, a P/E ratio of 27.06, a P/E/G ratio of 1.56 and a beta of 1.27.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS 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 firm’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the firm earned $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on META shares. Citigroup restated an “outperform” rating on shares of Meta Platforms in a research note on Thursday, July 31st. Scotiabank increased their target price on shares of Meta Platforms from $675.00 to $685.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. Raymond James Financial increased their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 31st. Bank of America increased their target price on shares of Meta Platforms from $775.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Finally, Rosenblatt Securities lifted their price objective on shares of Meta Platforms from $846.00 to $918.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $822.41.

Insiders Place Their Bets

In related news, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $402,225.00. Following the completion of the transaction, the insider directly owned 32,946 shares of the company’s stock, valued at $25,533,150. This trade represents a 1.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $755.11, for a total transaction of $390,391.87. Following the completion of the transaction, the chief operating officer directly owned 12,611 shares of the company’s stock, valued at $9,522,692.21. This trade represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 313,284 shares of company stock worth $235,008,531. 13.61% of the stock is currently owned by insiders.

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.