Chemung Canal Trust Co. Buys 327 Shares of Meta Platforms, Inc. $META

Chemung Canal Trust Co. increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 3.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 9,764 shares of the social networking company’s stock after purchasing an additional 327 shares during the quarter. Meta Platforms makes up 1.5% of Chemung Canal Trust Co.’s holdings, making the stock its 22nd biggest position. Chemung Canal Trust Co.’s holdings in Meta Platforms were worth $7,207,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of META. Brighton Jones LLC increased its position in shares of Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock valued at $20,230,000 after purchasing an additional 570 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of Meta Platforms by 10.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after purchasing an additional 875 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Meta Platforms by 16.7% during the 1st quarter. GAMMA Investing LLC now owns 40,691 shares of the social networking company’s stock valued at $23,453,000 after purchasing an additional 5,829 shares during the last quarter. Everhart Financial Group Inc. increased its position in shares of Meta Platforms by 3.4% during the 1st quarter. Everhart Financial Group Inc. now owns 17,586 shares of the social networking company’s stock valued at $10,136,000 after purchasing an additional 586 shares during the last quarter. Finally, Stanley Laman Group Ltd. grew its position in Meta Platforms by 43.0% in the 1st quarter. Stanley Laman Group Ltd. now owns 2,809 shares of the social networking company’s stock valued at $1,619,000 after acquiring an additional 845 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Price Performance

Shares of META stock opened at $705.30 on Monday. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The stock has a market capitalization of $1.77 trillion, a price-to-earnings ratio of 25.54, a P/E/G ratio of 1.47 and a beta of 1.20. The stock has a fifty day simple moving average of $752.20 and a two-hundred day simple moving average of $679.78. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping the consensus estimate of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business had revenue of $47.52 billion during the quarter, compared to analysts’ expectations of $44.55 billion. During the same period in the prior year, the business earned $5.16 EPS. The business’s revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts predict 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. Investors of record on Monday, September 22nd were paid 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 was Monday, September 22nd. Meta Platforms’s dividend payout ratio is 7.60%.

Wall Street Analysts Forecast Growth

META has been the topic of several research analyst reports. Raymond James Financial upped their price objective on Meta Platforms from $750.00 to $900.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 31st. DA Davidson upped their price objective on Meta Platforms from $650.00 to $825.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Barclays upped their price objective on Meta Platforms from $640.00 to $810.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Needham & Company LLC raised Meta Platforms from an “underperform” rating to a “hold” rating in a research report on Thursday, July 3rd. Finally, Scotiabank upped their price objective on Meta Platforms from $675.00 to $685.00 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $830.68.

Insider Buying and Selling

In related news, insider Jennifer Newstead sold 519 shares of the company’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $716.98, for a total transaction of $372,112.62. Following the completion of the sale, the insider directly owned 29,313 shares in the company, valued at $21,016,834.74. This represents a 1.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Javier Olivan sold 517 shares of the company’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $704.81, for a total value of $364,386.77. Following the sale, the chief operating officer owned 9,509 shares of the company’s stock, valued at $6,702,038.29. This trade represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 213,665 shares of company stock worth $164,575,272 in the last three months. 13.61% of the stock is owned by 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.