Bangor Savings Bank Boosts Stock Holdings in Meta Platforms, Inc. $META

Bangor Savings Bank lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 36.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,134 shares of the social networking company’s stock after buying an additional 840 shares during the quarter. Bangor Savings Bank’s holdings in Meta Platforms were worth $2,302,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of META. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of Meta Platforms by 0.4% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,506 shares of the social networking company’s stock valued at $2,587,000 after purchasing an additional 13 shares during the period. Hemington Wealth Management grew its holdings in Meta Platforms by 0.6% during the 2nd quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company’s stock valued at $1,641,000 after buying an additional 14 shares in the last quarter. Trust Co of the South increased its position in shares of Meta Platforms by 0.8% during the third quarter. Trust Co of the South now owns 1,850 shares of the social networking company’s stock valued at $1,359,000 after buying an additional 14 shares during the period. Sentinel Pension Advisors LLC increased its position in shares of Meta Platforms by 1.6% during the third quarter. Sentinel Pension Advisors LLC now owns 915 shares of the social networking company’s stock valued at $672,000 after buying an additional 14 shares during the period. Finally, Alpine Bank Wealth Management increased its position in shares of Meta Platforms by 0.3% during the third quarter. Alpine Bank Wealth Management now owns 4,301 shares of the social networking company’s stock valued at $3,159,000 after buying an additional 14 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Meta Platforms

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Threads’ mobile daily users have reportedly passed X, indicating stronger engagement that could help ad monetization and user-growth narrative. Read More.
• Positive Sentiment: Instagram is shifting most ad inventory into Reels (over half of Instagram ads in 2025), supporting the company’s short‑form video monetization strategy. Read More.

Insiders Place Their Bets

In related news, Director Robert M. Kimmitt sold 600 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $609.35, for a total value of $365,610.00. Following the completion of the transaction, the director directly owned 7,347 shares in the company, valued at $4,476,894.45. The trade was a 7.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Aaron Anderson sold 726 shares of Meta Platforms stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $591.60, for a total transaction of $429,501.60. Following the completion of the sale, the chief accounting officer directly owned 6,035 shares of the company’s stock, valued at approximately $3,570,306. This trade represents a 10.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 40,115 shares of company stock valued at $24,741,055 in the last 90 days. Corporate insiders own 13.61% of the company’s stock.

Meta Platforms Stock Down 2.6%

Shares of NASDAQ META opened at $604.12 on Wednesday. The firm’s fifty day moving average is $640.33 and its 200 day moving average is $698.52. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.52 trillion, a price-to-earnings ratio of 26.68, a PEG ratio of 1.22 and a beta of 1.29.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. The company had revenue of $51.24 billion for the quarter, compared to the consensus estimate of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.Meta Platforms’s revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.03 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 company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 15th were paid 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, December 15th. Meta Platforms’s dividend payout ratio is presently 9.28%.

Analysts Set New Price Targets

Several analysts have issued reports on META shares. Rosenblatt Securities reiterated a “buy” rating and issued a $1,117.00 target price on shares of Meta Platforms in a research note on Wednesday, January 14th. Piper Sandler decreased their price target on shares of Meta Platforms from $880.00 to $840.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Raymond James Financial reissued a “strong-buy” rating and set a $825.00 price objective (down previously from $900.00) on shares of Meta Platforms in a research note on Thursday, October 30th. Cowen restated a “buy” rating on shares of Meta Platforms in a research report on Tuesday, January 13th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $870.00 price target (down previously from $900.00) on shares of Meta Platforms in a report on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $821.07.

Meta Platforms Company Profile

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.