Members Trust Co Has $783,000 Holdings in Meta Platforms, Inc. $META

Group 1: Hedge Fund Activity - Family Capital Management Inc. increased its holdings in Meta Platforms by 35.5%, owning 687 shares worth $507,000 after purchasing an additional 180 shares [1] - Brookstone Capital Management raised its stake by 12.8%, now owning 61,489 shares valued at $45.39 million after buying 6,971 shares [1] - Phillips Financial Management LLC increased its stake by 9.0%, owning 1,158 shares worth $855,000 after acquiring 96 shares [1] - Jacobsen Capital Management raised its stake by 12.7%, now holding 4,273 shares valued at $3.15 million after buying 483 shares [1] - Chokshi & Queen Wealth Advisors Inc. increased its stake by 23.3%, owning 2,559 shares worth $1.89 million after purchasing 483 shares [1] - Institutional investors and hedge funds collectively own 79.91% of Meta Platforms' stock [1] Group 2: Stock Performance and Financial Metrics - Meta Platforms' stock opened at $648.35, with a 1-year low of $479.80 and a high of $796.25 [2] - The company has a market capitalization of $1.63 trillion, a P/E ratio of 28.64, and a price-to-earnings-growth ratio of 1.38 [2] - The current ratio is 1.98, quick ratio is 1.97, and debt-to-equity ratio is 0.15 [2] - The fifty-day moving average price is $738.28, while the two-hundred-day moving average price is $697.96 [2] Group 3: Earnings and Dividends - Meta Platforms reported $7.25 earnings per share for the quarter, exceeding the consensus estimate of $6.74 by $0.51 [3] - The company had revenue of $51.24 billion, surpassing the consensus estimate of $49.34 billion, with a year-over-year revenue increase of 26.2% [3] - The net margin was 30.89%, and return on equity was 39.35% [3] - A quarterly dividend of $0.525 per share was paid, representing an annualized dividend of $2.10 and a yield of 0.3% [4] - The payout ratio is currently 9.28% [4] Group 4: Analyst Ratings - Citigroup lowered its target price for Meta Platforms from $915.00 to $850.00 while maintaining a "buy" rating [5] - Bank of America reduced its target price from $900.00 to $810.00, also with a "buy" rating [5] - KeyCorp lowered its target price from $905.00 to $875.00, maintaining an "overweight" rating [5] - The average rating for Meta Platforms is "Moderate Buy" with a consensus target price of $827.60 [5] Group 5: Insider Transactions - Director Robert M. Kimmitt sold 465 shares at an average price of $716.97, totaling $333,391.05, reducing his ownership by 5.53% [8] - COO Javier Olivan sold 517 shares at an average price of $749.57, totaling $387,527.69, reducing his ownership by 6.10% [8] - Insiders sold a total of 198,335 shares valued at $153.05 million over the last three months [8] - Corporate insiders own 13.61% of the company's stock [8] Group 6: Company Overview - Meta Platforms, Inc. develops products for connecting and sharing through mobile devices, PCs, virtual reality headsets, and wearables [9] - The company operates in two segments: Family of Apps and Reality Labs [9] - The Family of Apps segment includes Facebook, Instagram, Messenger, and WhatsApp [9]