Park National Corp OH Has $49.28 Million Stock Position in Meta Platforms, Inc. $META

Park National Corp OH lifted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 9.3% during the 1st quarter, HoldingsChannel reports. The fund owned 86,127 shares of the social networking company’s stock after acquiring an additional 7,353 shares during the quarter. Meta Platforms accounts for approximately 1.5% of Park National Corp OH’s holdings, making the stock its 11th largest position. Park National Corp OH’s holdings in Meta Platforms were worth $49,276,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. First National Bank Sioux Falls increased its holdings in shares of Meta Platforms by 0.7% during the fourth quarter. First National Bank Sioux Falls now owns 2,001 shares of the social networking company’s stock worth $1,321,000 after purchasing an additional 14 shares during the period. Levin Capital Strategies L.P. boosted its stake in shares of Meta Platforms by 1.4% in the fourth quarter. Levin Capital Strategies L.P. now owns 984 shares of the social networking company’s stock valued at $649,000 after buying an additional 14 shares during the period. Vista Capital Partners Inc. grew its position in Meta Platforms by 1.3% during the second quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company’s stock worth $794,000 after buying an additional 14 shares in the last quarter. Arcataur Capital Management LLC grew its position in Meta Platforms by 0.9% during the fourth quarter. Arcataur Capital Management LLC now owns 1,736 shares of the social networking company’s stock worth $1,146,000 after buying an additional 15 shares in the last quarter. Finally, Acorn Creek Capital LLC increased its stake in Meta Platforms by 0.7% during the 4th quarter. Acorn Creek Capital LLC now owns 2,118 shares of the social networking company’s stock worth $1,398,000 after acquiring an additional 15 shares during the period. 79.91% of the stock is owned by institutional investors.

Insider Activity at Meta Platforms

In related news, Director Robert M. Kimmitt sold 504 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $629.29, for a total transaction of $317,162.16. Following the completion of the transaction, the director directly owned 3,943 shares in the company, valued at $2,481,290.47. This represents a 11.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis J. Mahoney sold 2,079 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the completion of the transaction, the insider directly owned 1,118 shares of the company’s stock, valued at approximately $681,890.56. The trade was a 65.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 39,013 shares of company stock valued at $24,115,999. 13.53% of the stock is owned by insiders.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Meta is making a major strategic push in India, investing $900 million in fintech startup CRED and appointing its founder, Kunal Shah, to lead WhatsApp. Investors may view this as a growth-oriented move that strengthens Meta’s positioning in a key market. Indian fintech firm CRED to raise $900 million from Meta at $4.5 billion valuation
• Positive Sentiment: Analysts and commentators continued to highlight upside potential for META, with reports noting Wall Street price targets implying substantial upside and framing the recent pullback as a buying opportunity. Meta Taps New WhatsApp Boss as Part of $900 Million Investment
• Neutral Sentiment: Meta is expanding Instagram beyond mobile with new TV features, a product move that could open another engagement channel but is not yet a material financial catalyst. Meta Takes on Streaming Giants With New ‘Instagram for TV’ Offerings
• Neutral Sentiment: Meta is pausing an internal mouse-tracking and employee activity program while it reviews data-security concerns. The move may reduce near-term controversy, but it also underscores internal governance and privacy issues around its AI efforts. Meta to pause internal mouse-tracking tech while examining data security issues
• Negative Sentiment: Reports of a leaked employee-activity database from Meta’s AI training program intensified backlash and raised concerns about internal data security and employee trust, which can weigh on sentiment. Meta pauses an AI training program that tracks employees’ keystrokes after a companywide leak
• Negative Sentiment: Shares are also being dragged by a broader tech selloff, with Meta included in a drop across the Magnificent 7 as investors rotate out of high-growth names. The Magnificent 7 Selloff Is a Rare Buying Opportunity

Meta Platforms Price Performance

Shares of META stock opened at $563.85 on Tuesday. The business has a fifty day simple moving average of $619.98 and a 200 day simple moving average of $633.52. The company has a market cap of $1.43 trillion, a P/E ratio of 20.50, a P/E/G ratio of 1.02 and a beta of 1.23. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $796.25.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.67 by $3.77. The firm had revenue of $56.31 billion for the quarter, compared to analysts’ expectations of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The business’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.43 earnings per share. On average, sell-side analysts forecast that Meta Platforms, Inc. will post 29.35 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 15th will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.10 annualized dividend and a dividend yield of 0.4%. Meta Platforms’s payout ratio is 7.63%.

Analyst Upgrades and Downgrades

META has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $810.00 target price on shares of Meta Platforms in a research report on Monday, June 1st. Roth Mkm restated a “buy” rating on shares of Meta Platforms in a research report on Thursday, April 30th. Stifel Nicolaus dropped their price target on Meta Platforms from $805.00 to $780.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Tigress Financial upped their price objective on shares of Meta Platforms from $935.00 to $945.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, March 18th. Finally, Cantor Fitzgerald decreased their target price on shares of Meta Platforms from $850.00 to $750.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $840.60.

About Meta Platforms

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.