Cyndeo Wealth Partners LLC Sells 5,147 Shares of Meta Platforms, Inc. $META

Key Points

• Cyndeo Wealth Partners LLC decreased its stake in Meta Platforms by 14.7%, selling 5,147 shares, and now holds a total of 29,892 shares valued at approximately $22 million.
• Several analysts have recently updated their price targets for Meta, with Benchmark and Bank of America raising their targets to $890 and $900, respectively, reflecting a strong bullish sentiment with many analysts rating the stock as a "buy."
• Insider selling activity includes COO Javier Olivan and Director Robert M. Kimmitt, who sold a combined $702,187 worth of shares, which accounted for a decrease in their holdings.

Cyndeo Wealth Partners LLC reduced its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 14.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,892 shares of the social networking company's stock after selling 5,147 shares during the period. Meta Platforms comprises approximately 1.3% of Cyndeo Wealth Partners LLC's portfolio, making the stock its 12th biggest holding. Cyndeo Wealth Partners LLC's holdings in Meta Platforms were worth $22,063,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Brandywine Oak Private Wealth LLC grew its position in Meta Platforms by 8.5% during the second quarter. Brandywine Oak Private Wealth LLC now owns 2,569 shares of the social networking company's stock valued at $1,896,000 after acquiring an additional 202 shares during the last quarter. Vivid Wealth Management LLC grew its holdings in shares of Meta Platforms by 1.2% in the second quarter. Vivid Wealth Management LLC now owns 3,829 shares of the social networking company's stock worth $2,826,000 after purchasing an additional 45 shares during the last quarter. Wealthstar Advisors LLC grew its holdings in shares of Meta Platforms by 4.6% in the second quarter. Wealthstar Advisors LLC now owns 2,197 shares of the social networking company's stock worth $1,622,000 after purchasing an additional 96 shares during the last quarter. Baskin Financial Services Inc. grew its holdings in shares of Meta Platforms by 3.8% in the second quarter. Baskin Financial Services Inc. now owns 37,825 shares of the social networking company's stock worth $27,918,000 after purchasing an additional 1,375 shares during the last quarter. Finally, M1 Capital Management LLC grew its holdings in shares of Meta Platforms by 0.3% in the second quarter. M1 Capital Management LLC now owns 7,398 shares of the social networking company's stock worth $5,460,000 after purchasing an additional 19 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on META shares. Benchmark raised their target price on shares of Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Bank of America raised their target price on shares of Meta Platforms from $775.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Truist Financial set a $880.00 target price on shares of Meta Platforms in a report on Thursday, September 18th. UBS Group raised their target price on shares of Meta Platforms from $897.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, October 9th. Finally, Stifel Nicolaus raised their target price on shares of Meta Platforms from $845.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $830.68.

Insider Buying and Selling

In related news, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $713.34, for a total value of $368,796.78. Following the completion of the sale, the chief operating officer directly owned 8,992 shares in the company, valued at approximately $6,414,353.28. This trade represents a 5.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total value of $333,391.05. Following the completion of the sale, the director owned 7,947 shares of the company's stock, valued at $5,697,760.59. The trade was a 5.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 213,665 shares of company stock worth $164,568,109. 13.61% of the stock is owned by corporate insiders.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $716.91 on Monday. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The business has a fifty day moving average price of $746.75 and a 200-day moving average price of $684.78. The company has a market capitalization of $1.80 trillion, a PE ratio of 25.96, a PEG ratio of 1.50 and a beta of 1.20.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating 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 firm had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same period last year, the company earned $5.16 earnings per share. The company's revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms's dividend payout ratio (DPR) is presently 7.60%.

Meta Platforms Company 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.

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