Cypress Point Wealth Management LLC Raises Stock Holdings in Meta Platforms, Inc. $META

Key Points

• Cypress Point Wealth Management LLC has increased its holdings in Meta Platforms by 43.6%, acquiring an additional 1,799 shares, bringing its total to 5,929 shares valued at approximately $4,376,000.
• Insider activity was noted as two directors sold shares recently, with total insider sales in the last quarter amounting to $196.4 million.
• Meta Platforms recently announced a quarterly dividend of $0.525 per share, with a dividend yield of 0.3% and a payout ratio of 7.60%.

Cypress Point Wealth Management LLC boosted its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 43.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,929 shares of the social networking company's stock after buying an additional 1,799 shares during the quarter. Meta Platforms makes up about 1.1% of Cypress Point Wealth Management LLC's portfolio, making the stock its 13th biggest position. Cypress Point Wealth Management LLC's holdings in Meta Platforms were worth $4,376,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of META. Brighton Jones LLC lifted its stake in shares of Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after acquiring an additional 570 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after acquiring an additional 875 shares during the period. Bank Pictet & Cie Europe AG increased its position in shares of Meta Platforms by 3.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 221,459 shares of the social networking company's stock valued at $129,666,000 after purchasing an additional 7,587 shares during the last quarter. Alpine Global Management LLC purchased a new stake in shares of Meta Platforms in the fourth quarter valued at approximately $207,000. Finally, Pinney & Scofield Inc. acquired a new position in shares of Meta Platforms in the 4th quarter valued at $227,000. 79.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on META. Barclays boosted their target price on shares of Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. DA Davidson increased their target price on shares of Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. HSBC raised shares of Meta Platforms from a "hold" rating to a "buy" rating and boosted their target price for the stock from $610.00 to $900.00 in a research note on Thursday, July 31st. Oppenheimer boosted their price target on shares of Meta Platforms from $775.00 to $870.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, KeyCorp raised their price objective on Meta Platforms from $800.00 to $905.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $826.05.

Insider Buying and Selling

In other news, CEO Mark Zuckerberg sold 15,847 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $753.43, for a total value of $11,939,605.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher K. Cox sold 60,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the completion of the transaction, the insider directly owned 237,205 shares in the company, valued at approximately $184,059,219.75. The trade was a 20.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 257,922 shares of company stock valued at $196,412,792 over the last quarter. Insiders own 13.61% of the company's stock.

Meta Platforms Price Performance

Shares of NASDAQ META traded down $1.87 during midday trading on Friday, reaching $778.38. The company's stock had a trading volume of 22,494,703 shares, compared to its average volume of 9,828,774. The company has a market cap of $1.96 trillion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average price of $747.06 and a 200 day moving average price of $666.27. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. The business had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm's revenue for the quarter was up 21.6% on a year-over-year basis. During the same period in the previous year, the company posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 22nd will be given a $0.525 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is currently 7.60%.

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.