TD Private Client Wealth LLC Has $30.18 Million Holdings in Meta Platforms, Inc. $META

Key Points

• TD Private Client Wealth LLC reduced its stake in Meta Platforms by 4.4% in Q2, owning 40,884 shares valued at approximately $30.18 million.
• Recent insider trades saw Director Robert M. Kimmitt and insider Jennifer Newstead sell significant shares of Meta, reducing their holdings by 5.24% and 1.68%, respectively.
• Analysts have raised their price targets for Meta Platforms, with Guggenheim estimating a target price of $800 and Barclays at $810, indicating positive market sentiment.

TD Private Client Wealth LLC cut its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,884 shares of the social networking company's stock after selling 1,898 shares during the period. TD Private Client Wealth LLC's holdings in Meta Platforms were worth $30,176,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in META. Inlight Wealth Management LLC acquired a new position in Meta Platforms during the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Meta Platforms during the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Meta Platforms during the first quarter worth $33,000. JCIC Asset Management Inc. increased its holdings in Meta Platforms by 102.6% during the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after buying an additional 40 shares during the last quarter. Finally, Principia Wealth Advisory LLC increased its holdings in Meta Platforms by 53.6% during the first quarter. Principia Wealth Advisory LLC now owns 86 shares of the social networking company's stock worth $50,000 after buying an additional 30 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Robert M. Kimmitt sold 465 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $757.47, for a total value of $352,223.55. Following the completion of the sale, the director owned 8,412 shares of the company's stock, valued at approximately $6,371,837.64. The trade was a 5.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $769.20, for a total transaction of $399,214.80. Following the sale, the insider directly owned 30,351 shares of the company's stock, valued at $23,345,989.20. This represents a 1.68% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 229,819 shares of company stock valued at $176,241,968. 13.61% of the stock is owned by company insiders.

Meta Platforms Trading Down 0.7%

Shares of Meta Platforms stock opened at $743.75 on Monday. The firm has a 50-day moving average of $751.74 and a 200-day moving average of $671.40. The stock has a market cap of $1.87 trillion, a PE ratio of 26.93, a PEG ratio of 1.55 and a beta of 1.24. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97.

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

Meta Platforms Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Guggenheim restated a "buy" rating and set a $800.00 target price (up from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Barclays upped their price objective on shares of Meta Platforms from $640.00 to $810.00 and gave the company an "overweight" rating in a report on Friday, August 1st. DA Davidson upped their price objective on shares of Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Canaccord Genuity Group upped their price objective on shares of Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Finally, HSBC upgraded shares of Meta Platforms from a "hold" rating to a "buy" rating and upped their price objective for the company from $610.00 to $900.00 in a report on Thursday, July 31st. Three 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's stock. According to data from MarketBeat, Meta Platforms has an average rating of "Moderate Buy" and a consensus target price of $826.05.

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.

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