Tyche Wealth Partners LLC Sells 1,844 Shares of Meta Platforms, Inc. $META

Key Points

• Tyche Wealth Partners LLC reduced its stake in Meta Platforms, Inc. by 36.4%, selling 1,844 shares and bringing its total holdings to 3,225 shares valued at approximately $2.38 million.
• Insiders at Meta have sold a total of 212,681 shares worth over $163 million in the last ninety days, indicating potential changes in management confidence.
• Brokerages have shown a positive outlook on Meta, with several analysts upgrading their price targets, and a consensus rating of "Moderate Buy" with an average target price of $830.68.

Tyche Wealth Partners LLC lowered its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 36.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,225 shares of the social networking company's stock after selling 1,844 shares during the period. Tyche Wealth Partners LLC's holdings in Meta Platforms were worth $2,380,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Csenge Advisory Group grew its stake in Meta Platforms by 12.0% in the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock worth $5,498,000 after buying an additional 1,019 shares in the last quarter. ARQ Wealth Advisors LLC raised its holdings in Meta Platforms by 4.5% during the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock valued at $452,000 after buying an additional 34 shares during the last quarter. JMG Financial Group Ltd. bought a new position in Meta Platforms in the 1st quarter worth $284,000. Infusive Asset Management Inc. raised its holdings in Meta Platforms by 10.7% in the 1st quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company's stock worth $13,614,000 after purchasing an additional 2,285 shares in the last quarter. Finally, Spirepoint Private Client LLC grew its position in shares of Meta Platforms by 2.7% in the 2nd quarter. Spirepoint Private Client LLC now owns 4,080 shares of the social networking company's stock worth $3,011,000 after buying an additional 109 shares during the period. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Transactions at Meta Platforms

In other news, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction on Monday, September 15th. The stock was sold at an average price of $757.47, for a total transaction of $352,223.55. Following the completion of the sale, the director directly owned 8,412 shares in the company, valued at approximately $6,371,837.64. This trade represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer Newstead sold 519 shares of Meta Platforms stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $716.98, for a total value of $372,112.62. Following the sale, the insider owned 29,313 shares of the company's stock, valued at approximately $21,016,834.74. This trade represents a 1.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 212,681 shares of company stock worth $163,863,761. 13.61% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on META. Weiss Ratings reissued a "buy (b)" rating on shares of Meta Platforms in a research report on Wednesday, October 8th. Wedbush lifted their price objective on shares of Meta Platforms from $750.00 to $920.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Royal Bank Of Canada lifted their price objective on shares of Meta Platforms from $740.00 to $840.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Stifel Nicolaus lifted their price objective on shares of Meta Platforms from $845.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Truist Financial set a $880.00 price objective on shares of Meta Platforms in a research report on Thursday, September 18th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Meta Platforms presently has an average rating of "Moderate Buy" and an average target price of $830.68.

Meta Platforms Stock Down 1.0%

NASDAQ META opened at $708.65 on Wednesday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average of $749.89 and a two-hundred day moving average of $680.94. The firm has a market capitalization of $1.78 trillion, a price-to-earnings ratio of 25.66, a PEG ratio of 1.49 and a beta of 1.20. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week 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 the consensus estimate of $5.75 by $1.39. The company had revenue of $47.52 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

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

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.