Syntegra Private Wealth Group LLC Buys 373 Shares of Meta Platforms, Inc. $META

Syntegra Private Wealth Group LLC lifted its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 27.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,735 shares of the social networking company’s stock after acquiring an additional 373 shares during the quarter. Syntegra Private Wealth Group LLC’s holdings in Meta Platforms were worth $1,280,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in META. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Meta Platforms during the 1st quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Meta Platforms during the 1st quarter worth about $33,000. Evergreen Private Wealth LLC lifted its position in shares of Meta Platforms by 237.5% during the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after purchasing an additional 38 shares during the last quarter. Maseco LLP acquired a new position in shares of Meta Platforms during the 2nd quarter worth about $54,000. Finally, eCIO Inc. acquired a new position in shares of Meta Platforms during the 1st quarter worth about $58,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on META shares. Stifel Nicolaus cut their price objective on Meta Platforms from $900.00 to $875.00 and set a “buy” rating for the company in a research report on Thursday. JPMorgan Chase & Co. cut their price objective on Meta Platforms from $875.00 to $800.00 and set an “overweight” rating for the company in a research report on Thursday. Piper Sandler cut their price objective on Meta Platforms from $880.00 to $840.00 and set an “overweight” rating for the company in a research report on Thursday. Truist Financial cut their price target on Meta Platforms from $900.00 to $875.00 and set a “buy” rating for the company in a report on Thursday. Finally, BMO Capital Markets upped their price target on Meta Platforms from $610.00 to $710.00 and gave the company a “market perform” rating in a report on Thursday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $827.60.

Insider Buying and Selling

In other news, CFO Susan J. Li sold 18,332 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the completion of the transaction, the chief financial officer directly owned 84,141 shares of the company’s stock, valued at approximately $64,343,464.11. This represents a 17.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christopher K. Cox sold 60,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total value of $46,557,000.00. Following the completion of the transaction, the insider directly owned 237,205 shares of the company’s stock, valued at approximately $184,059,219.75. The trade was a 20.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 198,335 shares of company stock valued at $153,047,009. 13.61% of the stock is currently owned by corporate insiders.

Meta Platforms Trading Down 11.3%

Shares of META opened at $666.47 on Friday. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. 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 stock has a 50 day simple moving average of $740.41 and a 200-day simple moving average of $695.92. The stock has a market cap of $1.67 trillion, a PE ratio of 29.44, a PEG ratio of 1.60 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a return on equity of 39.69% and a net margin of 30.89%.The business had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. During the same period in the prior year, the firm posted $6.03 EPS. Meta Platforms’s quarterly revenue was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. On average, sell-side analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued a $0.525 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio is presently 9.28%.

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.