Meta Platforms, Inc. $META Shares Acquired by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 11.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,296 shares of the social networking company’s stock after buying an additional 3,404 shares during the period. Meta Platforms comprises 1.3% of Cyndeo Wealth Partners LLC’s portfolio, making the stock its 9th largest holding. Cyndeo Wealth Partners LLC’s holdings in Meta Platforms were worth $24,452,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Quotient Wealth Partners LLC lifted its stake in Meta Platforms by 5.9% during the third quarter. Quotient Wealth Partners LLC now owns 9,275 shares of the social networking company’s stock worth $6,812,000 after purchasing an additional 513 shares during the period. Abound Wealth Management grew its stake in shares of Meta Platforms by 3.7% in the 3rd quarter. Abound Wealth Management now owns 2,128 shares of the social networking company’s stock valued at $1,562,000 after purchasing an additional 76 shares during the period. Advance Capital Management Inc. raised its holdings in shares of Meta Platforms by 3.6% in the 3rd quarter. Advance Capital Management Inc. now owns 1,171 shares of the social networking company’s stock worth $860,000 after buying an additional 41 shares in the last quarter. KMG Fiduciary Partners LLC lifted its position in shares of Meta Platforms by 1.7% during the 3rd quarter. KMG Fiduciary Partners LLC now owns 44,399 shares of the social networking company’s stock worth $32,605,000 after buying an additional 721 shares during the period. Finally, Signal Advisors Wealth LLC lifted its position in shares of Meta Platforms by 16.8% during the 3rd quarter. Signal Advisors Wealth LLC now owns 8,365 shares of the social networking company’s stock worth $6,143,000 after buying an additional 1,203 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Insider Transactions at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $646.00, for a total transaction of $333,982.00. Following the completion of the sale, the chief operating officer directly owned 13,234 shares of the company’s stock, valued at approximately $8,549,164. The trade was a 3.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $643.23, for a total transaction of $333,836.37. Following the transaction, the insider owned 29,696 shares in the company, valued at approximately $19,101,358.08. The trade was a 1.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 41,038 shares of company stock worth $25,675,535. Insiders own 13.61% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on META. Truist Financial lowered their price target on Meta Platforms from $900.00 to $875.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Jefferies Financial Group lowered their target price on shares of Meta Platforms from $950.00 to $910.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Monness Crespi & Hardt cut their price target on shares of Meta Platforms from $860.00 to $808.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Erste Group Bank lowered shares of Meta Platforms from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Stifel Nicolaus dropped their price objective on shares of Meta Platforms from $900.00 to $875.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $818.59.

Check Out Our Latest Stock Report on META

Meta Platforms Trading Up 0.4%

Shares of NASDAQ META opened at $661.50 on Tuesday. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a 50-day moving average of $658.67 and a two-hundred day moving average of $707.27. The company has a market cap of $1.67 trillion, a PE ratio of 29.22, a P/E/G ratio of 1.38 and a beta of 1.28. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business had revenue of $51.24 billion during the quarter, compared to analyst estimates of $49.34 billion. During the same quarter last year, the business posted $6.03 earnings per share. Meta Platforms’s revenue for the quarter was up 26.2% compared to the same quarter last year. As a group, equities analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Monday, December 15th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, December 15th. Meta Platforms’s dividend payout ratio (DPR) is 9.28%.

Key Stores Impacting Meta Platforms

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Meta Platforms Company Profile

(Free Report)

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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