SYM FINANCIAL Corp Purchases 771 Shares of Meta Platforms, Inc. (NASDAQ:META)

SYM FINANCIAL Corp grew its position in Meta Platforms, Inc. (NASDAQ:META) by 52.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,251 shares of the social networking company’s stock after acquiring an additional 771 shares during the period. SYM FINANCIAL Corp’s holdings in Meta Platforms were worth $1,135,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of META. Quest Partners LLC acquired a new position in Meta Platforms in the 4th quarter valued at about $32,000. Clear Investment Research LLC grew its position in shares of Meta Platforms by 411.1% in the fourth quarter. Clear Investment Research LLC now owns 92 shares of the social networking company’s stock valued at $33,000 after purchasing an additional 74 shares during the last quarter. Delos Wealth Advisors LLC increased its position in Meta Platforms by 527.3% during the 1st quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company’s stock worth $34,000 after buying an additional 58 shares during the period. POM Investment Strategies LLC bought a new stake in shares of Meta Platforms in the second quarter valued at about $38,000. Finally, Ruedi Wealth Management Inc. grew its stake in shares of Meta Platforms by 122.2% in the second quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company’s stock valued at $40,000 after acquiring an additional 44 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Meta Platforms

In related news, COO Javier Olivan sold 413 shares of Meta Platforms stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $536.92, for a total value of $221,747.96. Following the sale, the chief operating officer now owns 14,424 shares of the company’s stock, valued at approximately $7,744,534.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $496.99, for a total transaction of $449,775.95. Following the sale, the insider now directly owns 38,750 shares of the company’s stock, valued at $19,258,362.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Javier Olivan sold 413 shares of Meta Platforms stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $536.92, for a total transaction of $221,747.96. Following the completion of the transaction, the chief operating officer now owns 14,424 shares of the company’s stock, valued at approximately $7,744,534.08. The disclosure for this sale can be found here. Insiders have sold a total of 357,574 shares of company stock worth $185,587,773 over the last three months. 13.71% of the stock is currently owned by insiders.

Analyst Ratings Changes

META has been the subject of several recent research reports. Loop Capital boosted their price target on Meta Platforms from $550.00 to $575.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. raised their price target on Meta Platforms from $480.00 to $610.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. The Goldman Sachs Group increased their price objective on shares of Meta Platforms from $522.00 to $555.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. UBS Group upped their price target on shares of Meta Platforms from $630.00 to $635.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Truist Financial lifted their price objective on shares of Meta Platforms from $535.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating, thirty-four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $577.26.

Meta Platforms Trading Up 1.7 %

NASDAQ:META opened at $533.28 on Tuesday. Meta Platforms, Inc. has a 52 week low of $279.40 and a 52 week high of $544.23. The firm has a 50-day moving average price of $505.21 and a two-hundred day moving average price of $495.81. The firm has a market cap of $1.35 trillion, a price-to-earnings ratio of 30.63, a price-to-earnings-growth ratio of 1.26 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.83 and a current ratio of 2.83.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, July 31st. The social networking company reported $5.16 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.46. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The business had revenue of $39.07 billion for the quarter, compared to analysts’ expectations of $38.26 billion. During the same quarter in the previous year, the firm earned $3.23 earnings per share. The business’s revenue was up 22.1% on a year-over-year basis. On average, equities analysts expect that Meta Platforms, Inc. will post 21.36 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Monday, September 16th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend is Monday, September 16th. Meta Platforms’s dividend payout ratio is 11.49%.

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.