SYM FINANCIAL Corp Acquires 667 Shares of Meta Platforms, Inc. (NASDAQ:META)

SYM FINANCIAL Corp boosted its stake in Meta Platforms, Inc. (NASDAQ:META) by 32.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,727 shares of the social networking company’s stock after buying an additional 667 shares during the quarter. SYM FINANCIAL Corp’s holdings in Meta Platforms were worth $965,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in META. Stone House Investment Management LLC raised its holdings in shares of Meta Platforms by 625.0% in the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after purchasing an additional 75 shares during the period. Beaird Harris Wealth Management LLC raised its position in shares of Meta Platforms by 68.9% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after buying an additional 42 shares in the last quarter. PayPay Securities Corp lifted its holdings in shares of Meta Platforms by 65.2% during the 3rd quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock worth $33,000 after acquiring an additional 43 shares during the last quarter. Cranbrook Wealth Management LLC grew its position in Meta Platforms by 80.4% in the fourth quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after acquiring an additional 45 shares in the last quarter. Finally, Gilfoyle & Co LLC bought a new position in Meta Platforms in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on META. Canaccord Genuity Group lifted their price target on Meta Platforms from $450.00 to $540.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Sanford C. Bernstein cut their target price on Meta Platforms from $590.00 to $565.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Benchmark reissued a “hold” rating on shares of Meta Platforms in a research note on Monday, April 22nd. Barclays cut their price objective on shares of Meta Platforms from $550.00 to $520.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. Finally, Wedbush decreased their target price on shares of Meta Platforms from $570.00 to $480.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $509.80.

Insiders Place Their Bets

In related news, insider Jennifer Newstead sold 585 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $431.05, for a total value of $252,164.25. Following the transaction, the insider now directly owns 36,643 shares of the company’s stock, valued at approximately $15,794,965.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Jennifer Newstead sold 585 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $431.05, for a total value of $252,164.25. Following the completion of the transaction, the insider now owns 36,643 shares in the company, valued at $15,794,965.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 34,398 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $457.52, for a total value of $15,737,772.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,257,876 shares of company stock valued at $613,168,252. Insiders own 13.71% of the company’s stock.

Meta Platforms Stock Up 2.3 %

Shares of META stock traded up $10.28 during trading hours on Friday, hitting $451.96. 16,489,057 shares of the company’s stock traded hands, compared to its average volume of 20,698,000. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. The stock has a market cap of $1.15 trillion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.15 and a beta of 1.21. The stock’s fifty day simple moving average is $490.72 and its two-hundred day simple moving average is $408.34. Meta Platforms, Inc. has a 12-month low of $229.85 and a 12-month high of $531.49.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, topping the consensus estimate of $4.32 by $0.39. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. The business had revenue of $36.46 billion for the quarter, compared to the consensus estimate of $36.28 billion. On average, analysts expect that Meta Platforms, Inc. will post 20.1 EPS for the current year.

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.