Symphony Financial Ltd. Co. Purchases 352,544 Shares of Meta Platforms, Inc. $META

Symphony Financial Ltd. Co. grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 9,086.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 356,424 shares of the social networking company’s stock after purchasing an additional 352,544 shares during the quarter. Meta Platforms makes up approximately 1.3% of Symphony Financial Ltd. Co.’s holdings, making the stock its 12th biggest position. Symphony Financial Ltd. Co.’s holdings in Meta Platforms were worth $262,817,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in META. Cannon Advisors Inc. grew its position in Meta Platforms by 1.7% during the second quarter. Cannon Advisors Inc. now owns 1,690 shares of the social networking company’s stock valued at $1,247,000 after buying an additional 29 shares during the period. Y.D. More Investments Ltd raised its position in Meta Platforms by 6.7% in the second quarter. Y.D. More Investments Ltd now owns 40,704 shares of the social networking company’s stock worth $30,039,000 after acquiring an additional 2,548 shares during the period. Foundation Wealth Management LLC PA purchased a new position in shares of Meta Platforms during the 2nd quarter worth $258,000. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management grew its position in shares of Meta Platforms by 36.7% during the 2nd quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 31,300 shares of the social networking company’s stock valued at $23,102,000 after acquiring an additional 8,400 shares during the period. Finally, Integrated Quantitative Investments LLC purchased a new stake in shares of Meta Platforms in the 2nd quarter worth $1,709,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Insider Activity

In other Meta Platforms news, CAO Aaron Anderson sold 726 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $591.60, for a total transaction of $429,501.60. Following the completion of the transaction, the chief accounting officer owned 6,035 shares in the company, valued at $3,570,306. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Javier Olivan sold 2,610 shares of Meta Platforms stock in a transaction that occurred on Saturday, November 15th. The stock was sold at an average price of $609.46, for a total value of $1,590,690.60. Following the completion of the sale, the chief operating officer directly owned 9,784 shares in the company, valued at approximately $5,962,956.64. The trade was a 21.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 41,959 shares of company stock valued at $26,759,811. 13.61% of the stock is owned by corporate insiders.

Meta Platforms Trading Down 0.4%

Shares of META opened at $633.61 on Thursday. The firm has a market cap of $1.60 trillion, a P/E ratio of 27.99, a price-to-earnings-growth ratio of 1.33 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98. 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 simple moving average of $688.93 and a two-hundred day simple moving average of $706.33.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. The firm had revenue of $51.24 billion during the quarter, compared to analyst estimates of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. Meta Platforms’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. On average, equities analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed 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. The ex-dividend date 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 (DPR) is presently 9.28%.

Analyst Upgrades and Downgrades

META has been the topic of several analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of Meta Platforms in a research report on Tuesday, October 14th. DA Davidson set a $825.00 price objective on Meta Platforms in a research note on Thursday, October 30th. Royal Bank Of Canada cut their price objective on Meta Platforms from $840.00 to $810.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Truist Financial decreased their target price on shares of Meta Platforms from $900.00 to $875.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Finally, Loop Capital reaffirmed a “buy” rating and set a $980.00 price target (up previously from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus price target of $823.93.

Meta Platforms 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.