Meta Platforms, Inc. $META Shares Sold by SYM FINANCIAL Corp

Key Points

• SYM FINANCIAL Corp reduced its Meta stake by 27.6% in the second quarter, selling 1,481 shares and retaining 3,888 shares valued at approximately $2.19 million. Institutional investors and hedge funds collectively own 79.91% of Meta’s stock.
• Meta has received generally positive analyst sentiment, with a consensus rating of “Moderate Buy” and an average price target of $785.22. Analysts cite the company’s AI initiatives, including the Muse Spark 1.3 model, as a potential growth catalyst.
• Several Meta insiders sold shares under pre-arranged Rule 10b5-1 plans, with insiders selling 32,987 shares worth $19.2 million over the past three months. The stock recently opened at $616.77, while the company reported 28% year-over-year quarterly revenue growth despite missing earnings estimates.

SYM FINANCIAL Corp cut its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 27.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,888 shares of the social networking company's stock after selling 1,481 shares during the period. SYM FINANCIAL Corp's holdings in Meta Platforms were worth $2,190,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of META. Fox Run Management L.L.C. increased its stake in Meta Platforms by 6.9% in the 2nd quarter. Fox Run Management L.L.C. now owns 2,179 shares of the social networking company's stock worth $1,227,000 after purchasing an additional 141 shares in the last quarter. Titan Global Capital Management USA LLC raised its holdings in Meta Platforms by 0.5% during the 2nd quarter. Titan Global Capital Management USA LLC now owns 41,818 shares of the social networking company's stock worth $23,556,000 after buying an additional 192 shares during the period. Mindset Wealth Management LLC lifted its stake in Meta Platforms by 135.3% during the second quarter. Mindset Wealth Management LLC now owns 12,714 shares of the social networking company's stock valued at $7,162,000 after buying an additional 7,311 shares in the last quarter. Nicholas Hoffman & Company LLC. lifted its stake in Meta Platforms by 1.4% during the second quarter. Nicholas Hoffman & Company LLC. now owns 7,253 shares of the social networking company's stock valued at $4,086,000 after buying an additional 99 shares in the last quarter. Finally, Heritage Investors Management Corp boosted its holdings in shares of Meta Platforms by 11.7% in the second quarter. Heritage Investors Management Corp now owns 48,434 shares of the social networking company's stock worth $27,282,000 after buying an additional 5,082 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

Trending Headlines about Meta Platforms

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Meta opened paid developer access to Muse Spark 1.3, with company executives and analysts claiming the model is approaching or matching offerings from Anthropic and OpenAI. Improved performance and token efficiency could support adoption in coding agents, model APIs, subscriptions and future generative-search advertising. Meta Platforms: Muse Spark 1.3 Was The Warning Shot
• Positive Sentiment: Recent coverage identifies Muse Spark 1.3 as a new catalyst that could improve confidence in Meta’s AI roadmap and help the company recover toward its prior highs, provided the technology translates into revenue and returns on investment. Meta Rises 4% as Muse Spark 1.3 Claims Parity with Anthropic and OpenAI
• Positive Sentiment: Some investment commentary views Meta as a major beneficiary of the ongoing AI infrastructure and computing cycle, alongside other hyperscalers, potentially creating a long-term growth opportunity. Hyperscalers Are the Backbone of AI

Insider Transactions at Meta Platforms

In other news, insider Curtis J. Mahoney sold 1,559 shares of Meta Platforms stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $558.00, for a total transaction of $869,922.00. Following the completion of the sale, the insider directly owned 1,957 shares in the company, valued at $1,092,006. The trade was a 44.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 3,348 shares of the business's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $600.97, for a total value of $2,012,047.56. Following the completion of the sale, the chief operating officer directly owned 9,498 shares of the company's stock, valued at approximately $5,708,013.06. The trade was a 26.06% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 32,987 shares of company stock worth $19,202,995. 13.53% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Piper Sandler reissued an "overweight" rating and issued a $785.00 target price (down from $800.00) on shares of Meta Platforms in a research report on Thursday, July 30th. Mizuho set a $750.00 price objective on shares of Meta Platforms in a research report on Thursday, July 30th. Guggenheim reissued a "buy" rating and set a $800.00 target price on shares of Meta Platforms in a research note on Tuesday, July 28th. Raymond James Financial raised their target price on Meta Platforms from $825.00 to $850.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 21st. Finally, Erste Group Bank raised Meta Platforms from a "hold" rating to a "buy" rating in a research note on Tuesday, July 7th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $785.22.

Meta Platforms Trading Up 1.0%

Meta Platforms stock opened at $616.77 on Friday. The company's fifty day simple moving average is $596.16 and its 200-day simple moving average is $609.26. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.32. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $790.80. The stock has a market cap of $1.57 trillion, a P/E ratio of 23.23, a P/E/G ratio of 1.06 and a beta of 1.25.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share for the quarter, missing analysts' consensus estimates of $7.19 by ($1.01). Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.The company had revenue of $60.80 billion during the quarter, compared to analyst estimates of $60.22 billion. During the same period last year, the company posted $7.14 earnings per share. The company's revenue was up 28.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 28.17 EPS for the current fiscal year.

About Meta Platforms

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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