Symmetry Partners LLC Has $2.18 Million Stock Position in Meta Platforms, Inc. $META

Symmetry Partners LLC grew its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 28.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,956 shares of the social networking company's stock after acquiring an additional 648 shares during the period. Symmetry Partners LLC's holdings in Meta Platforms were worth $2,182,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of META. Csenge Advisory Group raised its position in shares of Meta Platforms by 12.0% during the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock valued at $5,498,000 after acquiring an additional 1,019 shares during the last quarter. ARQ Wealth Advisors LLC lifted its position in Meta Platforms by 4.5% during the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock worth $452,000 after buying an additional 34 shares in the last quarter. JMG Financial Group Ltd. bought a new stake in shares of Meta Platforms in the 1st quarter valued at about $284,000. Infusive Asset Management Inc. raised its holdings in Meta Platforms by 10.7% in the 1st quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company's stock valued at $13,614,000 after acquiring an additional 2,285 shares during the period. Finally, Spirepoint Private Client LLC raised its holdings in Meta Platforms by 2.7% in the 2nd quarter. Spirepoint Private Client LLC now owns 4,080 shares of the social networking company's stock valued at $3,011,000 after acquiring an additional 109 shares during the period. Institutional investors own 79.91% of the company's stock.

Insider Activity at Meta Platforms

In related news, insider Jennifer Newstead sold 519 shares of the stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $741.50, for a total transaction of $384,838.50. Following the sale, the insider directly owned 29,832 shares of the company's stock, valued at approximately $22,120,428. This represents a 1.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert M. Kimmitt sold 465 shares of the firm's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $757.47, for a total transaction of $352,223.55. Following the sale, the director directly owned 8,412 shares in the company, valued at approximately $6,371,837.64. The trade was a 5.24% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 214,182 shares of company stock valued at $164,955,168. 13.61% of the stock is owned by insiders.

Meta Platforms Stock Down 2.3%

Shares of Meta Platforms stock opened at $710.56 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The company has a 50-day moving average of $753.21 and a 200 day moving average of $674.82. The firm has a market cap of $1.79 trillion, a price-to-earnings ratio of 25.73, a PEG ratio of 1.52 and a beta of 1.20. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same period last year, the business earned $5.16 EPS. Meta Platforms's quarterly revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms's dividend payout ratio is 7.60%.

Analysts Set New Price Targets

A number of brokerages have issued reports on META. Cantor Fitzgerald restated an "overweight" rating and set a $920.00 target price on shares of Meta Platforms in a research report on Wednesday, September 17th. Citizens Jmp lifted their price objective on shares of Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Oppenheimer boosted their price target on shares of Meta Platforms from $775.00 to $870.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Citigroup reaffirmed an "outperform" rating on shares of Meta Platforms in a report on Thursday, July 31st. Finally, Royal Bank Of Canada upped their target price on shares of Meta Platforms from $740.00 to $840.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $830.02.

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.

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