Symphony Financial Ltd. Co. grew its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 14.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,717 shares of the social networking company's stock after purchasing an additional 1,321 shares during the period. Symphony Financial Ltd. Co.'s holdings in Meta Platforms were worth $6,031,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC boosted its position in shares of Meta Platforms by 17.4% during the first quarter. Ashton Thomas Securities LLC now owns 18,000 shares of the social networking company's stock valued at $10,299,000 after buying an additional 2,670 shares during the period. Keybank National Association OH raised its holdings in shares of Meta Platforms by 15.7% in the fourth quarter. Keybank National Association OH now owns 133,798 shares of the social networking company's stock worth $88,319,000 after buying an additional 18,169 shares during the period. WMS Group LLC bought a new stake in shares of Meta Platforms during the 4th quarter worth approximately $876,000. Vanguard Group Inc. lifted its stake in shares of Meta Platforms by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock worth $132,015,115,000 after acquiring an additional 7,269,279 shares during the last quarter. Finally, Czech National Bank boosted its holdings in Meta Platforms by 4.9% during the 2nd quarter. Czech National Bank now owns 625,079 shares of the social networking company's stock valued at $352,101,000 after acquiring an additional 29,411 shares during the period. Hedge funds and other institutional investors own 79.91% of the company's stock.
Meta Platforms Stock Performance
META stock opened at $610.68 on Friday. Meta Platforms, Inc. has a 1-year low of $520.26 and a 1-year high of $790.80. The business has a 50-day moving average price of $594.83 and a 200 day moving average price of $609.21. The company has a market capitalization of $1.56 trillion, a P/E ratio of 23.00, a PEG ratio of 1.02 and a beta of 1.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.23 and a quick ratio of 2.23.
Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.19 by ($1.01). The business had revenue of $60.80 billion for the quarter, compared to the consensus estimate of $60.22 billion. Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.The firm's revenue was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $7.14 earnings per share. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 28.17 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts have commented on META shares. The Goldman Sachs Group cut their price objective on Meta Platforms from $815.00 to $725.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Citigroup lowered their target price on shares of Meta Platforms from $850.00 to $800.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Barclays cut their price target on shares of Meta Platforms from $830.00 to $780.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. Cantor Fitzgerald reduced their price target on shares of Meta Platforms from $770.00 to $680.00 and set an "overweight" rating on the stock in a research note on Thursday, July 30th. Finally, Mizuho set a $750.00 price objective on shares of Meta Platforms in a report on Thursday, July 30th. 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. According to MarketBeat, Meta Platforms currently has a consensus rating of "Moderate Buy" and an average target price of $785.22.
Read Our Latest Report on META
Insider Transactions at Meta Platforms
In other news, CTO Andrew Bosworth sold 7,848 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $558.00, for a total transaction of $4,379,184.00. Following the transaction, the chief technology officer directly owned 828 shares in the company, valued at approximately $462,024. This trade represents a 90.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert Kimmitt sold 500 shares of Meta Platforms stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $561.56, for a total transaction of $280,780.00. Following the transaction, the director directly owned 2,943 shares in the company, valued at approximately $1,652,671.08. The trade was a 14.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 32,987 shares of company stock worth $19,202,995. Insiders own 13.53% of the company's stock.
Trending Headlines about Meta Platforms
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Meta unveiled Muse Spark 1.3, an upgraded AI model that AI chief Alexandr Wang says delivers the company’s biggest performance improvement yet and is comparable with offerings from Anthropic and OpenAI. The announcement strengthened expectations that Meta can compete more effectively in generative AI and monetize its large user base. Meta Rises 4% as Muse Spark 1.3 Claims Parity With Anthropic and OpenAI
- Positive Sentiment: Analysts said Meta’s settlement of major social-media litigation could remove a legal overhang and accelerate the launch of new AI products. Some investors view the settlement as manageable relative to Meta’s scale and believe teen-usage restrictions may have limited revenue impact. Meta settlement could clear the way for new AI product launches, Morgan Stanley says
- Positive Sentiment: Investment commentary highlighted Meta as one of the leading “hyperscalers” supporting the AI ecosystem, with strong revenue growth, user engagement and long-term AI monetization potential. Hyperscalers are the backbone of AI
- Neutral Sentiment: Wedbush reaffirmed its Neutral rating, signaling that the AI opportunity is balanced by valuation, execution and spending concerns. Wedbush Reaffirms Neutral Rating for Meta Platforms
- Negative Sentiment: Meta reportedly agreed to pay as much as $17 billion over 10 years and make major changes to Instagram and Facebook for teen users. The settlement may reduce legal uncertainty, but its cost and potential limits on engagement create financial and operating risks. Meta Is Making These Major Changes for Teen Users After $17 Billion Settlement
- Negative Sentiment: Commentary warned that AI infrastructure spending could approach $145 billion, compressing free cash flow even as revenue grows. Investors also remain concerned about Meta’s dependence on successful AI execution to justify a recovery toward its prior high. Meta Stock Has a New AI Catalyst
- Negative Sentiment: Meta is paying users to share how they use its latest AI model, raising privacy and reputational concerns that could complicate adoption. Separately, the company disabled cameras on some AI glasses after detecting tampering with recording lights. Meta is paying to peek at how you use their latest AI model
About Meta Platforms
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).
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