Synergy Asset Management LLC Acquires 3,674 Shares of Meta Platforms, Inc. $META

Synergy Asset Management LLC boosted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 11.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,129 shares of the social networking company's stock after buying an additional 3,674 shares during the quarter. Meta Platforms makes up 3.1% of Synergy Asset Management LLC's holdings, making the stock its 9th biggest holding. Synergy Asset Management LLC's holdings in Meta Platforms were worth $27,405,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Verus Financial Partners Inc. boosted its stake in Meta Platforms by 15.7% in the second quarter. Verus Financial Partners Inc. now owns 766 shares of the social networking company's stock valued at $561,000 after buying an additional 104 shares in the last quarter. Mattern Capital Management LLC boosted its stake in Meta Platforms by 14.1% in the second quarter. Mattern Capital Management LLC now owns 1,751 shares of the social networking company's stock valued at $1,292,000 after buying an additional 216 shares in the last quarter. Ashton Thomas Securities LLC boosted its stake in Meta Platforms by 12.4% in the second quarter. Ashton Thomas Securities LLC now owns 12,277 shares of the social networking company's stock valued at $9,062,000 after buying an additional 1,355 shares in the last quarter. Capital & Planning LLC acquired a new stake in shares of Meta Platforms during the second quarter valued at about $322,000. Finally, River Street Advisors LLC acquired a new stake in shares of Meta Platforms during the second quarter valued at about $324,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

META has been the topic of a number of recent research reports. HSBC raised Meta Platforms from a "hold" rating to a "buy" rating and lifted their price target for the company from $610.00 to $900.00 in a research note on Thursday, July 31st. Cantor Fitzgerald reissued an "overweight" rating and set a $920.00 price target on shares of Meta Platforms in a research note on Wednesday, September 17th. Mizuho set a $925.00 price target on Meta Platforms and gave the company an "outperform" rating in a research note on Monday, September 29th. Morgan Stanley lifted their price target on Meta Platforms from $750.00 to $850.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada lifted their price target on Meta Platforms from $740.00 to $840.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $830.68.

Meta Platforms Price Performance

Meta Platforms stock opened at $733.51 on Friday. The stock's 50 day moving average is $753.09 and its 200 day moving average is $678.22. 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 firm has a market cap of $1.84 trillion, a P/E ratio of 26.56, a P/E/G ratio of 1.50 and a beta of 1.20. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25.

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

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms's payout ratio is presently 7.60%.

Insiders Place Their Bets

In other Meta Platforms news, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $757.47, for a total value of $352,223.55. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $704.81, for a total value of $364,386.77. Following the completion of the sale, the chief operating officer owned 9,509 shares of the company's stock, valued at approximately $6,702,038.29. The trade was a 5.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 214,182 shares of company stock worth $164,946,219. 13.61% of the stock is owned by corporate insiders.

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.

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