6 days Ago By Defense World Staff
Meta Platforms (NASDAQ:META – Free Report) had its target price decreased by The Goldman Sachs Group from $765.00 to $685.00 in a research note released on Monday morning,Benzinga reports.
The Goldman Sachs Group currently has a buy rating on the social networking company’s stock.Several other research firms have also recently issued reports on META. Citigroup cut their target price on Meta Platforms from $780.
00 to $655.00 and set a “buy” rating for the company in a research note on Monday. Argus set a $775.
00 price target on shares of Meta Platforms in a research report on Tuesday, February 4th. Mizuho increased their price objective on shares of Meta Platforms from $675.00 to $750.
00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Raymond James reissued a “strong-buy” rating and issued a $800.00 target price (up previously from $725.
00) on shares of Meta Platforms in a research report on Thursday, January 30th. Finally, DA Davidson dropped their price objective on Meta Platforms from $800.00 to $650.
00 and set a “buy” rating for the company in a research note on Monday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and an average target price of $692.
93.Check Out Our Latest Stock Report on METAMeta Platforms Price PerformanceMETA stock opened at $531.48 on Monday.
Meta Platforms has a 1 year low of $414.50 and a 1 year high of $740.91.
The firm has a market capitalization of $1.35 trillion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 1.
42 and a beta of 1.28. The company has a debt-to-equity ratio of 0.
16, a current ratio of 2.98 and a quick ratio of 2.98.
The business has a 50 day simple moving average of $624.88 and a 200-day simple moving average of $609.15.
Meta Platforms (NASDAQ:META – Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating the consensus estimate of $6.
75 by $1.27. Meta Platforms had a net margin of 37.
91% and a return on equity of 38.17%. During the same quarter in the previous year, the business posted $5.
33 EPS. Equities research analysts anticipate that Meta Platforms will post 26.7 earnings per share for the current fiscal year.
Meta Platforms Increases DividendThe firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were paid a dividend of $0.525 per share.
The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a yield of 0.
40%. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50.
Meta Platforms’s dividend payout ratio is currently 8.78%. Insider Buying and Selling at Meta PlatformsIn other Meta Platforms news, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction that occurred on Tuesday, January 21st.
The stock was sold at an average price of $618.00, for a total value of $559,290.00.
Following the transaction, the insider now directly owns 30,200 shares in the company, valued at approximately $18,663,600. This trade represents a 2.91 % decrease in their position.
The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Javier Olivan sold 4,706 shares of the company’s stock in a transaction that occurred on Saturday, February 15th. The stock was sold at an average price of $736.
67, for a total value of $3,466,769.02. Following the sale, the chief operating officer now owns 20,935 shares of the company’s stock, valued at $15,422,186.
45. This trade represents a 18.35 % decrease in their position.
The disclosure for this sale can be found here. Over the last three months, insiders have sold 450,214 shares of company stock worth $304,162,130. 13.
71% of the stock is owned by company insiders. Institutional Inflows and OutflowsInstitutional investors and hedge funds have recently made changes to their positions in the company. Harbor Capital Advisors Inc.
boosted its holdings in Meta Platforms by 13.1% in the 1st quarter. Harbor Capital Advisors Inc.
now owns 26,692 shares of the social networking company’s stock valued at $15,384,000 after purchasing an additional 3,088 shares in the last quarter. Parisi Gray Wealth Management boosted its stake in shares of Meta Platforms by 10.1% in the first quarter.
Parisi Gray Wealth Management now owns 9,950 shares of the social networking company’s stock valued at $5,735,000 after buying an additional 913 shares in the last quarter. Bruce G. Allen Investments LLC grew its holdings in Meta Platforms by 41.
7% during the first quarter. Bruce G. Allen Investments LLC now owns 163 shares of the social networking company’s stock worth $94,000 after acquiring an additional 48 shares during the period.
Investment Advisory Group LLC raised its position in Meta Platforms by 6.6% in the first quarter. Investment Advisory Group LLC now owns 2,998 shares of the social networking company’s stock worth $1,728,000 after acquiring an additional 185 shares in the last quarter.
Finally, Everest Management Corp. lifted its holdings in Meta Platforms by 29.1% in the first quarter.
Everest Management Corp. now owns 1,179 shares of the social networking company’s stock valued at $680,000 after acquiring an additional 266 shares during the period. 79.
91% of the stock is currently owned by institutional investors and hedge funds. Meta Platforms Company Profile (Get Free Report)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.Further ReadingFive stocks we like better than Meta Platforms3 Dividend Kings To ConsiderWhy NVIDIA Stock Could Soar Despite Wall Street DowngradesRussell 2000 Index, How Investors Use it For Profitable TradingTop 3 Large Cap Stocks Insiders Bought in Q1: Buy, Sell, or HoldStock Splits, Do They Really Impact Investors?3 Hot New IPOs Defying the 2025 Market Slump.
