6 days Ago By Defense World Staff
Meta Platforms (NASDAQ:META – Free Report) had its price target cut by DA Davidson from $800.00 to $650.00 in a research note published on Monday,Benzinga reports.
They currently have a buy rating on the social networking company’s stock.Several other equities research analysts have also issued reports on META. Jefferies Financial Group dropped their price objective on Meta Platforms from $725.
00 to $600.00 and set a “buy” rating for the company in a research note on Monday, April 7th. Tigress Financial reiterated a “strong-buy” rating on shares of Meta Platforms in a research report on Tuesday, February 11th.
Rosenblatt Securities restated a “buy” rating and issued a $811.00 price objective on shares of Meta Platforms in a research report on Monday, January 27th. Truist Financial lifted their target price on shares of Meta Platforms from $700.
00 to $770.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, Barclays boosted their price target on shares of Meta Platforms from $630.
00 to $705.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the stock.
Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $692.93.
Check Out Our Latest Stock Report on Meta PlatformsMeta Platforms Stock Down 2.2 %META stock opened at $531.48 on Monday.
The stock has a 50-day simple moving average of $624.88 and a two-hundred day simple moving average of $609.15.
Meta Platforms has a twelve month low of $414.50 and a twelve month high of $740.91.
The firm has a market capitalization of $1.35 trillion, a PE ratio of 22.22, a PEG ratio of 1.
42 and a beta of 1.28. The company has a quick ratio of 2.
98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16.
Meta Platforms (NASDAQ:META – Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 EPS 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 company earned $5.
33 earnings per share. On average, equities analysts predict that Meta Platforms will post 26.7 EPS for the current fiscal year.
Meta Platforms Increases DividendThe firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were issued a dividend of $0.525 per share.
This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.40%.
The ex-dividend date was Friday, March 14th. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50.
Meta Platforms’s payout ratio is 8.78%. Insider Buying and SellingIn related news, CEO Mark Zuckerberg sold 35,921 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th.
The stock was sold at an average price of $616.16, for a total transaction of $22,133,083.36.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Andrew Bosworth sold 5,060 shares of the business’s stock in a transaction on Saturday, February 15th. The stock was sold at an average price of $736.
67, for a total value of $3,727,550.20. Following the completion of the sale, the chief technology officer now directly owns 5,139 shares in the company, valued at $3,785,747.
13. This trade represents a 49.61 % decrease in their ownership of the stock.
The disclosure for this sale can be found here. Insiders sold a total of 450,214 shares of company stock worth $304,162,130 in the last three months. 13.
71% of the stock is owned by corporate insiders. Institutional Trading of Meta PlatformsA number of institutional investors and hedge funds have recently bought and sold shares of the company. Millstone Evans Group LLC purchased a new position in Meta Platforms in the 4th quarter worth approximately $40,000.
Avondale Wealth Management purchased a new position in shares of Meta Platforms in the fourth quarter worth $41,000. WealthTrak Capital Management LLC bought a new position in shares of Meta Platforms during the fourth quarter valued at $43,000. Marshall & Sterling Wealth Advisors Inc.
purchased a new stake in shares of Meta Platforms during the fourth quarter valued at $45,000. Finally, Stuart Chaussee & Associates Inc. bought a new stake in Meta Platforms in the 4th quarter worth about $47,000.
79.91% of the stock is currently owned by institutional investors. About Meta Platforms (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 PlatformsWhat is the Hang Seng index? Why NVIDIA Stock Could Soar Despite Wall Street DowngradesThe How And Why of Investing in Oil StocksTop 3 Large Cap Stocks Insiders Bought in Q1: Buy, Sell, or HoldEarnings Per Share Calculator: How to Calculate EPS3 Hot New IPOs Defying the 2025 Market Slump.
