6 days Ago By ABMN Staff
Meta Platforms ( NASDAQ:META – Free Report ) had its price target lowered by The Goldman Sachs Group from $765.00 to $685.00 in a research report sent to investors on Monday, Benzinga reports.
The Goldman Sachs Group currently has a buy rating on the social networking company’s stock. A number of other equities analysts have also recently issued reports on META. DA Davidson cut their target price on shares of Meta Platforms from $800.
00 to $650.00 and set a “buy” rating for the company in a research report on Monday. Needham & Company LLC reiterated an “underperform” rating on shares of Meta Platforms in a report on Monday, January 27th.
Piper Sandler cut their price target on Meta Platforms from $775.00 to $610.00 and set an “overweight” rating for the company in a report on Thursday, April 10th.
Mizuho increased their price objective on Meta Platforms from $675.00 to $750.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th.
Finally, Royal Bank of Canada upped their target price on shares of Meta Platforms from $700.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, January 30th.
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 given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $692.93.
View Our Latest Stock Analysis on META Meta Platforms Stock Performance Meta Platforms ( NASDAQ:META – Get Free Report ) last posted its 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 return on equity of 38.
17% and a net margin of 37.91%. During the same period last year, the business earned $5.
33 EPS. As a group, equities analysts anticipate that Meta Platforms will post 26.7 EPS for the current fiscal year.
Meta Platforms Increases Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were issued a $0.525 dividend.
This represents a $2.10 dividend on an annualized basis and a yield of 0.40%.
The ex-dividend date of this dividend was Friday, March 14th. 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 Activity In other Meta Platforms news, CFO Susan J.
Li sold 8,553 shares of the firm’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 transaction of $6,300,738.
51. Following the completion of the sale, the chief financial officer now owns 51,793 shares in the company, valued at $38,154,349.31.
This trade represents a 14.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website .
Also, CEO Mark Zuckerberg sold 55,589 shares of Meta Platforms stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $717.72, for a total value of $39,897,337.
08. The disclosure for this sale can be found here . Insiders have sold 450,214 shares of company stock worth $304,162,130 over the last 90 days.
Company insiders own 13.71% of the company’s stock. Institutional Trading of Meta Platforms A number of hedge funds and other institutional investors have recently made changes to their positions in META.
Ballentine Partners LLC raised its stake in shares of Meta Platforms by 1.4% in the 4th quarter. Ballentine Partners LLC now owns 58,218 shares of the social networking company’s stock valued at $34,087,000 after purchasing an additional 808 shares in the last quarter.
UMB Bank n.a. lifted its holdings in Meta Platforms by 0.
6% during the 4th quarter. UMB Bank n.a.
now owns 140,585 shares of the social networking company’s stock worth $82,314,000 after buying an additional 897 shares during the last quarter. Brueske Advisory Services LLC acquired a new position in shares of Meta Platforms in the 4th quarter worth approximately $459,000. Apollon Financial LLC grew its position in shares of Meta Platforms by 11.
1% in the 4th quarter. Apollon Financial LLC now owns 1,479 shares of the social networking company’s stock worth $866,000 after acquiring an additional 148 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Meta Platforms by 1.
7% during the 4th quarter. Fisher Asset Management LLC now owns 6,675,174 shares of the social networking company’s stock valued at $3,908,382,000 after acquiring an additional 110,040 shares in the last quarter. Institutional investors own 79.
91% of the company’s stock. 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 Reading Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter .
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