Meta Platform (NASDAQ:META – Get Free Report) In a research report released Wednesday, Trust Financial analysts raised their price target from $525.00 to $550.00, Benzinga reported. The company currently rates the social networking company’s stock a “buy.” Trust Financial’s price target indicates a potential upside of 11.30% from the company’s current price.
Other analysts have also recently published reports on the company. Goldman Sachs Group increased their target price on Meta Platforms from $500.00 to $555.00 and gave the stock a “buy” rating in a research report on Monday. Roth Mkm restated a “buy” rating and set a $500.00 price objective on shares of Meta Platforms in a report on Monday, March 18th. Oppenheimer increased their target price on MetaPlatform from $525.00 to $585.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Royal Bank of Canada increased their target price on MetaPlatform from $400.00 to $565.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Wolfe Research increased their target price on MetaPlatform from $430.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. 1 equity research analyst has rated the stock with a sell rating, 2 have rated it a hold, 38 have rated it a buy, and 2 have rated the stock with a strong buy rating. According to MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average target price of $509.90.
Check out our latest analysis for Metaplatform
Metaplatform trading fell 1.1%
NASDAQ:META stock fell $5.59 on Wednesday to $494.17. 12,136,090 shares of the company’s stock were exchanged, compared to its average volume of 17,054,334 shares. Meta Platforms has a 12-month low of $207.13 and a 12-month high of $531.49. The stock has a market capitalization of $1.26 trillion, a price-to-earnings ratio of 33.25x, a price-to-earnings ratio of 1.28x, and a beta of 1.20x. His 50 day simple moving average for this company is $493.16 and his 200 day simple moving average is $396.01. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.67, and a quick ratio of 2.67.
Meta Platforms (NASDAQ:META – Get Free Report) last posted its earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, beating the consensus estimate of $4.82 by $0.51. Meta Platforms had a return on equity of 29.48% and a net profit margin of 28.98%. The business had revenue of $40.11 billion for the quarter, compared to the consensus estimate of $39.12 billion. The company’s earnings per share for the same period last year were $3.00. The business’s revenue for the quarter increased 24.7% compared to the same period last year. Analysts expect Metaplatforms to deliver his 20.06 EPS for the current fiscal year.
Insider activity on Metaplatform
In related news, CEO Mark Zuckerberg sold 19,681 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $381.77, for a total value of $7,513,615.37. The sale was disclosed in a document filed with the SEC, available at this link. In other Metaplatform news, CEO Mark Zuckerberg sold 19,681 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $381.77, for a total value of $7,513,615.37. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through this hyperlink. Also, insider Jennifer Newsted sold 585 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $522.00, for a total value of $305,370.00. Following the completion of the transaction, the insider now directly owns 38,398 shares of the company’s stock, valued at $20,043,756. Disclosures regarding this sale can be found here. Insiders sold a total of 1,440,278 shares of company stock valued at $684,796,490 over the past quarter. Insiders own 14.03% of the company’s shares.
Inflow and outflow of institutions
Many large investors have been buying and selling stocks recently. Baker Ellis Asset Management LLC acquired a new position in Meta Platforms during the 1st quarter valued at approximately $202,000. WoodTrust Financial Corp increased his position in shares of Meta Platforms by 6.2% in the 1st quarter. WoodTrust Financial Corp now owns 1,643 shares of the social networking company’s stock valued at $798,000 after purchasing an additional 96 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in Meta Platforms by 49.3% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 8,151 shares of the social networking company’s stock valued at $3,958,000 after purchasing an additional 2,692 shares in the last quarter. Virginia-based Trust Co. acquired a new stake in Meta Platforms in the 1st quarter valued at approximately $242,000. Finally, First Dallas Securities Inc. increased its stake in Meta Platforms by 1.0% during the 1st quarter. First Dallas Securities Inc. now owns 8,286 shares of the company’s stock worth $4,024,000 after purchasing an additional 80 shares in the last quarter. 79.91% of the stock is held by institutional investors and hedge funds.
About Metaplatform
(Get Free Report)
Meta Platforms, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables around the world. The company operates in two segments: Family of Apps and Reality Labs. The Family of Apps segment powers Facebook, where people can share, discuss, discover, and connect about the things they care about. Community for sharing Instagram, photos, videos, private messages, feeds, stories, reels, videos, live, shop. Messenger is a messaging application that lets people connect with friends, family, communities, and businesses across platforms and devices through text, voice, and video calls. WhatsApp is a messaging application used by people and businesses to conduct private communications and transactions.
References
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