Marketbeat Ratings reports that Meta Platforms, Inc. (NASDAQ:META – Get Free Report) receives an average rating of “Moderate Buy” from the 43 rating agencies currently covering the company. doing. 1 investment analyst has rated the stock as a “sell,” 2 have rated it a “hold,” 38 have rated it a “buy,” and 2 have rated it a “strong buy.” The average 12-month price target of securities companies that issued reports on the company’s stock last year was $519.53.
A number of brokerage firms have recently published reports on META. Guggenheim increased their target price on shares of MetaPlatform from $380.00 to $520.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. TD Cowen increased their target price on shares of MetaPlatform from $415.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. increased their target price on shares of Meta Platforms from $420.00 to $535.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Jefferies Financial Group increased their target price on Meta Platforms from $550.00 to $585.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Finally, UBS Group increased their target price on MetaPlatform from $530.00 to $610.00 and gave the stock a “buy” rating in a report on Tuesday.
Read the latest stock analysis for META
Metaplatform transactions decreased by 4.1%
META stock opened at $481.07 on Friday. MetaPlatform has a low of $207.13 and a 52-week high of $531.49. The company has a quick ratio of 2.67, a current ratio of 2.67, and a debt-to-equity ratio of 0.12. The company has a market capitalization of $1.23 trillion, a P/E ratio of 32.29x, a PEG ratio of 1.26x, and a beta of 1.20x. The company’s 50 day simple moving average is $494.55 and its 200 day simple moving average is $398.64.
Meta Platforms (NASDAQ:META – Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.82 by $0.51. Meta Platforms had a net profit margin of 28.98% and a return on equity of 29.48%. The company had revenue of $40.11 billion for the quarter, compared to analyst expectations of $39.12 billion. In the same period last year, the company reported earnings of $3.00 per share. Meta Platforms’ quarterly revenue increased 24.7% from the year-ago period. Equities analysts predict that, as a group, Meta Platforms will deliver 20.18 EPS for the current fiscal year.
Metaplatform announces dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22 were awarded a $0.50 dividend. The ex-dividend date for this dividend was Wednesday, February 21st. This equates to an annual dividend of $2.00 and a dividend yield of 0.42%. Meta Platforms’ dividend payout ratio (DPR) is currently 13.42%.
Insider activity on Metaplatform
In related news, insider Jennifer Newsted sold 585 shares of Meta Platforms stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $498.59, for a total transaction of $291,675.15. Following the completion of the sale, the insider now owns 37,813 shares of the company’s stock, valued at $18,853,183.67. The transaction was disclosed in a legal filing with the SEC, which is available on his website at the SEC. In related news, CEO Mark Zuckerberg sold 19,681 shares of the company’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $392.36, for a total value of $7,722,037.16. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed on the SEC’s website. Also, insider Jennifer Newsted sold 585 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $498.59, for a total transaction of $291,675.15. Following the completion of the sale, the insider now owns 37,813 shares of the company’s stock, valued at $18,853,183.67. Disclosures regarding this sale can be found here. Over the past 90 days, insiders have sold 1,421,182 shares of company stock worth $677,574,550. Insiders own 13.75% of the company’s stock.
Metaplatform institutional trading
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System increased its holdings in shares of Meta Platforms by 0.6% in the 1st quarter. Maryland Retirement System now owns 172,981 shares of the social networking company’s stock valued at $84,347,000 after purchasing an additional 1,072 shares in the last quarter. Cohen Investment Advisors LLC grew its holdings in shares of MetaPlatform by 1.4% in the 1st quarter. Cohen Investment Advisors LLC now owns 10,158 shares of the social networking company’s stock worth $4,932,000 after purchasing an additional 142 shares in the last quarter. Kesler Norman & Wride LLC grew its stake in Meta Platforms by 238.5% in the 1st quarter. Kesler Norman & Wride LLC now owns 5,050 shares of the social networking company’s stock valued at $2,452,000 after purchasing an additional 3,558 shares in the last quarter. Mezzasalma Advisors LLC increased its position in Meta Platforms by 0.4% in the 1st quarter. Mezzasalma Advisors LLC now owns 38,569 shares of the social networking company’s stock valued at $18,728,000 after purchasing an additional 154 shares in the last quarter. Finally, Horizon Bancorp Inc. IN increased its position in Meta Platforms by 2.0% in the 1st quarter. Horizon Bancorp Inc. IN now owns 1,057 shares of the social networking company’s stock valued at $513,000 after acquiring an additional 21 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.
Metaplatform company profile
(Get your 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 what interests them. 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.
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