Meta Platforms, Inc. (NASDAQ:META – Get Free Report) stock reached a new 52-week high on Friday. The company’s trading volume was as high as $499.30 and last as $498.27, with trading volume of 2,047,538 shares. The stock’s previous closing price was $490.13.
Analyst upgrades and downgrades
META has been the subject of several recent analyst reports. Jefferies Financial Group increased their target price on shares of Metaplatform from $425.00 to $455.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. 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 note on Friday, February 2nd. Trust Financial increased their target price on shares of Meta Platforms from $405.00 to $525.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Morgan Stanley increased their target price on shares of Meta Platforms from $375.00 to $550.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Oppenheimer increased their target price on shares of MetaPlatform from $385.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. 2 research analysts have rated the stock with a sell rating, 2 have rated it a hold, 40 have rated it a buy, and 2 have given a strong buy rating to the stock. Based on data from MarketBeat.com, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus price target of $494.53.
Get the latest report on Metaplatform
Metaplatform price performance
The company has a quick ratio of 2.67, a current ratio of 2.67, and a debt-to-equity ratio of 0.12. His 50 day simple moving average for this company is $411.80 and his 200 day simple moving average is $347.79. The company has a market capitalization of $1.28 trillion, a P/E ratio of 32.89x, a PEG ratio of 1.24x, and a beta of 1.15x.
Meta Platforms (NASDAQ:META – Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, beating 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 business had revenue of $40.11 billion in the quarter, compared to analyst estimates of $39.12 billion. In the same period last year, the company earned $3.00 per share. The business’ quarterly revenue increased 24.7% year over year. Sell-side analysts expect Meta Platforms to post earnings per share of $19.94 for the current fiscal year.
Metaplatform dividend announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd will be issued with his $0.50 dividend. This equates to an annual dividend of $2.00 and a dividend yield of 0.40%. The ex-dividend date is Wednesday, February 21st. Meta Platforms’ payout ratio is 13.42%.
Insider trading on the meta platform
In other news, CEO Mark Zuckerberg sold 28,009 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $318.09, for a total value of $8,909,382.81. The sale was disclosed in his legal filing with the SEC, which can be accessed through this link. In related news, Chief Technology Officer (CTO) Andrew Bosworth sold 8,036 shares of MetaPlatform stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total value of $3,803,278.08. Following the sale, the chief technology officer now owns 18,432 shares of the company’s stock, valued at $8,723,496.96. The transaction was disclosed in his SEC filing, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 28,009 shares of Meta Platforms stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $318.09, for a total transaction of $8,909,382.81. Disclosures regarding this sale can be found here. Over the past 90 days, insiders have sold 1,144,486 shares of company stock, valued at $475,443,739. Insiders own 13.75% of the company’s shares.
Metaplatform institutional trading
Several large investors have recently added to or reduced their stakes in META. Fairfield Bush & CO. bought a new stake in Meta Platforms in the 1st quarter valued at $66,000. Mirae Asset Global Investments Co. Ltd. increased its position in Meta Platforms by 12.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,244,201 shares of the social networking company’s stock valued at $499,020,000 after purchasing an additional 249,926 shares during the period. Ergoteles LLC increased its position in Meta Platforms by 284.0% in the 1st quarter. Ergoteles LLC now owns 3,356 shares of the social networking company’s stock valued at $746,000 after purchasing an additional 2,482 shares during the period. First Western Trust Bank purchased a new position in Meta Platforms during the 1st quarter valued at $813,000. Finally, Oxford Financial Group Ltd. boosted its position in Meta Platforms by 26.9% in the 1st quarter. Oxford Financial Group, Inc. now owns 1,888 shares of the social networking company’s stock valued at $420,000 after purchasing an additional 400 shares during the period. Institutional investors own 62.87% of the company’s stock.
Metaplatform company profile
(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 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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