Metaplatform (NASDAQ:META – Free Report) Benzinga reports that the price target was raised by Trust Financial from $525.00 to $550.00 in a report released Wednesday morning. They currently rate the social networking company’s stock a Buy.
Other research analysts have also recently published reports on the company. Wells Fargo & Company lowered their target price on MetaPlatform from $609.00 to $600.00 and gave the company an overweight rating in a research note on Wednesday, April 3rd. Morgan Stanley increased their target price on MetaPlatform from $375.00 to $550.00 and gave the stock an overweight rating in a research note on Friday, February 2nd. Piper Sandler increased their target price on MetaPlatform from $525.00 to $600.00 and gave the stock an overweight rating in a research note on Thursday, April 11th. Sanford C. Bernstein increased their price objective on MetaPlatform from $435.00 to $535.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. Finally, Jefferies Financial Group increased their target price on MetaPlatform from $550.00 to $585.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $509.90, according to MarketBeat data.
Check out the latest stock report on META.
Metaplatform stock falls 1.1%
NASDAQ:META opened at $494.17 on Wednesday. The company has a market capitalization of $1.26 trillion, a price-to-earnings ratio of 33.17x, a price-to-earnings ratio of 1.28x, and a beta of 1.20x. MetaPlatform’s trailing 12-month low was $207.13 and trailing 12-month high was $531.49. The stock’s 50-day moving average price is $493.65 and its 200-day moving average price is $396.70. The company has a quick ratio of 2.67, a current ratio of 2.67, and a debt-to-equity ratio of 0.12.
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 the consensus estimate of $4.82 by $0.51. The company had revenue of $40.11 billion for the quarter, compared to analyst expectations of $39.12 billion. Meta Platforms had a return on equity of 29.48% and a net profit margin of 28.98%. The business’ quarterly revenue increased 24.7% year over year. The company’s EPS for the same period last year was $3.00. Equities research analysts expect Metaplatforms to post earnings per share of $20.06 for the current fiscal year.
Metaplatform dividend announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22 were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, February 21st. This equates to his $2.00 dividend and his 0.40% dividend yield on an annualized basis. Meta Platforms’ dividend payout ratio (DPR) is currently 13.42%.
Insider trading on the meta platform
In other news, COO Javier Oliván sold 490 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $517.75, for a total transaction of $253,697.50. Following the completion of the transaction, the chief operating officer now owns 7,579 shares of the company’s stock, valued at approximately $3,924,027.25. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which is available at this link. In other Metaplatform news, COO Javier Oliván sold 490 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $517.75, for a total value of $253,697.50. Following the completion of the transaction, the chief operating officer now owns 7,579 shares of the company’s stock, valued at approximately $3,924,027.25. The sale was disclosed in a legal filing with the SEC, which is available on his website at the SEC. Also, insider Jennifer Newstead 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 approximately $20,043,756. Disclosures regarding this sale can be found here. Insiders sold 1,440,278 shares of company stock valued at $684,796,490 in the last quarter. Company insiders own 14.03% of the company’s stock.
Hedge funds get involved in Metaplatform
A number of institutional investors and hedge funds have recently purchased and sold META stock. Stone House Investment Management LLC increased its holdings in shares of Meta Platforms by 625.0% in the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after purchasing an additional 75 shares in the last quarter. MBM Wealth Consultants LLC acquired a new stake in shares of Meta Platforms during the 4th quarter valued at approximately $26,000. Stephens Investment Management Group LLC acquired a new stake in shares of Meta Platforms during the 2nd quarter valued at approximately $30,000. Beaird Harris Wealth Management LLC grew its stake in shares of Meta Platforms by 68.9% in the 3rd quarter. Beard Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after purchasing an additional 42 shares during the period. Finally, Quest Partners LLC acquired a new stake in shares of Meta Platforms during the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 79.91% 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 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.
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