Frank Rimerman Advisors LLC decreased its stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 4.6% in the course of the third quarter, based on the corporate in its most up-to-date 13F submitting with the Securities & Alternate Fee. The agency owned 46,249 shares of the social networking firm’s inventory after promoting 2,215 shares in the course of the quarter. Meta Platforms includes 1.9% of Frank Rimerman Advisors LLC’s holdings, making the inventory its thirteenth largest place. Frank Rimerman Advisors LLC’s holdings in Meta Platforms have been price $26,475,000 as of its most up-to-date submitting with the Securities & Alternate Fee.
Different giant traders have additionally just lately purchased and bought shares of the corporate. Delos Wealth Advisors LLC boosted its place in shares of Meta Platforms by 527.3% in the course of the 1st quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking firm’s inventory price $34,000 after buying a further 58 shares within the final quarter. POM Funding Methods LLC acquired a brand new place in shares of Meta Platforms in the course of the second quarter price $38,000. Ruedi Wealth Administration Inc. lifted its holdings in shares of Meta Platforms by 122.2% in the course of the second quarter. Ruedi Wealth Administration Inc. now owns 80 shares of the social networking firm’s inventory price $40,000 after buying a further 44 shares in the course of the interval. Richardson Monetary Providers Inc. raised its stake in Meta Platforms by 95.6% in the course of the first quarter. Richardson Monetary Providers Inc. now owns 88 shares of the social networking firm’s inventory price $41,000 after shopping for a further 43 shares over the last quarter. Lastly, Halpern Monetary Inc. purchased a brand new place in Meta Platforms in the course of the third quarter price $46,000. 79.91% of the inventory is owned by institutional traders.
Meta Platforms Inventory Up 2.6 %
Shares of Meta Platforms inventory opened at $593.28 on Wednesday. The corporate has a debt-to-equity ratio of 0.12, a present ratio of two.83 and a fast ratio of two.83. The corporate has a 50-day transferring common of $553.36 and a 200 day transferring common of $511.61. The agency has a market cap of $1.50 trillion, a price-to-earnings ratio of 34.08, a PEG ratio of 1.42 and a beta of 1.22. Meta Platforms, Inc. has a 1 yr low of $296.86 and a 1 yr excessive of $602.95.
Meta Platforms (NASDAQ:META – Get Free Report) final issued its quarterly earnings outcomes on Wednesday, July thirty first. The social networking firm reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.46. The corporate had income of $39.07 billion in the course of the quarter, in comparison with analyst estimates of $38.26 billion. Meta Platforms had a web margin of 34.34% and a return on fairness of 34.16%. Meta Platforms’s quarterly income was up 22.1% in comparison with the identical quarter final yr. Throughout the identical interval final yr, the enterprise earned $3.23 EPS. As a bunch, sell-side analysts anticipate that Meta Platforms, Inc. will put up 21.44 earnings per share for the present fiscal yr.
Meta Platforms Proclaims Dividend
The corporate additionally just lately disclosed a quarterly dividend, which was paid on Thursday, September twenty sixth. Shareholders of report on Monday, September sixteenth have been paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, September sixteenth. This represents a $2.00 dividend on an annualized foundation and a yield of 0.34%. Meta Platforms’s dividend payout ratio is presently 11.49%.
Insider Shopping for and Promoting at Meta Platforms
In different information, CFO Susan J. Li bought 33,018 shares of the agency’s inventory in a transaction dated Tuesday, August twenty seventh. The shares have been bought at a median worth of $517.94, for a complete transaction of $17,101,342.92. The sale was disclosed in a submitting with the SEC, which is accessible by means of this hyperlink. In associated information, CFO Susan J. Li bought 33,018 shares of the agency’s inventory in a transaction that occurred on Tuesday, August twenty seventh. The shares have been bought at a median worth of $517.94, for a complete worth of $17,101,342.92. The transaction was disclosed in a submitting with the SEC, which is offered at this hyperlink. Additionally, insider Jennifer Newstead bought 901 shares of the agency’s inventory in a transaction that occurred on Monday, August fifth. The inventory was bought at a median worth of $451.15, for a complete transaction of $406,486.15. Following the completion of the transaction, the insider now immediately owns 33,324 shares within the firm, valued at roughly $15,034,122.60. The commerce was a 0.00 % lower of their place. The disclosure for this sale will be discovered right here. Within the final ninety days, insiders bought 251,230 shares of firm inventory price $132,784,843. 13.71% of the inventory is owned by company insiders.
Analysts Set New Value Targets
A number of equities analysis analysts have weighed in on the inventory. Stifel Nicolaus lifted their worth goal on shares of Meta Platforms from $590.00 to $663.00 and gave the corporate a “purchase” ranking in a analysis notice on Monday, October 14th. Pivotal Analysis initiated protection on shares of Meta Platforms in a analysis notice on Tuesday, October 1st. They issued a “purchase” ranking and a $780.00 goal worth on the inventory. Evercore ISI boosted their worth goal on shares of Meta Platforms from $550.00 to $600.00 and gave the corporate an “outperform” ranking in a analysis report on Thursday, August 1st. Oppenheimer upped their goal worth on shares of Meta Platforms from $525.00 to $615.00 and gave the inventory an “outperform” ranking in a report on Thursday, August 1st. Lastly, Wells Fargo & Firm elevated their worth goal on shares of Meta Platforms from $647.00 to $652.00 and gave the inventory an “obese” ranking in a report on Wednesday, October 2nd. Two analysis analysts have rated the inventory with a promote ranking, 4 have assigned a maintain ranking, thirty-five have given a purchase ranking and two have given a powerful purchase ranking to the inventory. In line with knowledge from MarketBeat.com, the inventory presently has a consensus ranking of “Reasonable Purchase” and a consensus goal worth of $621.63.
Get Our Newest Inventory Report on META
Meta Platforms Firm Profile
Meta Platforms, Inc engages within the growth of merchandise that allow folks to attach and share with family and friends by means of cell gadgets, private computer systems, digital actuality headsets, and wearables worldwide. It operates in two segments, Household of Apps and Actuality Labs. The Household of Apps section affords Fb, which allows folks to share, focus on, uncover, and join with pursuits; Instagram, a neighborhood for sharing images, movies, and personal messages, in addition to feed, tales, reels, video, dwell, and outlets; Messenger, a messaging utility for folks to attach with mates, household, communities, and companies throughout platforms and gadgets by means of textual content, audio, and video calls; and WhatsApp, a messaging utility that’s utilized by folks and companies to speak and transact privately.
Featured Tales
Need to see what different hedge funds are holding META? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META – Free Report).
Obtain Information & Rankings for Meta Platforms Day by day – Enter your electronic mail handle under to obtain a concise day by day abstract of the newest information and analysts’ rankings for Meta Platforms and associated corporations with MarketBeat.com’s FREE day by day electronic mail e-newsletter.
