Edge Monetary Advisors LLC bought a brand new place in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) throughout the third quarter, HoldingsChannel stories. The agency bought 434 shares of the social networking firm’s inventory, valued at roughly $248,000.
Different massive traders additionally not too long ago purchased and bought shares of the corporate. Central Valley Advisors LLC boosted its place in shares of Meta Platforms by 0.3% throughout the third quarter. Central Valley Advisors LLC now owns 5,714 shares of the social networking firm’s inventory value $3,271,000 after shopping for an extra 18 shares throughout the interval. Cherrydale Wealth Administration LLC boosted its place in shares of Meta Platforms by 0.5% throughout the third quarter. Cherrydale Wealth Administration LLC now owns 3,841 shares of the social networking firm’s inventory value $2,199,000 after shopping for an extra 18 shares throughout the interval. Alliance Wealth Advisors LLC raised its holdings in Meta Platforms by 0.7% throughout the third quarter. Alliance Wealth Advisors LLC now owns 2,787 shares of the social networking firm’s inventory value $1,595,000 after buying an extra 18 shares within the final quarter. Kozak & Associates Inc. raised its holdings in Meta Platforms by 1.0% throughout the third quarter. Kozak & Associates Inc. now owns 1,906 shares of the social networking firm’s inventory value $1,099,000 after buying an extra 18 shares within the final quarter. Lastly, Capital Advisors Ltd. LLC raised its holdings in Meta Platforms by 0.5% throughout the third quarter. Capital Advisors Ltd. LLC now owns 3,560 shares of the social networking firm’s inventory value $2,038,000 after buying an extra 18 shares within the final quarter. Hedge funds and different institutional traders personal 79.91% of the corporate’s inventory.
Analyst Upgrades and Downgrades
A number of equities analysis analysts not too long ago commented on the corporate. Monness Crespi & Hardt boosted their goal worth on Meta Platforms from $620.00 to $660.00 and gave the inventory a “purchase” ranking in a report on Thursday. Tigress Monetary boosted their goal worth on Meta Platforms from $575.00 to $645.00 and gave the inventory a “strong-buy” ranking in a report on Friday, August sixteenth. Oppenheimer boosted their goal worth on Meta Platforms from $525.00 to $615.00 and gave the inventory an “outperform” ranking in a report on Thursday, August 1st. Wedbush reissued an “outperform” ranking and set a $600.00 goal worth on shares of Meta Platforms in a report on Thursday, September twenty sixth. Lastly, Financial institution of America upped their worth goal on Meta Platforms from $630.00 to $660.00 and gave the corporate a “purchase” ranking in a report on Thursday. Two analysts have rated the inventory with a promote ranking, 4 have issued a maintain ranking, thirty-five have issued a purchase ranking and two have issued a powerful purchase ranking to the corporate. Based mostly on information from MarketBeat.com, Meta Platforms has a mean ranking of “Reasonable Purchase” and a consensus goal worth of $634.10.
Examine Out Our Newest Report on META
Meta Platforms Buying and selling Down 0.1 %
Meta Platforms inventory opened at $567.16 on Friday. The corporate’s fifty day easy transferring common is $555.99 and its 200-day easy transferring common is $513.12. The corporate has a fast ratio of two.83, a present ratio of two.83 and a debt-to-equity ratio of 0.12. Meta Platforms, Inc. has a 12 month low of $308.33 and a 12 month excessive of $602.95. The inventory has a market cap of $1.43 trillion, a P/E ratio of 26.72, a P/E/G ratio of 1.44 and a beta of 1.22.
Meta Platforms (NASDAQ:META – Get Free Report) final issued its quarterly earnings information on Wednesday, October thirtieth. The social networking firm reported $6.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.19 by $0.84. The agency had income of $40.59 billion throughout the quarter, in comparison with analysts’ expectations of $40.21 billion. Meta Platforms had a web margin of 35.55% and a return on fairness of 36.26%. As a gaggle, sell-side analysts forecast that Meta Platforms, Inc. will put up 21.47 EPS for the present fiscal 12 months.
Meta Platforms Broadcasts Dividend
The agency additionally not too long ago disclosed a quarterly dividend, which was paid on Thursday, September twenty sixth. Buyers of report on Monday, September sixteenth had been issued a $0.50 dividend. This represents a $2.00 dividend on an annualized foundation and a yield of 0.35%. The ex-dividend date of this dividend was Monday, September sixteenth. Meta Platforms’s dividend payout ratio is presently 9.42%.
Insider Shopping for and Promoting
In associated information, CEO Mark Zuckerberg bought 84 shares of the corporate’s inventory in a transaction on Monday, October 14th. The shares had been bought at a mean worth of $600.00, for a complete worth of $50,400.00. Following the completion of the sale, the chief government officer now straight owns 518,424 shares within the firm, valued at roughly $311,054,400. This represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a doc filed with the SEC, which is accessible via this hyperlink. In different Meta Platforms information, insider Jennifer Newstead bought 905 shares of the enterprise’s inventory in a transaction on Tuesday, October twenty ninth. The shares had been bought at a mean worth of $580.10, for a complete transaction of $524,990.50. Following the completion of the transaction, the insider now owns 31,482 shares of the corporate’s inventory, valued at $18,262,708.20. The commerce was a 0.00 % lower of their place. The transaction was disclosed in a authorized submitting with the Securities & Trade Fee, which is out there at the SEC web site. Additionally, CEO Mark Zuckerberg bought 84 shares of the enterprise’s inventory in a transaction on Monday, October 14th. The inventory was bought at a mean worth of $600.00, for a complete transaction of $50,400.00. Following the transaction, the chief government officer now straight owns 518,424 shares of the corporate’s inventory, valued at roughly $311,054,400. This represents a 0.00 % lower of their place. The disclosure for this sale might be discovered right here. During the last three months, insiders bought 251,993 shares of firm inventory value $133,271,982. Company insiders personal 13.71% of the corporate’s inventory.
Meta Platforms Profile
Meta Platforms, Inc engages within the growth of merchandise that allow individuals to attach and share with family and friends via 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 phase provides Fb, which permits individuals to share, talk about, uncover, and join with pursuits; Instagram, a group for sharing pictures, movies, and personal messages, in addition to feed, tales, reels, video, reside, and retailers; Messenger, a messaging software for individuals to attach with buddies, household, communities, and companies throughout platforms and gadgets via textual content, audio, and video calls; and WhatsApp, a messaging software that’s utilized by individuals and companies to speak and transact privately.
See Additionally
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).
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