Austin Wealth Administration LLC elevated its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 1.4% within the third quarter, HoldingsChannel.com experiences. The institutional investor owned 1,526 shares of the social networking firm’s inventory after buying an extra 21 shares throughout the quarter. Austin Wealth Administration LLC’s holdings in Meta Platforms had been price $889,000 as of its most up-to-date SEC submitting.
A variety of different hedge funds have additionally not too long ago made modifications to their positions within the inventory. Central Valley Advisors LLC raised 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 price $3,271,000 after buying an extra 18 shares within the final quarter. Cherrydale Wealth Administration LLC lifted 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 price $2,199,000 after shopping for an extra 18 shares over the past quarter. Alliance Wealth Advisors LLC boosted its holdings in shares of Meta Platforms by 0.7% within the third quarter. Alliance Wealth Advisors LLC now owns 2,787 shares of the social networking firm’s inventory valued at $1,595,000 after shopping for an extra 18 shares within the final quarter. Kozak & Associates Inc. grew its place in shares of Meta Platforms by 1.0% within the third quarter. Kozak & Associates Inc. now owns 1,906 shares of the social networking firm’s inventory valued at $1,099,000 after shopping for an extra 18 shares over the past quarter. Lastly, Capital Advisors Ltd. LLC raised its stake 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 price $2,038,000 after buying an extra 18 shares within the final quarter. 79.91% of the inventory is at present owned by hedge funds and different institutional traders.
Meta Platforms Inventory Efficiency
NASDAQ META opened at $567.16 on Monday. The enterprise’s 50-day transferring common worth is $555.99 and its 200 day transferring common worth is $513.25. The corporate has a present ratio of two.73, a fast ratio of two.83 and a debt-to-equity ratio of 0.18. Meta Platforms, Inc. has a twelve month low of $308.33 and a twelve month excessive of $602.95. The corporate has a market capitalization of $1.43 trillion, a PE ratio of 26.72, a price-to-earnings-growth ratio of 1.36 and a beta of 1.22.
Meta Platforms (NASDAQ:META – Get Free Report) final introduced its quarterly earnings knowledge on Wednesday, October thirtieth. The social networking firm reported $6.03 earnings per share for the quarter, topping the consensus estimate of $5.19 by $0.84. Meta Platforms had a internet margin of 35.55% and a return on fairness of 35.60%. The enterprise had income of $40.59 billion for the quarter, in comparison with analyst estimates of $40.21 billion. On common, analysis analysts predict that Meta Platforms, Inc. will put up 21.84 earnings per share for the present yr.
Meta Platforms Broadcasts Dividend
The enterprise additionally not too long ago disclosed a quarterly dividend, which was paid on Thursday, September twenty sixth. Stockholders of file on Monday, September sixteenth had 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 annualized dividend and a dividend yield of 0.35%. Meta Platforms’s dividend payout ratio is presently 9.42%.
Insider Transactions at Meta Platforms
In associated information, CFO Susan J. Li bought 33,018 shares of Meta Platforms inventory in a transaction on Tuesday, August twenty seventh. The inventory was bought at a mean worth of $517.94, for a complete worth of $17,101,342.92. The sale was disclosed in a authorized submitting with the SEC, which is accessible by this hyperlink. In different information, CEO Mark Zuckerberg bought 420 shares of the inventory in a transaction on Wednesday, October thirtieth. The shares had been bought at a mean worth of $600.17, for a complete worth of $252,071.40. Following the completion of the sale, the chief government officer now owns 518,004 shares of the corporate’s inventory, valued at $310,890,460.68. This represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a authorized submitting with the Securities & Trade Fee, which is obtainable at this hyperlink. Additionally, CFO Susan J. Li bought 33,018 shares of Meta Platforms inventory in a transaction on Tuesday, August twenty seventh. The shares had been bought at a mean worth of $517.94, for a complete transaction of $17,101,342.92. The disclosure for this sale may be discovered right here. Insiders bought a complete of 251,092 shares of firm inventory price $132,865,496 within the final ninety days. Insiders personal 13.71% of the corporate’s inventory.
Analysts Set New Value Targets
A number of equities analysts have issued experiences on META shares. Wedbush restated an “outperform” ranking and issued a $600.00 worth goal on shares of Meta Platforms in a analysis word on Thursday, September twenty sixth. Tigress Monetary upped their goal worth on Meta Platforms from $575.00 to $645.00 and gave the corporate a “strong-buy” ranking in a analysis report on Friday, August sixteenth. Oppenheimer lifted their worth goal on Meta Platforms from $525.00 to $615.00 and gave the inventory an “outperform” ranking in a analysis report on Thursday, August 1st. The Goldman Sachs Group elevated their worth goal on Meta Platforms from $555.00 to $636.00 and gave the corporate a “purchase” ranking in a report on Monday, October 14th. Lastly, KeyCorp lifted their goal worth on shares of Meta Platforms from $560.00 to $655.00 and gave the corporate an “obese” ranking in a report on Wednesday, October ninth. Two funding 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 robust purchase ranking to the inventory. Based mostly on knowledge from MarketBeat.com, the corporate at present has a consensus ranking of “Reasonable Purchase” and a mean goal worth of $634.10.
Test Out Our Newest Evaluation on Meta Platforms
About Meta Platforms
Meta Platforms, Inc engages within the improvement of merchandise that allow individuals to attach and share with family and friends by 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 presents Fb, which permits individuals to share, talk about, uncover, and join with pursuits; Instagram, a neighborhood for sharing images, movies, and personal messages, in addition to feed, tales, reels, video, reside, and outlets; Messenger, a messaging utility for individuals to attach with mates, household, communities, and companies throughout platforms and gadgets by textual content, audio, and video calls; and WhatsApp, a messaging utility that’s utilized by individuals and companies to speak and transact privately.
See Additionally
Wish 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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