Cigna Investments Inc. New trimmed its place in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 1.2% in the course of the third quarter, in line with the corporate in its most up-to-date submitting with the Securities and Trade Fee. The institutional investor owned 22,621 shares of the social networking firm’s inventory after promoting 269 shares in the course of the interval. Meta Platforms contains 2.3% of Cigna Investments Inc. New’s funding portfolio, making the inventory its sixth largest place. Cigna Investments Inc. New’s holdings in Meta Platforms had been value $12,950,000 on the finish of the latest reporting interval.
Different giant traders additionally just lately modified their holdings of the corporate. Delos Wealth Advisors LLC elevated its stake in Meta Platforms by 527.3% within the 1st quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking firm’s inventory value $34,000 after buying an extra 58 shares in the course of the interval. POM Funding Methods LLC bought a brand new place in Meta Platforms within the 2nd quarter value roughly $38,000. Ruedi Wealth Administration Inc. elevated its stake in Meta Platforms by 122.2% within the 2nd quarter. Ruedi Wealth Administration Inc. now owns 80 shares of the social networking firm’s inventory value $40,000 after buying an extra 44 shares in the course of the interval. Richardson Monetary Companies Inc. elevated its stake in Meta Platforms by 95.6% within the 1st quarter. Richardson Monetary Companies Inc. now owns 88 shares of the social networking firm’s inventory value $41,000 after buying an extra 43 shares in the course of the interval. Lastly, Halpern Monetary Inc. bought a brand new place in Meta Platforms within the third quarter value roughly $46,000. 79.91% of the inventory is owned by hedge funds and different institutional traders.
Insider Exercise at Meta Platforms
In associated information, CFO Susan J. Li offered 33,018 shares of the corporate’s inventory in a transaction on Tuesday, August twenty seventh. The inventory was offered at a median worth of $517.94, for a complete transaction of $17,101,342.92. The transaction was disclosed in a authorized submitting with the Securities & Trade Fee, which is accessible by means of the SEC web site. In associated information, CEO Mark Zuckerberg offered 492 shares of the corporate’s inventory in a transaction on Monday, October seventh. The inventory was offered at a median worth of $600.75, for a complete transaction of $295,569.00. Following the completion of the sale, the chief govt officer now owns 518,508 shares within the firm, valued at roughly $311,493,681. 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 might be accessed by means of the SEC web site. Additionally, CFO Susan J. Li offered 33,018 shares of the corporate’s inventory in a transaction on Tuesday, August twenty seventh. The shares had been offered at a median worth of $517.94, for a complete worth of $17,101,342.92. The disclosure for this sale might be discovered right here. Over the past 90 days, insiders offered 251,092 shares of firm inventory value $132,865,496. 13.71% of the inventory is owned by insiders.
Meta Platforms Inventory Down 0.1 %
META inventory opened at $567.16 on Monday. Meta Platforms, Inc. has a 1-year low of $308.33 and a 1-year excessive of $602.95. The enterprise has a fifty day shifting common worth of $555.99 and a 200-day shifting common worth of $513.25. The corporate has a debt-to-equity ratio of 0.18, a present ratio of two.73 and a fast ratio of two.83. The inventory has a market capitalization of $1.43 trillion, a P/E ratio of 26.72, a P/E/G ratio of 1.36 and a beta of 1.22.
Meta Platforms (NASDAQ:META – Get Free Report) final posted its quarterly earnings outcomes 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 return on fairness of 35.60% and a web margin of 35.55%. The agency had income of $40.59 billion in the course of the quarter, in comparison with analysts’ expectations of $40.21 billion. Equities analysts forecast that Meta Platforms, Inc. will submit 21.84 earnings per share for the present fiscal 12 months.
Meta Platforms Broadcasts Dividend
The corporate additionally just lately disclosed a quarterly dividend, which was paid on Thursday, September twenty sixth. Buyers of document on Monday, September sixteenth got a dividend of $0.50 per share. 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 (DPR) is presently 9.42%.
Wall Road Analysts Forecast Development
Numerous equities analysis analysts have just lately weighed in on the corporate. Wedbush reiterated an “outperform” ranking and issued a $600.00 worth goal on shares of Meta Platforms in a analysis report on Thursday, September twenty sixth. The Goldman Sachs Group lifted their worth goal on Meta Platforms from $555.00 to $636.00 and gave the inventory a “purchase” ranking in a analysis report on Monday, October 14th. DA Davidson assumed protection on Meta Platforms in a analysis report on Tuesday, September tenth. They issued a “purchase” ranking and a $600.00 worth goal on the inventory. Scotiabank minimize their worth goal on Meta Platforms from $585.00 to $583.00 and set a “sector carry out” ranking on the inventory in a analysis report on Thursday. Lastly, Stifel Nicolaus lifted their worth goal on Meta Platforms from $590.00 to $663.00 and gave the inventory a “purchase” ranking in a analysis report on Monday, October 14th. Two equities analysis analysts have rated the inventory with a promote ranking, 4 have given a maintain ranking, thirty-five have given a purchase ranking and two have assigned a robust purchase ranking to the corporate. Primarily based on knowledge from MarketBeat, Meta Platforms presently has a consensus ranking of “Average Purchase” and a median worth goal of $634.10.
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About Meta Platforms
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 phase gives Fb, which allows folks to share, talk about, uncover, and join with pursuits; Instagram, a group for sharing images, movies, and personal messages, in addition to feed, tales, reels, video, reside, and outlets; Messenger, a messaging software 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 software that’s utilized by folks and companies to speak and transact privately.
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