United Asset Methods Inc. lifted its stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 2.3% within the third quarter, based on the corporate in its most up-to-date 13F submitting with the Securities and Trade Fee (SEC). The fund owned 48,028 shares of the social networking firm’s inventory after buying a further 1,059 shares throughout the quarter. Meta Platforms accounts for about 2.6% of United Asset Methods Inc.’s holdings, making the inventory its eighth largest place. United Asset Methods Inc.’s holdings in Meta Platforms have been value $27,493,000 on the finish of the latest reporting interval.
A number of different giant traders have additionally not too long ago modified their holdings of the inventory. Delos Wealth Advisors LLC elevated its holdings 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 shopping for a further 58 shares within the final quarter. POM Funding Methods LLC purchased a brand new stake in Meta Platforms within the 2nd quarter value about $38,000. Ruedi Wealth Administration Inc. elevated its holdings 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 shopping for a further 44 shares within the final quarter. Richardson Monetary Providers Inc. elevated its holdings in Meta Platforms by 95.6% within the 1st quarter. Richardson Monetary Providers Inc. now owns 88 shares of the social networking firm’s inventory value $41,000 after shopping for a further 43 shares within the final quarter. Lastly, Halpern Monetary Inc. purchased a brand new stake in Meta Platforms within the third quarter value about $46,000. Hedge funds and different institutional traders personal 79.91% of the corporate’s inventory.
Wall Road Analyst Weigh In
META has been the topic of a number of analysis analyst studies. Roth Mkm lifted their value goal on Meta Platforms from $620.00 to $635.00 and gave the inventory a “purchase” ranking in a report on Thursday. BMO Capital Markets lifted their value goal on Meta Platforms from $525.00 to $530.00 and gave the inventory a “market carry out” ranking in a report on Thursday. Wells Fargo & Firm lower their value goal on Meta Platforms from $652.00 to $641.00 and set an “obese” ranking for the corporate in a analysis notice on Friday. Jefferies Monetary Group boosted their value goal on Meta Platforms from $600.00 to $675.00 and gave the corporate a “purchase” ranking in a analysis notice on Tuesday, October twenty second. Lastly, Truist Monetary boosted their value goal on Meta Platforms from $570.00 to $650.00 and gave the corporate a “purchase” ranking in a analysis notice on Thursday, October tenth. Two 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. Based on MarketBeat, the inventory presently has a median ranking of “Average Purchase” and a consensus value goal of $634.10.
Learn Our Newest Inventory Evaluation on META
Meta Platforms Inventory Down 0.1 %
Shares of META opened at $567.16 on Monday. The inventory has a market capitalization of $1.43 trillion, a price-to-earnings ratio of 26.72, a price-to-earnings-growth ratio of 1.36 and a beta of 1.22. Meta Platforms, Inc. has a 1 yr low of $308.33 and a 1 yr excessive of $602.95. The enterprise’s 50 day easy shifting common is $555.99 and its 200-day easy shifting common is $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.
Meta Platforms (NASDAQ:META – Get Free Report) final issued its quarterly earnings knowledge on Wednesday, October thirtieth. The social networking firm reported $6.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.19 by $0.84. The enterprise had income of $40.59 billion for the quarter, in comparison with analysts’ expectations of $40.21 billion. Meta Platforms had a return on fairness of 35.60% and a web margin of 35.55%. As a gaggle, equities analysts anticipate that Meta Platforms, Inc. will put up 21.84 earnings per share for the present fiscal yr.
Meta Platforms Dividend Announcement
The enterprise additionally not too long ago introduced a quarterly dividend, which was paid on Thursday, September twenty sixth. Stockholders of report on Monday, September sixteenth got a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Monday, September sixteenth. Meta Platforms’s dividend payout ratio is at the moment 9.42%.
Insider Exercise
In different information, CEO Mark Zuckerberg bought 492 shares of the enterprise’s inventory in a transaction that occurred on Monday, October seventh. The inventory was bought at a median value of $600.75, for a complete transaction of $295,569.00. Following the transaction, the chief govt officer now owns 518,508 shares of the corporate’s inventory, valued at roughly $311,493,681. The commerce was a 0.00 % lower of their place. The transaction was disclosed in a doc filed with the SEC, which might be accessed by way of the SEC web site. In different information, COO Javier Olivan bought 413 shares of the enterprise’s inventory in a transaction that occurred on Friday, August twenty third. The inventory was bought at a median value of $536.92, for a complete transaction of $221,747.96. Following the transaction, the chief working officer now owns 14,424 shares of the corporate’s inventory, valued at roughly $7,744,534.08. The commerce was a 0.00 % lower of their place. The transaction was disclosed in a doc filed with the SEC, which might be accessed by way of the SEC web site. Additionally, CEO Mark Zuckerberg bought 492 shares of the corporate’s inventory in a transaction on Monday, October seventh. The shares have been bought at a median value of $600.75, for a complete worth of $295,569.00. Following the completion of the transaction, the chief govt officer now instantly owns 518,508 shares within the firm, valued at $311,493,681. This commerce represents a 0.00 % lower of their place. The disclosure for this sale might be discovered right here. Within the final 90 days, insiders have bought 251,092 shares of firm inventory valued at $132,865,496. 13.71% of the inventory is at the moment owned by insiders.
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 way 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 provides Fb, which permits folks to share, focus on, uncover, and join with pursuits; Instagram, a group for sharing pictures, movies, and personal messages, in addition to feed, tales, reels, video, reside, and outlets; Messenger, a messaging software for folks to attach with buddies, household, communities, and companies throughout platforms and gadgets by way of textual content, audio, and video calls; and WhatsApp, a messaging software that’s utilized by folks and companies to speak and transact privately.
Additional Studying
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