Palumbo Wealth Administration LLC raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 3.8% in the course of the third quarter, in response to its most up-to-date 13F submitting with the Securities and Alternate Fee. The institutional investor owned 1,326 shares of the social networking firm’s inventory after buying a further 48 shares in the course of the quarter. Palumbo Wealth Administration LLC’s holdings in Meta Platforms had been price $759,000 on the finish of the newest reporting interval.
Various different hedge funds and different institutional traders have additionally made modifications to their positions in META. Worldwide Belongings Funding Administration LLC boosted its stake in shares of Meta Platforms by 57,001.5% within the third quarter. Worldwide Belongings Funding Administration LLC now owns 9,517,111 shares of the social networking firm’s inventory price $5,447,975,000 after shopping for a further 9,500,444 shares over the last quarter. Capital Analysis International Buyers lifted its stake in shares of Meta Platforms by 14.5% within the 1st quarter. Capital Analysis International Buyers now owns 34,597,001 shares of the social networking firm’s inventory valued at $16,799,612,000 after buying a further 4,379,826 shares in the course of the interval. Jennison Associates LLC boosted its holdings in Meta Platforms by 24.7% in the course of the first quarter. Jennison Associates LLC now owns 13,867,398 shares of the social networking firm’s inventory price $6,733,731,000 after shopping for a further 2,748,620 shares within the final quarter. Sustainable Development Advisers LP acquired a brand new stake in Meta Platforms in the course of the second quarter valued at $595,152,000. Lastly, Vanguard Group Inc. elevated its holdings in Meta Platforms by 0.4% within the first quarter. Vanguard Group Inc. now owns 187,180,393 shares of the social networking firm’s inventory valued at $90,891,055,000 after shopping for a further 831,047 shares within the final quarter. Hedge funds and different institutional traders personal 79.91% of the corporate’s inventory.
Meta Platforms Value Efficiency
Shares of NASDAQ:META opened at $567.16 on Monday. The corporate has a fast ratio of two.83, a present ratio of two.73 and a debt-to-equity ratio of 0.18. The agency has a 50-day easy transferring common of $555.99 and a 200 day easy transferring common of $513.25. Meta Platforms, Inc. has a fifty-two week low of $308.33 and a fifty-two week excessive of $602.95. The corporate has a market cap of $1.43 trillion, a PE 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 issued its quarterly earnings information on Wednesday, October thirtieth. The social networking firm reported $6.03 EPS for the quarter, topping analysts’ consensus estimates of $5.19 by $0.84. The agency had income of $40.59 billion in the course of the quarter, in comparison with the consensus estimate of $40.21 billion. Meta Platforms had a return on fairness of 35.60% and a web margin of 35.55%. On common, sell-side analysts anticipate that Meta Platforms, Inc. will publish 21.84 EPS for the present 12 months.
Meta Platforms Dividend Announcement
The agency additionally lately declared a quarterly dividend, which was paid on Thursday, September twenty sixth. Stockholders of file on Monday, September sixteenth had been issued 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 dividend yield of 0.35%. Meta Platforms’s dividend payout ratio (DPR) is presently 9.42%.
Analyst Rankings Adjustments
A number of brokerages have lately weighed in on META. Morgan Stanley upped their goal worth on Meta Platforms from $550.00 to $575.00 and gave the inventory an “chubby” ranking in a analysis observe on Thursday, August 1st. Piper Sandler lifted their goal worth on shares of Meta Platforms from $575.00 to $650.00 and gave the corporate an “chubby” ranking in a analysis report on Thursday. JPMorgan Chase & Co. upped their worth goal on shares of Meta Platforms from $640.00 to $660.00 and gave the inventory an “chubby” ranking in a analysis report on Thursday. JMP Securities lifted their worth goal on Meta Platforms from $635.00 to $660.00 and gave the inventory a “market outperform” ranking in a report on Thursday. Lastly, Stifel Nicolaus raised their goal worth on Meta Platforms from $590.00 to $663.00 and gave the corporate 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 issued a maintain ranking, thirty-five have assigned a purchase ranking and two have assigned a powerful purchase ranking to the inventory. Based mostly on information from MarketBeat.com, Meta Platforms at the moment has a median ranking of “Reasonable Purchase” and a consensus worth goal of $634.10.
View Our Newest Inventory Report on META
Insider Transactions at Meta Platforms
In different information, CEO Mark Zuckerberg bought 6,534 shares of the inventory in a transaction on Wednesday, August seventh. The inventory was bought at a median worth of $505.04, for a complete worth of $3,299,931.36. Following the completion of the transaction, the chief government officer now owns 116,108 shares of the corporate’s inventory, valued at roughly $58,639,184.32. This represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a doc filed with the SEC, which could be accessed by way of this hyperlink. In associated information, CTO Andrew Bosworth bought 5,057 shares of the inventory in a transaction that occurred on Thursday, August fifteenth. The shares had been bought at a median worth of $526.76, for a complete transaction of $2,663,825.32. Following the completion of the sale, the chief know-how officer now immediately owns 11,990 shares of the corporate’s inventory, valued at $6,315,852.40. This represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a doc filed with the Securities & Alternate Fee, which is obtainable at the SEC web site. Additionally, CEO Mark Zuckerberg bought 6,534 shares of the inventory in a transaction on Wednesday, August seventh. The shares had been bought at a median worth of $505.04, for a complete worth of $3,299,931.36. Following the sale, the chief government officer now owns 116,108 shares of the corporate’s inventory, valued at $58,639,184.32. This commerce represents a 0.00 % lower of their place. The disclosure for this sale could be discovered right here. During the last three months, insiders bought 251,092 shares of firm inventory price $132,865,496. Firm insiders personal 13.71% of the corporate’s inventory.
Meta Platforms Firm Profile
Meta Platforms, Inc engages within the improvement of merchandise that allow folks to attach and share with family and friends by way of cell units, 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, talk about, uncover, and join with pursuits; Instagram, a group for sharing photographs, movies, and personal messages, in addition to feed, tales, reels, video, stay, and outlets; Messenger, a messaging software for folks to attach with associates, household, communities, and companies throughout platforms and units 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.
Featured Articles
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).
Obtain Information & Rankings for Meta Platforms Every day – Enter your electronic mail tackle under to obtain a concise every day abstract of the newest information and analysts’ scores for Meta Platforms and associated firms with MarketBeat.com’s FREE every day electronic mail e-newsletter.
