Aspen Wealth Methods LLC decreased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 5.0% within the third quarter, in response to the corporate in its most up-to-date 13F submitting with the Securities and Alternate Fee (SEC). The agency owned 1,147 shares of the social networking firm’s inventory after promoting 61 shares throughout the interval. Aspen Wealth Methods LLC’s holdings in Meta Platforms had been value $657,000 as of its most up-to-date submitting with the Securities and Alternate Fee (SEC).
Various different hedge funds have additionally lately modified their holdings of the enterprise. Gradient Investments LLC boosted its holdings in Meta Platforms by 8.9% within the 2nd quarter. Gradient Investments LLC now owns 72,587 shares of the social networking firm’s inventory value $36,600,000 after shopping for an extra 5,953 shares throughout the interval. Baillie Gifford & Co. boosted its holdings in Meta Platforms by 14.0% within the 1st quarter. Baillie Gifford & Co. now owns 6,101,501 shares of the social networking firm’s inventory value $2,962,767,000 after shopping for an extra 748,076 shares throughout the interval. Stanley Laman Group Ltd. boosted its holdings in Meta Platforms by 26.5% within the 2nd quarter. Stanley Laman Group Ltd. now owns 1,678 shares of the social networking firm’s inventory value $846,000 after shopping for an extra 352 shares throughout the interval. Cutter & CO Brokerage Inc. boosted its holdings in Meta Platforms by 0.7% within the third quarter. Cutter & CO Brokerage Inc. now owns 9,735 shares of the social networking firm’s inventory value $5,573,000 after shopping for an extra 65 shares throughout the interval. Lastly, Lincoln Nationwide Corp boosted its holdings in Meta Platforms by 7.8% within the 1st quarter. Lincoln Nationwide Corp now owns 34,790 shares of the social networking firm’s inventory value $16,894,000 after shopping for an extra 2,504 shares throughout the interval. Institutional traders personal 79.91% of the corporate’s inventory.
Meta Platforms Buying and selling Down 0.1 %
NASDAQ:META opened at $567.16 on Monday. Meta Platforms, Inc. has a 52 week low of $308.33 and a 52 week excessive of $602.95. The agency has a 50 day transferring common of $555.99 and a 200 day transferring common of $513.25. 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 inventory has a market capitalization of $1.43 trillion, a price-to-earnings ratio of 26.72, a PEG ratio of 1.36 and a beta of 1.22.
Meta Platforms (NASDAQ:META – Get Free Report) final posted its earnings outcomes on Wednesday, October thirtieth. The social networking firm reported $6.03 EPS for the quarter, beating analysts’ consensus estimates of $5.19 by $0.84. Meta Platforms had a web margin of 35.55% and a return on fairness of 35.60%. The corporate had income of $40.59 billion throughout the quarter, in comparison with analysts’ expectations of $40.21 billion. As a gaggle, sell-side analysts anticipate that Meta Platforms, Inc. will publish 21.84 earnings per share for the present fiscal 12 months.
Meta Platforms Declares Dividend
The enterprise additionally lately declared a quarterly dividend, which was paid on Thursday, September twenty sixth. Shareholders of document on Monday, September sixteenth had been issued a $0.50 dividend. 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 is at the moment 9.42%.
Insiders Place Their Bets
In different Meta Platforms information, CEO Mark Zuckerberg offered 420 shares of the agency’s inventory in a transaction on Wednesday, October thirtieth. The shares had been offered at a median worth of $600.17, for a complete worth of $252,071.40. Following the completion of the transaction, the chief government officer now owns 518,004 shares of the corporate’s inventory, valued at roughly $310,890,460.68. This commerce represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a submitting with the SEC, which is accessible by the SEC web site. In different Meta Platforms information, CEO Mark Zuckerberg offered 420 shares of the agency’s inventory in a transaction on Wednesday, October thirtieth. The shares had been offered at a median worth of $600.17, for a complete worth of $252,071.40. Following the completion of the transaction, the chief government officer now owns 518,004 shares of the corporate’s inventory, valued at roughly $310,890,460.68. This commerce represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a submitting with the SEC, which is accessible by the SEC web site. Additionally, CFO Susan J. Li offered 8,950 shares of the agency’s inventory in a transaction on Thursday, August fifteenth. The inventory was offered at a median worth of $526.76, for a complete transaction of $4,714,502.00. Following the completion of the transaction, the chief monetary officer now instantly owns 74,579 shares of the corporate’s inventory, valued at roughly $39,285,234.04. This represents a 0.00 % lower of their place. The disclosure for this sale might be discovered right here. Over the past quarter, insiders offered 251,092 shares of firm inventory valued at $132,865,496. Insiders personal 13.71% of the corporate’s inventory.
Analyst Upgrades and Downgrades
A number of analysis analysts lately weighed in on META shares. Guggenheim upped their goal worth on shares of Meta Platforms from $600.00 to $665.00 and gave the inventory a “purchase” score in a report on Monday, October seventh. Susquehanna upped their goal worth on shares of Meta Platforms from $600.00 to $675.00 and gave the inventory a “constructive” score in a report on Thursday. Loop Capital boosted their worth goal on shares of Meta Platforms from $550.00 to $575.00 and gave the inventory a “purchase” score in a analysis notice on Tuesday, August sixth. Needham & Firm LLC reiterated an “underperform” score on shares of Meta Platforms in a analysis notice on Thursday. Lastly, Pivotal Analysis boosted their worth goal on shares of Meta Platforms from $780.00 to $800.00 and gave the inventory a “purchase” score in a analysis notice on Thursday. Two funding analysts have rated the inventory with a promote score, 4 have issued a maintain score, thirty-five have issued a purchase score and two have assigned a robust purchase score to the corporate’s inventory. In accordance with MarketBeat.com, Meta Platforms presently has a consensus score of “Reasonable Purchase” and a median worth goal of $634.10.
View Our Newest Analysis Report on Meta Platforms
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 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 section 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, stay, and outlets; Messenger, a messaging utility for folks 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 folks and companies to speak and transact privately.
See Additionally
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