Roanoke Asset Administration Corp NY raised its place in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 0.9% within the third quarter, Holdings Channel.com experiences. The agency owned 19,470 shares of the social networking firm’s inventory after shopping for a further 169 shares through the interval. Meta Platforms makes up 3.5% of Roanoke Asset Administration Corp NY’s portfolio, making the inventory its sixth greatest holding. Roanoke Asset Administration Corp NY’s holdings in Meta Platforms have been value $11,145,000 on the finish of the latest reporting interval.
A number of different hedge funds have additionally added to or lowered their stakes within the enterprise. Central Valley Advisors LLC boosted its place in shares of Meta Platforms by 0.3% within the third quarter. Central Valley Advisors LLC now owns 5,714 shares of the social networking firm’s inventory value $3,271,000 after buying a further 18 shares within the final quarter. Cherrydale Wealth Administration LLC lifted its stake in Meta Platforms by 0.5% through the third quarter. Cherrydale Wealth Administration LLC now owns 3,841 shares of the social networking firm’s inventory valued at $2,199,000 after buying a further 18 shares through the interval. Alliance Wealth Advisors LLC boosted its holdings in 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 value $1,595,000 after buying a further 18 shares over the last quarter. Kozak & Associates Inc. boosted its stake 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 value $1,099,000 after shopping for a further 18 shares over the last quarter. Lastly, Capital Advisors Ltd. LLC grew its stake in shares of Meta Platforms by 0.5% through the third quarter. Capital Advisors Ltd. LLC now owns 3,560 shares of the social networking firm’s inventory valued at $2,038,000 after buying a further 18 shares through the interval. 79.91% of the inventory is at present owned by institutional buyers and hedge funds.
Wall Avenue Analysts Forecast Progress
META has been the subject of a lot of analyst experiences. JMP Securities lifted their worth goal on Meta Platforms from $635.00 to $660.00 and gave the corporate a “market outperform” score in a analysis report on Thursday, October thirty first. Morgan Stanley raised their worth goal on Meta Platforms from $550.00 to $575.00 and gave the corporate an “chubby” score in a report on Thursday, August 1st. Jefferies Monetary Group lifted their worth goal on Meta Platforms from $600.00 to $675.00 and gave the inventory a “purchase” score in a analysis report on Tuesday, October twenty second. Sanford C. Bernstein lifted their worth goal on shares of Meta Platforms from $600.00 to $675.00 and gave the inventory an “outperform” score in a analysis notice on Friday, October twenty fifth. Lastly, Cantor Fitzgerald reiterated an “chubby” score and set a $670.00 goal worth on shares of Meta Platforms in a analysis report on Wednesday, October sixteenth. Two funding analysts have rated the inventory with a promote score, 4 have assigned a maintain score, thirty-five have issued a purchase score and two have given a robust purchase score to the corporate’s inventory. Based mostly on knowledge from MarketBeat, the corporate presently has a median score of “Average Purchase” and a median worth goal of $634.10.
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Meta Platforms Value Efficiency
Shares of NASDAQ:META opened at $560.68 on Tuesday. 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 $1.42 trillion, a P/E ratio of 26.41, a P/E/G ratio of 1.36 and a beta of 1.22. The enterprise has a 50-day transferring common of $556.78 and a two-hundred day transferring common of $513.67. Meta Platforms, Inc. has a fifty-two week low of $313.66 and a fifty-two week excessive of $602.95.
Meta Platforms (NASDAQ:META – Get Free Report) final issued its quarterly earnings outcomes on Wednesday, October thirtieth. The social networking firm reported $6.03 earnings per share (EPS) for the quarter, beating 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 corporate had income of $40.59 billion for the quarter, in comparison with the consensus estimate of $40.21 billion. On common, equities analysis analysts predict that Meta Platforms, Inc. will put up 21.84 EPS for the present fiscal 12 months.
Meta Platforms Publicizes Dividend
The corporate additionally lately introduced a quarterly dividend, which was paid on Thursday, September twenty sixth. Traders of report 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 0.36%. The ex-dividend date of this dividend was Monday, September sixteenth. Meta Platforms’s dividend payout ratio (DPR) is presently 9.42%.
Insider Exercise
In associated information, CFO Susan J. Li bought 33,018 shares of the corporate’s inventory in a transaction dated Tuesday, August twenty seventh. The shares have been bought at a median worth of $517.94, for a complete worth of $17,101,342.92. The transaction was disclosed in a authorized submitting with the SEC, which is out there at this hyperlink. In different information, CFO Susan J. Li bought 33,018 shares of the enterprise’s inventory in a transaction on Tuesday, August twenty seventh. The shares have been bought at a median worth of $517.94, for a complete worth of $17,101,342.92. The sale was disclosed in a submitting with the SEC, which is out there at this hyperlink. Additionally, CFO Susan J. Li bought 8,950 shares of the corporate’s inventory in a transaction dated Thursday, August fifteenth. The inventory was bought at a median worth of $526.76, for a complete transaction of $4,714,502.00. Following the transaction, the chief monetary officer now owns 74,579 shares within the firm, valued at roughly $39,285,234.04. This commerce represents a 0.00 % lower of their place. The disclosure for this sale could be discovered right here. During the last ninety days, insiders have bought 250,040 shares of firm inventory value $132,361,588. Firm insiders personal 13.71% of the corporate’s inventory.
About Meta Platforms
Meta Platforms, Inc engages within the growth of merchandise that allow individuals to attach and share with family and friends by way of cellular 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 individuals to share, talk about, 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 individuals to attach with buddies, 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 individuals and companies to speak and transact privately.
Really useful Tales
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