Lynx Funding Advisory lifted its stake in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 17.5% through the third quarter, in accordance with the corporate in its most up-to-date Type 13F submitting with the SEC. The agency owned 1,563 shares of the social networking firm’s inventory after buying a further 233 shares through the quarter. Lynx Funding Advisory’s holdings in Meta Platforms have been value $895,000 on the finish of the latest reporting interval.
Various different institutional buyers have additionally modified their holdings of the inventory. Central Valley Advisors LLC boosted its stake in Meta Platforms by 0.3% through 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 through the interval. Cherrydale Wealth Administration LLC boosted its place in shares of Meta Platforms by 0.5% within the third quarter. Cherrydale Wealth Administration LLC now owns 3,841 shares of the social networking firm’s inventory value $2,199,000 after buying a further 18 shares over the last quarter. Alliance Wealth Advisors LLC grew its stake in Meta Platforms by 0.7% through the third quarter. Alliance Wealth Advisors LLC now owns 2,787 shares of the social networking firm’s inventory value $1,595,000 after shopping for a further 18 shares through the interval. Kozak & Associates Inc. grew its stake in Meta Platforms by 1.0% through 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 through the interval. Lastly, Capital Advisors Ltd. LLC boosted its stake in shares of Meta Platforms by 0.5% within 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 owned by hedge funds and different institutional buyers.
Insider Transactions at Meta Platforms
In different information, CEO Mark Zuckerberg bought 16,702 shares of the enterprise’s inventory in a transaction dated Monday, August nineteenth. The shares have been bought at a mean worth of $526.94, for a complete transaction of $8,800,951.88. Following the transaction, the chief government officer now straight owns 46,292 shares within the firm, valued at $24,393,106.48. The commerce was a 26.51 % lower of their place. The transaction was disclosed in a doc filed with the Securities & Trade Fee, which is offered at this hyperlink. Additionally, CFO Susan J. Li bought 33,018 shares of the enterprise’s inventory in a transaction dated Tuesday, August twenty seventh. The shares have been bought at a mean worth of $517.94, for a complete transaction of $17,101,342.92. The disclosure for this sale could be discovered right here. Insiders have bought a complete of 158,200 shares of firm inventory valued at $84,533,106 over the past three months. 13.71% of the inventory is at present owned by company insiders.
Meta Platforms Buying and selling Down 0.5 %
NASDAQ META opened at $577.16 on Friday. The corporate has a market capitalization of $1.46 trillion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 1.29 and a beta of 1.22. Meta Platforms, Inc. has a 1-year low of $313.66 and a 1-year excessive of $602.95. The agency’s fifty day easy shifting common is $565.83 and its 200-day easy shifting common is $518.72. The corporate has a present ratio of two.73, a fast ratio of two.73 and a debt-to-equity ratio of 0.18.
Meta Platforms (NASDAQ:META – Get Free Report) final launched its earnings outcomes on Wednesday, October thirtieth. The social networking firm reported $6.03 earnings per share for the quarter, beating the consensus estimate of $5.19 by $0.84. Meta Platforms had a internet margin of 35.55% and a return on fairness of 35.60%. The enterprise had income of $40.59 billion through the quarter, in comparison with analysts’ expectations of $40.21 billion. As a bunch, sell-side analysts anticipate that Meta Platforms, Inc. will publish 22.53 earnings per share for the present fiscal yr.
Meta Platforms Dividend Announcement
The agency additionally just lately disclosed a quarterly dividend, which was paid on Thursday, September twenty sixth. Shareholders of file on Monday, September sixteenth have been paid 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 yield of 0.35%. Meta Platforms’s payout ratio is presently 9.42%.
Wall Avenue Analyst Weigh In
A number of analysis companies have just lately commented on META. Piper Sandler upped their worth goal on shares of Meta Platforms from $575.00 to $650.00 and gave the inventory an “chubby” score in a analysis report on Thursday, October thirty first. Tigress Monetary elevated their worth goal on Meta Platforms from $575.00 to $645.00 and gave the corporate a “strong-buy” score in a report on Friday, August sixteenth. Truist Monetary raised their goal worth on Meta Platforms from $570.00 to $650.00 and gave the inventory a “purchase” score in a analysis report on Thursday, October tenth. Oppenheimer lifted their worth goal on Meta Platforms from $525.00 to $615.00 and gave the corporate an “outperform” score in a report on Thursday, August 1st. Lastly, Financial institution of America boosted their goal worth on Meta Platforms from $630.00 to $660.00 and gave the inventory a “purchase” score in a analysis report on Thursday, October thirty first. Two equities analysis analysts have rated the inventory with a promote score, 4 have assigned a maintain score, thirty-five have assigned a purchase score and two have given a powerful purchase score to the corporate’s inventory. In keeping with knowledge from MarketBeat.com, Meta Platforms has a mean score of “Reasonable Purchase” and a mean worth goal of $634.10.
Verify Out Our Newest Inventory Evaluation on META
About Meta Platforms
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, focus on, uncover, and join with pursuits; Instagram, a group for sharing pictures, movies, and personal messages, in addition to feed, tales, reels, video, dwell, and retailers; Messenger, a messaging utility for folks to attach with mates, household, communities, and companies throughout platforms and units by way of 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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