Darsana Capital Companions LP elevated its place in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 50.0% within the second quarter, in response to the corporate in its most up-to-date disclosure with the SEC. The institutional investor owned 750,000 shares of the social networking firm’s inventory after shopping for a further 250,000 shares through the quarter. Meta Platforms accounts for about 10.3% of Darsana Capital Companions LP’s portfolio, making the inventory its 2nd largest holding. Darsana Capital Companions LP’s holdings in Meta Platforms had been value $378,165,000 on the finish of the newest reporting interval.
Different institutional traders have additionally not too long ago purchased and offered shares of the corporate. Vanguard Group Inc. elevated its holdings in shares of Meta Platforms by 0.4% through the 1st quarter. Vanguard Group Inc. now owns 187,180,393 shares of the social networking firm’s inventory value $90,891,055,000 after buying a further 831,047 shares over the last quarter. Capital World Buyers boosted its place in shares of Meta Platforms by 0.6% within the first quarter. Capital World Buyers now owns 38,299,316 shares of the social networking firm’s inventory valued at $18,597,382,000 after buying a further 244,803 shares through the interval. Capital Worldwide Buyers elevated its place in Meta Platforms by 3.2% through the fourth quarter. Capital Worldwide Buyers now owns 34,738,470 shares of the social networking firm’s inventory value $12,296,383,000 after buying a further 1,083,719 shares through the interval. Capital Analysis World Buyers raised its stake in Meta Platforms by 14.5% within the 1st quarter. Capital Analysis World Buyers now owns 34,597,001 shares of the social networking firm’s inventory value $16,799,612,000 after buying a further 4,379,826 shares within the final quarter. Lastly, Jennison Associates LLC grew its place in shares of Meta Platforms by 24.7% through the 1st quarter. Jennison Associates LLC now owns 13,867,398 shares of the social networking firm’s inventory value $6,733,731,000 after buying a further 2,748,620 shares within the final quarter. Institutional traders personal 79.91% of the corporate’s inventory.
Insiders Place Their Bets
In different Meta Platforms information, insider Christopher Okay. Cox offered 10,000 shares of the inventory in a transaction that occurred on Monday, September twenty third. The shares had been offered at a median worth of $569.93, for a complete transaction of $5,699,300.00. Following the completion of the sale, the insider now straight owns 328,662 shares of the corporate’s inventory, valued at roughly $187,314,333.66. The sale was disclosed in a authorized submitting with the SEC, which is accessible at this hyperlink. In different Meta Platforms information, COO Javier Olivan offered 413 shares of the enterprise’s inventory in a transaction that occurred on Friday, September twentieth. The inventory was offered at a median worth of $560.00, for a complete transaction of $231,280.00. Following the completion of the transaction, the chief working officer now owns 12,772 shares within the firm, valued at $7,152,320. The sale was disclosed in a doc filed with the Securities & Change Fee, which will be accessed via this hyperlink. Additionally, insider Christopher Okay. Cox offered 10,000 shares of the agency’s inventory in a transaction dated Monday, September twenty third. The inventory was offered at a median worth of $569.93, for a complete transaction of $5,699,300.00. Following the completion of the transaction, the insider now straight owns 328,662 shares within the firm, valued at roughly $187,314,333.66. The disclosure for this sale will be discovered right here. Within the final 90 days, insiders have offered 359,060 shares of firm inventory value $188,031,963. Firm insiders personal 13.71% of the corporate’s inventory.
Analysts Set New Worth Targets
A lot of analysis companies have commented on META. Citigroup raised their worth goal on Meta Platforms from $580.00 to $645.00 and gave the inventory a “purchase” score in a analysis word on Monday. Wolfe Analysis assumed protection on shares of Meta Platforms in a report on Tuesday, July sixteenth. They issued an “outperform” score and a $620.00 goal worth on the inventory. Benchmark restated a “maintain” score on shares of Meta Platforms in a analysis report on Thursday, July twenty fifth. Roth Mkm lifted their worth goal on shares of Meta Platforms from $510.00 to $550.00 and gave the corporate a “purchase” score in a analysis word on Thursday, August 1st. Lastly, TD Cowen raised their goal worth on Meta Platforms from $530.00 to $600.00 and gave the corporate a “purchase” score in a report on Wednesday, July tenth. Two equities analysis analysts have rated the inventory with a promote score, two have given a maintain score, thirty-four have issued a purchase score and two have issued a robust purchase score to the corporate. Based mostly on knowledge from MarketBeat.com, Meta Platforms has a consensus score of “Average Purchase” and a consensus worth goal of $578.92.
Examine Out Our Newest Report on META
Meta Platforms Worth Efficiency
Shares of NASDAQ META opened at $568.31 on Thursday. The corporate has a debt-to-equity ratio of 0.12, a fast ratio of two.83 and a present ratio of two.83. The corporate has a 50 day easy transferring common of $512.54 and a two-hundred day easy transferring common of $498.54. Meta Platforms, Inc. has a fifty-two week low of $279.40 and a fifty-two week excessive of $576.88. The corporate has a market capitalization of $1.44 trillion, a price-to-earnings ratio of 32.64, a P/E/G ratio of 1.39 and a beta of 1.21.
Meta Platforms (NASDAQ:META – Get Free Report) final introduced its quarterly earnings outcomes on Wednesday, July thirty first. The social networking firm reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.46. The agency had income of $39.07 billion for the quarter, in comparison with the consensus estimate of $38.26 billion. Meta Platforms had a return on fairness of 34.16% and a web margin of 34.34%. The corporate’s quarterly income was up 22.1% on a year-over-year foundation. Throughout the identical interval within the prior yr, the corporate posted $3.23 earnings per share. Analysts count on that Meta Platforms, Inc. will submit 21.36 EPS for the present fiscal yr.
Meta Platforms Publicizes Dividend
The corporate additionally not too long ago disclosed a quarterly dividend, which shall be paid on Thursday, September twenty sixth. Buyers of report on Monday, September sixteenth shall be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Monday, September sixteenth. Meta Platforms’s payout ratio is at present 11.49%.
Meta Platforms Firm Profile
Meta Platforms, Inc engages within the improvement of merchandise that allow folks to attach and share with family and friends via 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, talk about, uncover, and join with pursuits; Instagram, a neighborhood for sharing photographs, movies, and personal messages, in addition to feed, tales, reels, video, stay, and retailers; Messenger, a messaging utility for folks to attach with buddies, household, communities, and companies throughout platforms and gadgets via textual content, audio, and video calls; and WhatsApp, a messaging utility that’s utilized by folks and companies to speak and transact privately.
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