Morton Capital Administration LLC CA boosted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 25.0% within the third quarter, based on the corporate in its most up-to-date 13F submitting with the Securities & Trade Fee. The agency owned 2,347 shares of the social networking firm’s inventory after buying a further 469 shares in the course of the quarter. Morton Capital Administration LLC CA’s holdings in Meta Platforms had been value $1,343,000 as of its most up-to-date SEC submitting.
A number of different hedge funds additionally not too long ago purchased and offered shares of the enterprise. Vista Funding Administration bought a brand new place in Meta Platforms in the course of the 4th quarter value $288,000. Nebula Analysis & Improvement LLC purchased a brand new place in Meta Platforms in the course of the 4th quarter value about $913,000. Kestra Advisory Providers LLC elevated its place in Meta Platforms by 14.4% in the course of the 4th quarter. Kestra Advisory Providers LLC now owns 106,183 shares of the social networking firm’s inventory valued at $37,585,000 after buying a further 13,396 shares in the course of the interval. Lone Pine Capital LLC raised its stake in shares of Meta Platforms by 3.4% in the course of the 4th quarter. Lone Pine Capital LLC now owns 2,873,728 shares of the social networking firm’s inventory value $1,017,185,000 after buying a further 94,625 shares within the final quarter. Lastly, Gibson Capital LLC bought a brand new stake in Meta Platforms in the course of the fourth quarter valued at roughly $987,000. Institutional buyers personal 79.91% of the corporate’s inventory.
Analyst Scores Modifications
Numerous brokerages have not too long ago issued experiences on META. Oppenheimer upped their worth goal on Meta Platforms from $525.00 to $615.00 and gave the inventory an “outperform” score in a analysis report on Thursday, August 1st. UBS Group elevated their worth goal on Meta Platforms from $635.00 to $690.00 and gave the corporate a “purchase” score in a analysis notice on Monday. Benchmark reaffirmed a “maintain” score on shares of Meta Platforms in a analysis report on Thursday, July twenty fifth. Raymond James upped their worth goal on shares of Meta Platforms from $600.00 to $650.00 and gave the corporate a “strong-buy” score in a analysis notice on Thursday. Lastly, Wedbush reiterated an “outperform” score and set a $600.00 worth goal on shares of Meta Platforms in a analysis notice on Thursday, September twenty sixth. Two funding analysts have rated the inventory with a promote score, two have issued a maintain score, thirty-five have assigned a purchase score and two have issued a powerful purchase score to the inventory. Based on MarketBeat.com, the corporate at present has a consensus score of “Average Purchase” and a mean goal worth of $608.58.
Test Out Our Newest Inventory Report on Meta Platforms
Meta Platforms Inventory Down 0.3 %
Shares of NASDAQ:META opened at $588.87 on Thursday. The agency has a market capitalization of $1.49 trillion, a PE ratio of 33.92, a price-to-earnings-growth ratio of 1.39 and a beta of 1.22. Meta Platforms, Inc. has a 1 yr low of $279.40 and a 1 yr excessive of $602.95. The corporate has a debt-to-equity ratio of 0.12, a present ratio of two.83 and a fast ratio of two.83. The agency’s 50-day shifting common is $534.36 and its two-hundred day shifting common is $504.36.
Meta Platforms (NASDAQ:META – Get Free Report) final posted its quarterly earnings information on Wednesday, July thirty first. The social networking firm reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.70 by $0.46. Meta Platforms had a return on fairness of 34.16% and a internet margin of 34.34%. The enterprise had income of $39.07 billion for the quarter, in comparison with analyst estimates of $38.26 billion. Throughout the identical quarter within the prior yr, the corporate earned $3.23 earnings per share. The corporate’s income was up 22.1% on a year-over-year foundation. Analysts predict that Meta Platforms, Inc. will put up 21.36 EPS for the present yr.
Meta Platforms Broadcasts Dividend
The corporate additionally not too long ago introduced a quarterly dividend, which was paid on Thursday, September twenty sixth. Buyers of report on Monday, September sixteenth had been issued a $0.50 dividend. The ex-dividend date was Monday, September sixteenth. This represents a $2.00 annualized dividend and a yield of 0.34%. Meta Platforms’s dividend payout ratio (DPR) is 11.49%.
Insiders Place Their Bets
In different Meta Platforms information, CEO Mark Zuckerberg offered 492 shares of Meta Platforms inventory in a transaction dated Monday, October seventh. The inventory was offered at a mean worth of $600.75, for a complete transaction of $295,569.00. Following the completion of the sale, the chief govt officer now instantly owns 518,508 shares of the corporate’s inventory, valued at $311,493,681. The commerce was a 0.00 % lower of their place. The sale was disclosed in a submitting with the Securities & Trade Fee, which is obtainable at this hyperlink. In different information, insider Jennifer Newstead offered 901 shares of the enterprise’s inventory in a transaction dated Monday, August fifth. The inventory was offered at a mean worth of $451.15, for a complete worth of $406,486.15. Following the completion of the sale, the insider now instantly owns 33,324 shares of the corporate’s inventory, valued at roughly $15,034,122.60. The commerce was a 0.00 % lower of their place. The transaction was disclosed in a doc filed with the Securities & Trade Fee, which is accessible by means of this hyperlink. Additionally, CEO Mark Zuckerberg offered 492 shares of Meta Platforms inventory in a transaction that occurred on Monday, October seventh. The inventory was offered at a mean worth of $600.75, for a complete worth of $295,569.00. Following the transaction, the chief govt officer now instantly owns 518,508 shares within the firm, valued at roughly $311,493,681. This commerce represents a 0.00 % lower of their place. The disclosure for this sale will be discovered right here. Insiders offered 266,412 shares of firm inventory value $140,058,708 within the final 90 days. Company insiders personal 13.71% of the corporate’s inventory.
Meta Platforms Firm Profile
Meta Platforms, Inc engages within the growth of merchandise that allow individuals to attach and share with family and friends by means 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 affords Fb, which allows 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, dwell, and retailers; Messenger, a messaging utility for individuals to attach with pals, household, communities, and companies throughout platforms and units by means of textual content, audio, and video calls; and WhatsApp, a messaging utility that’s utilized by individuals and companies to speak and transact privately.
Learn Extra
Wish to see what different hedge funds are holding META? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META – Free Report).
Obtain Information & Scores for Meta Platforms Every day – Enter your e-mail tackle beneath to obtain a concise day by day abstract of the most recent information and analysts’ scores for Meta Platforms and associated firms with MarketBeat.com’s FREE day by day e-mail publication.
