Americana Companions LLC lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 10.6% within the third quarter, in keeping with its most up-to-date submitting with the SEC. The agency owned 28,164 shares of the social networking firm’s inventory after buying an extra 2,706 shares in the course of the interval. Meta Platforms makes up about 1.1% of Americana Companions LLC’s funding portfolio, making the inventory its twenty third greatest place. Americana Companions LLC’s holdings in Meta Platforms have been price $16,122,000 on the finish of the newest quarter.
A lot of different hedge funds and different institutional traders have additionally lately added to or decreased their stakes in META. Delos Wealth Advisors LLC grew its holdings in shares of Meta Platforms by 527.3% within the 1st quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking firm’s inventory price $34,000 after buying an extra 58 shares over the last quarter. POM Funding Methods LLC purchased a brand new stake in Meta Platforms in the course of the second quarter price about $38,000. Ruedi Wealth Administration Inc. elevated its holdings in shares of Meta Platforms by 122.2% in the course of the second quarter. Ruedi Wealth Administration Inc. now owns 80 shares of the social networking firm’s inventory price $40,000 after shopping for an extra 44 shares within the final quarter. Halpern Monetary Inc. purchased a brand new place in shares of Meta Platforms within the third quarter valued at roughly $46,000. Lastly, West Monetary Advisors LLC acquired a brand new place in shares of Meta Platforms within the third quarter price roughly $49,000. Institutional traders personal 79.91% of the corporate’s inventory.
Meta Platforms Worth Efficiency
Shares of META opened at $560.68 on Tuesday. The corporate has a 50 day shifting common of $556.78 and a 200-day shifting common of $513.67. 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 $1.42 trillion, a P/E ratio of 26.41, a P/E/G ratio of 1.36 and a beta of 1.22. Meta Platforms, Inc. has a twelve month low of $313.66 and a twelve month 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 internet margin of 35.55% and a return on fairness of 35.60%. The agency had income of $40.59 billion for the quarter, in comparison with analyst estimates of $40.21 billion. As a gaggle, equities analysis analysts forecast that Meta Platforms, Inc. will publish 21.84 EPS 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. Traders of file on Monday, September sixteenth got a dividend of $0.50 per share. The ex-dividend date was Monday, September sixteenth. This represents a $2.00 annualized dividend and a yield of 0.36%. Meta Platforms’s dividend payout ratio (DPR) is presently 9.42%.
Analyst Upgrades and Downgrades
A lot of equities analysis analysts lately weighed in on META shares. Citigroup raised their worth goal on Meta Platforms from $645.00 to $705.00 and gave the corporate a “purchase” ranking in a report on Thursday, October thirty first. Wells Fargo & Firm lowered their goal worth on Meta Platforms from $652.00 to $641.00 and set an “obese” ranking for the corporate in a analysis be aware on Friday. Stifel Nicolaus upped their worth goal on shares of Meta Platforms from $590.00 to $663.00 and gave the inventory a “purchase” ranking in a analysis report on Monday, October 14th. KeyCorp raised their worth goal on shares of Meta Platforms from $560.00 to $655.00 and gave the corporate an “obese” ranking in a analysis report on Wednesday, October ninth. Lastly, The Goldman Sachs Group elevated their worth goal on Meta Platforms from $555.00 to $636.00 and gave the corporate a “purchase” ranking in a analysis report on Monday, October 14th. Two analysts have rated the inventory with a promote ranking, 4 have assigned a maintain ranking, thirty-five have given a purchase ranking and two have assigned a robust purchase ranking to the corporate. In response to MarketBeat.com, Meta Platforms presently has a consensus ranking of “Reasonable Purchase” and a mean goal worth of $634.10.
Examine Out Our Newest Inventory Evaluation on META
Insider Shopping for and Promoting at Meta Platforms
In different information, CEO Mark Zuckerberg bought 420 shares of the corporate’s inventory in a transaction that occurred on Wednesday, October thirtieth. The inventory was bought at a mean worth of $600.17, for a complete transaction of $252,071.40. Following the sale, the chief government officer now owns 518,004 shares within the firm, valued at $310,890,460.68. This represents a 0.00 % lower of their place. The sale was disclosed in a doc filed with the SEC, which is obtainable at this hyperlink. In associated information, CEO Mark Zuckerberg bought 420 shares of the enterprise’s inventory in a transaction on Wednesday, October thirtieth. The shares have been bought at a mean worth of $600.17, for a complete transaction of $252,071.40. Following the transaction, the chief government officer now instantly owns 518,004 shares within the firm, valued at roughly $310,890,460.68. The commerce was a 0.00 % lower of their possession of the inventory. The sale was disclosed in a submitting with the Securities & Alternate Fee, which is accessible by way of this hyperlink. Additionally, insider Jennifer Newstead bought 905 shares of the inventory in a transaction on Friday, August sixteenth. The shares have been bought at a mean worth of $532.21, for a complete transaction of $481,650.05. Following the completion of the sale, the insider now owns 41,437 shares of the corporate’s inventory, valued at roughly $22,053,185.77. This represents a 0.00 % lower of their place. The disclosure for this sale might be discovered right here. Insiders bought a complete of 250,040 shares of firm inventory price $132,361,588 over the past ninety days. 13.71% of the inventory is at the moment owned by company insiders.
Meta Platforms Profile
Meta Platforms, Inc engages within the improvement of merchandise that allow individuals to attach and share with family and friends by way of cellular 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 presents Fb, which permits individuals to share, focus on, uncover, and join with pursuits; Instagram, a group for sharing images, movies, and personal messages, in addition to feed, tales, reels, video, dwell, and outlets; Messenger, a messaging software for individuals to attach with mates, household, communities, and companies throughout platforms and gadgets 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.
Additional Studying
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