Arkadios Wealth Advisors minimize its place in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 0.6% throughout the third quarter, in keeping with the corporate in its most up-to-date Kind 13F submitting with the SEC. The fund owned 29,743 shares of the social networking firm’s inventory after promoting 179 shares throughout the quarter. Meta Platforms makes up about 1.0% of Arkadios Wealth Advisors’ holdings, making the inventory its sixteenth largest place. Arkadios Wealth Advisors’ holdings in Meta Platforms have been value $17,026,000 on the finish of the newest reporting interval.
A number of different hedge funds and different institutional traders have additionally added to or diminished their stakes within the firm. Worldwide Belongings Funding Administration LLC lifted its stake in Meta Platforms by 57,001.5% within the third quarter. Worldwide Belongings Funding Administration LLC now owns 9,517,111 shares of the social networking firm’s inventory valued at $5,447,975,000 after buying a further 9,500,444 shares over the past quarter. Capital Analysis International Buyers grew its holdings in Meta Platforms by 14.5% throughout the first quarter. Capital Analysis International Buyers now owns 34,597,001 shares of the social networking firm’s inventory valued at $16,799,612,000 after buying a further 4,379,826 shares throughout the interval. Jennison Associates LLC grew its holdings in Meta Platforms by 24.7% throughout the first quarter. Jennison Associates LLC now owns 13,867,398 shares of the social networking firm’s inventory valued at $6,733,731,000 after buying a further 2,748,620 shares throughout the interval. Sustainable Progress Advisers LP purchased a brand new place in Meta Platforms throughout the second quarter valued at $595,152,000. Lastly, Vanguard Group Inc. grew its holdings in Meta Platforms by 0.4% throughout the first quarter. Vanguard Group Inc. now owns 187,180,393 shares of the social networking firm’s inventory valued at $90,891,055,000 after buying a further 831,047 shares throughout the interval. 79.91% of the inventory is at present owned by hedge funds and different institutional traders.
Meta Platforms Inventory Up 0.9 %
NASDAQ META opened at $578.16 on Tuesday. 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 inventory has a market capitalization of $1.47 trillion, a PE ratio of 33.21, a PEG ratio of 1.42 and a beta of 1.22. Meta Platforms, Inc. has a 1 12 months low of $296.86 and a 1 12 months excessive of $602.95. The enterprise’s 50-day shifting common is $552.03 and its 200 day shifting common is $511.04.
Meta Platforms (NASDAQ:META – Get Free Report) final posted its earnings outcomes on Wednesday, July thirty first. The social networking firm reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.46. The corporate had income of $39.07 billion for the quarter, in comparison with analysts’ expectations of $38.26 billion. Meta Platforms had a return on fairness of 34.16% and a internet margin of 34.34%. Meta Platforms’s quarterly income was up 22.1% on a year-over-year foundation. Throughout the identical interval final 12 months, the agency earned $3.23 earnings per share. Promote-side analysts forecast that Meta Platforms, Inc. will publish 21.44 earnings per share for the present 12 months.
Meta Platforms Dividend Announcement
The corporate additionally not too long ago disclosed a quarterly dividend, which was paid on Thursday, September twenty sixth. Shareholders 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 0.35%. Meta Platforms’s payout ratio is 11.49%.
Insider Shopping for and Promoting at Meta Platforms
In different Meta Platforms information, CFO Susan J. Li offered 33,018 shares of Meta Platforms inventory in a transaction that occurred on Tuesday, August twenty seventh. The inventory was offered at a median worth of $517.94, for a complete transaction of $17,101,342.92. The transaction was disclosed in a authorized submitting with the SEC, which is obtainable by this hyperlink. In different information, CEO Mark Zuckerberg offered 150 shares of the enterprise’s inventory in a transaction that occurred on Friday, August 2nd. The inventory was offered at a median worth of $500.49, for a complete worth of $75,073.50. Following the sale, the chief government officer now immediately owns 124,387 shares of the corporate’s inventory, valued at $62,254,449.63. The commerce was a 0.00 % lower of their place. The sale was disclosed in a doc filed with the SEC, which is obtainable by the SEC web site. Additionally, CFO Susan J. Li offered 33,018 shares of the enterprise’s inventory in a transaction that occurred on Tuesday, August twenty seventh. The inventory was offered at a median worth of $517.94, for a complete worth of $17,101,342.92. The disclosure for this sale will be discovered right here. Within the final three months, insiders have offered 250,817 shares of firm inventory valued at $132,547,715. 13.71% of the inventory is at present owned by company insiders.
Analysts Set New Worth Targets
A number of brokerages have weighed in on META. Truist Monetary elevated their worth goal on Meta Platforms from $570.00 to $650.00 and gave the corporate a “purchase” score in a report on Thursday, October tenth. Pivotal Analysis assumed protection on Meta Platforms in a report on Tuesday, October 1st. They issued a “purchase” score and a $780.00 worth goal for the corporate. Loop Capital raised their worth goal on Meta Platforms from $550.00 to $575.00 and gave the inventory a “purchase” score in a report on Tuesday, August sixth. Barclays raised their worth goal on Meta Platforms from $520.00 to $550.00 and gave the inventory an “obese” score in a report on Thursday, August 1st. Lastly, Robert W. Baird raised their worth goal on Meta Platforms from $530.00 to $605.00 and gave the inventory an “outperform” score in a report on Thursday, September twenty sixth. Two equities analysis analysts have rated the inventory with a promote score, three have given a maintain score, thirty-five have assigned a purchase score and two have assigned a powerful purchase score to the corporate. In accordance with MarketBeat.com, the inventory has a median score of “Reasonable Purchase” and a median goal worth of $621.63.
Learn Our Newest 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 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 presents Fb, which permits folks to share, focus on, uncover, and join with pursuits; Instagram, a group for sharing photographs, movies, and personal messages, in addition to feed, tales, reels, video, dwell, and retailers; Messenger, a messaging software for folks to attach with mates, household, communities, and companies throughout platforms and units by textual content, audio, and video calls; and WhatsApp, a messaging software that’s utilized by folks and companies to speak and transact privately.
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