Capital Advisors Inc. OK elevated its stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 1.2% within the third quarter, Holdings Channel.com stories. The agency owned 22,943 shares of the social networking firm’s inventory after shopping for a further 282 shares through the quarter. Capital Advisors Inc. OK’s holdings in Meta Platforms had been value $13,133,000 as of its most up-to-date submitting with the SEC.
Quite a few different hedge funds and different institutional buyers additionally not too long ago made modifications to their positions within the inventory. Gradient Investments LLC grew its place in shares of Meta Platforms by 8.9% through the 2nd quarter. Gradient Investments LLC now owns 72,587 shares of the social networking firm’s inventory valued at $36,600,000 after buying a further 5,953 shares within the final quarter. Stanley Laman Group Ltd. boosted its stake in Meta Platforms by 26.5% through the second quarter. Stanley Laman Group Ltd. now owns 1,678 shares of the social networking firm’s inventory valued at $846,000 after shopping for a further 352 shares through the interval. Cutter & CO Brokerage Inc. grew its place in Meta Platforms by 0.7% through the third quarter. Cutter & CO Brokerage Inc. now owns 9,735 shares of the social networking firm’s inventory value $5,573,000 after shopping for a further 65 shares within the final quarter. Lincoln Nationwide Corp elevated its stake in Meta Platforms by 7.8% within the 1st quarter. Lincoln Nationwide Corp now owns 34,790 shares of the social networking firm’s inventory value $16,894,000 after buying a further 2,504 shares over the past quarter. Lastly, BCGM Wealth Administration LLC raised its holdings in shares of Meta Platforms by 5.3% within the 1st quarter. BCGM Wealth Administration LLC now owns 1,311 shares of the social networking firm’s inventory valued at $637,000 after buying a further 66 shares within the final quarter. 79.91% of the inventory is presently owned by institutional buyers.
Analyst Scores Modifications
A number of analysis analysts not too long ago weighed in on META shares. UBS Group upped their value goal on shares of Meta Platforms from $690.00 to $719.00 and gave the inventory a “purchase” ranking in a analysis report on Thursday, October thirty first. Evercore ISI elevated their value goal on shares of Meta Platforms from $550.00 to $600.00 and gave the inventory an “outperform” ranking in a report on Thursday, August 1st. Monness Crespi & Hardt lifted their value goal on shares of Meta Platforms from $620.00 to $660.00 and gave the inventory a “purchase” ranking in a report on Thursday, October thirty first. Wedbush reiterated an “outperform” ranking and issued a $600.00 goal value on shares of Meta Platforms in a analysis report on Thursday, September twenty sixth. Lastly, Oppenheimer raised their value goal on Meta Platforms from $525.00 to $615.00 and gave the corporate an “outperform” ranking in a analysis report on Thursday, August 1st. Two equities analysis analysts have rated the inventory with a promote ranking, 4 have given a maintain ranking, thirty-five have given a purchase ranking and two have assigned a powerful purchase ranking to the inventory. In response to information from MarketBeat.com, Meta Platforms presently has a mean ranking of “Average Purchase” and a mean goal value of $634.10.
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Insiders Place Their Bets
In different information, insider Jennifer Newstead offered 905 shares of the enterprise’s inventory in a transaction on Friday, August sixteenth. The shares had been offered at a mean value of $532.21, for a complete transaction of $481,650.05. Following the sale, the insider now owns 41,437 shares within the firm, valued at roughly $22,053,185.77. The commerce was a 0.00 % lower of their place. The sale was disclosed in a submitting with the SEC, which is accessible by way of the SEC web site. In different information, insider Jennifer Newstead offered 905 shares of Meta Platforms inventory in a transaction that occurred on Friday, August sixteenth. The shares had been offered at a mean value of $532.21, for a complete transaction of $481,650.05. Following the completion of the transaction, the insider now instantly owns 41,437 shares within the firm, valued at roughly $22,053,185.77. This commerce represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a doc filed with the Securities & Trade Fee, which is accessible by way of the SEC web site. Additionally, CEO Mark Zuckerberg offered 420 shares of the corporate’s inventory in a transaction that occurred on Wednesday, October thirtieth. The inventory was offered at a mean value of $600.17, for a complete worth of $252,071.40. Following the completion of the sale, the chief government officer now owns 518,004 shares within the firm, valued at $310,890,460.68. The commerce was a 0.00 % lower of their place. The disclosure for this sale might be discovered right here. During the last 90 days, insiders offered 250,040 shares of firm inventory value $132,361,588. 13.71% of the inventory is owned by company insiders.
Meta Platforms Buying and selling Down 1.1 %
NASDAQ:META opened at $560.68 on Tuesday. Meta Platforms, Inc. has a 12 month low of $313.66 and a 12 month excessive of $602.95. The corporate has a present ratio of two.73, a fast ratio of two.83 and a debt-to-equity ratio of 0.18. The corporate has a 50-day transferring common value of $556.78 and a 200-day transferring common value of $513.67. The inventory has a market cap of $1.42 trillion, a price-to-earnings ratio of 26.41, a P/E/G ratio of 1.36 and a beta of 1.22.
Meta Platforms (NASDAQ:META – Get Free Report) final posted its quarterly earnings information 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 return on fairness of 35.60% and a web margin of 35.55%. The enterprise had income of $40.59 billion for the quarter, in comparison with analysts’ expectations of $40.21 billion. Equities analysts predict that Meta Platforms, Inc. will publish 21.84 EPS for the present yr.
Meta Platforms Declares Dividend
The corporate additionally not too long ago declared a quarterly dividend, which was paid on Thursday, September twenty sixth. Traders of file on Monday, September sixteenth had been paid a $0.50 dividend. The ex-dividend date was Monday, September sixteenth. This represents a $2.00 annualized dividend and a yield of 0.36%. Meta Platforms’s payout ratio is 9.42%.
About Meta Platforms
Meta Platforms, Inc engages within the growth of merchandise that allow individuals to attach and share with family and friends by way of cellular 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 section presents Fb, which allows individuals to share, focus on, uncover, and join with pursuits; Instagram, a neighborhood for sharing pictures, movies, and personal messages, in addition to feed, tales, reels, video, reside, and outlets; Messenger, a messaging software for individuals to attach with pals, household, communities, and companies throughout platforms and units 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.
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