Capstone Triton Monetary Group LLC raised its stake in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 2.6% within the third quarter, in response to the corporate in its most up-to-date submitting with the Securities & Alternate Fee. The fund owned 987 shares of the social networking firm’s inventory after buying a further 25 shares throughout the interval. Capstone Triton Monetary Group LLC’s holdings in Meta Platforms had been price $565,000 as of its most up-to-date SEC submitting.
A lot of different hedge funds additionally just lately added to or lowered their stakes in META. Delos Wealth Advisors LLC lifted its holdings in shares of Meta Platforms by 527.3% throughout the first quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking firm’s inventory price $34,000 after buying a further 58 shares throughout the interval. POM Funding Methods LLC acquired a brand new stake in shares of Meta Platforms within the 2nd quarter price $38,000. Ruedi Wealth Administration Inc. boosted its holdings in shares of Meta Platforms by 122.2% within the second quarter. Ruedi Wealth Administration Inc. now owns 80 shares of the social networking firm’s inventory valued at $40,000 after buying a further 44 shares within the final quarter. Halpern Monetary Inc. acquired a brand new place in shares of Meta Platforms throughout the third quarter price about $46,000. Lastly, West Monetary Advisors LLC bought a brand new place in Meta Platforms throughout the third quarter price about $49,000. 79.91% of the inventory is owned by institutional traders and hedge funds.
Analysts Set New Worth Targets
A number of equities analysts have issued studies on the corporate. Deutsche Financial institution Aktiengesellschaft boosted their goal value on Meta Platforms from $525.00 to $585.00 and gave the inventory a “purchase” score in a analysis report on Thursday, August 1st. Truist Monetary elevated their value goal on Meta Platforms from $570.00 to $650.00 and gave the inventory a “purchase” score in a analysis report on Thursday, October tenth. Barclays boosted their goal value on shares of Meta Platforms from $550.00 to $630.00 and gave the inventory an “obese” score in a analysis report on Thursday. Evercore ISI elevated their value goal on shares of Meta Platforms from $550.00 to $600.00 and gave the corporate an “outperform” score in a report on Thursday, August 1st. Lastly, Needham & Firm LLC reissued an “underperform” score on shares of Meta Platforms in a report on Thursday. Two equities analysis analysts have rated the inventory with a promote score, 4 have given a maintain score, thirty-five have given a purchase score and two have issued a robust purchase score to the corporate. Primarily based on information from MarketBeat.com, the corporate has a median score of “Average Purchase” and a consensus goal value of $634.10.
Get Our Newest Evaluation on META
Meta Platforms Buying and selling Down 0.1 %
Shares of META inventory opened at $567.16 on Friday. The agency’s 50-day easy shifting common is $555.99 and its 200-day easy shifting common is $513.12. The corporate has a debt-to-equity ratio of 0.12, a present ratio of two.83 and a fast ratio of two.83. Meta Platforms, Inc. has a 1-year low of $308.33 and a 1-year excessive of $602.95. The agency has a market cap of $1.43 trillion, a P/E ratio of 26.72, a PEG ratio of 1.44 and a beta of 1.22.
Meta Platforms (NASDAQ:META – Get Free Report) final posted its quarterly earnings outcomes on Wednesday, October thirtieth. The social networking firm reported $6.03 earnings per share for the quarter, topping analysts’ consensus estimates of $5.19 by $0.84. Meta Platforms had a internet margin of 35.55% and a return on fairness of 36.26%. The corporate had income of $40.59 billion for the quarter, in comparison with the consensus estimate of $40.21 billion. As a gaggle, equities analysts forecast that Meta Platforms, Inc. will submit 21.47 EPS for the present 12 months.
Meta Platforms Dividend Announcement
The corporate additionally just lately declared a quarterly dividend, which was paid on Thursday, September twenty sixth. Shareholders of report on Monday, September sixteenth got a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized foundation and a yield of 0.35%. The ex-dividend date of this dividend was Monday, September sixteenth. Meta Platforms’s dividend payout ratio (DPR) is presently 9.42%.
Insiders Place Their Bets
In different information, CTO Andrew Bosworth bought 5,057 shares of Meta Platforms inventory in a transaction dated Thursday, August fifteenth. The inventory was bought at a median value of $526.76, for a complete worth of $2,663,825.32. Following the transaction, the chief know-how officer now instantly owns 11,990 shares of the corporate’s inventory, valued at $6,315,852.40. The commerce was a 0.00 % lower of their place. The transaction was disclosed in a doc filed with the SEC, which is obtainable at this hyperlink. In associated information, insider Jennifer Newstead bought 901 shares of the inventory in a transaction on Monday, August fifth. The inventory was bought at a median value 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 within the firm, valued at roughly $15,034,122.60. This represents a 0.00 % lower of their place. The sale was disclosed in a doc filed with the Securities & Alternate Fee, which is accessible by way of the SEC web site. Additionally, CTO Andrew Bosworth bought 5,057 shares of the enterprise’s inventory in a transaction dated Thursday, August fifteenth. The inventory was bought at a median value of $526.76, for a complete worth of $2,663,825.32. Following the transaction, the chief know-how officer now owns 11,990 shares within the firm, valued at roughly $6,315,852.40. This represents a 0.00 % lower of their place. The disclosure for this sale might be discovered right here. Insiders bought 251,993 shares of firm inventory price $133,271,982 during the last three months. 13.71% of the inventory is owned by insiders.
Meta Platforms Firm Profile
Meta Platforms, Inc engages within the improvement of merchandise that allow individuals to attach and share with family and friends by way 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 section provides 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, reside, and retailers; Messenger, a messaging software for individuals to attach with buddies, 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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