Congress Asset Administration Co. elevated its stake in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 0.7% in the course of the third quarter, HoldingsChannel studies. The fund owned 340,762 shares of the social networking firm’s inventory after buying a further 2,465 shares in the course of the quarter. Meta Platforms makes up about 1.3% of Congress Asset Administration Co.’s portfolio, making the inventory its sixth greatest holding. Congress Asset Administration Co.’s holdings in Meta Platforms have been price $195,066,000 on the finish of the latest reporting interval.
Numerous different hedge funds have additionally lately purchased and offered shares of META. Delos Wealth Advisors LLC elevated its stake in Meta Platforms by 527.3% within the first quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking firm’s inventory valued at $34,000 after buying a further 58 shares in the course of the interval. POM Funding Methods LLC purchased a brand new stake in shares of Meta Platforms within the 2nd quarter valued at roughly $38,000. Ruedi Wealth Administration Inc. raised its holdings in shares of Meta Platforms by 122.2% within the 2nd quarter. Ruedi Wealth Administration Inc. now owns 80 shares of the social networking firm’s inventory price $40,000 after shopping for a further 44 shares within the final quarter. Richardson Monetary Providers Inc. boosted its stake in Meta Platforms by 95.6% within the 1st quarter. Richardson Monetary Providers Inc. now owns 88 shares of the social networking firm’s inventory valued at $41,000 after shopping for a further 43 shares within the final quarter. Lastly, Halpern Monetary Inc. purchased a brand new stake in Meta Platforms within the third quarter valued at $46,000. 79.91% of the inventory is owned by institutional buyers.
Insider Shopping for and Promoting at Meta Platforms
In different information, CFO Susan J. Li offered 8,950 shares of the corporate’s inventory in a transaction dated Thursday, August fifteenth. The inventory was offered at a median value of $526.76, for a complete transaction of $4,714,502.00. Following the completion of the transaction, the chief monetary officer now straight owns 74,579 shares of the corporate’s inventory, valued at $39,285,234.04. This represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a submitting with the Securities & Change Fee, which is on the market at this hyperlink. In different Meta Platforms information, CFO Susan J. Li offered 8,950 shares of Meta Platforms inventory in a transaction on Thursday, August fifteenth. The shares have been offered at a median value of $526.76, for a complete worth of $4,714,502.00. Following the sale, the chief monetary officer now straight owns 74,579 shares within the firm, valued at roughly $39,285,234.04. The commerce was a 0.00 % lower of their place. The sale was disclosed in a submitting with the Securities & Change Fee, which is accessible by way of this hyperlink. Additionally, CTO Andrew Bosworth offered 5,057 shares of the enterprise’s inventory in a transaction dated Thursday, August fifteenth. The inventory was offered at a median value of $526.76, for a complete transaction of $2,663,825.32. Following the sale, the chief expertise officer now straight owns 11,990 shares within the firm, valued at $6,315,852.40. This commerce represents a 0.00 % lower of their possession of the inventory. The disclosure for this sale will be discovered right here. Insiders have offered 251,092 shares of firm inventory valued at $132,865,496 within the final 90 days. 13.71% of the inventory is presently owned by firm insiders.
Analysts Set New Value Targets
META has been the subject of a number of current analyst studies. Raymond James boosted their goal value on shares of Meta Platforms from $600.00 to $650.00 and gave the corporate a “strong-buy” ranking in a analysis notice on Thursday, October tenth. Roth Mkm upped their value goal on shares of Meta Platforms from $620.00 to $635.00 and gave the inventory a “purchase” ranking in a analysis notice on Thursday. Benchmark reissued a “maintain” ranking on shares of Meta Platforms in a report on Thursday, July twenty fifth. Hsbc International Res raised Meta Platforms to a “maintain” ranking in a analysis notice on Thursday, October twenty fourth. Lastly, Morgan Stanley lifted their value goal on Meta Platforms from $550.00 to $575.00 and gave the corporate an “chubby” ranking in a report on Thursday, August 1st. 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 given a powerful purchase ranking to the corporate. In keeping with MarketBeat.com, the corporate presently has a consensus ranking of “Reasonable Purchase” and a consensus goal value of $634.10.
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Meta Platforms Value Efficiency
Shares of META opened at $567.16 on Monday. The inventory has a 50 day easy shifting common of $555.99 and a 200 day easy shifting common of $513.25. Meta Platforms, Inc. has a 52-week low of $308.33 and a 52-week excessive of $602.95. The corporate has a debt-to-equity ratio of 0.18, a fast ratio of two.83 and a present ratio of two.73. The agency has a market capitalization of $1.43 trillion, a PE ratio of 26.72, a P/E/G ratio of 1.36 and a beta of 1.22.
Meta Platforms (NASDAQ:META – Get Free Report) final launched its quarterly earnings outcomes 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 web margin of 35.55% and a return on fairness of 35.60%. The corporate had income of $40.59 billion in the course of the quarter, in comparison with analysts’ expectations of $40.21 billion. Promote-side analysts predict that Meta Platforms, Inc. will submit 21.84 EPS for the present fiscal 12 months.
Meta Platforms Dividend Announcement
The corporate additionally lately introduced a quarterly dividend, which was paid on Thursday, September twenty sixth. Shareholders of report on Monday, September sixteenth have been issued 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%.
Meta Platforms Profile
Meta Platforms, Inc engages within the growth of merchandise that allow individuals to attach and share with family and friends by way of cell 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 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, stay, and outlets; Messenger, a messaging utility 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 utility that’s utilized by individuals and companies to speak and transact privately.
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