David J Yvars Group decreased its place in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 10.7% within the third quarter, in response to the corporate in its most up-to-date 13F submitting with the Securities and Alternate Fee (SEC). The agency owned 1,456 shares of the social networking firm’s inventory after promoting 175 shares through the interval. David J Yvars Group’s holdings in Meta Platforms had been value $834,000 as of its most up-to-date SEC submitting.
Different hedge funds have additionally made modifications to their positions within the firm. Delos Wealth Advisors LLC lifted 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 value $34,000 after buying a further 58 shares over the past quarter. POM Funding Methods LLC acquired a brand new place in shares of Meta Platforms within the 2nd quarter value roughly $38,000. Ruedi Wealth Administration Inc. lifted 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 value $40,000 after buying a further 44 shares over the past quarter. Halpern Monetary Inc. acquired a brand new place in shares of Meta Platforms within the third quarter value roughly $46,000. Lastly, J.Safra Asset Administration Corp acquired a brand new place in shares of Meta Platforms within the 1st quarter value roughly $47,000. Hedge funds and different institutional traders personal 79.91% of the corporate’s inventory.
Analysts Set New Worth Targets
A number of brokerages have just lately commented on META. Morgan Stanley upped their worth goal on shares of Meta Platforms from $550.00 to $575.00 and gave the inventory an “obese” ranking in a report on Thursday, August 1st. KeyCorp upped their worth goal on shares of Meta Platforms from $560.00 to $655.00 and gave the inventory an “obese” ranking in a report on Wednesday, October ninth. Truist Monetary elevated their goal worth on shares of Meta Platforms from $570.00 to $650.00 and gave the inventory a “purchase” ranking in a report on Thursday, October tenth. JPMorgan Chase & Co. elevated their goal worth on shares of Meta Platforms from $640.00 to $660.00 and gave the inventory an “obese” ranking in a report on Thursday, October thirty first. Lastly, Cantor Fitzgerald reiterated an “obese” ranking and set a $670.00 goal worth on shares of Meta Platforms in a report on Wednesday, October sixteenth. 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 powerful purchase ranking to the corporate’s inventory. Primarily based on information from MarketBeat, the inventory presently has a median ranking of “Reasonable Purchase” and a median worth goal of $634.10.
Test Out Our Newest Inventory Report on META
Meta Platforms Inventory Down 0.4 %
Meta Platforms inventory opened at $589.34 on Friday. The corporate has a 50-day easy transferring common of $561.78 and a 200-day easy transferring common of $516.13. The agency has a market capitalization of $1.49 trillion, a P/E ratio of 27.76, a P/E/G ratio of 1.27 and a beta of 1.22. The corporate has a debt-to-equity ratio of 0.18, a fast ratio of two.73 and a present ratio of two.73. Meta Platforms, Inc. has a one yr low of $313.66 and a one yr 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 return on fairness of 35.60% and a internet margin of 35.55%. The corporate had income of $40.59 billion for the quarter, in comparison with analysts’ expectations of $40.21 billion. As a gaggle, equities analysts anticipate that Meta Platforms, Inc. will publish 22.53 earnings per share for the present yr.
Meta Platforms Publicizes Dividend
The corporate additionally just lately introduced a quarterly dividend, which was paid on Thursday, September twenty sixth. Buyers of report on Monday, September sixteenth had been paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, September sixteenth. This represents a $2.00 annualized dividend and a yield of 0.34%. Meta Platforms’s dividend payout ratio is at the moment 9.42%.
Insider Exercise at Meta Platforms
In associated information, insider Jennifer Newstead offered 905 shares of the inventory in a transaction on Tuesday, September tenth. The inventory was offered at a median worth of $507.63, for a complete worth of $459,405.15. Following the completion of the transaction, the insider now owns 37,817 shares within the firm, valued at $19,197,043.71. This commerce represents a 0.00 % lower of their place. The transaction was disclosed in a doc filed with the SEC, which may be accessed by means of the SEC web site. In associated information, insider Jennifer Newstead offered 905 shares of the inventory in a transaction on Tuesday, September tenth. The inventory was offered at a median worth of $507.63, for a complete worth of $459,405.15. Following the completion of the transaction, the insider now owns 37,817 shares within the firm, valued at $19,197,043.71. This commerce represents a 0.00 % lower of their place. The transaction was disclosed in a doc filed with the SEC, which may be accessed by means of the SEC web site. Additionally, CEO Mark Zuckerberg offered 16,702 shares of the inventory in a transaction on Monday, August twelfth. The shares had been offered at a median worth of $514.89, for a complete worth of $8,599,692.78. Following the completion of the transaction, the chief govt officer now owns 89,927 shares of the corporate’s inventory, valued at $46,302,513.03. This commerce represents a 0.00 % lower of their place. The disclosure for this sale may be discovered right here. Insiders offered 228,118 shares of firm inventory valued at $121,237,935 during the last 90 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 means 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 allows individuals to share, talk about, uncover, and join with pursuits; Instagram, a group for sharing photographs, 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 units by means of textual content, audio, and video calls; and WhatsApp, a messaging software that’s utilized by individuals and companies to speak and transact privately.
See Additionally
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