Drive Wealth Administration LLC diminished its stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 2.8% within the third quarter, based on the corporate in its most up-to-date disclosure with the Securities and Alternate Fee. The institutional investor owned 6,717 shares of the social networking firm’s inventory after promoting 193 shares in the course of the interval. Meta Platforms accounts for 1.0% of Drive Wealth Administration LLC’s holdings, making the inventory its 18th greatest holding. Drive Wealth Administration LLC’s holdings in Meta Platforms had been value $3,845,000 as of its most up-to-date submitting with the Securities and Alternate Fee.
A number of different institutional buyers have additionally not too long ago made modifications to their positions within the inventory. Worldwide Belongings Funding Administration LLC grew its place 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 in the course of the interval. Capital Analysis World Buyers raised its stake in shares of Meta Platforms by 14.5% within the first quarter. Capital Analysis World Buyers now owns 34,597,001 shares of the social networking firm’s inventory value $16,799,612,000 after buying a further 4,379,826 shares over the past quarter. Sustainable Development Advisers LP purchased a brand new stake in Meta Platforms in the course of the second quarter value $595,152,000. Canada Pension Plan Funding Board lifted its stake in Meta Platforms by 30.0% in the course of the 1st quarter. Canada Pension Plan Funding Board now owns 3,411,009 shares of the social networking firm’s inventory valued at $1,656,318,000 after buying a further 788,131 shares within the final quarter. Lastly, Healthcare of Ontario Pension Plan Belief Fund grew its stake in shares of Meta Platforms by 926.6% within the 2nd quarter. Healthcare of Ontario Pension Plan Belief Fund now owns 733,358 shares of the social networking firm’s inventory value $369,774,000 after buying a further 661,923 shares within the final quarter. Institutional buyers and hedge funds personal 79.91% of the corporate’s inventory.
Meta Platforms Inventory Up 0.8 %
Shares of NASDAQ:META opened at $565.52 on Thursday. 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.73 and a debt-to-equity ratio of 0.18. The corporate has a 50-day shifting common worth of $571.30 and a 200 day shifting common worth of $523.03. The corporate has a market cap of $1.43 trillion, a price-to-earnings ratio of 26.64, a PEG ratio of 1.23 and a beta of 1.22.
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 for the quarter, topping the consensus estimate of $5.19 by $0.84. The agency had income of $40.59 billion for the quarter, in comparison with the consensus estimate of $40.21 billion. Meta Platforms had a return on fairness of 35.60% and a web margin of 35.55%. As a gaggle, equities analysis analysts predict that Meta Platforms, Inc. will submit 22.53 earnings per share for the present yr.
Meta Platforms Proclaims Dividend
The enterprise additionally not too long ago introduced a quarterly dividend, which was paid on Thursday, September twenty sixth. Shareholders of document 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 dividend payout ratio (DPR) is presently 9.42%.
Insider Exercise
In different Meta Platforms information, COO Javier Olivan offered 413 shares of the corporate’s inventory in a transaction that occurred on Friday, August twenty third. The shares had been offered at a median worth of $536.92, for a complete transaction of $221,747.96. Following the transaction, the chief working officer now owns 14,424 shares within the firm, valued at roughly $7,744,534.08. This represents a 2.78 % lower of their place. The sale was disclosed in a doc filed with the SEC, which might be accessed by the SEC web site. Additionally, CFO Susan J. Li offered 33,018 shares of the agency’s inventory in a transaction 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 might be discovered right here. Within the final three months, insiders have offered 185,958 shares of firm inventory value $101,181,747. 13.71% of the inventory is at present owned by firm insiders.
Wall Avenue Analysts Forecast Development
META has been the topic of a number of latest analyst studies. Financial institution of America upped their goal worth on Meta Platforms from $630.00 to $660.00 and gave the corporate a “purchase” score in a report on Thursday, October thirty first. Royal Financial institution of Canada reissued an “outperform” score and issued a $570.00 goal worth on shares of Meta Platforms in a analysis report on Thursday, August 1st. Rosenblatt Securities reissued a “purchase” score and issued a $811.00 worth goal on shares of Meta Platforms in a report on Thursday, October thirty first. Tigress Monetary lifted their goal worth on shares of Meta Platforms from $575.00 to $645.00 and gave the inventory a “strong-buy” score in a analysis notice on Friday, August sixteenth. Lastly, UBS Group boosted their goal worth on shares of Meta Platforms from $690.00 to $719.00 and gave the corporate a “purchase” score in a report on Thursday, October thirty first. Two analysts have rated the inventory with a promote score, 4 have assigned a maintain score, thirty-five have assigned a purchase score and two have given a robust purchase score to the corporate. In line with information from MarketBeat, the inventory at present has a median score of “Reasonable Purchase” and a consensus worth goal of $634.10.
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Meta Platforms Firm Profile
Meta Platforms, Inc engages within the improvement of merchandise that allow folks to attach and share with family and friends by cellular 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 affords Fb, which allows folks to share, talk about, uncover, and join with pursuits; Instagram, a neighborhood for sharing pictures, movies, and personal messages, in addition to feed, tales, reels, video, reside, and retailers; Messenger, a messaging software for folks to attach with associates, household, communities, and companies throughout platforms and gadgets 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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