Fairfield Monetary Advisors LTD grew its holdings in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 3.9% in the course of the third quarter, Holdings Channel.com experiences. The institutional investor owned 725 shares of the social networking firm’s inventory after buying an extra 27 shares in the course of the quarter. Fairfield Monetary Advisors LTD’s holdings in Meta Platforms have been value $415,000 on the finish of the latest quarter.
A variety of different institutional buyers and hedge funds have additionally lately modified their holdings of META. Delos Wealth Advisors LLC boosted its holdings in shares of Meta Platforms by 527.3% in the course of the 1st quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking firm’s inventory value $34,000 after shopping for an extra 58 shares within the final quarter. POM Funding Methods LLC purchased a brand new place in shares of Meta Platforms within the 2nd quarter value $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 an extra 44 shares within the final quarter. Richardson Monetary Providers Inc. lifted its holdings in shares of Meta Platforms by 95.6% within the 1st quarter. Richardson Monetary Providers Inc. now owns 88 shares of the social networking firm’s inventory value $41,000 after buying an extra 43 shares within the final quarter. Lastly, Halpern Monetary Inc. purchased a brand new place in shares of Meta Platforms within the third quarter value $46,000. 79.91% of the inventory is at the moment owned by institutional buyers.
Analyst Upgrades and Downgrades
A variety of equities analysts lately issued experiences on META shares. UBS Group elevated their goal worth on Meta Platforms from $690.00 to $719.00 and gave the inventory a “purchase” score in a report on Thursday. Needham & Firm LLC reiterated an “underperform” score on shares of Meta Platforms in a report on Thursday. Tigress Monetary elevated their goal worth on Meta Platforms from $575.00 to $645.00 and gave the inventory a “strong-buy” score in a report on Friday, August sixteenth. Oppenheimer elevated their goal worth on Meta Platforms from $525.00 to $615.00 and gave the inventory an “outperform” score in a report on Thursday, August 1st. Lastly, Wedbush reissued an “outperform” score and issued a $600.00 worth goal on shares of Meta Platforms in a analysis report on Thursday, September twenty sixth. Two analysts have rated the inventory with a promote score, 4 have issued a maintain score, thirty-five have assigned a purchase score and two have issued a powerful purchase score to the inventory. Based mostly on knowledge from MarketBeat, the corporate at the moment has a median score of “Reasonable Purchase” and a consensus goal worth of $634.10.
Get Our Newest Evaluation on Meta Platforms
Meta Platforms Inventory Down 0.1 %
Shares of NASDAQ META opened at $567.16 on Monday. Meta Platforms, Inc. has a 52 week low of $308.33 and a 52 week excessive of $602.95. The enterprise has a 50-day easy transferring common of $555.99 and a two-hundred day easy transferring common of $513.25. The corporate has a fast ratio of two.83, a present ratio of two.73 and a debt-to-equity ratio of 0.18. The corporate has a market cap of $1.43 trillion, a P/E 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 issued its earnings outcomes on Wednesday, October thirtieth. The social networking firm reported $6.03 EPS for the quarter, topping 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 in the course of the quarter, in comparison with the consensus estimate of $40.21 billion. Analysis analysts anticipate that Meta Platforms, Inc. will put up 21.84 earnings per share for the present fiscal 12 months.
Meta Platforms Dividend Announcement
The agency additionally lately declared a quarterly dividend, which was paid on Thursday, September twenty sixth. Stockholders of file 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 dividend on an annualized foundation and a dividend yield of 0.35%. Meta Platforms’s dividend payout ratio (DPR) is presently 9.42%.
Insider Exercise
In different information, CTO Andrew Bosworth offered 5,057 shares of Meta Platforms inventory in a transaction dated Thursday, August fifteenth. The inventory was offered at a median worth of $526.76, for a complete transaction of $2,663,825.32. Following the completion of the sale, the chief expertise officer now owns 11,990 shares within the firm, valued at roughly $6,315,852.40. This commerce represents a 0.00 % lower of their place. The sale was disclosed in a authorized submitting with the SEC, which could be accessed by way of this hyperlink. In associated information, CFO Susan J. Li offered 8,950 shares of the agency’s inventory in a transaction dated Thursday, August fifteenth. The inventory was offered at a median worth of $526.76, for a complete transaction of $4,714,502.00. Following the transaction, the chief monetary officer now instantly owns 74,579 shares of the corporate’s inventory, valued at roughly $39,285,234.04. This commerce represents a 0.00 % lower of their place. The sale was disclosed in a submitting with the SEC, which is accessible by way of this hyperlink. Additionally, CTO Andrew Bosworth offered 5,057 shares of the agency’s inventory in a transaction dated Thursday, August fifteenth. The shares have been offered at a median worth of $526.76, for a complete worth of $2,663,825.32. Following the transaction, the chief expertise officer now instantly owns 11,990 shares within the firm, valued at roughly $6,315,852.40. This represents a 0.00 % lower of their possession of the inventory. The disclosure for this sale could be discovered right here. Within the final 90 days, insiders offered 251,092 shares of firm inventory value $132,865,496. 13.71% of the inventory is at the moment owned by insiders.
Meta Platforms Profile
Meta Platforms, Inc engages within the improvement of merchandise that allow folks 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 provides Fb, which allows folks to share, talk about, uncover, and join with pursuits; Instagram, a neighborhood for sharing images, movies, and personal messages, in addition to feed, tales, reels, video, dwell, and retailers; Messenger, a messaging software for folks 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 software that’s utilized by folks and companies to speak and transact privately.
Featured Tales
Need to see what different hedge funds are holding META? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META – Free Report).
Obtain Information & Scores for Meta Platforms Every day – Enter your electronic mail tackle under to obtain a concise each day abstract of the most recent information and analysts’ scores for Meta Platforms and associated firms with MarketBeat.com’s FREE each day electronic mail publication.
