Harbor Capital Advisors Inc. boosted its place in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 1.1% within the third quarter, HoldingsChannel.com reviews. The institutional investor owned 24,451 shares of the social networking firm’s inventory after buying a further 267 shares through the quarter. Meta Platforms includes roughly 0.6% of Harbor Capital Advisors Inc.’s portfolio, making the inventory its twenty fifth largest holding. Harbor Capital Advisors Inc.’s holdings in Meta Platforms had been price $13,997,000 on the finish of the newest reporting interval.
Quite a lot of different institutional traders have additionally added to or lowered their stakes in META. Delos Wealth Advisors LLC lifted its stake in shares of 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 shopping for a further 58 shares within the final quarter. POM Funding Methods LLC purchased a brand new place in Meta Platforms within the 2nd quarter valued at about $38,000. Ruedi Wealth Administration Inc. boosted its stake in Meta Platforms by 122.2% through the 2nd 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 over the past quarter. Halpern Monetary Inc. purchased a brand new stake in Meta Platforms through the third quarter price roughly $46,000. Lastly, West Monetary Advisors LLC bought a brand new stake in shares of Meta Platforms within the third quarter price roughly $49,000. 79.91% of the inventory is owned by institutional traders and hedge funds.
Analysts Set New Value Targets
META has been the subject of a number of analyst reviews. The Goldman Sachs Group lifted their goal value on Meta Platforms from $555.00 to $636.00 and gave the corporate a “purchase” ranking in a analysis report on Monday, October 14th. Wedbush reiterated an “outperform” ranking and issued a $600.00 goal value on shares of Meta Platforms in a analysis be aware on Thursday, September twenty sixth. Susquehanna raised their value goal on shares of Meta Platforms from $600.00 to $675.00 and gave the corporate a “constructive” ranking in a analysis report on Thursday, October thirty first. Monness Crespi & Hardt upped their value goal on shares of Meta Platforms from $620.00 to $660.00 and gave the inventory a “purchase” ranking in a analysis report on Thursday, October thirty first. Lastly, Cantor Fitzgerald reiterated an “obese” ranking and issued a $670.00 value goal on shares of Meta Platforms in a analysis be aware 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 issued a robust purchase ranking to the corporate’s inventory. Primarily based on knowledge from MarketBeat.com, the inventory presently has a mean ranking of “Average Purchase” and a mean goal value of $634.10.
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Insider Transactions at Meta Platforms
In different Meta Platforms information, CFO Susan J. Li bought 33,018 shares of the agency’s inventory in a transaction dated Tuesday, August twenty seventh. The inventory was bought at a mean value of $517.94, for a complete transaction of $17,101,342.92. The transaction was disclosed in a submitting with the SEC, which is accessible by way of this hyperlink. In different Meta Platforms information, CFO Susan J. Li bought 8,950 shares of the corporate’s inventory in a transaction that occurred on Thursday, August fifteenth. The inventory was bought at a mean value of $526.76, for a complete worth of $4,714,502.00. Following the completion of the sale, the chief monetary officer now 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 sale was disclosed in a submitting with the Securities & Change Fee, which is offered by way of the SEC web site. Additionally, CFO Susan J. Li bought 33,018 shares of Meta Platforms inventory in a transaction that occurred on Tuesday, August twenty seventh. The inventory was bought at a mean value of $517.94, for a complete transaction of $17,101,342.92. The disclosure for this sale could be discovered right here. Within the final ninety days, insiders bought 243,919 shares of firm inventory valued at $129,296,067. Insiders personal 13.71% of the corporate’s inventory.
Meta Platforms Value Efficiency
Shares of NASDAQ META opened at $572.43 on Wednesday. The inventory’s 50-day easy shifting common is $556.78 and its two-hundred day easy shifting common is $513.67. Meta Platforms, Inc. has a twelve month low of $313.66 and a twelve month excessive of $602.95. The agency has a market capitalization of $1.45 trillion, a P/E ratio of 26.96, a P/E/G ratio of 1.26 and a beta of 1.22. The corporate has a fast ratio of two.73, a present ratio of two.73 and a debt-to-equity ratio of 0.18.
Meta Platforms (NASDAQ:META – Get Free Report) final posted its quarterly earnings knowledge 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. Meta Platforms had a internet margin of 35.55% and a return on fairness of 35.60%. The corporate had income of $40.59 billion for the quarter, in comparison with analysts’ expectations of $40.21 billion. As a bunch, equities analysts anticipate that Meta Platforms, Inc. will publish 22.44 EPS for the present fiscal yr.
Meta Platforms Dividend Announcement
The enterprise additionally lately disclosed a quarterly dividend, which was paid on Thursday, September twenty sixth. Stockholders of report on Monday, September sixteenth got a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend 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 Firm 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 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 phase provides Fb, which allows folks to share, focus on, uncover, and join with pursuits; Instagram, a neighborhood for sharing photographs, movies, and personal messages, in addition to feed, tales, reels, video, dwell, and outlets; Messenger, a messaging software for folks to attach with associates, 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 folks and companies to speak and transact privately.
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