Vance Wealth Inc. raised its place in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 18.8% through the third quarter, HoldingsChannel.com stories. The agency owned 3,414 shares of the social networking firm’s inventory after shopping for a further 541 shares through the quarter. Vance Wealth Inc.’s holdings in Meta Platforms have been price $1,954,000 as of its most up-to-date SEC submitting.
A number of different hedge funds additionally not too long ago purchased and bought shares of META. China Common Asset Administration Co. Ltd. raised its place in Meta Platforms by 48.8% through the first quarter. China Common Asset Administration Co. Ltd. now owns 49,191 shares of the social networking firm’s inventory valued at $23,886,000 after buying a further 16,138 shares within the final quarter. Cypress Asset Administration Inc. TX elevated its stake in shares of Meta Platforms by 541.8% through the 1st quarter. Cypress Asset Administration Inc. TX now owns 3,819 shares of the social networking firm’s inventory price $1,862,000 after buying a further 3,224 shares over the last quarter. Capital Group Non-public Consumer Companies Inc. raised its holdings in shares of Meta Platforms by 39.1% through the 1st quarter. Capital Group Non-public Consumer Companies Inc. now owns 223,025 shares of the social networking firm’s inventory valued at $108,296,000 after buying a further 62,643 shares within the final quarter. Capital Worldwide Sarl elevated its place in Meta Platforms by 5.7% through the first quarter. Capital Worldwide Sarl now owns 292,128 shares of the social networking firm’s inventory price $141,852,000 after shopping for a further 15,864 shares over the last quarter. Lastly, Capital Analysis International Buyers raised its holdings in Meta Platforms by 14.5% through the first quarter. Capital Analysis International Buyers now owns 34,597,001 shares of the social networking firm’s inventory valued at $16,799,612,000 after shopping for a further 4,379,826 shares within the final quarter. 79.91% of the inventory is owned by institutional traders and hedge funds.
Analyst Rankings Modifications
Quite a lot of analysis analysts have not too long ago commented on the corporate. Royal Financial institution of Canada reissued an “outperform” score and set a $570.00 worth goal on shares of Meta Platforms in a report on Thursday, August 1st. Jefferies Monetary Group lifted their worth goal on shares of Meta Platforms from $600.00 to $675.00 and gave the corporate a “purchase” score in a analysis report on Tuesday, October twenty second. Needham & Firm LLC reiterated an “underperform” score on shares of Meta Platforms in a analysis notice on Thursday, October thirty first. Cantor Fitzgerald reiterated an “chubby” score and issued a $670.00 goal worth on shares of Meta Platforms in a report on Wednesday, October sixteenth. Lastly, Guggenheim upped their worth goal on shares of Meta Platforms from $600.00 to $665.00 and gave the corporate a “purchase” score in a report on Monday, October seventh. Two funding analysts have rated the inventory with a promote score, 4 have given a maintain score, thirty-five have issued a purchase score and two have issued a powerful purchase score to the inventory. In line with information from MarketBeat, Meta Platforms has a consensus score of “Reasonable Purchase” and a consensus worth goal of $634.10.
View Our Newest Evaluation on Meta Platforms
Insider Exercise at Meta Platforms
In different information, CFO Susan J. Li bought 33,018 shares of Meta Platforms inventory in a transaction that occurred on Tuesday, August twenty seventh. The shares have been bought at a median worth of $517.94, for a complete transaction of $17,101,342.92. The sale was disclosed in a authorized submitting with the Securities & Change Fee, which is offered at this hyperlink. Additionally, CAO Aaron Anderson bought 731 shares of the enterprise’s inventory in a transaction that occurred on Monday, November 18th. The inventory was bought at a median worth of $557.00, for a complete transaction of $407,167.00. Following the sale, the chief accounting officer now straight owns 3,414 shares of the corporate’s inventory, valued at roughly $1,901,598. This commerce represents a 17.64 % lower of their possession of the inventory. The disclosure for this sale could be discovered right here. Insiders bought a complete of 168,843 shares of firm inventory valued at $92,083,554 over the past quarter. Company insiders personal 13.71% of the corporate’s inventory.
Meta Platforms Buying and selling Down 0.4 %
META inventory opened at $563.09 on Friday. The enterprise has a fifty day transferring common worth of $572.05 and a 200 day transferring common worth of $523.31. The corporate has a debt-to-equity ratio of 0.18, a present ratio of two.73 and a fast ratio of two.73. Meta Platforms, Inc. has a fifty-two week low of $313.66 and a fifty-two week excessive of $602.95. The inventory has a market capitalization of $1.42 trillion, a price-to-earnings ratio of 26.52, a P/E/G ratio of 1.24 and a beta of 1.22.
Meta Platforms (NASDAQ:META – Get Free Report) final introduced its earnings outcomes on Wednesday, October thirtieth. The social networking firm reported $6.03 earnings per share for the quarter, beating analysts’ consensus estimates of $5.19 by $0.84. The corporate had income of $40.59 billion through the quarter, in comparison with analyst estimates of $40.21 billion. Meta Platforms had a return on fairness of 35.60% and a internet margin of 35.55%. Analysts count on that Meta Platforms, Inc. will put up 22.53 EPS for the present fiscal 12 months.
Meta Platforms Dividend Announcement
The enterprise additionally not too long ago declared a quarterly dividend, which was paid on Thursday, September twenty sixth. Stockholders of file on Monday, September sixteenth have 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 dividend yield of 0.36%. Meta Platforms’s dividend payout ratio (DPR) is at present 9.42%.
About Meta Platforms
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, focus on, uncover, and join with pursuits; Instagram, a group for sharing images, movies, and personal messages, in addition to feed, tales, reels, video, reside, and retailers; Messenger, a messaging utility for folks to attach with buddies, household, communities, and companies throughout platforms and gadgets by textual content, audio, and video calls; and WhatsApp, a messaging utility that’s utilized by folks and companies to speak and transact privately.
See Additionally
Wish 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).
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