Meta Platforms (NASDAQ:META) Trading 1% Higher

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) shares traded up 1% during trading on Monday . The company traded as high as $497.43 and last traded at $490.49. 3,884,373 shares traded hands during trading, a decline of 78% from the average session volume of 17,674,980 shares. The stock had previously closed at $485.58.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Evercore ISI boosted their price objective on Meta Platforms from $425.00 to $550.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Morgan Stanley boosted their target price on Meta Platforms from $375.00 to $550.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on Meta Platforms from $450.00 to $525.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Robert W. Baird boosted their target price on Meta Platforms from $385.00 to $525.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Roth Mkm restated a “buy” rating and issued a $500.00 target price on shares of Meta Platforms in a research note on Monday, March 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus price target of $496.35.

Get Our Latest Stock Report on META

Meta Platforms Trading Up 0.3 %

The stock has a market cap of $1.27 trillion, a P/E ratio of 33.38, a PEG ratio of 1.26 and a beta of 1.20. The firm’s fifty day moving average price is $473.50 and its two-hundred day moving average price is $381.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.67 and a quick ratio of 2.67.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.82 by $0.51. The company had revenue of $40.11 billion during the quarter, compared to analyst estimates of $39.12 billion. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. Meta Platforms’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.00 earnings per share. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 19.94 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 annualized dividend and a yield of 0.40%. Meta Platforms’s dividend payout ratio (DPR) is presently 13.42%.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 490 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $488.03, for a total value of $239,134.70. Following the completion of the sale, the chief operating officer now directly owns 79,944 shares in the company, valued at $39,015,070.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Meta Platforms news, CEO Mark Zuckerberg sold 19,681 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $351.47, for a total value of $6,917,281.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Javier Olivan sold 490 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $488.03, for a total transaction of $239,134.70. Following the completion of the sale, the chief operating officer now owns 79,944 shares of the company’s stock, valued at $39,015,070.32. The disclosure for this sale can be found here. Insiders sold 1,502,805 shares of company stock worth $703,056,383 over the last three months. Company insiders own 14.03% of the company’s stock.

Hedge Funds Weigh In On Meta Platforms

A number of institutional investors and hedge funds have recently made changes to their positions in META. Stone House Investment Management LLC increased its stake in shares of Meta Platforms by 625.0% during the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after purchasing an additional 75 shares in the last quarter. MBM Wealth Consultants LLC bought a new position in shares of Meta Platforms during the fourth quarter valued at approximately $26,000. Stephens Investment Management Group LLC bought a new position in shares of Meta Platforms during the second quarter valued at approximately $30,000. Beaird Harris Wealth Management LLC increased its position in shares of Meta Platforms by 68.9% during the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after acquiring an additional 42 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Meta Platforms during the fourth quarter valued at approximately $32,000. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Company Profile

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Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.

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