2 weeks Ago By ABMN Staff
Meta Platforms, Inc. ( NASDAQ:META – Free Report ) – Investment analysts at DA Davidson dropped their FY2025 EPS estimates for Meta Platforms in a report released on Tuesday, April 15th. DA Davidson analyst G.
Luria now expects that the social networking company will earn $24.40 per share for the year, down from their prior estimate of $28.80.
DA Davidson currently has a “Buy” rating and a $650.00 price target on the stock. The consensus estimate for Meta Platforms’ current full-year earnings is $26.
70 per share. META has been the subject of a number of other reports. Susquehanna lifted their price target on shares of Meta Platforms from $675.
00 to $800.00 and gave the stock a “positive” rating in a research note on Thursday, January 30th. The Goldman Sachs Group lowered their price objective on shares of Meta Platforms from $765.
00 to $685.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Wolfe Research lifted their price target on Meta Platforms from $670.
00 to $730.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Truist Financial decreased their target price on shares of Meta Platforms from $770.
00 to $700.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Arete Research upgraded Meta Platforms to a “hold” rating in a research note on Friday, January 24th.
Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus price target of $684.
10. Meta Platforms Price Performance Shares of Meta Platforms stock opened at $501.48 on Thursday.
The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.
98. Meta Platforms has a one year low of $414.50 and a one year high of $740.
91. The stock has a market cap of $1.27 trillion, a price-to-earnings ratio of 20.
96, a price-to-earnings-growth ratio of 1.42 and a beta of 1.28.
The stock has a 50 day moving average price of $608.14 and a 200-day moving average price of $606.80.
Meta Platforms ( NASDAQ:META – Get Free Report ) last announced its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping the consensus estimate of $6.
75 by $1.27. Meta Platforms had a net margin of 37.
91% and a return on equity of 38.17%. During the same period in the previous year, the firm earned $5.
33 EPS. Institutional Investors Weigh In On Meta Platforms Several large investors have recently bought and sold shares of the stock. Millstone Evans Group LLC purchased a new stake in Meta Platforms in the fourth quarter valued at approximately $40,000.
Avondale Wealth Management acquired a new stake in shares of Meta Platforms in the 4th quarter valued at approximately $41,000. WealthTrak Capital Management LLC acquired a new position in shares of Meta Platforms during the 4th quarter worth $43,000. Marshall & Sterling Wealth Advisors Inc.
purchased a new position in Meta Platforms in the fourth quarter valued at about $45,000. Finally, Stuart Chaussee & Associates Inc. purchased a new position in Meta Platforms in the 4th quarter valued at approximately $47,000.
Hedge funds and other institutional investors own 79.91% of the company’s stock. Insider Activity In related news, COO Javier Olivan sold 413 shares of the business’s stock in a transaction dated Tuesday, January 21st.
The shares were sold at an average price of $618.00, for a total value of $255,234.00.
Following the sale, the chief operating officer now directly owns 16,275 shares in the company, valued at approximately $10,057,950. The trade was a 2.47 % decrease in their position.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link . Also, insider Jennifer Newstead sold 902 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $713.
32, for a total transaction of $643,414.64. Following the transaction, the insider now directly owns 27,488 shares of the company’s stock, valued at $19,607,740.
16. The trade was a 3.18 % decrease in their position.
The disclosure for this sale can be found here . In the last quarter, insiders have sold 379,901 shares of company stock valued at $260,806,516. 13.
71% of the stock is currently owned by insiders. Meta Platforms Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were given a dividend of $0.
525 per share. This is an increase from Meta Platforms’s previous quarterly dividend of $0.50.
The ex-dividend date was Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a yield of 0.
42%. Meta Platforms’s dividend payout ratio (DPR) is presently 8.78%.
About Meta Platforms ( Get Free Report ) 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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