UBS Group Boosts Meta Platforms (NASDAQ:META) Price Target to $530.00

Meta Platforms (NASDAQ:METAFree Report) had its price target boosted by UBS Group from $425.00 to $530.00 in a report published on Friday, MarketBeat reports. They currently have a buy rating on the social networking company’s stock.

Other analysts have also recently issued research reports about the company. Monness Crespi & Hardt raised their price objective on Meta Platforms from $370.00 to $540.00 and gave the stock a buy rating in a research report on Friday. Wedbush lifted their price target on Meta Platforms from $420.00 to $520.00 and gave the company an outperform rating in a research note on Friday. Jefferies Financial Group boosted their price objective on Meta Platforms from $425.00 to $455.00 and gave the stock a buy rating in a research note on Monday, January 29th. Morgan Stanley boosted their target price on Meta Platforms from $375.00 to $550.00 and gave the stock an overweight rating in a report on Friday. Finally, 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 report on Friday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, forty have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $491.03.

View Our Latest Stock Report on META

Meta Platforms Trading Down 3.3 %

Shares of NASDAQ:META opened at $459.41 on Friday. The company has a market cap of $1.18 trillion, a P/E ratio of 30.83, a PEG ratio of 1.27 and a beta of 1.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.67 and a quick ratio of 2.57. Meta Platforms has a 1 year low of $167.66 and a 1 year high of $485.96. The stock’s fifty day moving average price is $360.81 and its 200-day moving average price is $327.26.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, topping analysts’ consensus estimates of $4.82 by $0.51. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The business had revenue of $40.11 billion during the quarter, compared to analysts’ expectations of $39.12 billion. During the same quarter in the prior year, the business posted $3.00 earnings per share. The business’s quarterly revenue was up 24.7% on a year-over-year basis. Sell-side analysts expect that Meta Platforms will post 17.73 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Wednesday, February 21st.

Insider Transactions at Meta Platforms

In other news, CTO Andrew Bosworth sold 8,031 shares of Meta Platforms stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $336.31, for a total transaction of $2,700,905.61. Following the completion of the sale, the chief technology officer now owns 15,013 shares in the company, valued at approximately $5,049,022.03. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CTO Andrew Bosworth sold 8,031 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $336.31, for a total transaction of $2,700,905.61. Following the completion of the transaction, the chief technology officer now owns 15,013 shares in the company, valued at $5,049,022.03. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 28,009 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $318.11, for a total transaction of $8,909,942.99. The disclosure for this sale can be found here. Insiders sold a total of 911,357 shares of company stock worth $319,948,949 in the last quarter. 14.03% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of META. Stone House Investment Management LLC boosted its holdings in shares of Meta Platforms by 625.0% in the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after buying an additional 75 shares during the period. Gilfoyle & Co LLC acquired a new position in shares of Meta Platforms in the fourth quarter valued at approximately $39,000. Cranbrook Wealth Management LLC boosted its holdings in shares of Meta Platforms by 80.4% in the fourth quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock valued at $36,000 after buying an additional 45 shares during the period. Beaird Harris Wealth Management LLC boosted its holdings in shares of Meta Platforms by 68.9% in the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after buying an additional 42 shares during the period. Finally, Stephens Investment Management Group LLC acquired a new position in shares of Meta Platforms in the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 62.87% of the company’s stock.

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.

Read More

Analyst Recommendations for Meta Platforms (NASDAQ:META)

Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.