Meta Platforms, Inc. (NASDAQ:META – Free Report) – Equities research analysts at Cantor Fitzgerald issued their FY2025 earnings estimates for shares of Meta Platforms in a research report issued on Tuesday, January 21st. Cantor Fitzgerald analyst D. Mathivanan forecasts that the social networking company will earn $25.53 per share for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $670.00 price objective on the stock. The consensus estimate for Meta Platforms’ current full-year earnings is $22.96 per share.
META has been the subject of several other reports. Hsbc Global Res upgraded shares of Meta Platforms to a “hold” rating in a research report on Thursday, October 24th. Barclays boosted their price objective on shares of Meta Platforms from $550.00 to $630.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. UBS Group lifted their price target on Meta Platforms from $690.00 to $719.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Piper Sandler upped their price objective on Meta Platforms from $650.00 to $670.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Finally, Jefferies Financial Group lifted their target price on Meta Platforms from $675.00 to $715.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $651.27.
Meta Platforms Stock Up 0.6 %
META stock opened at $616.46 on Wednesday. Meta Platforms has a 52 week low of $381.16 and a 52 week high of $638.40. The business has a 50-day simple moving average of $598.00 and a 200 day simple moving average of $558.31. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.56 trillion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19.
Meta Platforms (NASDAQ:META – Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, topping analysts’ consensus estimates of $5.19 by $0.84. The firm had revenue of $40.59 billion for the quarter, compared to analyst estimates of $40.21 billion. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in META. Fiera Capital Corp increased its holdings in Meta Platforms by 35.1% during the 2nd quarter. Fiera Capital Corp now owns 27,272 shares of the social networking company’s stock worth $13,751,000 after purchasing an additional 7,089 shares in the last quarter. Evolutionary Tree Capital Management LLC grew its holdings in Meta Platforms by 19.0% during the second quarter. Evolutionary Tree Capital Management LLC now owns 6,391 shares of the social networking company’s stock worth $3,222,000 after buying an additional 1,022 shares in the last quarter. Kowal Investment Group LLC raised its position in Meta Platforms by 14.6% in the 2nd quarter. Kowal Investment Group LLC now owns 4,580 shares of the social networking company’s stock valued at $2,310,000 after buying an additional 585 shares during the last quarter. Circle Wealth Management LLC lifted its stake in Meta Platforms by 41.1% during the 2nd quarter. Circle Wealth Management LLC now owns 14,603 shares of the social networking company’s stock valued at $7,363,000 after acquiring an additional 4,254 shares in the last quarter. Finally, Holderness Investments Co. boosted its holdings in Meta Platforms by 3.4% during the 2nd quarter. Holderness Investments Co. now owns 5,265 shares of the social networking company’s stock worth $2,655,000 after acquiring an additional 171 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, CEO Mark Zuckerberg sold 35,921 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $633.25, for a total value of $22,746,973.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Susan J. Li sold 8,951 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $577.16, for a total transaction of $5,166,159.16. Following the sale, the chief financial officer now owns 51,591 shares of the company’s stock, valued at $29,776,261.56. This trade represents a 14.78 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 531,190 shares of company stock worth $322,938,501. 13.71% of the stock is currently owned by company insiders.
Meta Platforms Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s dividend payout ratio is presently 9.42%.
Meta Platforms Company Profile
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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