Seaport Res Ptn Cuts Earnings Estimates for Meta Platforms

Meta Platforms, Inc. (NASDAQ:METAFree Report) – Investment analysts at Seaport Res Ptn cut their FY2025 earnings per share (EPS) estimates for shares of Meta Platforms in a research note issued on Wednesday, January 29th. Seaport Res Ptn analyst A. Kessler now anticipates that the social networking company will post earnings of $25.39 per share for the year, down from their previous estimate of $25.78. The consensus estimate for Meta Platforms’ current full-year earnings is $25.94 per share.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same period last year, the firm posted $5.33 earnings per share.

Other research analysts have also recently issued reports about the company. Morgan Stanley upped their price objective on Meta Platforms from $600.00 to $660.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Piper Sandler boosted their price target on shares of Meta Platforms from $670.00 to $775.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. BMO Capital Markets raised their price objective on Meta Platforms from $530.00 to $610.00 and gave the company a “market perform” rating in a report on Thursday, January 30th. UBS Group upped their target price on Meta Platforms from $736.00 to $786.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, Barclays upped their price objective on Meta Platforms from $630.00 to $705.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $710.83.

View Our Latest Report on Meta Platforms

Meta Platforms Price Performance

Shares of NASDAQ META opened at $704.19 on Monday. The company has a fifty day moving average price of $618.86 and a 200 day moving average price of $570.21. The firm has a market cap of $1.78 trillion, a PE ratio of 29.44, a PEG ratio of 1.47 and a beta of 1.20. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. Meta Platforms has a 1-year low of $414.50 and a 1-year high of $710.79.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.28%. Meta Platforms’s payout ratio is 8.36%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 12,975 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $696.39, for a total transaction of $9,035,660.25. Following the sale, the chief executive officer now owns 210,971 shares of the company’s stock, valued at approximately $146,918,094.69. The trade was a 5.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jennifer Newstead sold 905 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $666.00, for a total value of $602,730.00. Following the completion of the transaction, the insider now owns 29,295 shares of the company’s stock, valued at $19,510,470. The trade was a 3.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 673,878 shares of company stock valued at $416,269,904. Corporate insiders own 13.71% of the company’s stock.

Institutional Trading of Meta Platforms

Several hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC raised its stake in Meta Platforms by 57,001.5% during the third quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company’s stock worth $5,447,975,000 after buying an additional 9,500,444 shares during the last quarter. Integrated Investment Consultants LLC grew its holdings in Meta Platforms by 61,769.3% during the 3rd quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company’s stock worth $2,365,820,000 after acquiring an additional 4,126,190 shares during the period. Strategic Financial Concepts LLC grew its holdings in Meta Platforms by 87,269.8% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,067,659 shares of the social networking company’s stock worth $625,125,000 after acquiring an additional 1,066,437 shares during the period. World Investment Advisors LLC raised its position in shares of Meta Platforms by 4,658.5% in the 3rd quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company’s stock worth $520,662,000 after acquiring an additional 890,434 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Meta Platforms by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock valued at $27,470,870,000 after purchasing an additional 698,884 shares during the period. 79.91% of the stock is currently owned by institutional investors.

About Meta Platforms

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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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Earnings History and Estimates for Meta Platforms (NASDAQ:META)

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