Roth Mkm Boosts Meta Platforms (NASDAQ:META) Price Target to $510.00

Meta Platforms (NASDAQ:META) had its price target lifted by Roth Mkm from $500.00 to $510.00 in a report released on Thursday, Benzinga reports. Roth Mkm currently has a buy rating on the social networking company’s stock.

Several other equities research analysts also recently commented on the company. Tigress Financial boosted their price objective on Meta Platforms from $435.00 to $575.00 and gave the company a strong-buy rating in a report on Friday, February 9th. Barclays boosted their price objective on Meta Platforms from $400.00 to $550.00 and gave the company an overweight rating in a report on Friday, February 2nd. Jefferies Financial Group decreased their price objective on Meta Platforms from $585.00 to $540.00 and set a buy rating for the company in a report on Thursday. Morgan Stanley lifted their target price on Meta Platforms from $375.00 to $550.00 and gave the company an overweight rating in a research report on Friday, February 2nd. Finally, Wells Fargo & Company cut their target price on Meta Platforms from $609.00 to $600.00 and set an overweight rating on the stock in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Meta Platforms currently has a consensus rating of Moderate Buy and a consensus target price of $509.18.

Meta Platforms Trading Up 0.4 %

Shares of META stock opened at $443.29 on Thursday. The company has a market cap of $1.13 trillion, a P/E ratio of 25.46, a PEG ratio of 1.13 and a beta of 1.20. The stock has a 50 day simple moving average of $494.48 and a two-hundred day simple moving average of $404.85. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.68. Meta Platforms has a fifty-two week low of $229.85 and a fifty-two week high of $531.49.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. The business had revenue of $36.46 billion during the quarter, compared to the consensus estimate of $36.28 billion. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. Research analysts forecast that Meta Platforms will post 20.2 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, February 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.45%. Meta Platforms’s payout ratio is 11.49%.

Insider Activity at Meta Platforms

In related news, CEO Mark Zuckerberg sold 97,093 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $469.67, for a total transaction of $45,601,669.31. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Mark Zuckerberg sold 97,093 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $469.67, for a total transaction of $45,601,669.31. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Susan J. Li sold 10,956 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $473.28, for a total value of $5,185,255.68. Following the sale, the chief financial officer now owns 76,398 shares in the company, valued at $36,157,645.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,349,148 shares of company stock worth $649,552,559. 13.75% of the stock is owned by company insiders.

Hedge Funds Weigh In On Meta Platforms

A number of institutional investors have recently added to or reduced their stakes in the business. S.A. Mason LLC increased its stake in Meta Platforms by 1.5% in the 1st quarter. S.A. Mason LLC now owns 1,328 shares of the social networking company’s stock worth $645,000 after acquiring an additional 20 shares during the last quarter. Horizon Bancorp Inc. IN increased its stake in Meta Platforms by 2.0% in the 1st quarter. Horizon Bancorp Inc. IN now owns 1,057 shares of the social networking company’s stock worth $513,000 after acquiring an additional 21 shares during the last quarter. Hanson & Doremus Investment Management increased its stake in Meta Platforms by 5.3% in the 1st quarter. Hanson & Doremus Investment Management now owns 435 shares of the social networking company’s stock worth $211,000 after acquiring an additional 22 shares during the last quarter. LongView Wealth Management increased its position in shares of Meta Platforms by 1.3% during the 1st quarter. LongView Wealth Management now owns 1,762 shares of the social networking company’s stock valued at $856,000 after purchasing an additional 22 shares during the last quarter. Finally, Madison Wealth Partners Inc increased its position in shares of Meta Platforms by 1.6% during the 4th quarter. Madison Wealth Partners Inc now owns 1,417 shares of the social networking company’s stock valued at $502,000 after purchasing an additional 23 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

About Meta Platforms

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.