Congress Wealth Control LLC DE boosted its place in Meta Platforms, Inc. (NASDAQ:META – Loose Record) via 40.8% all through the 3rd quarter, consistent with its most up-to-date 13F submitting with the SEC. The company owned 8,204 stocks of the social networking corporate’s inventory after obtaining an extra 2,376 stocks all through the length. Congress Wealth Control LLC DE’s holdings in Meta Platforms have been value $2,463,000 as of its most up-to-date SEC submitting.

Quite a lot of different hedge finances and different institutional buyers have additionally added to or diminished their stakes in META. Stephens Funding Control Team LLC purchased a brand new stake in stocks of Meta Platforms all through the second one quarter valued at about $30,000. Altshuler Shaham Ltd purchased a brand new stake in stocks of Meta Platforms all through the second one quarter valued at about $30,000. E Fund Control Hong Kong Co. Ltd. purchased a brand new stake in stocks of Meta Platforms all through the 3rd quarter valued at about $40,000. Hibernia Wealth Companions LLC purchased a brand new stake in stocks of Meta Platforms all through the 3rd quarter valued at about $47,000. In the end, Sanctuary Wealth Control L.L.C. purchased a brand new stake in stocks of Meta Platforms all through the second one quarter valued at about $45,000. 62.87% of the inventory is these days owned via institutional buyers.

Wall Side road Analyst Weigh In

META has been the topic of a number of fresh analyst studies. Wedbush boosted their payment purpose on Meta Platforms from $350.00 to $420.00 and gave the inventory an “outperform” score in a document on Wednesday, December twenty seventh. JMP Securities reissued a “marketplace outperform” score and issued a $380.00 goal payment on stocks of Meta Platforms in a analysis be aware on Thursday, September twenty eighth. Barclays reduce their goal payment on Meta Platforms from $410.00 to $400.00 and set an “obese” score at the inventory in a analysis be aware on Thursday, October twenty sixth. KeyCorp larger their goal payment on Meta Platforms from $356.00 to $380.00 and gave the inventory an “obese” score in a analysis be aware on Thursday, October twenty sixth. In the end, Citigroup reaffirmed a “purchase” score and set a $385.00 payment purpose on stocks of Meta Platforms in a analysis document on Friday, September twenty second. Two analysts have rated the inventory with a promote score, 4 have assigned a cling score, forty-two have issued a purchase score and two have given a powerful purchase score to the corporate. In response to knowledge from MarketBeat, the corporate these days has a mean score of “Average Purchase” and a mean goal payment of $358.07.

Learn Our Newest Record on Meta Platforms

Meta Platforms Inventory Up 1.3 %

Stocks of META opened at $374.49 on Monday. The corporate has a present ratio of two.57, a snappy ratio of two.57 and a debt-to-equity ratio of 0.13. Meta Platforms, Inc. has a 12-month low of $132.14 and a 12-month top of $377.06. The industry’s 50 day shifting moderate is $340.18 and its 200 day shifting moderate is $316.33. The corporate has a marketplace capitalization of $962.39 billion, a PE ratio of 33.05, a price-to-earnings-growth ratio of one.00 and a beta of one.22.

Meta Platforms (NASDAQ:META – Get Loose Record) remaining launched its quarterly income knowledge on Wednesday, October twenty fifth. The social networking corporate reported $4.39 income according to proportion (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 via $0.77. Meta Platforms had a go back on fairness of 26.40% and a web margin of 23.42%. The industry had earnings of $34.15 billion for the quarter, in comparison to the consensus estimate of $33.58 billion. Right through the similar quarter within the earlier yr, the corporate posted $1.64 EPS. The corporate’s earnings used to be up 23.2% in comparison to the similar quarter remaining yr. Analysis analysts be expecting that Meta Platforms, Inc. will submit 14.34 income according to proportion for the present fiscal yr.

Insiders Position Their Bets

In different information, CEO Mark Zuckerberg bought 47,690 stocks of Meta Platforms inventory in a transaction that came about on Friday, December twenty second. The inventory used to be bought at a mean payment of $354.08, for a complete worth of $16,886,075.20. The sale used to be disclosed in a prison submitting with the Securities & Alternate Fee, which is out there via the SEC web site. In comparable information, CEO Mark Zuckerberg bought 47,690 stocks of the industry’s inventory in a transaction on Friday, December twenty second. The inventory used to be bought at a mean payment of $354.08, for a complete transaction of $16,886,075.20. The transaction used to be disclosed in a prison submitting with the Securities & Alternate Fee, which is to be had at this link. Additionally, insider Jennifer Newstead bought 566 stocks of the corporate’s inventory in a transaction on Tuesday, January ninth. The stocks have been bought at a mean payment of $356.40, for a complete worth of $201,722.40. Following the final touch of the transaction, the insider now immediately owns 36,418 stocks within the corporate, valued at roughly $12,979,375.20. The disclosure for this sale may also be discovered right here. Insiders have bought a complete of 744,978 stocks of corporate inventory valued at $250,659,740 within the remaining quarter. 14.03% of the inventory is these days owned via insiders.

Meta Platforms Profile

(Loose Record)

Meta Platforms, Inc engages within the construction of goods that allow folks to attach and proportion with family and friends via cell gadgets, private computer systems, digital fact headsets, and wearables international. It operates in two segments, Circle of relatives of Apps and Fact Labs. The Circle of relatives of Apps phase provides Fb, which allows folks to proportion, speak about, uncover, and connect to pursuits; Instagram, a neighborhood for sharing pictures, movies, and personal messages, in addition to feed, tales, reels, video, reside, and retail outlets; Messenger, a messaging utility for folks to hook up with pals, circle of relatives, communities, and companies throughout platforms and gadgets via textual content, audio, and video calls; and WhatsApp, a messaging utility this is utilized by folks and companies to keep up a correspondence and transact privately.

Learn Extra

Obtain Information & Rankings for Meta Platforms Day by day – Input your e-mail cope with beneath to obtain a concise day by day abstract of the most recent information and analysts’ scores for Meta Platforms and comparable firms with MarketBeat.com’s FREE day by day e-mail publication.