Jefferies Financial Group Boosts Meta Platforms (NASDAQ:META) Price Target to $455.00

Meta Platforms (NASDAQ:METAFree Report) had its target price lifted by Jefferies Financial Group from $425.00 to $455.00 in a research report sent to investors on Monday, Benzinga reports. Jefferies Financial Group currently has a buy rating on the social networking company’s stock.

META has been the topic of a number of other reports. Royal Bank of Canada reaffirmed an outperform rating and set a $400.00 target price on shares of Meta Platforms in a report on Monday, January 22nd. Roth Mkm lifted their price target on Meta Platforms from $360.00 to $365.00 and gave the stock a buy rating in a research note on Thursday, October 26th. Mizuho lifted their price target on Meta Platforms from $400.00 to $470.00 and gave the stock a buy rating in a research note on Wednesday, January 10th. BMO Capital Markets started coverage on Meta Platforms in a research note on Tuesday, January 9th. They issued a market perform rating and a $397.00 price target on the stock. Finally, JMP Securities lifted their price target on Meta Platforms from $380.00 to $410.00 and gave the stock a market outperform rating in a research note on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, forty-one have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Meta Platforms has a consensus rating of Moderate Buy and a consensus price target of $371.35.

Read Our Latest Stock Report on Meta Platforms

Meta Platforms Price Performance

Shares of NASDAQ META opened at $390.14 on Monday. Meta Platforms has a 1-year low of $147.06 and a 1-year high of $406.36. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.57 and a quick ratio of 2.57. The business’s fifty day moving average price is $354.51 and its two-hundred day moving average price is $324.36. The firm has a market capitalization of $1.00 trillion, a PE ratio of 34.43, a P/E/G ratio of 1.07 and a beta of 1.22.

Insider Activity at Meta Platforms

In related news, CTO Andrew Bosworth sold 8,031 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $336.31, for a total value of $2,700,905.61. Following the sale, the chief technology officer now owns 15,013 shares of the company’s stock, valued at approximately $5,049,022.03. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CTO Andrew Bosworth sold 8,031 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $336.31, for a total value of $2,700,905.61. Following the sale, the chief technology officer now owns 15,013 shares of the company’s stock, valued at approximately $5,049,022.03. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Mark Zuckerberg sold 28,009 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $316.16, for a total value of $8,855,325.44. The disclosure for this sale can be found here. Insiders have sold a total of 939,458 shares of company stock valued at $328,784,197 in the last 90 days. 14.03% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Meta Platforms

Institutional investors and hedge funds have recently bought and sold shares of the business. Stone House Investment Management LLC boosted its stake in 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 worth $26,000 after purchasing an additional 75 shares in the last quarter. MBM Wealth Consultants LLC acquired a new position in shares of Meta Platforms during the fourth quarter valued at $26,000. Altshuler Shaham Ltd acquired a new position in shares of Meta Platforms during the second quarter valued at $30,000. Stephens Investment Management Group LLC acquired a new position in shares of Meta Platforms during the second quarter valued at $30,000. Finally, Beaird Harris Wealth Management LLC lifted its stake in shares of Meta Platforms by 68.9% during the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after acquiring an additional 42 shares during the period. Institutional investors and hedge funds own 62.87% of the company’s stock.

Meta Platforms Company Profile

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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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Analyst Recommendations for Meta Platforms (NASDAQ:META)

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