Meta Platforms (NASDAQ:META) Price Target Increased to $510.00 by Analysts at Roth Mkm

Meta Platforms (NASDAQ:META) had its price target boosted by Roth Mkm from $500.00 to $510.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have a buy rating on the social networking company’s stock.

Several other brokerages also recently commented on META. Robert W. Baird lowered their price objective on Meta Platforms from $525.00 to $500.00 and set an outperform rating on the stock in a research report on Thursday. Benchmark restated a hold rating on shares of Meta Platforms in a research report on Monday, April 22nd. Raymond James boosted their price objective on Meta Platforms from $450.00 to $550.00 and gave the company a strong-buy rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. lowered their price objective on Meta Platforms from $535.00 to $480.00 and set an overweight rating on the stock in a research report on Thursday. Finally, Oppenheimer lowered their price objective on Meta Platforms from $585.00 to $500.00 and set an outperform rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Meta Platforms has a consensus rating of Moderate Buy and an average price target of $509.18.

Meta Platforms Price Performance

NASDAQ META opened at $443.29 on Thursday. The company has a market capitalization of $1.13 trillion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 1.13 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.68. The business’s fifty day moving average is $494.48 and its 200 day moving average is $404.85. 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 released its earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, beating the consensus estimate of $4.32 by $0.39. The company had revenue of $36.46 billion for 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%. Sell-side analysts predict that Meta Platforms will post 20.2 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 annualized dividend and a dividend yield of 0.45%. Meta Platforms’s dividend payout ratio (DPR) is presently 11.49%.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 19,681 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $393.85, for a total transaction of $7,751,361.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CTO Andrew Bosworth sold 8,036 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $473.28, for a total value of $3,803,278.08. Following the completion of the sale, the chief technology officer now owns 18,432 shares in the company, valued at $8,723,496.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 19,681 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $393.85, for a total value of $7,751,361.85. The disclosure for this sale can be found here. Insiders sold 1,349,148 shares of company stock worth $649,552,559 over the last 90 days. Company insiders own 13.75% of the company’s stock.

Institutional Trading of Meta Platforms

A number of large investors have recently modified their holdings of the company. S.A. Mason LLC boosted its holdings in shares of Meta Platforms by 1.5% in the first quarter. S.A. Mason LLC now owns 1,328 shares of the social networking company’s stock valued at $645,000 after purchasing an additional 20 shares during the period. Horizon Bancorp Inc. IN boosted its holdings in shares of Meta Platforms by 2.0% in the first quarter. Horizon Bancorp Inc. IN now owns 1,057 shares of the social networking company’s stock valued at $513,000 after purchasing an additional 21 shares during the period. Hanson & Doremus Investment Management boosted its holdings in shares of Meta Platforms by 5.3% in the first quarter. Hanson & Doremus Investment Management now owns 435 shares of the social networking company’s stock valued at $211,000 after purchasing an additional 22 shares during the period. LongView Wealth Management boosted its holdings in shares of Meta Platforms by 1.3% in the first 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 period. Finally, Madison Wealth Partners Inc lifted its holdings in Meta Platforms by 1.6% during the fourth quarter. Madison Wealth Partners Inc now owns 1,417 shares of the social networking company’s stock worth $502,000 after buying an additional 23 shares during the period. Hedge funds and other institutional investors own 79.91% of the company’s stock.

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.