Meta Platforms (NASDAQ:META) Stock Price Expected to Rise, Tigress Financial Analyst Says

Meta Platforms (NASDAQ:META) had its target price boosted by equities research analysts at Tigress Financial from $645.00 to $935.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “strong-buy” rating on the social networking company’s stock. Tigress Financial’s price objective would indicate a potential upside of 30.62% from the company’s current price.

A number of other equities research analysts also recently weighed in on META. Mizuho lifted their target price on Meta Platforms from $675.00 to $750.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Wedbush reiterated an “outperform” rating and set a $770.00 target price (up previously from $700.00) on shares of Meta Platforms in a research report on Thursday, January 30th. TD Cowen lifted their price target on shares of Meta Platforms from $600.00 to $675.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Cantor Fitzgerald increased their price objective on shares of Meta Platforms from $720.00 to $790.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Roth Mkm raised their price objective on Meta Platforms from $620.00 to $635.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Two 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus target price of $717.90.

Meta Platforms Trading Down 0.2 %

NASDAQ META traded down $1.59 on Tuesday, hitting $715.81. The company’s stock had a trading volume of 3,070,421 shares, compared to its average volume of 15,414,232. The company’s 50-day moving average is $629.73 and its 200 day moving average is $576.95. The firm has a market cap of $1.81 trillion, a PE ratio of 29.88, a PEG ratio of 1.46 and a beta of 1.20. Meta Platforms has a 1-year low of $414.50 and a 1-year high of $725.01. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, topping 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 quarter last year, the company posted $5.33 earnings per share. As a group, analysts predict that Meta Platforms will post 26.66 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Javier Olivan sold 413 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $562.77, for a total value of $232,424.01. Following the completion of the transaction, the chief operating officer now directly owns 19,579 shares in the company, valued at approximately $11,018,473.83. The trade was a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Aaron Anderson sold 731 shares of Meta Platforms stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $557.00, for a total value of $407,167.00. Following the sale, the chief accounting officer now directly owns 3,414 shares of the company’s stock, valued at approximately $1,901,598. This trade represents a 17.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 756,735 shares of company stock worth $475,285,232 over the last ninety days. Company insiders own 13.71% of the company’s stock.

Institutional Trading of Meta Platforms

A number of hedge funds have recently bought and sold shares of META. Ballentine Partners LLC increased its stake in Meta Platforms by 1.4% in the 4th quarter. Ballentine Partners LLC now owns 58,218 shares of the social networking company’s stock worth $34,087,000 after purchasing an additional 808 shares during the period. UMB Bank n.a. raised its holdings in Meta Platforms by 0.6% in the fourth quarter. UMB Bank n.a. now owns 140,585 shares of the social networking company’s stock worth $82,314,000 after purchasing an additional 897 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Meta Platforms by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 13,827,565 shares of the social networking company’s stock valued at $7,915,451,000 after buying an additional 118,298 shares during the period. LS Investment Advisors LLC boosted its holdings in shares of Meta Platforms by 111.4% during the 3rd quarter. LS Investment Advisors LLC now owns 11,679 shares of the social networking company’s stock valued at $6,686,000 after buying an additional 6,155 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. grew its position in shares of Meta Platforms by 0.7% in the 3rd quarter. Cutter & CO Brokerage Inc. now owns 9,735 shares of the social networking company’s stock worth $5,573,000 after buying an additional 65 shares during the period. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Company Profile

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.