Cantor Fitzgerald Cuts Meta Platforms (NASDAQ:META) Price Target to $624.00
April 17, 2025
Cantor Fitzgerald Cuts Meta Platforms (NASDAQ:META) Price Target to $624.00
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Meta Platforms (NASDAQ:META – Get Free Report) had its price target lowered by research analysts at Cantor Fitzgerald from $790.00 to $624.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the social networking company’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 24.49% from the stock’s previous close.
Several other research firms have also weighed in on META. JMP Securities restated a “market outperform” rating and set a $750.00 target price on shares of Meta Platforms in a report on Monday, January 27th. Bank of America decreased their target price on Meta Platforms from $765.00 to $640.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. DA Davidson lowered their price target on Meta Platforms from $800.00 to $650.00 and set a “buy” rating on the stock in a report on Monday. Mizuho lifted their price target on Meta Platforms from $675.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Finally, Raymond James reissued a “strong-buy” rating and set a $800.00 price objective (up previously from $725.00) on shares of Meta Platforms in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $686.83.
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Check Out Our Latest Stock Report on Meta Platforms
Meta Platforms Price Performance
Shares of Meta Platforms stock traded down $20.29 on Wednesday, hitting $501.23. The company had a trading volume of 11,825,791 shares, compared to its average volume of 14,772,582. The business has a 50-day simple moving average of $621.07 and a 200-day simple moving average of $608.54. Meta Platforms has a 52 week low of $414.50 and a 52 week high of $740.91. The company has a market cap of $1.27 trillion, a PE ratio of 20.95, a PEG ratio of 1.42 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98.
Meta Platforms (NASDAQ:META – Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, topping analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same period last year, the business posted $5.33 earnings per share. Research analysts expect that Meta Platforms will post 26.7 EPS for the current fiscal year.
Insider Buying and Selling
In other Meta Platforms news, CEO Mark Zuckerberg sold 55,589 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $717.72, for a total value of $39,897,337.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 921 shares of Meta Platforms stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $543.39, for a total transaction of $500,462.19. Following the transaction, the insider now directly owns 29,340 shares in the company, valued at approximately $15,943,062.60. This represents a 3.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 414,293 shares of company stock worth $282,029,046 in the last quarter. Insiders own 13.71% of the company’s stock.
Institutional Trading of Meta Platforms
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Meta Platforms by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 191,198,005 shares of the social networking company’s stock valued at $111,948,344,000 after purchasing an additional 1,502,553 shares during the period. Geode Capital Management LLC increased its stake in Meta Platforms by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 49,181,127 shares of the social networking company’s stock valued at $28,719,970,000 after purchasing an additional 1,020,519 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Meta Platforms by 2.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 42,317,434 shares of the social networking company’s stock worth $24,777,282,000 after acquiring an additional 1,049,121 shares during the last quarter. Capital World Investors lifted its holdings in shares of Meta Platforms by 2.9% during the fourth quarter. Capital World Investors now owns 40,317,105 shares of the social networking company’s stock valued at $23,606,338,000 after purchasing an additional 1,141,355 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Meta Platforms during the fourth quarter valued at approximately $19,949,512,000. 79.91% of the stock is currently owned by institutional investors.
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.
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