Meta Platforms (NASDAQ:META) COO Javier Olivan Sells 837 Shares

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Meta Platforms (NASDAQ:META – Get Free Report) last posted its earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, beating the consensus estimate of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The company had revenue of $56.31 billion for the quarter, compared to the consensus estimate of $55.56 billion. During the same quarter in the prior year, the business earned $6.43 earnings per share. The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. Research analysts predict that Meta Platforms, Inc. will post 29.49 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on META. Sanford C. Bernstein reduced their price target on Meta Platforms from $900.00 to $850.00 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. UBS Group reduced their price target on Meta Platforms from $908.00 to $865.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Barclays increased their price target on Meta Platforms from $800.00 to $830.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. KeyCorp reissued an “overweight” rating and set a $760.00 price target on shares of Meta Platforms in a research report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Meta Platforms from $880.00 to $920.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average target price of $840.19.

View Our Latest Research Report on META

Trending Headlines about Meta Platforms

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Meta’s global subscription rollout gives it a new monetization avenue beyond ads, which could improve long-term revenue growth and margins. Article: Meta launches Instagram, Facebook, and WhatsApp subscriptions, with more to come, including AI plans
• Positive Sentiment: Several reports framed subscriptions and Meta AI pricing as a potential growth engine, with some analysts estimating billions in added revenue by 2028. Article: Meta Expands Beyond Ads With Paid Facebook, Instagram, WhatsApp And AI Subscription
• Positive Sentiment: Meta is also pushing enterprise AI by embedding engineers with customers, which could support adoption of its AI tools and create a second major business line. Article: Meta Embedding Engineers With Customers to Push AI Adoption
• Neutral Sentiment: Meta committed additional funding to its Oversight Board through 2028, which helps reassure governance watchers but is unlikely to move the stock much on its own. Article: Meta commits extra funding to oversight board until 2028
• Negative Sentiment: Meta also faces ongoing legal and regulatory pressure, including a Kentucky trial where plaintiffs are seeking a multibillion-dollar penalty, and the Supreme Court rejected its appeal in a Vermont addiction case. Article: Meta Faces $40 Billion Penalty Request From Kentucky at Trial

Institutional Investors Weigh In On Meta Platforms

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Westchester Capital Management Inc. acquired a new stake in shares of Meta Platforms during the 3rd quarter valued at $26,000. RHL Group LLC acquired a new position in Meta Platforms in the 4th quarter worth about $28,000. Strategic Wealth Advisors LLC bought a new position in Meta Platforms in the fourth quarter valued at about $29,000. Niles Investment Management LLC bought a new position in Meta Platforms in the fourth quarter valued at about $29,000. Finally, Axiom Investment Management LLC acquired a new stake in shares of Meta Platforms during the first quarter valued at about $36,000. 79.91% of the stock is owned by institutional investors.

Meta Platforms Company Profile

(Get Free Report)

Meta Platforms, Inc NASDAQ: META, formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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