Meta Platforms (NASDAQ:META) Stock Price Up 2.3% – Should You Buy?

Skip to main content

‘;ad_container.style.height=’auto’;}},3000);

Get Our Latest Stock Report on META

Meta Platforms Stock Performance

The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average price of $624.72 and a 200-day moving average price of $642.58. The firm has a market cap of $1.56 trillion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 1.05 and a beta of 1.25.

Meta Platforms (NASDAQ:META – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping the consensus estimate of $6.67 by $3.77. The firm had revenue of $56.31 billion during the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The company’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same period last year, the company earned $6.43 earnings per share. On average, analysts expect that Meta Platforms, Inc. will post 29.65 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Monday, March 16th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, March 16th. Meta Platforms’s dividend payout ratio is currently 7.63%.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 926 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $607.74, for a total transaction of $562,767.24. Following the transaction, the chief operating officer owned 7,779 shares in the company, valued at approximately $4,727,609.46. The trade was a 10.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 580 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $667.00, for a total value of $386,860.00. Following the completion of the sale, the director directly owned 3,847 shares of the company’s stock, valued at $2,565,949. This represents a 13.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 167,676 shares of company stock worth $107,299,848 in the last ninety days. 13.61% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Meta Platforms

A number of large investors have recently made changes to their positions in META. Westchester Capital Management Inc. acquired a new stake in shares of Meta Platforms in the 3rd quarter worth approximately $26,000. RHL Group LLC purchased a new stake in Meta Platforms during the fourth quarter worth $28,000. Strategic Wealth Advisors LLC acquired a new stake in Meta Platforms in the fourth quarter valued at $29,000. Safe Harbor Fiduciary LLC acquired a new stake in Meta Platforms in the fourth quarter valued at $42,000. Finally, Bayban increased its position in shares of Meta Platforms by 100.0% in the first quarter. Bayban now owns 70 shares of the social networking company’s stock valued at $40,000 after buying an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

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.

Before you consider Meta Platforms, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Meta Platforms wasn’t on the list.

While Meta Platforms currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

‘;ad_container.style.height=’auto’;}},3000);

Featured Articles and Offers

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

‘;ad_container.style.height=’auto’;}},3000);