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Tag: META PLATFORMS

  • Lafayette Investments Inc. Boosts Position in Meta Platforms, Inc. $META

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    Lafayette Investments Inc. raised its stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 1.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 28,162 shares of the social networking company’s stock after buying an additional 304 shares during the quarter. Meta Platforms makes up about 4.2% of Lafayette Investments Inc.’s investment portfolio, making the stock its 4th largest holding. Lafayette Investments Inc.’s holdings in Meta Platforms were worth $20,786,000 at the end of the most recent reporting period.

    A number of other hedge funds also recently added to or reduced their stakes in META. Kingstone Capital Partners Texas LLC raised its stake in shares of Meta Platforms by 608,429.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock valued at $44,119,937,000 after purchasing an additional 59,766,000 shares in the last quarter. Invesco Ltd. raised its stake in shares of Meta Platforms by 2.3% during the first quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company’s stock valued at $10,184,163,000 after purchasing an additional 400,927 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Meta Platforms by 8.8% during the first quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock valued at $8,977,361,000 after purchasing an additional 1,255,546 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Meta Platforms by 4.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,543,468 shares of the social networking company’s stock valued at $7,229,553,000 after purchasing an additional 536,160 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Meta Platforms by 2.5% during the first quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company’s stock valued at $5,787,329,000 after purchasing an additional 247,850 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

    Insiders Place Their Bets

    In other news, insider Christopher K. Cox sold 60,000 shares of Meta Platforms stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the completion of the sale, the insider directly owned 237,205 shares in the company, valued at $184,059,219.75. The trade was a 20.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Susan J. Li sold 18,332 shares of Meta Platforms stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $764.71, for a total value of $14,018,663.72. Following the sale, the chief financial officer owned 84,141 shares of the company’s stock, valued at approximately $64,343,464.11. This represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 198,335 shares of company stock worth $153,047,009. Insiders own 13.61% of the company’s stock.

    Wall Street Analysts Forecast Growth

    META has been the topic of a number of recent analyst reports. Monness Crespi & Hardt cut their price objective on shares of Meta Platforms from $860.00 to $808.00 and set a “buy” rating on the stock in a research note on Thursday. Sanford C. Bernstein restated an “outperform” rating and set a $870.00 price objective (down from $900.00) on shares of Meta Platforms in a research note on Thursday. Barclays cut their price objective on shares of Meta Platforms from $810.00 to $770.00 and set an “overweight” rating on the stock in a research note on Thursday. Cantor Fitzgerald dropped their price target on shares of Meta Platforms from $920.00 to $830.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $825.00 price target (down from $900.00) on shares of Meta Platforms in a research report on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $827.60.

    Check Out Our Latest Stock Report on Meta Platforms

    Meta Platforms Trading Down 11.3%

    Shares of META opened at $666.47 on Friday. The business’s 50-day moving average price is $740.41 and its 200 day moving average price is $695.92. The stock has a market capitalization of $1.67 trillion, a P/E ratio of 29.44, a P/E/G ratio of 1.60 and a beta of 1.20. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15.

    Meta Platforms (NASDAQ:META – Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a return on equity of 39.69% and a net margin of 30.89%.The firm had revenue of $51.24 billion for the quarter, compared to analysts’ expectations of $49.34 billion. During the same quarter last year, the business posted $6.03 EPS. Meta Platforms’s revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. Analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

    Meta Platforms Dividend Announcement

    The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were paid 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, September 22nd. Meta Platforms’s payout ratio is 9.28%.

    Meta Platforms Profile

    (Free Report)

    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.

    Featured Stories

    Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META – Free Report).

    Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)



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  • Lorne Steinberg Wealth Management Inc. Sells 7,193 Shares of Meta Platforms, Inc. $META

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    Lorne Steinberg Wealth Management Inc. lowered its stake in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 34.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 13,634 shares of the social networking company’s stock after selling 7,193 shares during the period. Meta Platforms comprises approximately 2.6% of Lorne Steinberg Wealth Management Inc.’s investment portfolio, making the stock its 11th biggest holding. Lorne Steinberg Wealth Management Inc.’s holdings in Meta Platforms were worth $10,063,000 as of its most recent SEC filing.

    Several other institutional investors also recently added to or reduced their stakes in META. Pachira Investments Inc. lifted its holdings in Meta Platforms by 3.0% during the second quarter. Pachira Investments Inc. now owns 488 shares of the social networking company’s stock valued at $360,000 after purchasing an additional 14 shares during the last quarter. Hemington Wealth Management grew its position in Meta Platforms by 0.6% during the second quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company’s stock valued at $1,641,000 after acquiring an additional 14 shares during the last quarter. Myecfo LLC grew its position in Meta Platforms by 2.0% during the second quarter. Myecfo LLC now owns 776 shares of the social networking company’s stock valued at $573,000 after acquiring an additional 15 shares during the last quarter. Shelton Wealth Management LLC grew its holdings in shares of Meta Platforms by 0.9% in the second quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company’s stock worth $1,302,000 after purchasing an additional 15 shares during the last quarter. Finally, Kooman & Associates grew its holdings in shares of Meta Platforms by 2.8% in the second quarter. Kooman & Associates now owns 544 shares of the social networking company’s stock worth $402,000 after purchasing an additional 15 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

    Insider Buying and Selling

    In other news, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $753.43, for a total value of $11,939,605.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Susan J. Li sold 18,332 shares of Meta Platforms stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the completion of the transaction, the chief financial officer directly owned 84,141 shares of the company’s stock, valued at approximately $64,343,464.11. This represents a 17.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 213,663 shares of company stock worth $164,595,807 in the last 90 days. 13.61% of the stock is owned by company insiders.

    Wall Street Analyst Weigh In

    Several brokerages have recently issued reports on META. Weiss Ratings restated a “buy (b)” rating on shares of Meta Platforms in a report on Wednesday, October 8th. Sanford C. Bernstein lifted their price target on shares of Meta Platforms from $775.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Monness Crespi & Hardt lifted their price target on shares of Meta Platforms from $780.00 to $860.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Pivotal Research lifted their price target on shares of Meta Platforms from $830.00 to $930.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Finally, Loop Capital reiterated a “buy” rating and issued a $980.00 price target (up previously from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $829.66.

    Read Our Latest Stock Analysis on META

    Meta Platforms Stock Performance

    Shares of META stock opened at $751.67 on Thursday. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The stock has a market cap of $1.89 trillion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 1.59 and a beta of 1.20. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The company’s fifty day moving average price is $741.86 and its 200-day moving average price is $696.13.

    Meta Platforms (NASDAQ:META – Get Free Report) last announced its earnings results on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. During the same quarter in the previous year, the firm posted $6.03 EPS. The company’s revenue for the quarter was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. On average, equities analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

    Meta Platforms Announces Dividend

    The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s payout ratio is 7.60%.

    Meta Platforms Profile

    (Free Report)

    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.

    Recommended Stories

    Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META – Free Report).

    Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)



    Receive News & Ratings for Meta Platforms Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Meta Platforms and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • Meta Platforms, Inc. $META Shares Purchased by Nvest Financial LLC

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    Nvest Financial LLC boosted its position in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 10.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,409 shares of the social networking company’s stock after purchasing an additional 311 shares during the period. Meta Platforms makes up about 1.3% of Nvest Financial LLC’s holdings, making the stock its 25th largest holding. Nvest Financial LLC’s holdings in Meta Platforms were worth $2,516,000 at the end of the most recent reporting period.

    Several other institutional investors have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC raised its stake in Meta Platforms by 608,429.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock valued at $44,119,937,000 after purchasing an additional 59,766,000 shares during the last quarter. Invesco Ltd. grew its holdings in Meta Platforms by 2.3% in the 1st quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company’s stock valued at $10,184,163,000 after buying an additional 400,927 shares during the period. Goldman Sachs Group Inc. grew its holdings in Meta Platforms by 8.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company’s stock valued at $8,977,361,000 after buying an additional 1,255,546 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Meta Platforms by 4.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,543,468 shares of the social networking company’s stock valued at $7,229,553,000 after buying an additional 536,160 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Meta Platforms by 2.5% in the 1st quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company’s stock valued at $5,787,329,000 after buying an additional 247,850 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

    Insider Buying and Selling

    In related news, CEO Mark Zuckerberg sold 15,847 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $769.38, for a total transaction of $12,192,364.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Andrew Bosworth sold 11,694 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $9,062,850.00. Following the transaction, the chief technology officer directly owned 1,799 shares in the company, valued at $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 214,182 shares of company stock valued at $164,951,541. Insiders own 13.61% of the company’s stock.

    Analyst Ratings Changes

    Several research firms have commented on META. Stifel Nicolaus lifted their price target on Meta Platforms from $845.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 31st. JMP Securities lifted their price target on Meta Platforms from $750.00 to $900.00 and gave the company a “market outperform” rating in a report on Thursday, July 31st. Monness Crespi & Hardt lifted their price target on Meta Platforms from $780.00 to $860.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Wells Fargo & Company lifted their price target on Meta Platforms from $811.00 to $837.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Finally, UBS Group lifted their price target on Meta Platforms from $897.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Meta Platforms currently has a consensus rating of “Buy” and a consensus price target of $829.66.

    Read Our Latest Stock Report on META

    Meta Platforms Stock Up 0.6%

    Shares of NASDAQ:META opened at $738.36 on Friday. The stock has a 50-day simple moving average of $742.11 and a 200-day simple moving average of $691.34. The stock has a market capitalization of $1.85 trillion, a P/E ratio of 26.73, a PEG ratio of 1.57 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25.

    Meta Platforms (NASDAQ:META – Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping the consensus estimate of $5.75 by $1.39. The firm had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same period in the previous year, the company posted $5.16 EPS. Meta Platforms has set its Q3 2025 guidance at EPS. Equities analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

    Meta Platforms Dividend Announcement

    The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s payout ratio is 7.60%.

    Meta Platforms Profile

    (Free Report)

    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.

    See Also

    Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META – Free Report).

    Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)



    Receive News & Ratings for Meta Platforms Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Meta Platforms and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • MONECO Advisors LLC Sells 4,783 Shares of Meta Platforms, Inc. (NASDAQ:META)

    MONECO Advisors LLC Sells 4,783 Shares of Meta Platforms, Inc. (NASDAQ:META)

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    MONECO Advisors LLC decreased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 45.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,803 shares of the social networking company’s stock after selling 4,783 shares during the period. MONECO Advisors LLC’s holdings in Meta Platforms were worth $3,322,000 as of its most recent SEC filing.

    Several other large investors have also recently made changes to their positions in the business. Central Valley Advisors LLC grew its stake in Meta Platforms by 0.3% during the 3rd quarter. Central Valley Advisors LLC now owns 5,714 shares of the social networking company’s stock valued at $3,271,000 after purchasing an additional 18 shares during the last quarter. Cherrydale Wealth Management LLC lifted its holdings in shares of Meta Platforms by 0.5% during the third quarter. Cherrydale Wealth Management LLC now owns 3,841 shares of the social networking company’s stock worth $2,199,000 after purchasing an additional 18 shares during the period. Alliance Wealth Advisors LLC boosted its position in Meta Platforms by 0.7% in the third quarter. Alliance Wealth Advisors LLC now owns 2,787 shares of the social networking company’s stock valued at $1,595,000 after buying an additional 18 shares during the last quarter. Kozak & Associates Inc. increased its holdings in Meta Platforms by 1.0% in the 3rd quarter. Kozak & Associates Inc. now owns 1,906 shares of the social networking company’s stock worth $1,099,000 after buying an additional 18 shares during the period. Finally, Capital Advisors Ltd. LLC raised its position in Meta Platforms by 0.5% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 3,560 shares of the social networking company’s stock worth $2,038,000 after buying an additional 18 shares during the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

    Meta Platforms Trading Down 0.1 %

    Shares of META opened at $567.16 on Friday. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $555.99 and a 200 day moving average price of $513.03. Meta Platforms, Inc. has a 12-month low of $308.33 and a 12-month high of $602.95. The firm has a market capitalization of $1.43 trillion, a P/E ratio of 26.72, a P/E/G ratio of 1.44 and a beta of 1.22.

    Meta Platforms (NASDAQ:META – Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, beating the consensus estimate of $5.19 by $0.84. Meta Platforms had a net margin of 35.55% and a return on equity of 36.26%. The firm had revenue of $40.59 billion for the quarter, compared to analyst estimates of $40.21 billion. Sell-side analysts forecast that Meta Platforms, Inc. will post 21.47 EPS for the current year.

    Meta Platforms Dividend Announcement

    The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Monday, September 16th were paid a $0.50 dividend. The ex-dividend date was Monday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.35%. Meta Platforms’s payout ratio is presently 9.42%.

    Insider Activity at Meta Platforms

    In other Meta Platforms news, CFO Susan J. Li sold 33,018 shares of Meta Platforms stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $517.94, for a total value of $17,101,342.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Susan J. Li sold 33,018 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $517.94, for a total transaction of $17,101,342.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Andrew Bosworth sold 5,057 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $526.76, for a total value of $2,663,825.32. Following the transaction, the chief technology officer now directly owns 11,990 shares of the company’s stock, valued at $6,315,852.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 251,993 shares of company stock worth $133,271,982. 13.71% of the stock is currently owned by company insiders.

    Analysts Set New Price Targets

    A number of analysts have recently weighed in on META shares. Tigress Financial increased their price objective on shares of Meta Platforms from $575.00 to $645.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 16th. Citigroup increased their price target on Meta Platforms from $645.00 to $705.00 and gave the stock a “buy” rating in a research report on Thursday. Wedbush reissued an “outperform” rating and issued a $600.00 price objective on shares of Meta Platforms in a report on Thursday, September 26th. Morgan Stanley raised their target price on Meta Platforms from $550.00 to $575.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $570.00 price target on shares of Meta Platforms in a research report on Thursday, August 1st. Two investment 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 given a strong buy rating to the stock. Based on data from MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and an average target price of $634.10.

    Get Our Latest Report on META

    Meta Platforms Profile

    (Free Report)

    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.

    Featured Stories

    Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META – Free Report).

    Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)



    Receive News & Ratings for Meta Platforms Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Meta Platforms and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • How major US stock indexes fared Thursday, 10/31/2024

    How major US stock indexes fared Thursday, 10/31/2024

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    Drops in big tech companies including Microsoft and Facebook’s parent company Meta Platforms led Wall Street lower.

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  • Colsen recalls nearly 90,000 tabletop fire pits after reports of serious burn injuries

    Colsen recalls nearly 90,000 tabletop fire pits after reports of serious burn injuries

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    NEW YORK (AP) — Nearly 90,000 tabletop fire pits are being recalled after flames shooting out from them resulted in a handful of serious burn injuries.

    The Colsen-branded fire pits, which are designed to hold fires by burning liquid alcohol, pose a “flame jetting” hazard, according to a recall notice published Thursday by the U.S. Consumer Product Safety Commission. The flame jetting can occur when a user is refilling the container, if fire flashes back and propels the burning alcohol.

    Alcohol flames can be invisible, and the liquid may also spill or leak out of the pit during use, causing a flash fire. The recall notice warns that this can lead to injury quickly and unexpectedly, potential causing burns “in less than one second that can be serious and deadly.”

    To date, the CPSC says it has received 31 reports of flame jetting or flames escaping from the fire pits, resulting in 19 burn injuries. Two of those were third-degree burns on more than 40% of the victims’ bodies, the commission said, and at least six incidents involved surgery, prolonged medical treatment, loss of function or permanent disfigurement.

    The CPSC and Miami-based Colsen urge consumers to stop using the fire pits immediately and throw them away. The commission noted that it’s against the law to resell or donate the now-recalled products.

    But there’s also no refunds available. According to the recall notice, the company “does not have the financial resources to offer a remedy to consumers” and stopped selling the pits a year after acquiring the product business.

    The about 89,500 fire pits under recall were sold at major retailers like Amazon.com, Wayfair, Walmart and Sharper Image — as well as on social media platforms like TikTok and Meta-owned apps, from January 2020 through July 2024. That includes fire pits that were previously manufactured by another company, Thursday’s recall announcement notes, although the notice did not identify that company.

    The seven models of the recalled fire pits varied in size, shape and color. Sale prices ranged from $40 to $90.

    In a statement on its website, Colsen said it was launching this recall with the CPSC because “we take safety very seriously.”

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  • Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Cypress Wealth Services LLC

    Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Cypress Wealth Services LLC

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    Cypress Wealth Services LLC increased its position in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 3.9% during the third quarter, Holdings Channel reports. The fund owned 4,293 shares of the social networking company’s stock after purchasing an additional 163 shares during the quarter. Cypress Wealth Services LLC’s holdings in Meta Platforms were worth $2,458,000 as of its most recent filing with the Securities & Exchange Commission.

    Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Meta Platforms by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 187,180,393 shares of the social networking company’s stock worth $90,891,055,000 after purchasing an additional 831,047 shares during the last quarter. Capital World Investors boosted its holdings in shares of Meta Platforms by 0.6% during the first quarter. Capital World Investors now owns 38,299,316 shares of the social networking company’s stock worth $18,597,382,000 after purchasing an additional 244,803 shares during the period. Capital Research Global Investors boosted its holdings in shares of Meta Platforms by 14.5% during the first quarter. Capital Research Global Investors now owns 34,597,001 shares of the social networking company’s stock worth $16,799,612,000 after purchasing an additional 4,379,826 shares during the period. Jennison Associates LLC boosted its holdings in shares of Meta Platforms by 24.7% during the first quarter. Jennison Associates LLC now owns 13,867,398 shares of the social networking company’s stock worth $6,733,731,000 after purchasing an additional 2,748,620 shares during the period. Finally, GQG Partners LLC boosted its holdings in shares of Meta Platforms by 3.1% during the first quarter. GQG Partners LLC now owns 11,497,335 shares of the social networking company’s stock worth $5,582,876,000 after purchasing an additional 342,742 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

    Analyst Ratings Changes

    META has been the subject of several research reports. Royal Bank of Canada restated an “outperform” rating and set a $570.00 price target on shares of Meta Platforms in a report on Thursday, August 1st. KeyCorp lifted their price target on shares of Meta Platforms from $560.00 to $655.00 and gave the company an “overweight” rating in a research report on Wednesday. Monness Crespi & Hardt boosted their target price on shares of Meta Platforms from $570.00 to $620.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Wells Fargo & Company boosted their target price on shares of Meta Platforms from $647.00 to $652.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, Barclays upped their price target on shares of Meta Platforms from $520.00 to $550.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $608.58.

    View Our Latest Stock Report on Meta Platforms

    Insider Transactions at Meta Platforms

    In related news, CEO Mark Zuckerberg sold 492 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $600.75, for a total transaction of $295,569.00. Following the sale, the chief executive officer now owns 518,508 shares of the company’s stock, valued at approximately $311,493,681. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, COO Javier Olivan sold 412 shares of the stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $474.86, for a total transaction of $195,642.32. Following the transaction, the chief operating officer now directly owns 5,971 shares in the company, valued at approximately $2,835,389.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Zuckerberg sold 492 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $600.75, for a total value of $295,569.00. Following the transaction, the chief executive officer now owns 518,508 shares in the company, valued at approximately $311,493,681. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 266,412 shares of company stock worth $140,058,708. 13.71% of the stock is owned by company insiders.

    Meta Platforms Stock Down 0.3 %

    Meta Platforms stock traded down $1.83 during trading on Thursday, hitting $588.68. 1,018,717 shares of the company were exchanged, compared to its average volume of 15,362,240. The business’s 50 day moving average is $534.36 and its 200 day moving average is $504.36. Meta Platforms, Inc. has a 52 week low of $279.40 and a 52 week high of $602.95. The company has a market capitalization of $1.49 trillion, a P/E ratio of 33.92, a PEG ratio of 1.39 and a beta of 1.22. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 0.12.

    Meta Platforms (NASDAQ:META – Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The social networking company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.46. The firm had revenue of $39.07 billion during the quarter, compared to the consensus estimate of $38.26 billion. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.23 EPS. Analysts predict that Meta Platforms, Inc. will post 21.36 earnings per share for the current year.

    Meta Platforms Announces Dividend

    The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Monday, September 16th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.34%. Meta Platforms’s payout ratio is 11.49%.

    Meta Platforms Profile

    (Free Report)

    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.

    Read More

    Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META – Free Report).

    Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

    Receive News & Ratings for Meta Platforms Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Meta Platforms and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • Terrifying Watch Dogs-Like Smart Glasses Make It Possible To Dox Strangers On The Street

    Terrifying Watch Dogs-Like Smart Glasses Make It Possible To Dox Strangers On The Street

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    In Ubisoft’s open-world game Watch Dogs (and its sequels), you can quickly scan any NPC you meet and discover facts about them, including their name, address, criminal record, and so on. And now two people have essentially created this tech in real life using Meta’s smart glasses and mostly off-the-shelf tech and software, providing a scary glimpse at our future.

    Agatha All Along Star Sasheer Zamata On Witchcraft And Star Trek

    As reported by 404 Media, two Harvard students have built working smart glasses that use facial recognition technology to automatically identify someone via their face. Not only that, but the glasses then use that information to track down other details about the stranger including their address, phone number, past photos, and family members. According to the two students, AnhPhu Nguyen and Caine Ardayfio, they did this to raise awareness of what is possible with current tech and they have no plans to release it publicly.

    Nguyen and Ardayfio call the project I-XRAY and showed a demo of it in action earlier this week on social media. In the video posted to Twitter, the pair were able to identify multiple strangers without asking them for any details, though some of the data proved to be inaccurate when the duo talked to the people.

    “The motivation for this was mainly because we thought it was interesting, it was cool,” Nguyen told 404 Media. Apparently, other people they showed it to also thought it was “really cool” and some suggested it could be used for “networking” or to “make funny videos.” However, thankfully, someone also mentioned to them how incredibly dangerous this tech could be in the wrong hands. “Some dude could just find some girl’s home address on the train and just follow them home,” said Nguyen.

    As pointed out by 404 Media, this kind of smart-glasses-facial-scanning tech has been around for a few years now. But Google and Facebook, two companies who were working on it, eventually decided to not release their software.

    But you don’t need big tech resources and money to build your own Watch Dogs super glasses that can instantly dox anyone you meet on the street. Nguyen and Ardayfio’s I-XRAY uses Meta’s Ray Bans and the publicly available face recognition service Pimeyes to scan someone’s face with hidden cameras in the glasses and then identify them. That info is then used to scrape the web for phone numbers, other photos, family information, and addresses.

    “We would show people photos of them from kindergarten, and they had never even seen the photo before,” said Ardayfio. “Most people were surprised by how much data they have online.” One time, they were able to show a stranger their mom’s phone number after simply scanning their face.

    “I think people could definitely take [the idea of I-XRAY] and run with it,” Ardayfio said. “If people do run with this idea, I think that’s really bad. I would hope that awareness that we’ve spread on how to protect your data would outweigh any of the negative impacts this could have.” The duo has included information on how to protect yourself in a large document about the project that is freely available online.

     .

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  • How social media became a storefront for deadly fake pills

    How social media became a storefront for deadly fake pills

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    Coco loved being the life of the party — cracking jokes, doing pranks and making people laugh, her mom, Julianna Arnold, recalled recently.

    “Her favorite pastime was fashion,” Arnold said. “She didn’t like looking at magazines or going to fancy stores, but preferred to make her own creations from used clothing she would find at thrift stores…. And they always looked fabulous on her.”

    In 2022, two weeks after she turned 17, Coco left home just outside New York City to meet with a dealer she’d messaged through Instagram who promised to sell her Percocet. She never made it home. She was found dead the next day, two blocks from the address that the guy had provided her.

    Whatever the dealer gave Coco, her mother said, was not Percocet. It was a fake pill laced with fentanyl, which can be lethal in a dose as small as the tip of a pencil.

    Fentanyl overdoses have become a leading cause of death for minors in the last five years or so, even as overall drug use has dropped slightly. In a 2022 analysis of fentanyl-laced prescription pills, the DEA found that six out of 10 contained a potentially lethal dose of the drug.

    And social media, where tainted, fake prescription drugs can be obtained with just a few clicks, is a big part of the problem. Experts, law enforcement and children’s advocates say companies like Snap, TikTok, Telegram and Meta Platforms, which owns Instagram, are not doing enough to keep children safe.

    A few taps away

    The stories of these victims often play out similarly: The kids hear you can get pills on social media. A few taps later and then a package arrives. They retreat to the sanctity of their bedroom and take a pill. Fifteen minutes later, they’re dead. No one even knows until the next morning.

    Paul DelPonte, executive director and CEO of the National Crime Prevention Council, likened this crisis to a Johnson & Johnson incident in 1982 when seven people died due to Tylenol bottles that had been tampered with. In that case, J&J recalled all bottles and stopped production until they discovered the source of the problem.

    “As a result, we now have tamper-resistant caps on over-the-counter medicines and in other products. That’s corporate responsibility,” he said. “For years, social media companies have known this has been happening, yet they continue to operate their platforms without any significant changes.”

    While data on the prevalence of drug sales on social platforms is hard to come by, the National Crime Prevention Council estimates 80% of teen and young adult fentanyl poisoning deaths can be traced to some social media contact.

    In a sweeping 2023 report on the problem, Colorado’s attorney general called the availability of fentanyl and other illicit substances online “staggering.”

    “Due to their ubiquity, convenience, and lack of regulation, social media platforms have become a major venue for drug distribution,” the report said. “Where once a teen might have had to seek out a street dealer, hassle friends, or learn to navigate the dark web to access illicit drugs, young people can now locate drug dealers using their smartphones — with the relative ease of ordering food delivery or calling a ride-share service.”

    Accidental overdoses in the U.S. have decreased slightly each year since 2021 according to the Centers for Disease Control and Prevention. DelPonte attributes this in part to more education and awareness about the issue. Among young people ages 0 to 19, there were 1,622 overdose deaths in 2021, then 1,590 in 2022, and 1,511 last year.

    The decline, DelPonte said, is “very small.”

    A decade ago, people looking to buy illicit drugs online would visit the dark web. But this was quickly eclipsed by social media and messaging platforms’ rise. Using popular social media sites, encrypted chats, legitimate payment and shipping services, dealers moved into the light. Social platforms say they are constantly working to address the issue, while law enforcement has made some inroads.

    Last May, for instance, the Drug Enforcement Administration’s “Operation Last Mile,” targeting Mexico’s Sinaloa and Jalisco Cartels, led to 3,337 arrests and the seizure of nearly 44 million fentanyl pills and other deadly drugs. More than 1,100 associated cases involved social media apps and encrypted communications platforms, the DEA said.

    On Instagram, as recently as this summer, a simple hashtag search for popular prescription drugs brought up numerous results with accounts offering to sell illicit pills to anyone looking. Many accounts directed users to Snapchat or Telegram, where experts say encryption and alleged lax moderation make it even easier to engage in illegal activity. Money is sent through payment platforms and the drugs can be delivered by mail, DelPonte said.

    Meta, for its part, has made it more difficult to search for drugs on its platform in recent weeks.

    ‘Never in a million years’

    Mikayla Brown sits for a photo in the room of her son, Elijah, who died of a fentanyl overdose at 15, in Atascadero, Calif., Friday, Aug. 2, 2024, as two of his skateboards hang on the wall. (AP Photo/Jae C. Hong)

    Mikayla Brown lost her son Elijah, who went by Eli, to a suspected fentanyl overdose in 2023, two weeks after his 15th birthday. Eli loved skateboarding, video games and cooking. His favorite was spicy Cajun pasta his mom made and he just started to get into cooking himself.

    Eli began experimenting with marijuana in high school and he was going through what seemed like a phase many teenagers go through, his mom said. The family decided he’d go live with his biological father about three hours away in Woodland Hills in Los Angeles, to try to get a handle on what Brown called Eli’s “rebellion era.”

    Brown said the family “never in a million years” would have thought he was getting into anything more dangerous than that. There was one exception, about a year before he passed away, his mom found him acting funny and he admitted to having taken Xanax, a prescription anti-anxiety drug.

    On a September evening last year, Eli arrived home from a friend’s house, had dinner with his dad and stayed up late to watch a movie.

    His father sent him to bed around “2 a.m., I guess,” Brown said. “And then when his alarm went off in the morning to wake up Eli for school he found him in his room…”

    Eli was unresponsive. His cause of death was accidental fentanyl overdose. But he wasn’t trying to buy fentanyl, he was looking for Xanax, and, like Coco, ended up with tainted pills that killed him.

    Image

    A framed photo of Elijah Ott, who died of a fentanyl overdose at 15, stands next to a vase of flowers as his mother, Mikayla Brown, works in the kitchen in Atascadero, Calif., Friday, Aug. 2, 2024. (AP Photo/Jae C. Hong)

    Image

    With his stepson’s name tattooed below his ear, Tyler Brown, stepfather of Elijah Ott, who died of a fentanyl overdose at 15, looks at a park bench dedicated to Elijah in Paso Robles, Calif., Friday, Aug. 2, 2024. (AP Photo/Jae C. Hong)

    Until recently, a search for #Xanax on Instagram led to a warning page specifying that “This may be associated with the sale of drugs” and that the “sale, purchase of trade of illicit drugs can cause harm to yourself and others and is illegal in most countries.” A blue “Get help” link directed users to federal substance abuse resources. Underneath that link, users could click to “see results anyway.” After it was pointed out by the AP, the company quickly removed the ability to “see results anyway” for location-specific hashtags such as #xanaxdallas or #xanaxchicago. Later, it also removed the “see results” option entirely for common drugs such as Xanax, cocaine and Adderall, among others.

    Meta also said it investigated accounts shared by The Associated Press and concluded they were not drug dealers, but financial scam artists based in Africa pretending to sell drugs locally.

    Meta says it blocks and filters “hundreds” of terms associated with illicit drug sales and links to recovery and substance abuse resources when possible. But drug dealers and other bad actors constantly shift their strategies, coming up with fresh ways to avoid detection.

    David Decary-Hetu, a professor at the School of Criminology at the University of Montreal, said Meta, in particular, has been “quite effective” in targeting people who sell drugs on its social platforms. But, he added, “it doesn’t mean it’s not going to happen.”

    In a statement, Meta said drug dealers “are criminals who stop at nothing to sell their dangerous products. This is a challenge that spans across platforms, industries, and communities, and it requires all of us working together to address it.”

    The company added that it works with law enforcement and proactively took down 2 million pieces of content, 99.7% before they were reported in the first three months of 2024.

    “Our hearts go out to the families suffering at the hands of these criminals and we are committed to working with others to prevent these tragedies,” Meta added.

    Image

    Mikayla Brown, left, comforts her son, Jax, as they stand in front of a park bench dedicated to her son, Elijah Ott, who died of a fentanyl overdose at 15, in Paso Robles, Calif., Friday, Aug. 2, 2024. (AP Photo/Jae C. Hong)

    A persistent problem

    Coco’s mother had many discussions with her daughter about being careful online.

    The teen was in therapy — social media really affected her and she developed anxiety and depression, Arnold said. She frequently checked Coco’s social media and limited her time on Snapchat to 15 minutes per day.

    “She knew about a lot of this stuff. We had talked about it. But then when this came up on Instagram, you know, I wasn’t checking and I couldn’t check all of her direct messages. It’s hard to know as a parent, no matter how on top of it you are,” she said.

    Coco’s death is still under investigation, Arnold said.

    Arnold said it took five months to remove the dealer’s profile from Instagram. Occasionally, she checks to see if he’s there under another name.

    “I typed in something that I thought maybe could work, you know, based on what his previous handle had been. And there he was. He was back up under a different a different handle,” she said. “But I recognized his photo and I reported it to the police. And now again, it’s taking months to get it taken down.”

    Experts often single out Snapchat as a particularly dangerous platform, something the company vehemently disagrees with. In October 2022, a group of parents who say their children bought fentanyl from drug dealers they met through Snapchat sued the company for wrongful death and negligence, calling it a “haven for drug trafficking.”

    “Despite Snap promoting and portraying Snapchat as a ‘goofy’ app for kids to use to send each other silly pictures, its known common use is as an ‘open-air drug market,’” the lawsuit claims. Snapchat’s role in illicit drug sales to teens, it continues, “was the foreseeable result of the designs, structures, and policies Snap chose to implement to increase its revenues.”

    The vast majority of fentanyl deaths among young people, the lawsuit says, involve kids who don’t know they are ingesting fentanyl. Rather, they are buying what they believe is marijuana, MDMA or prescription drugs like OxyContin. In January, a judge ruled that the lawsuit could move to trial.

    It’ll be yet another test for Section 230, a 1996 law that generally exempts internet companies from liability for material users post on their networks.

    In a statement, Snap said it is “heartbroken by the fentanyl epidemic and are deeply committed to the fight against it.”

    “We’ve invested in advanced technology to detect and remove illicit drug-related content, work extensively with law enforcement helping to bring dealers to justice, and continue to raise awareness and evolve our service to help keep our community safe. Criminals have no place on Snapchat,” said Jacqueline Beauchere, Global Head of Platform Safety at the company.

    While Snap wouldn’t comment on the lawsuit itself, the company argues its design actually makes it more difficult for bad actors to operate. For instance, the company says, it doesn’t allow people to get messages from people they haven’t added as friends or have a phone contact, and location sharing is off by default.

    Regulatory remedies?

    Advocates are hoping that regulation of tech companies could help address the problem, as it might help with other dangers kids face on social media. In July, the Senate passed the Kids Online Safety Act, legislation designed to protect children from dangerous online content. It still awaits a vote in the House. Sen. Jeanne Shaheen, D-N.H., and Sen. Roger Marshall, R-Kan., meanwhile, introduced a bill that would require social media companies to report illicit fentanyl, methamphetamine and fake pill activity occurring on their platforms to law enforcement.

    “We must do more at the federal level to combat the flow of fentanyl into our communities, and it starts by holding social media companies accountable for their part in facilitating illicit drug sales,” Shaheen said.

    But for parents like Arnold, Brown and others who already lost their children to overdoses, it is too late.

    “Social media companies have the ability to make their platforms drug-free zones,” DelPonte said. “Instead, they keep evading the meaningful changes to keep the public safe.”

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  • Meta Platforms, Inc. (NASDAQ:META) Stake Lifted by Colonial River Wealth Management LLC

    Meta Platforms, Inc. (NASDAQ:META) Stake Lifted by Colonial River Wealth Management LLC

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    Colonial River Wealth Management LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 8.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 6,254 shares of the social networking company’s stock after buying an additional 477 shares during the quarter. Meta Platforms accounts for 1.7% of Colonial River Wealth Management LLC’s investment portfolio, making the stock its 11th biggest holding. Colonial River Wealth Management LLC’s holdings in Meta Platforms were worth $3,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

    Other institutional investors have also recently added to or reduced their stakes in the company. Delos Wealth Advisors LLC grew its stake in shares of Meta Platforms by 527.3% in the 1st quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company’s stock worth $34,000 after purchasing an additional 58 shares during the last quarter. Ruedi Wealth Management Inc. raised its position in shares of Meta Platforms by 122.2% during the second quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company’s stock worth $40,000 after purchasing an additional 44 shares during the period. Richardson Financial Services Inc. lifted its holdings in shares of Meta Platforms by 95.6% during the first quarter. Richardson Financial Services Inc. now owns 88 shares of the social networking company’s stock valued at $41,000 after purchasing an additional 43 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Meta Platforms in the 4th quarter valued at $32,000. Finally, Kathleen S. Wright Associates Inc. acquired a new position in shares of Meta Platforms in the first quarter worth about $44,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

    Wall Street Analysts Forecast Growth

    A number of equities analysts have recently weighed in on META shares. Canaccord Genuity Group dropped their target price on Meta Platforms from $610.00 to $575.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Jefferies Financial Group increased their target price on shares of Meta Platforms from $565.00 to $600.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. BNP Paribas initiated coverage on shares of Meta Platforms in a research note on Thursday, May 2nd. They set an “underperform” rating and a $360.00 target price for the company. Tigress Financial upped their price target on shares of Meta Platforms from $575.00 to $645.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 16th. Finally, Susquehanna lifted their price objective on Meta Platforms from $550.00 to $600.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $574.41.

    Check Out Our Latest Research Report on META

    Meta Platforms Price Performance

    Shares of Meta Platforms stock traded up $2.85 during midday trading on Wednesday, hitting $529.58. 826,787 shares of the company were exchanged, compared to its average volume of 16,176,936. The firm has a 50 day simple moving average of $501.40 and a 200-day simple moving average of $489.81. Meta Platforms, Inc. has a 52 week low of $276.03 and a 52 week high of $542.81. The firm has a market cap of $1.34 trillion, a P/E ratio of 30.25, a PEG ratio of 1.27 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.83 and a quick ratio of 2.68.

    Meta Platforms (NASDAQ:META – Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The social networking company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.70 by $0.46. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The company had revenue of $39.07 billion during the quarter, compared to analysts’ expectations of $38.26 billion. During the same period last year, the business earned $3.23 earnings per share. The business’s revenue was up 22.1% on a year-over-year basis. Research analysts forecast that Meta Platforms, Inc. will post 20.5 earnings per share for the current year.

    Meta Platforms Dividend Announcement

    The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.38%. Meta Platforms’s dividend payout ratio (DPR) is presently 11.49%.

    Insider Activity

    In related news, insider Jennifer Newstead sold 905 shares of the firm’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $533.95, for a total transaction of $483,224.75. Following the completion of the sale, the insider now directly owns 36,940 shares of the company’s stock, valued at approximately $19,724,113. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Meta Platforms news, CFO Susan J. Li sold 8,950 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $526.76, for a total value of $4,714,502.00. Following the transaction, the chief financial officer now directly owns 74,579 shares in the company, valued at approximately $39,285,234.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $533.95, for a total transaction of $483,224.75. Following the sale, the insider now owns 36,940 shares of the company’s stock, valued at approximately $19,724,113. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 384,783 shares of company stock worth $194,001,589. Insiders own 13.71% of the company’s stock.

    Meta Platforms Company Profile

    (Free Report)

    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.

    Read More

    Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META – Free Report).

    Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

    Receive News & Ratings for Meta Platforms Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Meta Platforms and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • Harel Insurance Investments & Financial Services Ltd. Sells 1,551 Shares of Meta Platforms, Inc. (NASDAQ:META)

    Harel Insurance Investments & Financial Services Ltd. Sells 1,551 Shares of Meta Platforms, Inc. (NASDAQ:META)

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    Harel Insurance Investments & Financial Services Ltd. lessened its stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 6.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,438 shares of the social networking company’s stock after selling 1,551 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Meta Platforms were worth $12,004,000 at the end of the most recent reporting period.

    Several other large investors also recently made changes to their positions in META. Dakota Wealth Management lifted its holdings in shares of Meta Platforms by 8.0% in the second quarter. Dakota Wealth Management now owns 95,713 shares of the social networking company’s stock valued at $48,260,000 after purchasing an additional 7,120 shares in the last quarter. Colonial River Wealth Management LLC raised its position in Meta Platforms by 8.3% in the 2nd quarter. Colonial River Wealth Management LLC now owns 6,254 shares of the social networking company’s stock valued at $3,153,000 after buying an additional 477 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Meta Platforms in the 2nd quarter valued at approximately $6,024,000. First Citizens Bank & Trust Co. lifted its stake in Meta Platforms by 0.9% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 54,635 shares of the social networking company’s stock valued at $27,548,000 after acquiring an additional 486 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. boosted its position in Meta Platforms by 5.1% during the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 51,685 shares of the social networking company’s stock worth $26,061,000 after acquiring an additional 2,494 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

    Analysts Set New Price Targets

    A number of analysts have recently issued reports on META shares. Sanford C. Bernstein lifted their price objective on shares of Meta Platforms from $565.00 to $575.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Wolfe Research initiated coverage on shares of Meta Platforms in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $620.00 price target on the stock. JMP Securities reissued a “market outperform” rating and set a $525.00 price target on shares of Meta Platforms in a research report on Tuesday, July 30th. Stifel Nicolaus raised their price objective on Meta Platforms from $550.00 to $590.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Evercore ISI lifted their target price on Meta Platforms from $550.00 to $600.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average target price of $574.41.

    Get Our Latest Stock Analysis on Meta Platforms

    Insiders Place Their Bets

    In other news, insider Jennifer Newstead sold 901 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $451.15, for a total value of $406,486.15. Following the sale, the insider now directly owns 33,324 shares in the company, valued at approximately $15,034,122.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Meta Platforms news, insider Jennifer Newstead sold 901 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $451.15, for a total value of $406,486.15. Following the completion of the transaction, the insider now directly owns 33,324 shares in the company, valued at $15,034,122.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Javier Olivan sold 412 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $463.00, for a total transaction of $190,756.00. Following the transaction, the chief operating officer now directly owns 5,559 shares of the company’s stock, valued at approximately $2,573,817. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 384,783 shares of company stock valued at $194,001,589. 13.71% of the stock is currently owned by corporate insiders.

    Meta Platforms Price Performance

    NASDAQ:META traded up $2.85 during mid-day trading on Wednesday, reaching $529.58. The stock had a trading volume of 826,787 shares, compared to its average volume of 16,176,936. Meta Platforms, Inc. has a 12 month low of $276.03 and a 12 month high of $542.81. The stock has a market capitalization of $1.34 trillion, a PE ratio of 30.25, a P/E/G ratio of 1.27 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.83 and a quick ratio of 2.68. The stock has a 50-day simple moving average of $501.40 and a two-hundred day simple moving average of $489.81.

    Meta Platforms (NASDAQ:META – Get Free Report) last issued its earnings results on Wednesday, July 31st. The social networking company reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.70 by $0.46. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The firm had revenue of $39.07 billion for the quarter, compared to the consensus estimate of $38.26 billion. During the same quarter last year, the business posted $3.23 EPS. The company’s revenue was up 22.1% compared to the same quarter last year. On average, equities analysts anticipate that Meta Platforms, Inc. will post 20.5 earnings per share for the current year.

    Meta Platforms Dividend Announcement

    The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Friday, June 14th. Meta Platforms’s dividend payout ratio is presently 11.49%.

    About Meta Platforms

    (Free Report)

    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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    Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META – Free Report).

    Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

    Receive News & Ratings for Meta Platforms Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Meta Platforms and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • Insight Wealth Partners LLC Has $516,000 Holdings in Meta Platforms, Inc. (NASDAQ:META)

    Insight Wealth Partners LLC Has $516,000 Holdings in Meta Platforms, Inc. (NASDAQ:META)

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    Insight Wealth Partners LLC lifted its stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 38.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,023 shares of the social networking company’s stock after acquiring an additional 286 shares during the period. Insight Wealth Partners LLC’s holdings in Meta Platforms were worth $516,000 at the end of the most recent reporting period.

    A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brookstone Capital Management grew its holdings in shares of Meta Platforms by 33.8% during the 2nd quarter. Brookstone Capital Management now owns 40,974 shares of the social networking company’s stock worth $18,930,000 after purchasing an additional 10,341 shares in the last quarter. Rovin Capital UT ADV lifted its position in Meta Platforms by 48.8% in the second quarter. Rovin Capital UT ADV now owns 674 shares of the social networking company’s stock worth $340,000 after purchasing an additional 221 shares during the period. Stanley Laman Group Ltd. boosted its stake in Meta Platforms by 26.5% during the second quarter. Stanley Laman Group Ltd. now owns 1,678 shares of the social networking company’s stock worth $846,000 after buying an additional 352 shares in the last quarter. Blue Trust Inc. increased its holdings in Meta Platforms by 96.4% in the 2nd quarter. Blue Trust Inc. now owns 13,014 shares of the social networking company’s stock valued at $6,319,000 after buying an additional 6,388 shares during the period. Finally, Rappaport Reiches Capital Management LLC raised its stake in shares of Meta Platforms by 24.1% in the 2nd quarter. Rappaport Reiches Capital Management LLC now owns 3,203 shares of the social networking company’s stock valued at $1,615,000 after buying an additional 623 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

    Meta Platforms Price Performance

    META opened at $527.42 on Friday. The company has a fifty day moving average price of $500.48 and a two-hundred day moving average price of $487.81. The firm has a market capitalization of $1.34 trillion, a PE ratio of 30.29, a P/E/G ratio of 1.27 and a beta of 1.21. Meta Platforms, Inc. has a 52 week low of $274.38 and a 52 week high of $542.81. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.83.

    Meta Platforms (NASDAQ:META – Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The social networking company reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.46. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The business had revenue of $39.07 billion during the quarter, compared to analysts’ expectations of $38.26 billion. During the same period in the previous year, the firm earned $3.23 earnings per share. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. As a group, analysts anticipate that Meta Platforms, Inc. will post 20.5 earnings per share for the current year.

    Meta Platforms Announces Dividend

    The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Friday, June 14th were given a $0.50 dividend. The ex-dividend date was Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.38%. Meta Platforms’s dividend payout ratio is 11.49%.

    Insider Buying and Selling

    In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $467.57, for a total value of $423,150.85. Following the sale, the insider now directly owns 43,275 shares in the company, valued at $20,234,091.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Meta Platforms news, insider Jennifer Newstead sold 905 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $467.57, for a total value of $423,150.85. Following the completion of the sale, the insider now directly owns 43,275 shares in the company, valued at $20,234,091.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Zuckerberg sold 2,011 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $500.92, for a total value of $1,007,350.12. Following the sale, the chief executive officer now directly owns 318,932 shares in the company, valued at approximately $159,759,417.44. The disclosure for this sale can be found here. Insiders have sold 349,174 shares of company stock valued at $175,146,777 in the last 90 days. 13.71% of the stock is owned by insiders.

    Analyst Ratings Changes

    Several analysts have recently weighed in on META shares. BMO Capital Markets reiterated a “market perform” rating and set a $450.00 target price on shares of Meta Platforms in a research report on Wednesday, June 12th. Barclays upped their price objective on Meta Platforms from $520.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. TD Cowen raised their target price on Meta Platforms from $530.00 to $600.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Roth Mkm boosted their price target on Meta Platforms from $510.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Piper Sandler increased their price objective on Meta Platforms from $545.00 to $575.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $574.41.

    Read Our Latest Stock Report on Meta Platforms

    About Meta Platforms

    (Free Report)

    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.

    See Also

    Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META – Free Report).

    Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

    Receive News & Ratings for Meta Platforms Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Meta Platforms and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • Meta kills off misinformation tracking tool CrowdTangle despite pleas from researchers, journalists

    Meta kills off misinformation tracking tool CrowdTangle despite pleas from researchers, journalists

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    SAN FRANCISCO (AP) — Facebook and Instagram parent Meta Platforms has shut down CrowdTangle, a tool widely used by researchers, watchdog organizations and journalists to monitor social media posts, notably to track how misinformation spreads on the company’s platforms.

    Wednesday’s shutdown, which Meta announced earlier this year, has been protested by researchers and nonprofits. In May, dozens of groups, including the Center for Democracy and Technology, the Digital Forensic Research Lab at the Atlantic Council, Human Rights Watch and NYU’s Center for Social Media & Politics, sent a letter to the company asking that it keep the tool running through at least January so it would be available through the U.S. presidential elections.

    “This decision jeopardizes essential pre- and post-election oversight mechanisms and undermines Meta’s transparency efforts during this critical period, and at a time when social trust and digital democracy are alarmingly fragile,” the letter said.

    CrowdTangle, “has been an essential tool in helping researchers parse through the vast amount of information on the platform and identify harmful content and threats,” it added.

    In March, the nonprofit Mozilla Foundation sent Meta a similar letter asking it to keep the tool, which was available for free, functioning until January. That letter was also signed by several dozen groups and individual academic researchers.

    “For years, CrowdTangle has represented an industry best practice for real-time platform transparency. It has become a lifeline for understanding how disinformation, hate speech, and voter suppression spread on Facebook, undermining civic discourse and democracy,” the Mozilla letter said.

    Meta has released an alternative to CrowdTangle, called the Meta Content Library. But access to it is limited to academic researchers and nonprofits, which excludes most news organizations. Critics have also complained that it’s not as useful as CrowdTangle — at least not yet.

    Nick Clegg, Meta’s president of global affairs, said in a blog post last week that the company has been gathering feedback about Meta Content Library from “hundreds of researchers in order to make it more user-friendly and help them find the data they need for their work.”

    Meta said Wednesday that CrowdTangle doesn’t provide a complete picture of what is happening on its platforms and said its new tools are more comprehensive.

    Meta acquired CrowdTangle in 2016.

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  • BCGM Wealth Management LLC Purchases 66 Shares of Meta Platforms, Inc. (NASDAQ:META)

    BCGM Wealth Management LLC Purchases 66 Shares of Meta Platforms, Inc. (NASDAQ:META)

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    BCGM Wealth Management LLC grew its position in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 5.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,311 shares of the social networking company’s stock after acquiring an additional 66 shares during the period. BCGM Wealth Management LLC’s holdings in Meta Platforms were worth $637,000 as of its most recent filing with the SEC.

    A number of other large investors also recently modified their holdings of the company. Purus Wealth Management LLC increased its holdings in Meta Platforms by 6.7% in the fourth quarter. Purus Wealth Management LLC now owns 3,198 shares of the social networking company’s stock valued at $1,132,000 after purchasing an additional 200 shares during the period. Daymark Wealth Partners LLC grew its holdings in Meta Platforms by 3.5% during the 4th quarter. Daymark Wealth Partners LLC now owns 10,309 shares of the social networking company’s stock worth $3,649,000 after acquiring an additional 347 shares during the period. Howard Financial Services LTD. grew its holdings in Meta Platforms by 11.2% during the 4th quarter. Howard Financial Services LTD. now owns 960 shares of the social networking company’s stock worth $340,000 after acquiring an additional 97 shares during the period. Dfpg Investments LLC grew its holdings in Meta Platforms by 2.9% during the 4th quarter. Dfpg Investments LLC now owns 47,576 shares of the social networking company’s stock worth $16,388,000 after acquiring an additional 1,342 shares during the period. Finally, Silvia Mccoll Wealth Management LLC acquired a new stake in Meta Platforms during the 4th quarter worth about $254,000. 79.91% of the stock is currently owned by institutional investors.

    Meta Platforms Price Performance

    Shares of Meta Platforms stock traded up $2.68 during trading hours on Monday, reaching $501.55. The company’s stock had a trading volume of 6,465,276 shares, compared to its average volume of 16,133,846. The firm has a 50 day moving average price of $492.56 and a 200-day moving average price of $467.54. Meta Platforms, Inc. has a one year low of $274.38 and a one year high of $542.81. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 2.68. The stock has a market cap of $1.27 trillion, a P/E ratio of 28.70, a P/E/G ratio of 1.29 and a beta of 1.21.

    Meta Platforms (NASDAQ:META – Get Free Report) last posted its earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The firm had revenue of $36.46 billion for the quarter, compared to the consensus estimate of $36.28 billion. On average, analysts predict that Meta Platforms, Inc. will post 20.21 EPS for the current year.

    Meta Platforms Dividend Announcement

    The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th were given a $0.50 dividend. The ex-dividend date was Friday, June 14th. This represents a $2.00 annualized dividend and a yield of 0.40%. Meta Platforms’s dividend payout ratio (DPR) is 11.49%.

    Wall Street Analyst Weigh In

    A number of analysts have weighed in on META shares. Truist Financial decreased their price target on Meta Platforms from $550.00 to $535.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Wedbush dropped their price target on shares of Meta Platforms from $570.00 to $480.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. TD Securities lifted their target price on shares of Meta Platforms from $530.00 to $600.00 in a research report on Wednesday, July 10th. UBS Group dropped their target price on shares of Meta Platforms from $610.00 to $575.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, Oppenheimer dropped their target price on shares of Meta Platforms from $585.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $515.64.

    Read Our Latest Analysis on META

    Insider Buying and Selling at Meta Platforms

    In related news, Director Sheryl Sandberg sold 105,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $476.71, for a total transaction of $50,054,550.00. Following the completion of the transaction, the director now owns 630,293 shares in the company, valued at approximately $300,466,976.03. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Jennifer Newstead sold 585 shares of the stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $498.59, for a total value of $291,675.15. Following the sale, the insider now owns 37,813 shares in the company, valued at $18,853,183.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sheryl Sandberg sold 105,000 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $476.71, for a total transaction of $50,054,550.00. Following the completion of the sale, the director now owns 630,293 shares in the company, valued at approximately $300,466,976.03. The disclosure for this sale can be found here. Insiders sold a total of 294,278 shares of company stock valued at $146,060,559 in the last three months. Company insiders own 13.71% of the company’s stock.

    Meta Platforms Company Profile

    (Free Report)

    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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    Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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  • Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Baird Financial Group Inc.

    Meta Platforms, Inc. (NASDAQ:META) Shares Acquired by Baird Financial Group Inc.

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    Baird Financial Group Inc. boosted its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 24.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 835,972 shares of the social networking company’s stock after purchasing an additional 163,067 shares during the period. Meta Platforms makes up 0.7% of Baird Financial Group Inc.’s portfolio, making the stock its 29th biggest position. Baird Financial Group Inc.’s holdings in Meta Platforms were worth $295,901,000 at the end of the most recent quarter.

    Other large investors have also added to or reduced their stakes in the company. Stone House Investment Management LLC grew its holdings in Meta Platforms by 625.0% during the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after purchasing an additional 75 shares in the last quarter. Beaird Harris Wealth Management LLC grew its holdings in Meta Platforms by 68.9% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after acquiring an additional 42 shares in the last quarter. Quest Partners LLC acquired a new position in Meta Platforms during the 4th quarter worth $32,000. Clear Investment Research LLC grew its holdings in Meta Platforms by 411.1% during the 4th quarter. Clear Investment Research LLC now owns 92 shares of the social networking company’s stock worth $33,000 after acquiring an additional 74 shares in the last quarter. Finally, Cranbrook Wealth Management LLC grew its holdings in Meta Platforms by 80.4% during the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after acquiring an additional 45 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

    Meta Platforms Trading Up 0.3 %

    Shares of META stock opened at $508.84 on Thursday. Meta Platforms, Inc. has a 1 year low of $268.32 and a 1 year high of $531.49. The firm’s fifty day simple moving average is $480.99 and its 200 day simple moving average is $439.92. The firm has a market capitalization of $1.29 trillion, a P/E ratio of 29.23, a price-to-earnings-growth ratio of 1.30 and a beta of 1.21. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12.

    Meta Platforms (NASDAQ:META – Get Free Report) last announced its earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The business had revenue of $36.46 billion for the quarter, compared to analyst estimates of $36.28 billion. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 20.16 EPS for the current year.

    Meta Platforms Dividend Announcement

    The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Friday, June 14th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Friday, June 14th. Meta Platforms’s dividend payout ratio (DPR) is currently 11.49%.

    Insider Buying and Selling

    In related news, insider Jennifer Newstead sold 585 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $431.05, for a total transaction of $252,164.25. Following the transaction, the insider now owns 36,643 shares of the company’s stock, valued at $15,794,965.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Meta Platforms news, CEO Mark Zuckerberg sold 16,702 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $503.18, for a total value of $8,404,112.36. Following the sale, the chief executive officer now owns 301,478 shares of the company’s stock, valued at approximately $151,697,700.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jennifer Newstead sold 585 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $431.05, for a total transaction of $252,164.25. Following the completion of the sale, the insider now directly owns 36,643 shares in the company, valued at approximately $15,794,965.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 514,525 shares of company stock valued at $253,108,340. 13.71% of the stock is owned by company insiders.

    Analyst Ratings Changes

    Several research analysts have weighed in on the stock. Canaccord Genuity Group decreased their price objective on shares of Meta Platforms from $610.00 to $575.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Meta Platforms from $540.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Wolfe Research cut their price objective on shares of Meta Platforms from $530.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 price objective on shares of Meta Platforms in a research report on Wednesday. Finally, Roth Mkm lifted their price objective on shares of Meta Platforms from $500.00 to $510.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $510.41.

    Check Out Our Latest Report on Meta Platforms

    Meta Platforms Company Profile

    (Free Report)

    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.

    See Also

    Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META – Free Report).

    Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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  • Voyager Global Management LP Purchases 140,000 Shares of Meta Platforms, Inc. (NASDAQ:META)

    Voyager Global Management LP Purchases 140,000 Shares of Meta Platforms, Inc. (NASDAQ:META)

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    Voyager Global Management LP grew its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 37.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 515,000 shares of the social networking company’s stock after purchasing an additional 140,000 shares during the quarter. Meta Platforms accounts for 8.7% of Voyager Global Management LP’s portfolio, making the stock its 7th largest position. Voyager Global Management LP’s holdings in Meta Platforms were worth $182,289,000 at the end of the most recent quarter.

    Several other hedge funds also recently modified their holdings of the company. California State Teachers Retirement System grew its holdings in shares of Meta Platforms by 1.5% during the fourth quarter. California State Teachers Retirement System now owns 3,576,285 shares of the social networking company’s stock valued at $1,265,862,000 after buying an additional 51,900 shares in the last quarter. Donoghue Forlines LLC grew its holdings in shares of Meta Platforms by 94.4% during the fourth quarter. Donoghue Forlines LLC now owns 8,349 shares of the social networking company’s stock valued at $2,955,000 after buying an additional 4,054 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Meta Platforms by 7.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 451,581 shares of the social networking company’s stock valued at $159,841,000 after purchasing an additional 32,423 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. boosted its position in Meta Platforms by 400.0% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 2,500 shares of the social networking company’s stock valued at $885,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Bank of Stockton boosted its position in Meta Platforms by 9.2% during the fourth quarter. Bank of Stockton now owns 4,743 shares of the social networking company’s stock valued at $1,819,000 after purchasing an additional 400 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

    Analyst Ratings Changes

    META has been the subject of a number of research reports. UBS Group reduced their price objective on Meta Platforms from $610.00 to $575.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Wells Fargo & Company reduced their price objective on Meta Platforms from $609.00 to $600.00 and set an “overweight” rating for the company in a research report on Wednesday, April 3rd. Stifel Nicolaus boosted their price target on Meta Platforms from $527.00 to $588.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Benchmark reaffirmed a “hold” rating on shares of Meta Platforms in a research report on Monday, April 22nd. Finally, Roth Mkm boosted their price target on Meta Platforms from $500.00 to $510.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average target price of $510.41.

    Read Our Latest Research Report on Meta Platforms

    Insider Buying and Selling

    In related news, insider Jennifer Newstead sold 585 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $431.05, for a total transaction of $252,164.25. Following the completion of the transaction, the insider now owns 36,643 shares in the company, valued at $15,794,965.15. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Meta Platforms news, Director Sheryl Sandberg sold 105,000 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $476.71, for a total transaction of $50,054,550.00. Following the completion of the transaction, the director now owns 630,293 shares in the company, valued at $300,466,976.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer Newstead sold 585 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $431.05, for a total transaction of $252,164.25. Following the transaction, the insider now owns 36,643 shares of the company’s stock, valued at approximately $15,794,965.15. The disclosure for this sale can be found here. Over the last quarter, insiders sold 573,397 shares of company stock worth $282,152,645. 13.71% of the stock is owned by insiders.

    Meta Platforms Stock Performance

    META stock traded up $2.32 during midday trading on Monday, reaching $495.28. 2,431,467 shares of the company’s stock traded hands, compared to its average volume of 16,833,336. Meta Platforms, Inc. has a 52-week low of $265.33 and a 52-week high of $531.49. The stock has a market cap of $1.26 trillion, a P/E ratio of 28.29, a PEG ratio of 1.28 and a beta of 1.21. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12. The stock’s 50-day moving average is $480.52 and its 200 day moving average is $437.11.

    Meta Platforms (NASDAQ:META – Get Free Report) last announced its earnings results on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. The business had revenue of $36.46 billion during the quarter, compared to analysts’ expectations of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. As a group, analysts anticipate that Meta Platforms, Inc. will post 20.16 EPS for the current year.

    Meta Platforms Announces Dividend

    The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Friday, June 14th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.40%. Meta Platforms’s dividend payout ratio is 11.49%.

    Meta Platforms Company Profile

    (Free Report)

    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.

    Further Reading

    Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

    Receive News & Ratings for Meta Platforms Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Meta Platforms and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • California State Teachers Retirement System Has $1.27 Billion Holdings in Meta Platforms, Inc. (NASDAQ:META)

    California State Teachers Retirement System Has $1.27 Billion Holdings in Meta Platforms, Inc. (NASDAQ:META)

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    California State Teachers Retirement System grew its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,576,285 shares of the social networking company’s stock after acquiring an additional 51,900 shares during the quarter. Meta Platforms comprises approximately 1.7% of California State Teachers Retirement System’s holdings, making the stock its 6th largest holding. California State Teachers Retirement System owned 0.14% of Meta Platforms worth $1,265,862,000 at the end of the most recent quarter.

    A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Addison Advisors LLC boosted its position in Meta Platforms by 3.9% in the fourth quarter. Addison Advisors LLC now owns 670 shares of the social networking company’s stock valued at $237,000 after buying an additional 25 shares during the last quarter. Smithfield Trust Co boosted its position in Meta Platforms by 0.5% in the fourth quarter. Smithfield Trust Co now owns 4,895 shares of the social networking company’s stock valued at $1,730,000 after buying an additional 25 shares during the last quarter. American National Bank boosted its position in Meta Platforms by 1.6% in the fourth quarter. American National Bank now owns 1,590 shares of the social networking company’s stock valued at $563,000 after buying an additional 25 shares during the last quarter. WoodTrust Financial Corp boosted its position in Meta Platforms by 1.8% in the fourth quarter. WoodTrust Financial Corp now owns 1,547 shares of the social networking company’s stock valued at $548,000 after buying an additional 27 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners boosted its position in Meta Platforms by 0.6% in the fourth quarter. Tennessee Valley Asset Management Partners now owns 4,566 shares of the social networking company’s stock valued at $1,616,000 after buying an additional 27 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

    Insider Transactions at Meta Platforms

    In other news, Director Sheryl Sandberg sold 105,000 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $476.71, for a total transaction of $50,054,550.00. Following the completion of the transaction, the director now directly owns 630,293 shares in the company, valued at approximately $300,466,976.03. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Mark Zuckerberg sold 77,412 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $497.61, for a total transaction of $38,520,985.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sheryl Sandberg sold 105,000 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $476.71, for a total value of $50,054,550.00. Following the transaction, the director now owns 630,293 shares of the company’s stock, valued at $300,466,976.03. The disclosure for this sale can be found here. In the last ninety days, insiders sold 713,553 shares of company stock worth $351,962,991. 13.71% of the stock is currently owned by company insiders.

    Analyst Ratings Changes

    Several equities research analysts have commented on the company. Truist Financial lowered their price objective on Meta Platforms from $550.00 to $535.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Wells Fargo & Company lowered their price objective on Meta Platforms from $609.00 to $600.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 3rd. Canaccord Genuity Group lowered their price objective on Meta Platforms from $610.00 to $575.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Raymond James lowered their price objective on Meta Platforms from $550.00 to $525.00 and set a “strong-buy” rating on the stock in a research report on Thursday, April 25th. Finally, Rosenblatt Securities upped their price objective on Meta Platforms from $520.00 to $562.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $509.80.

    Read Our Latest Research Report on META

    Meta Platforms Stock Up 0.4 %

    Shares of META opened at $468.55 on Monday. Meta Platforms, Inc. has a 52-week low of $258.88 and a 52-week high of $531.49. The company has a market capitalization of $1.19 trillion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 1.21 and a beta of 1.21. The stock has a fifty day simple moving average of $481.07 and a two-hundred day simple moving average of $431.83. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12.

    Meta Platforms (NASDAQ:META – Get Free Report) last issued its earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. The business had revenue of $36.46 billion during the quarter, compared to the consensus estimate of $36.28 billion. As a group, equities analysts forecast that Meta Platforms, Inc. will post 20.19 EPS for the current year.

    Meta Platforms Announces Dividend

    The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, June 14th. Meta Platforms’s dividend payout ratio is presently 11.49%.

    Meta Platforms Company Profile

    (Free Report)

    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.

    Further Reading

    Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

    Receive News & Ratings for Meta Platforms Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Meta Platforms and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • Meta Platforms Just Shared Some Spectacular News for Nvidia Stock Investors

    Meta Platforms Just Shared Some Spectacular News for Nvidia Stock Investors

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    In today’s video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA), Meta Platforms (NASDAQ: META), and other semiconductor companies. Check out the short video to learn more, consider subscribing, and click the special offer link below.

    *Stock prices used were the after-market prices of April 24, 2024. The video was published on April 24, 2024.

    Should you invest $1,000 in Nvidia right now?

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    The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

    Consider when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $488,186!*

    Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*.

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    Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Jose Najarro has positions in Meta Platforms, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Meta Platforms, Microsoft, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

    Meta Platforms Just Shared Some Spectacular News for Nvidia Stock Investors was originally published by The Motley Fool

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  • Mark Zuckerberg overtakes Elon Musk as the world’s 3rd-richest person as their companies’ stocks go in opposite directions

    Mark Zuckerberg overtakes Elon Musk as the world’s 3rd-richest person as their companies’ stocks go in opposite directions

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    &quotThe internet is fickle,” Nierman told BI.JOSH EDELSON/Getty Images; Nathan Howard/Getty Images

    • Mark Zuckerberg has overtaken Elon Musk as the world’s third-richest person, with a $175 billion fortune.

    • Zuckerberg has gained $47 billion in wealth this year while Musk has lost $55 billion, according to data from Bloomberg.

    • The shift in wealth has been driven by Meta Platforms stock soaring and Tesla shares plunging.

    A near mirror image in stock-price performance has helped catapult Mark Zuckerberg ahead of Elon Musk as the world’s third-richest person, according to data from Bloomberg.

    Mark Zuckerberg had a net worth of $175 billion as of Wednesday, just slightly overtaking Musk’s net worth of $174 billion. That gap is set to widen on Thursday as shares of Tesla decline to a new 52-week low while Meta Platforms stock pushes toward all-time highs.

    Year-to-date, Zuckerberg has added $47.3 billion to his net worth while Musk has seen his net worth decline by $55.2 billion. That decline has knocked Musk down from the status of being the world’s richest person to the world’s fourth richest person.

    Musk is ahead of Bill Gates’ $149 billion fortune, while Zuckerberg is behind Jeff Bezos’ $203 billion fortune and Bernard Arnault’s $221 billion net worth.

    Driving the shift in fortunes for Musk and Zuckerberg is the performance of their respective stocks. Meta Platforms has surged 43% year-to-date, while shares of Tesla are down nearly 40%.

    Tesla stock price performance versus Meta PlatformsTesla stock price performance versus Meta Platforms

    YCharts

    Solid fourth-quarter earnings results, a newly initiated dividend, and growing investor enthusiasm for the impact artificial intelligence is having on Meta Platforms’ underlying business are in stark contrast to the slowing sales growth at Tesla, declining profit margins, and “thesis-changing” robotaxi pivot at Tesla.

    Zuckerberg’s source of wealth is extremely concentrated in Meta Platforms stock. The Facebook co-founder owns about 13% of the social media company. That’s in contrast to Musk, who has many business ventures driving his fortune, including Tesla, SpaceX, and X.

    Musk and Zuckerberg have been at odds with each other in the past, culminating in both agreeing to fighting in a cage match last year. The fight never happened.

    Read the original article on Business Insider

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  • Facebook Killing Hard-To-Find News Tab Because It Says Users Don’t Care About News

    Facebook Killing Hard-To-Find News Tab Because It Says Users Don’t Care About News

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    Facebook plans to “deprecate” its News tab for users in the United States and Australia by April, according to an announcement published Thursday night. What does that mean? As best we can tell, it means Facebook doesn’t want anyone to use the platform for news anymore and will be killing its dedicated News tab.

    Meta’s Apparent Firing Goof

    “In early April 2024, we will deprecate Facebook News—a dedicated tab in the bookmarks section on Facebook that spotlights news—in the US and Australia. This follows our September 2023 announcement that we deprecated Facebook News in the UK, France and Germany last year,” the unsigned announcement reads.

    Facebook insists users don’t use the social media site for news anyway, claiming that just 3% of what users see globally is news articles.

    “The number of people using Facebook News in Australia and the U.S. has dropped by over 80% last year. We know that people don’t come to Facebook for news and political content—they come to connect with people and discover new opportunities, passions and interests,” the announcement continues.

    Why is Facebook saying they’ll “deprecate” the news, a word that seems like an odd choice? Typically, most Americans probably understand the word deprecate as expressing disapproval. Other common definitions include “disparage or belittle,” but Facebook is using the term “deprecate” as a synonym for de-prioritize and phase out. The News tab was already pretty damn de-prioritized if you look at where it shows up already.

    I took the screenshot below to show just how “deprecated” the News tab already is compared with all the other tabs. I had to zoom out on my browser’s perspective to even show the News tab without scrolling down. That part circled in red down there? That’s the News tab.

    A screenshot of Facebook as it exists today, with the News tab circled in red.
    Screenshot: Facebook

    And that prime placement might suggest Facebook users don’t necessarily dislike news. Perhaps they just doesn’t know where to find it.

    The decision to kill the Facebook News tab comes after other Meta properties like Instagram and Threads have made it explicitly clear they don’t want to be in the news business. Instagram head Adam Mosseri has said since the introduction of Threads last year that it’s not a place for news.

    Facebook stressed in its announcement on Thursday that news outlets will still be able to share their content on the platform and users will still be allowed to share any news article they like in their own feeds. Facebook also noted they’re still committed to fact-checking claims on the site.

    “This does not impact our commitment to connecting people to reliable information on our platforms. We work with third-party fact-checkers—certified through accreditation bodies like the non-partisan International Fact-Checking Network—who review and rate viral misinformation on our apps,” Facebook said.

    “We have built the largest global fact-checking network of any platform by partnering with more than 90 independent fact-checking organizations around the world who review content in more than 60 languages,” the announcement continued.

    Update, 11:10 p.m. ET: Facebook responded to emailed questions Thursday night by confirming its use of the word “deprecate” means “remove.”

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    Matt Novak

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