Addenda Capital Inc. Has $8.07 Million Stake in Meta Platforms, Inc. (NASDAQ:META) – Notice Global Web

Addenda Capital Inc. attenuated its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 34.4% during the prototypal quarter, according to its most past filing with the Securities and Exchange Commission (SEC). The concern owned 16,593 shares of the ethnic networking company’s hit after commerce 8,704 shares during the period. Addenda Capital Inc.’s holdings in Meta Platforms were worth $8,066,000 as of its most past SEC filing.

A sort of another super investors also fresh prefabricated changes to their positions in the business. Baird Financial Group Inc. boosted its function in Meta Platforms by 24.2% during the ordinal quarter. Baird Financial Group Inc. today owns 835,972 shares of the ethnic networking company’s hit worth $295,901,000 after purchase an added 163,067 shares during the period. Calif. State Teachers Retirement System upraised its wager in Meta Platforms by 1.5% during the ordinal quarter. Calif. State Teachers Retirement System today owns 3,576,285 shares of the ethnic networking company’s hit worth $1,265,862,000 after feat an added 51,900 shares in the terminal quarter. Donoghue Forlines LLC accumulated its wager in shares of Meta Platforms by 94.4% in the ordinal quarter. Donoghue Forlines LLC today owns 8,349 shares of the ethnic networking company’s hit valued at $2,955,000 after purchase an added 4,054 shares in the terminal quarter. Daiwa Securities Group Inc. accumulated its wager in shares of Meta Platforms by 7.7% in the ordinal quarter. Daiwa Securities Group Inc. today owns 451,581 shares of the ethnic networking company’s hit valued at $159,841,000 after purchase an added 32,423 shares in the terminal quarter. Finally, Voyager Global Management LP accumulated its wager in shares of Meta Platforms by 37.3% in the ordinal quarter. Voyager Global Management LP today owns 515,000 shares of the ethnic networking company’s hit valued at $182,289,000 after purchase an added 140,000 shares in the terminal quarter. Institutional investors and inclose assets possess 79.91% of the company’s stock.

Analysts Set New Price Targets

Several investigate firms fresh issued reports on META. BMO Capital Markets reiterated a “market perform” judgement and issued a $450.00 toll direct on shares of Meta Platforms in a inform on Wednesday, June 12th. parliamentarian W. Baird attenuated their toll direct on Meta Platforms from $525.00 to $500.00 and ordered an “outperform” judgement on the hit in a inform on Thursday, Apr 25th. Barclays baritone their direct toll on Meta Platforms from $550.00 to $520.00 and ordered an “overweight” judgement on the hit in a inform on Thursday, Apr 25th. Canaccord Genuity Group baritone their direct toll on Meta Platforms from $610.00 to $575.00 and ordered a “buy” judgement on the hit in a inform on Thursday, Apr 25th. Finally, Rosenblatt Securities upraised their direct toll on Meta Platforms from $520.00 to $562.00 and gave the hit a “buy” judgement in a inform on Thursday, Apr 25th. Two analysts hit rated the hit with a delude rating, threesome hit appointed a stop rating, thirty-seven hit issued a acquire judgement and digit hit presented a brawny acquire judgement to the stock. According to MarketBeat.com, the hit currently has a consensus judgement of “Moderate Buy” and a consensus direct toll of $510.05.

Get Our Latest Stock Report on META

Insider Buying and Selling

In attendant news, insider Jennifer Newstead oversubscribed 585 shares of the business’s hit in a dealings that occurred on Tuesday, Apr 9th. The hit was oversubscribed at an cipher toll of $522.00, for a amount dealings of $305,370.00. Following the transaction, the insider today direct owns 38,398 shares of the company’s stock, valued at roughly $20,043,756. The dealings was unconcealed in a jural filing with the Securities & Exchange Commission, which crapper be accessed finished this hyperlink. In attendant news, Director Sheryl Sandberg oversubscribed 105,000 shares of the business’s hit in a dealings on Wednesday, May 29th. The hit was oversubscribed at an cipher toll of $476.71, for a amount continuance of $50,054,550.00. Following the termination of the sale, the administrator today direct owns 630,293 shares in the company, valued at roughly $300,466,976.03. The dealings was unconcealed in a filing with the Securities & Exchange Commission, which is reachable finished the SEC website. Also, insider Jennifer Newstead oversubscribed 585 shares of the business’s hit in a dealings on Tuesday, Apr 9th. The shares were oversubscribed at an cipher toll of $522.00, for a amount continuance of $305,370.00. Following the termination of the sale, the insider today owns 38,398 shares of the company’s stock, valued at $20,043,756. The revealing for this understanding crapper be institute here. In the terminal threesome months, insiders hit oversubscribed 233,512 shares of consort hit valued at $113,597,536. 13.71% of the hit is owned by insiders.

Meta Platforms Stock Down 3.0 %

NASDAQ:META unsealed at $504.22 on Friday. The concern has a mart estimation of $1.28 trillion, a price-to-earnings ratio of 28.96, a price-to-earnings-growth ratio of 1.35 and a beta of 1.21. Meta Platforms, Inc. has a dozen period baritone of $274.38 and a dozen period broad of $531.49. The stock’s 50 period agitated cipher toll is $480.00 and its two-hundred period agitated cipher toll is $453.93. The consort has a hurried ratio of 2.68, a underway ratio of 2.68 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:META – Get Free Report) terminal posted its earnings results on Wednesday, Apr 24th. The ethnic networking consort reportable $4.71 earnings per deal for the quarter, superior analysts’ consensus estimates of $4.32 by $0.39. The playing had income of $36.46 1000000000 for the quarter, compared to shrink estimates of $36.28 billion. Meta Platforms had a convey on justness of 32.03% and a gain edge of 32.06%. Equities investigate analysts wait that Meta Platforms, Inc. module place 20.16 earnings per deal for the underway business year.

Meta Platforms Dividend Announcement

The concern also fresh declared a quarterly dividend, which was paying on Wednesday, June 26th. Investors of achievement on Friday, June 14th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized foundation and a dividend consent of 0.40%. The ex-dividend fellow was Friday, June 14th. Meta Platforms’s payout ratio is presently 11.49%.

Meta Platforms Profile

(Free Report)

Meta Platforms, Inc engages in the utilization of products that enable grouping to enter and deal with friends and kinsfolk finished ambulatory devices, individualized computers, realistic actuality headsets, and wearables worldwide. It operates in digit segments, Family of Apps and Reality Labs. The Family of Apps portion offers Facebook, which enables grouping to share, discuss, discover, and enter with interests; Instagram, a accord for distribution photos, videos, and clannish messages, as substantially as feed, stories, reels, video, live, and shops; Messenger, a messaging covering for grouping to enter with friends, family, communities, and businesses crossways platforms and devices finished text, audio, and recording calls; and WhatsApp, a messaging covering that is utilised by grouping and businesses to transmit and transact privately.

See Also

Receive News & Ratings for Meta Platforms Daily – Enter your telecommunicate come beneath to obtain a apothegmatic regular unofficial of the stylish programme and analysts’ ratings for Meta Platforms and attendant companies with MarketBeat.com’s FREE regular telecommunicate newsletter.