Meta Platforms, Inc. (NASDAQ:META) Position Reduced by Mckinley Capital Management LLC – Notice Global Internet

Mckinley Capital Management LLC baritone its holdings in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 4.3% in the 1st quarter, according to the consort in its most past revealing with the Securities & Exchange Commission. The concern owned 45,595 shares of the ethnic networking company’s hit after commerce 2,027 shares during the quarter. Meta Platforms accounts for 2.7% of Mckinley Capital Management LLC’s portfolio, making the hit its 5th maximal position. Mckinley Capital Management LLC’s holdings in Meta Platforms were worth $22,140,000 as of its most past SEC filing.

Several another super investors also fresh prefabricated changes to their positions in META. Norges Bank acquired a newborn function in Meta Platforms during the 4th lodge worth roughly $11,285,855,000. International Assets Investment Management LLC upraised its wager in shares of Meta Platforms by 11,154.4% during the ordinal quarter. International Assets Investment Management LLC today owns 4,952,254 shares of the ethnic networking company’s hit valued at $1,752,900,000 after purchase an added 4,908,251 shares during the period. Capital Research Global Investors raised its function in shares of Meta Platforms by 17.2% during the ordinal quarter. Capital Research Global Investors today owns 30,217,175 shares of the ethnic networking company’s hit worth $10,695,722,000 after purchase an added 4,440,229 shares in the terminal quarter. Concentrum Wealth Management raised its function in shares of Meta Platforms by 111.0% during the ordinal quarter. Concentrum Wealth Management today owns 7,391,877 shares of the ethnic networking company’s hit worth $2,616,000 after purchase an added 3,888,308 shares in the terminal quarter. Finally, Vanguard Group Inc. grew its holdings in Meta Platforms by 1.7% during the 4th quarter. Vanguard Group Inc. today owns 186,349,346 shares of the ethnic networking company’s hit valued at $65,960,215,000 after purchase an added 3,104,550 shares in the terminal quarter. Institutional investors and inclose assets possess 79.91% of the company’s stock.

Meta Platforms Stock Performance

Shares of NASDAQ META unsealed at $529.32 on Tuesday. Meta Platforms, Inc. has a 1 assemblage baritone of $274.38 and a 1 assemblage broad of $542.81. The concern has a mart container of $1.34 trillion, a P/E ratio of 30.40, a PEG ratio of 1.40 and a beta of 1.21. The hit has a banknote period agitated cipher toll of $486.29 and a two-hundred period agitated cipher toll of $462.92. The consort has a debt-to-equity ratio of 0.12, a hurried ratio of 2.68 and a underway ratio of 2.68.

Meta Platforms (NASDAQ:META – Get Free Report) terminal free its earnings results on Wednesday, Apr 24th. The ethnic networking consort reportable $4.71 earnings per deal (EPS) for the quarter, superior analysts’ consensus estimates of $4.32 by $0.39. Meta Platforms had a convey on justness of 32.03% and a gain edge of 32.06%. The concern had income of $36.46 1000000000 for the quarter, compared to shrink estimates of $36.28 billion. Research analysts prognosticate that Meta Platforms, Inc. module place 20.15 EPS for the underway business year.

Meta Platforms Announces Dividend

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 $0.50 dividend. The ex-dividend fellow of this dividend was Friday, June 14th. This represents a $2.00 dividend on an annualized foundation and a dividend consent of 0.38%. Meta Platforms’s payout ratio is currently 11.49%.

Insider Activity at Meta Platforms

In another Meta Platforms news, CEO Mark Zuckerberg oversubscribed 8,727 shares of the company’s hit in a dealings on Friday, July 5th. The hit was oversubscribed at an cipher toll of $528.87, for a amount continuance of $4,615,448.49. Following the transaction, the honcho honcho tar today owns 178,099 shares of the company’s stock, valued at $94,191,218.13. The dealings was unconcealed in a filing with the Securities & Exchange Commission, which is acquirable finished this link. In another news, insider Jennifer Newstead oversubscribed 585 shares of Meta Platforms hit in a dealings that occurred on Tuesday, Apr 30th. The shares were oversubscribed at an cipher toll of $431.05, for a amount continuance of $252,164.25. Following the transaction, the insider today direct owns 36,643 shares of the company’s stock, valued at $15,794,965.15. The dealings was unconcealed in a jural filing with the SEC, which is reachable finished this hyperlink. Also, CEO Mark Zuckerberg oversubscribed 8,727 shares of the company’s hit in a dealings that occurred on Friday, July 5th. The shares were oversubscribed at an cipher toll of $528.87, for a amount dealings of $4,615,448.49. Following the termination of the sale, the honcho honcho tar today owns 178,099 shares of the company’s stock, valued at roughly $94,191,218.13. The revealing for this understanding crapper be institute here. Insiders oversubscribed a amount of 260,047 shares of consort hit valued at $127,838,805 over the terminal cardinal days. Insiders possess 13.71% of the company’s stock.

Analysts Set New Price Targets

META has been the matter of a sort of past shrink reports. Canaccord Genuity Group revilement their toll neutral on shares of Meta Platforms from $610.00 to $575.00 and ordered a “buy” judgement on the hit in a inform on Thursday, Apr 25th. BNP Paribas acknowledged programme on Meta Platforms in a investigate state on Thursday, May 2nd. They issued an “underperform” judgement and a $360.00 toll direct on the stock. author Research down their toll neutral on Meta Platforms from $530.00 to $500.00 and ordered an “outperform” judgement for the consort in a investigate state on Thursday, Apr 25th. Sanford C. director dropped their toll neutral on Meta Platforms from $590.00 to $565.00 and ordered an “outperform” judgement on the hit in a inform on Thursday, Apr 25th. Finally, Jefferies Financial Group baritone their direct toll on Meta Platforms from $585.00 to $540.00 and ordered a “buy” judgement for the consort in a investigate state on Thursday, Apr 25th. Two assets analysts hit rated the hit with a delude rating, threesome hit appointed a stop rating, thirty-seven hit presented a acquire judgement and digit hit appointed a brawny acquire judgement to the company’s stock. According to accumulation from MarketBeat, the consort has an cipher judgement of “Moderate Buy” and a consensus toll direct of $511.88.

Check Out Our Latest Report on Meta Platforms

Meta Platforms Company 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.

Featured Articles

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.