AUS
NZ
UK
CA
USA
IND
Highlights:
- RFG Advisory LLC increased its holdings in Meta Platforms, Inc. by 31.5%, now owning 19,743 shares valued at approximately $9,955,000.
- Northstar Advisory Group LLC boosted its stake by 63.0%, holding 7,525 shares worth $4,406,000.
- Client 1ST Advisory Group LLC acquired 1,847 shares, valued at about $1,081,000.
Institutional investors have shown varied interest in Meta Platforms. Some have increased their holdings, while others have reduced their positions. For instance, Wealth Alliance Advisory Group LLC decreased its stake by 1.0%, now owning 4,934 shares valued at $2,889,000.
Perspectives on Meta Platforms
There have been shifts in price targets for Meta Platforms, Inc. (NASDAQ:META). Piper Sandler raised its target price from $650.00 to $670.00, maintaining an "overweight" rating. Similarly, Jefferies Financial Group increased its target from $675.00 to $715.00, also assigning a "buy" rating.
Company Performance
Meta Platforms reported earnings per share of $6.03 for the quarter ending October 30, 2024, surpassing expectations of $5.19. The company achieved a net margin of 35.55% and a return on equity of 35.60%. Revenue for the quarter was $40.59 billion, exceeding the consensus estimate of $40.21 billion.
Stock Performance
As of January 28, 2025, Meta Platforms' stock opened at $612.77. The company has a market capitalization of $1.55 trillion, a P/E ratio of 28.86, and a beta of 1.19. The stock has a 50-day moving average of $597.37 and a 200-day moving average of $557.77.
These developments reflect the dynamic nature of institutional investments and evaluations concerning Meta Platforms, Inc. (NASDAQ:META).
