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Meta Platforms (NASDAQ:META) is now covered by New Street Research analysts.

Meta Platforms (NASDAQ:META) is now covered by New Street Research analysts.

According to Benzinga, New Street Research stock analysts started covering Meta Platform shares on Wednesday (NASDAQ: META). The company thinks that it would be beneficial to purchase the social networking giant’s stock and has established a target price of $145.00. In addition, the price forecast that New Street Research provided indicates that the share price has the potential to increase by 16.24% compared to its most recent closing price.
There have been several other stock research analysts who, when asked about META, have offered their points of view on the company. The target price that Mizuho has set for Meta Platforms has dropped from $225.00 to $180.00 due to a research note published on October 24. The analyst firm also gave the company a “buy” rating. Guggenheim disclosed in a research note released on Monday, December 12, that they had increased their price objective on Meta Platforms to $130.00. The target price that KeyCorp has set for the purchase of Meta Platforms shares has decreased from $196.00 to $175.00 due to a research note published on October 25. Despite this modification, KeyCorp has chosen to keep its rating on the stock at “overweight.” Credit Suisse Group gave the company an “outperform” rating in a research report released on Thursday, October 27. However, they lowered their price objective on Meta Platforms shares from $174.00 to $145.00 during the same period. In addition, the report recommended that the company “outperform” its competitors. Rosenblatt Securities assigned the stock the rating of “neutral” in a research report that was made public on Thursday, November 10.
Additionally, the firm lowered its price objective on Meta Platforms shares from $114.00 to $104.00 during the same period. In addition, the company has reduced the price target it had set for the stock. The company’s stock has received a recommendation to “sell” from three financial analysts, a rating of “Hold” from seventeen, a rating of “buy” from thirty-three, and a rating of “strong buy” from one analyst. According to information from the website Bloomberg.com, the company is presently rated as a “Moderate Buy” on average. The consensus regarding the price objective is that it should be $170.94.
NASDAQ Meta began trading at $124.74 on Wednesday. The stock has a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 1.83, a price-to-earnings-growth ratio of 1, and a beta value of 1.17. These measurements are all relative to one another. The total value of the shares is 330.7 billion dollars. Meta Platforms hit its all-time low of $88.09 one year ago, while the company reached its all-time high of $343.09 one year ago. For the company, the simple moving average over the past 50 days is $112.14, and the simple moving average over the past 200 days comes at a corresponding $142.44. All three of the liquidity ratios—the current ratio, the quick ratio, and the overall debt-to-equity ratio—come in at 2.57, while the overall debt-to-equity ratio is at 0.08.
On Wednesday, October 26, the most recent earnings report for Meta Platforms (NASDAQ: META) was made public. The earnings of the social networking company came in lower than the average expectation of $1.88 per share, which was a difference of $0.24 for the quarter. Instead, the company reported earnings of $1.64 per share. In addition, the company’s most recent quarter’s revenue came in at $27.71 billion, significantly higher than the average prediction of $27.40 billion made for that quarter. As can be seen by their high net margin of 24.41% and return on equity of 23.16%, Meta Platforms did quite well, as evidenced by these metrics. According to projections made by market analysts, the current fiscal year is expected to result in earnings of $8.97 per share for Meta Platforms.
On Tuesday, October 11, company insider Jennifer Newstead sold 342 shares of the company’s stock. This is another development relating to this topic that occurred on that day. It costs 44,952.48 dollars to purchase the shares, which comes to an average price of $131.44 per share. After the completion of the transaction, the company insider now directly owns 21,270 shares of the company’s stock, which have a combined value of approximately $2,795,728.80. The United States Securities and Exchange Commission was given legal documents about the transaction, which can be viewed at this location. According to reports from other sources concerning Meta Platforms, an employee with company insider status named Jennifer Newstead sold 342 shares of the company’s stock on Tuesday, October 11. It costs 44,952.48 dollars to purchase the shares, which comes to an average price of $131.44 per share. After the completion of the transaction, the company insider now directly owns 21,270 shares of the company’s stock. Each share of company stock has an estimated value of $2,795,728.80 in today’s market. You can acquire additional information regarding the transaction if you click on the link provided for you. This link will take you to an official document presented to the Securities and Exchange Commission. Besides this, the Chief Administrative Officer, On November 16, Susan J.S. Taylor, completed a transaction in which she sold 1,421 shares of the company Meta Platforms. It was determined that each share was sold at an average price of $114.39, which led to a total sale volume of 162,548.19 dollars. The price at which the shares were sold was determined. As a direct result of the sale, the chief accounting officer now owns 2,501 shares of the company’s stock in their name. These shares are currently trading at a price corresponding to a market value of approximately $286,089.39. Disclosures that are related to the sale might be found in this section of the website. The most recent ninety days have seen the sale of 39,322 shares by company insiders for a total price of $4,498,954; this accounts for 13.59% of the stock’s current ownership.
Recent changes made by hedge funds can be seen in the percentage of their overall portfolios allocated to company investments. During the second quarter, Claraphi Advisory Network LLC increased the number of Meta Platforms shares held in its portfolio by 1.3%. After purchasing 116 additional shares throughoutthe time period in question, Claraphi Advisory Network LLC now has a total of 8,855 shares of the social networking company’s stock, giving it a market value of $1,428,000. These shares were acquired during the period in question. AMI Investment Management Inc. increased the amount of Meta Platforms stock owned by 4.2% over the first three months of 2018. Following the acquisition of 784 additional shares during the most recent quarter, AMI Investment Management Inc. now holds 19,509 shares of the social networking company’s stock. Each share of this company’s stock has an estimated value of $4,338,000 based on the current market. During the first three months of 2018, Broad Run Investment Management LLC increased the amount of Meta Platforms stock held by 1.7%. Specifically, the percentage of stock that it held increased. As a result of the purchase of an additional 523 shares during the quarter, Broad Run Investment Management LLC now holds a total of 31,989 shares of stock in the social networking business. The value of these shares is $7,113,000. Overthe first three months of the year, Evergreen Capital Management LLC successfully increased its holdings in Meta Platforms by 15.9 percent. Following the acquisition of 6,965 additional shares during the most recent quarter, Evergreen Capital Management LLC now holds a total of 50,695 stock held by the social networking company. The value of the holdings of this stock that Evergreen Capital Management LLC manages comes to $11,273,000. And finally, during the second quarter, Transcend Capital Advisors LLC increased the shares it owns in Meta Platforms by 6.5%, adding the company to the portfolio of businesses it currently controls. Following the acquisition of 2,342 additional shares during the most recent quarter, Transcend Capital Advisors LLC now holds a total of 38,629 shares of the social networking company’s stock, which has a market value of $6,229,000. This brings the total number of shares that the investment company has acquired to a total of 38,629; at present, hedge funds and other types of institutional investors hold a combined total of 60.92% of the company’s shares.
The company Meta Platforms, Inc. develops products for various mediums, such as mobile devices, desktop computers, virtual reality headsets, wearable technology, and in-home gadgets. These products make it possible for people worldwide to communicate and share with their friends and family members using various mediums, such as mobile devices, desktop computers, virtual reality headsets, and wearable technology. It is divided into two completely separate sections: the Reality Labs section and the family of app sections. Facebook, which enables users to share, discover, and connect with interests; Instagram, a platform for sharing pictures, videos, and private messages; Messenger, a messaging service that enables users to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a service that enables users to connect with friends. All of these are examples of social networking platforms. All of these are instances of different platforms for social networking.

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