Meta Platforms (NASDAQ:META - Get Free Report) had its target price increased by Roth Capital from $620.00 to $740.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the social networking company's stock. Roth Capital's target price indicates a potential upside of 2.96% from the stock's previous close. Roth Capital also issued estimates for Meta Platforms' Q2 2025 earnings at $6.36 EPS, Q3 2025 earnings at $6.10 EPS, Q4 2025 earnings at $7.42 EPS, FY2025 earnings at $26.30 EPS, Q1 2026 earnings at $6.32 EPS, Q2 2026 earnings at $6.69 EPS, Q3 2026 earnings at $6.92 EPS, Q4 2026 earnings at $9.00 EPS and FY2026 earnings at $28.92 EPS.
Several other research analysts have also recently weighed in on the stock. Wedbush increased their price target on shares of Meta Platforms from $680.00 to $750.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Royal Bank Of Canada reissued an "outperform" rating and issued a $740.00 price objective on shares of Meta Platforms in a research note on Thursday, May 1st. Loop Capital raised their target price on shares of Meta Platforms from $695.00 to $888.00 and gave the company a "buy" rating in a research report on Friday, May 16th. DA Davidson cut their price target on shares of Meta Platforms from $800.00 to $650.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Stifel Nicolaus lifted their target price on shares of Meta Platforms from $628.00 to $655.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Five analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $729.38.
Get Our Latest Report on Meta Platforms
Meta Platforms Trading Down 1.2%
Shares of META stock traded down $8.53 on Tuesday, hitting $718.71. The stock had a trading volume of 8,682,942 shares, compared to its average volume of 14,481,100. Meta Platforms has a twelve month low of $442.65 and a twelve month high of $747.90. The firm has a market cap of $1.81 trillion, a P/E ratio of 28.02, a PEG ratio of 1.80 and a beta of 1.28. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average price of $672.36 and a two-hundred day moving average price of $633.41.
Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The social networking company reported $6.43 EPS for the quarter, topping analysts' consensus estimates of $5.33 by $1.10. Meta Platforms had a net margin of 39.11% and a return on equity of 38.69%. The company had revenue of $42.31 billion during the quarter, compared to the consensus estimate of $41.45 billion. During the same period in the prior year, the business posted $4.71 EPS. The company's quarterly revenue was up 16.1% on a year-over-year basis. As a group, analysts forecast that Meta Platforms will post 26.7 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, COO Javier Olivan sold 517 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $717.51, for a total transaction of $370,952.67. Following the sale, the chief operating officer owned 7,336 shares in the company, valued at approximately $5,263,653.36. This trade represents a 6.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jennifer Newstead sold 519 shares of the firm's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $721.57, for a total transaction of $374,494.83. Following the sale, the insider owned 27,107 shares in the company, valued at approximately $19,559,597.99. This trade represents a 1.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 153,792 shares of company stock worth $105,466,325 in the last three months. 13.61% of the stock is currently owned by corporate insiders.
Institutional Trading of Meta Platforms
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Opulen Financial Group LLC bought a new stake in Meta Platforms in the 4th quarter worth $325,000. Brighton Jones LLC grew its holdings in Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after acquiring an additional 570 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after acquiring an additional 875 shares during the last quarter. SOA Wealth Advisors LLC. grew its holdings in Meta Platforms by 5.5% in the 4th quarter. SOA Wealth Advisors LLC. now owns 3,397 shares of the social networking company's stock worth $1,989,000 after acquiring an additional 178 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG boosted its stake in shares of Meta Platforms by 3.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 221,459 shares of the social networking company's stock valued at $129,666,000 after purchasing an additional 7,587 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.
About Meta Platforms
(
Get 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
Before you consider Meta Platforms, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Meta Platforms wasn't on the list.
While Meta Platforms currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
