Meta Platforms (NASDAQ:META – Get Rating) had its price objective reduced by investment analysts at Rosenblatt Securities from $114.00 to $104.00 in a research report issued on Thursday, Marketbeat.com reports. The firm presently has a “neutral” rating on the social networking company’s stock. Rosenblatt Securities’ price target would suggest a potential downside of 7.98% from the company’s current price.
Other equities analysts also recently issued research reports about the stock. Guggenheim dropped their price objective on shares of Meta Platforms from $180.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, October 27th. Credit Suisse Group dropped their price objective on shares of Meta Platforms from $174.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, October 27th. Itaú Unibanco raised shares of Meta Platforms to an “outperform” rating and set a $102.00 price objective on the stock in a report on Monday, November 7th. Sanford C. Bernstein decreased their target price on shares of Meta Platforms from $195.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, October 27th. Finally, Atlantic Securities decreased their target price on shares of Meta Platforms to $120.00 in a research note on Thursday, October 27th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $170.64.
Meta Platforms Stock Performance
META opened at $113.02 on Thursday. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.08. The company has a market cap of $299.68 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 1.32 and a beta of 1.14. The company’s 50 day moving average is $132.05 and its 200 day moving average is $156.06. Meta Platforms has a 12-month low of $88.09 and a 12-month high of $353.83.
Institutional Trading of Meta Platforms
Institutional investors and hedge funds have recently made changes to their positions in the company. Dravo Bay LLC bought a new stake in shares of Meta Platforms in the first quarter valued at about $31,000. Lansing Street Advisors bought a new stake in shares of Meta Platforms in the first quarter valued at about $45,000. Landmark Wealth Management LLC bought a new stake in shares of Meta Platforms in the first quarter valued at about $26,000. Hallmark Capital Management Inc. bought a new stake in shares of Meta Platforms in the second quarter valued at about $42,000. Finally, Foresight Capital Management Advisors Inc. raised its holdings in shares of Meta Platforms by 170.0% in the first quarter. Foresight Capital Management Advisors Inc. now owns 270 shares of the social networking company’s stock valued at $60,000 after acquiring an additional 170 shares in the last quarter. 61.70% of the stock is currently owned by institutional investors.
About Meta Platforms
Meta Platforms, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment's products include Facebook, which enables people to share, 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, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.
- Get a free copy of the StockNews.com research report on Meta Platforms (META)
- MarketBeat: Week in Review 11/7 – 11/11
- Oil Is a Compelling Reason The Sell-Off In Stocks Isn’t Over
- Is Mid-Cap Neurocrine Biosciences A Buy After Blowout Q3 Report?
- Six Flags is a Ride You Don’t Want to Get Stuck On
- Vision Hydrogen, Now Vision Energy, Puts Hopes In Stock Split
Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.