Meta Platforms (NASDAQ:META) Price Target Cut to $875.00 by Analysts at Truist Financial

Meta Platforms (NASDAQ:META) had its price objective trimmed by Truist Financial from $900.00 to $875.00 in a research note published on Thursday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the social networking company’s stock.

Several other analysts also recently issued reports on META. Wedbush upped their price objective on shares of Meta Platforms from $750.00 to $920.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Sanford C. Bernstein reissued an “outperform” rating and issued a $870.00 price target (down from $900.00) on shares of Meta Platforms in a report on Thursday. Bank of America reduced their price target on shares of Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a report on Thursday. HSBC raised shares of Meta Platforms from a “hold” rating to a “buy” rating and increased their price target for the company from $610.00 to $900.00 in a report on Thursday, July 31st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Meta Platforms in a report on Thursday. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average target price of $827.60.

Meta Platforms Price Performance

NASDAQ META opened at $666.47 on Thursday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $740.41 and a 200 day simple moving average of $695.92. The company has a market cap of $1.67 trillion, a P/E ratio of 29.44, a P/E/G ratio of 1.60 and a beta of 1.20. Meta Platforms has a 1 year low of $479.80 and a 1 year high of $796.25.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.74 by $0.51. The business had revenue of $51.24 billion during the quarter, compared to the consensus estimate of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.69%. Meta Platforms’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. On average, sell-side analysts predict that Meta Platforms will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s dividend payout ratio (DPR) is presently 9.28%.

Insider Buying and Selling at Meta Platforms

In related news, insider Christopher K. Cox sold 60,000 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the completion of the sale, the insider owned 237,205 shares in the company, valued at $184,059,219.75. This trade represents a 20.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $769.38, for a total transaction of $12,192,364.86. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 198,335 shares of company stock valued at $153,047,009 over the last quarter. 13.61% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Meta Platforms

A number of hedge funds have recently made changes to their positions in META. Kingstone Capital Partners Texas LLC increased its position in shares of Meta Platforms by 608,429.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock worth $44,119,937,000 after purchasing an additional 59,766,000 shares in the last quarter. Norges Bank acquired a new stake in Meta Platforms in the 2nd quarter valued at about $23,155,393,000. Laurel Wealth Advisors LLC increased its position in Meta Platforms by 73,443.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 8,417,003 shares of the social networking company’s stock valued at $6,212,506,000 after acquiring an additional 8,405,558 shares in the last quarter. Nuveen LLC acquired a new stake in Meta Platforms in the 1st quarter valued at about $2,990,544,000. Finally, State Street Corp increased its position in Meta Platforms by 1.9% in the 2nd quarter. State Street Corp now owns 86,925,674 shares of the social networking company’s stock valued at $64,158,971,000 after acquiring an additional 1,650,435 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Company Profile

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.