Bank of America Lowers Meta Platforms (NASDAQ:META) Price Target to $810.00

Meta Platforms (NASDAQ:META) had its price target lowered by stock analysts at Bank of America from $900.00 to $810.00 in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the social networking company’s stock. Bank of America‘s price target would indicate a potential upside of 24.93% from the company’s previous close.

A number of other equities analysts also recently weighed in on META. HSBC raised shares of Meta Platforms from a “hold” rating to a “buy” rating and upped their price target for the stock from $610.00 to $900.00 in a research note on Thursday, July 31st. Piper Sandler upped their target price on Meta Platforms from $808.00 to $880.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Oppenheimer cut their price target on Meta Platforms from $870.00 to $825.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. JMP Securities boosted their price target on Meta Platforms from $750.00 to $900.00 and gave the company a “market outperform” rating in a research note on Thursday, July 31st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Meta Platforms in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus target price of $827.60.

Meta Platforms Price Performance

Shares of META opened at $648.35 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.97. The company has a market capitalization of $1.63 trillion, a price-to-earnings ratio of 28.64, a P/E/G ratio of 1.41 and a beta of 1.20. The business’s 50-day moving average is $738.28 and its 200-day moving average is $696.73. Meta Platforms has a fifty-two week low of $479.80 and a fifty-two week high of $796.25.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, beating the consensus estimate of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The firm had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. During the same quarter in the prior year, the business earned $6.03 EPS. The company’s revenue for the quarter was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. Equities research analysts expect that Meta Platforms will post 26.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other Meta Platforms news, CTO Andrew Bosworth sold 11,694 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00. Following the completion of the sale, the chief technology officer directly owned 1,799 shares of the company’s stock, valued at $1,394,225. This represents a 86.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 of the company’s stock, valued at approximately $184,059,219.75. The trade was a 20.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 198,335 shares of company stock valued at $153,047,009 in the last three months. 13.61% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Bare Financial Services Inc acquired a new position in Meta Platforms in the second quarter worth $30,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Meta Platforms in the first quarter valued at about $28,000. Evergreen Private Wealth LLC lifted its position in Meta Platforms by 237.5% during the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after buying an additional 38 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in Meta Platforms during the 1st quarter worth about $33,000. Finally, Briaud Financial Planning Inc acquired a new stake in Meta Platforms in the 2nd quarter valued at about $42,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

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.