KeyCorp Issues Pessimistic Forecast for Meta Platforms (NASDAQ:META) Stock Price

Meta Platforms (NASDAQ:META) had its price target reduced by analysts at KeyCorp from $905.00 to $875.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the social networking company’s stock. KeyCorp’s target price would suggest a potential upside of 34.96% from the company’s previous close.

A number of other analysts have also issued reports on the company. Wells Fargo & Company raised their price target on Meta Platforms from $811.00 to $837.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. JMP Securities raised their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 31st. Cantor Fitzgerald restated an “overweight” rating and issued a $920.00 target price on shares of Meta Platforms in a report on Thursday, October 16th. Scotiabank increased their price target on shares of Meta Platforms from $675.00 to $685.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. Finally, Pivotal Research boosted their price objective on shares of Meta Platforms from $830.00 to $930.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus price target of $827.60.

Meta Platforms Stock Down 2.7%

Shares of NASDAQ META opened at $648.35 on Thursday. The firm has a market cap of $1.63 trillion, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 1.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.98. Meta Platforms has a 1 year low of $479.80 and a 1 year high of $796.25. The firm’s 50 day moving average price is $738.28 and its 200 day moving average price is $696.73.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. The company had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The business’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, sell-side analysts anticipate that Meta Platforms will post 26.7 earnings per share for the current year.

Insider Activity at Meta Platforms

In other news, COO Javier Olivan sold 517 shares of the stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $749.57, for a total value of $387,527.69. Following the completion of the sale, the chief operating officer owned 7,958 shares in the company, valued at approximately $5,965,078.06. This trade represents a 6.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer Newstead sold 519 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $753.00, for a total value of $390,807.00. Following the transaction, the insider directly owned 27,756 shares in the company, valued at $20,900,268. This trade represents a 1.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 198,335 shares of company stock worth $153,047,009. Corporate insiders own 13.61% of the company’s stock.

Institutional Trading of Meta Platforms

Hedge funds have recently made changes to their positions in the company. Csenge Advisory Group boosted its stake in Meta Platforms by 12.0% during the 1st quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company’s stock valued at $5,498,000 after acquiring an additional 1,019 shares during the last quarter. ARQ Wealth Advisors LLC raised its stake in shares of Meta Platforms by 4.5% in the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company’s stock valued at $452,000 after purchasing an additional 34 shares in the last quarter. JMG Financial Group Ltd. acquired a new stake in shares of Meta Platforms in the 1st quarter valued at about $284,000. Infusive Asset Management Inc. lifted its position in shares of Meta Platforms by 10.7% during the first quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company’s stock worth $13,614,000 after purchasing an additional 2,285 shares during the last quarter. Finally, Spirepoint Private Client LLC grew its stake in Meta Platforms by 2.7% in the second quarter. Spirepoint Private Client LLC now owns 4,080 shares of the social networking company’s stock worth $3,011,000 after purchasing an additional 109 shares in the last quarter. Hedge funds and other institutional investors 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.