Meta Platforms (NASDAQ:META) Given New $810.00 Price Target at TD Cowen

Meta Platforms (NASDAQ:META) had its price objective decreased by TD Cowen from $875.00 to $810.00 in a report issued on Thursday morning,Benzinga reports. TD Cowen currently has a buy rating on the social networking company’s stock.

A number of other brokerages have also weighed in on META. Oppenheimer lowered shares of Meta Platforms from an “outperform” rating to a “market perform” rating in a report on Thursday. Scotiabank upped their price target on shares of Meta Platforms from $675.00 to $685.00 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. Raymond James Financial reiterated a “strong-buy” rating and issued a $825.00 price objective (down previously from $900.00) on shares of Meta Platforms in a report on Thursday. JPMorgan Chase & Co. lowered their target price on Meta Platforms from $875.00 to $800.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Bank of America reduced their price target on Meta Platforms from $900.00 to $810.00 and set a “buy” rating on the stock in a research report on Thursday. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $827.60.

Meta Platforms Price Performance

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 stock has a market capitalization of $1.67 trillion, a P/E ratio of 29.44, a PEG ratio of 1.60 and a beta of 1.20. The stock has a 50-day moving average price of $740.41 and a 200-day moving average price of $695.92. Meta Platforms has a 12-month low of $479.80 and a 12-month high of $796.25.

Meta Platforms (NASDAQ:META) last released its 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 during the quarter, compared to the consensus estimate of $49.34 billion. Meta Platforms had a return on equity of 39.69% and a net margin of 30.89%.Meta Platforms’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. Equities analysts predict that Meta Platforms will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s dividend payout ratio is 9.28%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $753.00, for a total value of $390,807.00. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert M. Kimmitt sold 465 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total value of $333,391.05. Following the transaction, the director owned 7,947 shares in the company, valued at $5,697,760.59. This trade represents a 5.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 198,335 shares of company stock valued at $153,047,009. Company insiders own 13.61% of the company’s stock.

Institutional Investors Weigh In On Meta Platforms

Several hedge funds have recently made changes to their positions in META. Csenge Advisory Group raised its position in shares of Meta Platforms by 12.0% during the first quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company’s stock valued at $5,498,000 after buying an additional 1,019 shares during the last quarter. ARQ Wealth Advisors LLC grew its stake in Meta Platforms by 4.5% during the first quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company’s stock valued at $452,000 after acquiring an additional 34 shares in the last quarter. JMG Financial Group Ltd. purchased a new position in Meta Platforms during the first quarter valued at $284,000. Infusive Asset Management Inc. increased its holdings in Meta Platforms by 10.7% in the 1st quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company’s stock valued at $13,614,000 after acquiring an additional 2,285 shares during the last quarter. Finally, Spirepoint Private Client LLC lifted its stake in Meta Platforms by 2.7% in the 2nd 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. 79.91% of the stock is currently owned by institutional investors.

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.