![]() Sageworth Trust Co purchased new shares valued at approximately $26,000 during Q1Īnd HBC Financial Services PLLC increased its stake by 2,500% during Q1. Notably, numerous hedge funds have made changes in their positions in META within the last few months with Worth Asset Management LLC lifting its position by 248% during Q1 alone amidst subsequent constructive analyses emerging about Meta Platforms’ performance outlook. The tech giant, which has a debt-to-equity ratio of 0.08, a current ratio of 2.07, and quick ratio of 2.07 has received rave reviews from equity analysts who have given it varying ratings that point positively upwards. ![]() The stock’s 50-day moving average is placed at $226.66 while its 200-day moving average stands at approximately $174.23 giving no chances for downturns or uncertainties in market behavior. The platform has also shown positive results over the past year significantly withstanding low points of up to $88.09 while reaching a high mark of up to $268.65. Meta Platform’s shares opened at $262.52 recently after it recorded impressive growth in the stock market. Truist Financial and Tigress Financial were not left behind in this intriguing development as they both raised their target prices on the social networking company to $265 and $285, respectively. TD Cowen also increased its price objective from $195.00 to $220.00 and gave the company a “market perform” rating, while Oppenheimer boosted its own price objective on the platform from $260.00 to $285.00 and conferred an “outperform” rating. ![]() ![]() raised its target price for Meta Platforms (NASDAQ:META) from $270.00 to $305.00 and gave the stock an “overweight” rating. Meta Platforms Receives Positive Reviews from Equity Analysts as Stock Continues to Surge Meta Platforms Stock Continues to Surge with Positive Reviews from Equity Analysts Meta Platforms’ Family of Apps (FoA) includes Facebook- which alone boasts a massive user base- Instagram and Messenger WhatsApp among others while its Reality Labs (RL) segment seeks to develop wearable tech that enables users to interact directly and seamlessly with virtual reality content.Īll this indicates that Meta Platforms is poised to continue dominating social media and virtual reality platforms well into the future as it sets out its vision to enable people to stay connected while enhancing their experiences across all of its platforms. These recent insider trades have brought the total number of shares sold by insiders over the past ninety days to 37,369 with a net worth valuation amounting up to $8,682268- revealing that insiders currently own more than fourteen percent of the company’s stock. The company’s ability to develop social media applications that help people connect and find communities and grow businesses has earned it an average 12 month price objective of $245.13 from brokerages that have updated their coverage on the stock in the last year.Īccording to insider trading reports, as of Tuesday, March 14th Jennifer Newstead sold 393 shares of Meta Platforms’ stock at $187.25 per share for a total value of $73,589.25 she now owns 30,939 shares in the company with a net asset value of around $5,793,327.75. In other news relating to insider trading reports, CTO Andrew Bosworth sold 8,032 shares of Meta Platforms’ stock on Monday May 15th at an average selling price of $233.81 per share for a total value of $1,877,961.92 he now owns directly 8,166 shares in the company with an estimated asset valuation of approximately $1,909,292.46. (NASDAQ:META), the social media giant, has been bestowed with a “Moderate Buy” rating by fifty-four rating firms covering the stock, reports Bloomberg Ratings.
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