KeyCorp Cuts Meta Platforms (NASDAQ:META) Price Target to $875.00

Meta Platforms (NASDAQ:META) had its price objective cut by KeyCorp from $905.00 to $875.00 in a report issued on Thursday morning,Benzinga reports. They currently have an overweight rating on the social networking company’s stock.

A number of other research analysts also recently commented on the company. Stifel Nicolaus lowered their target price on Meta Platforms from $900.00 to $875.00 and set a “buy” rating for the company in a research report on Thursday. Bank of America lowered their price objective on shares of Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a research report on Thursday. Roth Capital lifted their price objective on shares of Meta Platforms from $620.00 to $740.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Loop Capital restated a “buy” rating and set a $980.00 target price (up from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. Finally, Pivotal Research increased their price target on shares of Meta Platforms from $830.00 to $930.00 and gave the company a “buy” rating in a report on Thursday, July 31st. 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 stock. According to MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average price target of $827.60.

Meta Platforms Trading Down 2.7%

Shares of Meta Platforms stock opened at $648.35 on Thursday. Meta Platforms has a twelve month low of $479.80 and a twelve month high of $796.25. The company has a quick ratio of 1.97, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $738.28 and a 200-day moving average price of $697.96. The firm has a market cap of $1.63 trillion, a price-to-earnings ratio of 28.64, a PEG ratio of 1.38 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, October 29th. The social networking company reported $7.25 EPS 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 the consensus estimate of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The firm’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same period in the previous year, the business earned $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Meta Platforms will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

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

Insider Activity at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 18,332 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the transaction, the chief financial officer directly owned 84,141 shares in the company, valued at $64,343,464.11. This trade represents a 17.89% decrease in their position. The transaction 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 Meta Platforms stock in a transaction on Monday, August 4th. The shares were sold at an average price of $769.38, for a total value of $12,192,364.86. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 198,335 shares of company stock valued at $153,047,009. Company insiders own 13.61% of the company’s stock.

Hedge Funds Weigh In On Meta Platforms

Institutional investors have recently made changes to their positions in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of Meta Platforms by 0.4% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,506 shares of the social networking company’s stock worth $2,587,000 after purchasing an additional 13 shares during the period. Pachira Investments Inc. raised its stake in Meta Platforms by 3.0% in the second quarter. Pachira Investments Inc. now owns 488 shares of the social networking company’s stock worth $360,000 after buying an additional 14 shares in the last quarter. Hemington Wealth Management lifted its holdings in Meta Platforms by 0.6% during the second quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company’s stock worth $1,641,000 after buying an additional 14 shares during the period. Trust Co of the South boosted its position in Meta Platforms by 0.8% during the 3rd quarter. Trust Co of the South now owns 1,850 shares of the social networking company’s stock valued at $1,359,000 after acquiring an additional 14 shares in the last quarter. Finally, Sentinel Pension Advisors LLC increased its holdings in shares of Meta Platforms by 1.6% in the 3rd quarter. Sentinel Pension Advisors LLC now owns 915 shares of the social networking company’s stock valued at $672,000 after acquiring an additional 14 shares during the period. 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.