Meta Platforms (NASDAQ:META) Price Target Cut to $720.00 by Analysts at Cantor Fitzgerald

Meta Platforms (NASDAQ:META) had its target price decreased by Cantor Fitzgerald from $830.00 to $720.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the social networking company’s stock. Cantor Fitzgerald’s target price would indicate a potential upside of 21.43% from the stock’s current price.

A number of other research firms have also weighed in on META. Jefferies Financial Group reduced their target price on shares of Meta Platforms from $950.00 to $910.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Citigroup decreased their price objective on Meta Platforms from $915.00 to $850.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Roth Capital reaffirmed a “buy” rating on shares of Meta Platforms in a report on Thursday, October 30th. JPMorgan Chase & Co. reduced their price target on Meta Platforms from $875.00 to $800.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Finally, Zacks Research upgraded Meta Platforms from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus price target of $825.05.

Meta Platforms Price Performance

META stock traded down $4.75 during midday trading on Wednesday, reaching $592.95. 3,676,442 shares of the stock were exchanged, compared to its average volume of 15,308,820. Meta Platforms has a 52 week low of $479.80 and a 52 week high of $796.25. The company has a fifty day moving average price of $707.36 and a 200 day moving average price of $706.50. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98. The stock has a market capitalization of $1.49 trillion, a PE ratio of 26.26, a P/E/G ratio of 1.34 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. The firm 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% on a year-over-year basis. During the same period last year, the firm posted $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, analysts expect that Meta Platforms will post 26.7 EPS for the current fiscal year.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, COO Javier Olivan sold 2,610 shares of Meta Platforms stock in a transaction dated Saturday, November 15th. The stock was sold at an average price of $609.46, for a total transaction of $1,590,690.60. Following the completion of the transaction, the chief operating officer owned 9,784 shares in the company, valued at approximately $5,962,956.64. The trade was a 21.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Susan J. Li sold 6,875 shares of the firm’s stock in a transaction that occurred on Saturday, November 15th. The shares were sold at an average price of $609.46, for a total value of $4,190,037.50. Following the completion of the transaction, the chief financial officer owned 88,370 shares in the company, valued at $53,857,980.20. This represents a 7.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 28,424 shares of company stock valued at $18,868,377 over the last ninety days. 13.61% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Meta Platforms

Large investors have recently bought and sold shares of the stock. Advisory Services Network LLC boosted its holdings in Meta Platforms by 2.4% during the 3rd quarter. Advisory Services Network LLC now owns 81,345 shares of the social networking company’s stock worth $59,739,000 after acquiring an additional 1,936 shares during the last quarter. Raab & Moskowitz Asset Management LLC grew its position in Meta Platforms by 2.9% in the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 855 shares of the social networking company’s stock worth $628,000 after purchasing an additional 24 shares in the last quarter. Vertex Planning Partners LLC increased its stake in Meta Platforms by 9.8% in the 3rd quarter. Vertex Planning Partners LLC now owns 1,097 shares of the social networking company’s stock valued at $806,000 after buying an additional 98 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Meta Platforms by 709.9% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 130,010 shares of the social networking company’s stock worth $95,433,000 after buying an additional 113,958 shares during the last quarter. Finally, Corus Family Wealth Advisors increased its position in shares of Meta Platforms by 15.0% during the third quarter. Corus Family Wealth Advisors now owns 960 shares of the social networking company’s stock valued at $705,000 after acquiring an additional 125 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

About Meta Platforms

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.