Shares of Meta Platforms, Inc. (NASDAQ:META) increased by 0.1% on January 10, 2025, following KeyCorp's revision of its price target for the stock from $655.00 to $700.00, maintaining an overweight rating.
Meta's shares traded as high as $622.93 and closed at $611.09, with a trading volume of approximately 6.49 million shares, a 41% decrease from the average daily volume of 10.96 million shares.
Several analysts have recently updated their ratings on Meta. Rosenblatt Securities reiterated a buy rating with a target of $811.00. Mizuho raised its target from $650.00 to $675.00, while Barclays increased its target from $550.00 to $630.00. BMO Capital Markets adjusted its target from $525.00 to $530.00, and Pivotal Research raised its target from $780.00 to $800.00.
Insider transactions included CAO Aaron Anderson selling 731 shares at an average price of $557.00, totaling $407,167.00, and CEO Mark Zuckerberg selling 35,921 shares for $21.84 million. Over the last three months, insiders sold 410,536 shares valued at $249 million.
Institutional investors hold 79.91% of Meta's shares. The company reported a debt-to-equity ratio of 0.18 and a market capitalization of $1.54 trillion. Meta's latest earnings report showed an EPS of $6.03, exceeding estimates of $5.19, with revenues of $40.59 billion.
Meta declared a quarterly dividend of $0.50 per share, with an annualized yield of 0.33%.