In recent trading session, Meta Platforms Inc (NASDAQ:META) saw 4.97 million shares changing hands at last check today with its beta currently measuring 1.19. Company’s recent per share price level of $539.40 trading at $12.64 or 2.40% at last check today assigns it a market valuation of $1364.58B. That most recent trading price of META’s stock is at a discount of -0.63% from its 52-week high price of $542.81 and is indicating a premium of 49.13% from its 52-week low price of $274.38. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 19.44 million shares which gives us an average trading volume of 14.13 million if we extend that period to 3-months.
For Meta Platforms Inc (META), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.48. Splitting up the data highlights that, out of 51 analysts covering the stock, 1 rated the stock as a Sell while 2 recommended an Overweight rating for the stock. 8 suggested the stock as a Hold whereas 40 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 5.2 in the current quarter.
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Meta Platforms Inc (NASDAQ:META) trade information
Upright in the green today for gaining 2.40%, in the last five days META remained trading in the green while hitting it’s week-highest on Thursday, 08/15/24 when the stock touched $539.40 price level, subtracting -0.06% to its value on the day. Meta Platforms Inc’s shares saw a change of 52.39% in year-to-date performance and have moved 5.84% in past 5-day. Meta Platforms Inc (NASDAQ:META) showed a performance of 16.76% in past 30-days. Number of shares sold short was 27.86 million shares which calculate 1.89 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 500 to the stock, which implies a fall of -7.88% to its recent value today. Analysts have been projecting 105 as a low price target for the stock while placing it at a high target of 625. It follows that stock’s current price would jump 80.53% in reaching the projected high whereas dropping to the targeted low would mean a gain of 80.53% for stock’s current value.
Meta Platforms Inc (META) estimates and forecasts
Statistics highlight that Meta Platforms Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 13.97% of value to its shares in past 6 months, showing an annual growth rate of 43.04% while that of industry is 19.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 19.80% from the last financial year’s standing.
42 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 40.11B for the same. And 41 analysts are in estimates of company making revenue of 46.06B in the next quarter. Company posted 33.56B and 40.11B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 14.46% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 42.96% while estimates for its earnings growth in next 5 years are of 13.60%.
Meta Platforms Inc (NASDAQ:META)’s Major holders
Insiders are in possession of 0.17% of company’s total shares while institution are holding 80.04 percent of that, with stock having share float percentage of 80.18%. Investors also watch the number of corporate investors in a company very closely, which is 80.04% institutions for Meta Platforms Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at META for having 187.18 million shares of worth $90.89 billion. And as of 2024-03-31, it was holding 7.3548 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 158.94 million shares on 2024-03-31. The number of shares represents firm’s hold over 6.2453 of outstanding shares, having a total worth of $77.18 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 31, 2024, the former fund manager was holding 69.16 shares of worth $37.21 billion or 3.17% of the total outstanding shares. The later fund manager was in possession of 55.44 shares on Mar 31, 2024, making its stake of worth around $29.83 billion in the company or a holder of 2.54% of company’s stock.
