In the latest trading session, 6.21 million Meta Platforms Inc (NASDAQ:META) shares changed hands as the company’s beta touched 1.21. With the company’s most recent per share price at $533.49 changing hands around $6.76 or 1.28% at last look, the market valuation stands at $1349.63B. META’s current price is a discount, trading about -1.75% off its 52-week high of $542.81. The share price had its 52-week low at $276.03, which suggests the last value was 48.26% up since then. When we look at Meta Platforms Inc’s average trading volume, we note the 10-day average is 13.1 million shares, with the 3-month average coming to 14.03 million.
Analysts gave the Meta Platforms Inc (META) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.48. If we narrow down to specifics, the data shows that 1 out of 51 analysts rate the stock as a Sell, with a further 2 assigning it an Overweight rating. Of the remaining, 8 recommended META as a Hold, 40 felt it is a Buy and 0 rated the stock as Underweight. Meta Platforms Inc’s EPS for the current quarter is expected to be 5.2.
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Meta Platforms Inc (NASDAQ:META) trade information
Instantly META is in green as seen in intraday trades today. With action 1.28%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 50.72%, with the 5-day performance at 1.28% in the green. However, in the 30-day time frame, Meta Platforms Inc (NASDAQ:META) is 9.17% up. Looking at the short shares, we see there were 27.86 million shares sold at short interest cover period of 1.89 days.
The consensus price target for the stock as assigned by Wall Street analysts is 500, meaning bulls need a downside of -6.7% from its recent market value. According to analyst projections, META’s forecast low is 105 with 625 as the target high. To hit the forecast high, the stock’s price needs a -17.15% plunge from its current level, while the stock would need to tank 80.32% for it to hit the projected low.
Meta Platforms Inc (META) estimates and forecasts
Data shows that the Meta Platforms Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 13.99% over the past 6 months, a 43.04% in annual growth rate that is considerably higher than the industry average of 19.00%. Year-over-year growth is forecast to reach 19.80% up from the last financial year.
Consensus estimates given by 42 financial analysts project the company’s revenue in the current quarter to hit an average of 40.11B. 41 analysts are of the opinion that Meta Platforms Inc’s revenue for the current quarter will be 46.06B. The company’s revenue for the corresponding quarters a year ago was 33.56B and 40.11B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 19.50%. The estimates for the next quarter sales put growth at 14.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 14.46%. The 2024 estimates are for Meta Platforms Inc earnings to increase by 42.96%, but the outlook for the next 5-year period is at 13.60% per year.
META Dividends
Meta Platforms Inc is expected to release its next quarterly earnings report in September. The 0.19% annual yield figure for the share gives it an annual dividend of 1.00. It is important to note, however, that the 0.19% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Meta Platforms Inc (NASDAQ:META)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.17% of Meta Platforms Inc shares while 79.05% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 79.18%. There are 79.05% institutions holding the Meta Platforms Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 7.4384% of the shares, roughly 189.31 million META shares worth $95.45 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.3304% or 161.11 million shares worth $81.23 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 69.16 shares estimated at $36.82 billion under it, the former controlled 3.17% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.54% of the shares, roughly 55.44 shares worth around $29.52 billion.
