In last trading session, Meta Platforms Inc (NASDAQ:META) saw 7.65 million shares changing hands with its beta currently measuring 1.21. Company’s recent per share price level of $576.47 trading at -$0.46 or -0.08% at ring of the bell on the day assigns it a market valuation of $1458.37B. That closing price of META’s stock is at a discount of -4.59% from its 52-week high price of $602.95 and is indicating a premium of 51.53% from its 52-week low price of $279.40. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.77 million shares which gives us an average trading volume of 13.14 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 1.46. 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 5.24 in the current quarter.
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Meta Platforms Inc (NASDAQ:META) trade information
Upright in the red during last session for losing -0.08%, in the last five days META remained trading in the red while hitting it’s week-highest on Monday, 10/14/24 when the stock touched $576.47 price level, adding 3.94% to its value on the day. Meta Platforms Inc’s shares saw a change of 62.86% in year-to-date performance and have moved -2.28% in past 5-day. Meta Platforms Inc (NASDAQ:META) showed a performance of 3.11% in past 30-days. Number of shares sold short was 32.46 million shares which calculate 2.67 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 532.5 to the stock, which implies a fall of -8.26% to its current value. Analysts have been projecting 105 as a low price target for the stock while placing it at a high target of 780. It follows that stock’s current price would jump 81.79% in reaching the projected high whereas dropping to the targeted low would mean a gain of 81.79% 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 19.83% of value to its shares in past 6 months, showing an annual growth rate of 44.05% while that of industry is 19.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 20.00% from the last financial year’s standing.
45 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 40.25B for the same. And 44 analysts are in estimates of company making revenue of 46.28B 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 43.67% while estimates for its earnings growth in next 5 years are of 19.80%.
Meta Platforms Inc (NASDAQ:META)’s Major holders
Insiders are in possession of 0.16% of company’s total shares while institution are holding 79.13 percent of that, with stock having share float percentage of 79.26%. Investors also watch the number of corporate investors in a company very closely, which is 79.13% 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 189.31 million shares of worth $95.45 billion. And as of 2024-06-30, it was holding 7.4384 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 161.11 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.3304 of outstanding shares, having a total worth of $81.23 billion.
