During the last session, Meta Platforms Inc (NASDAQ:META)’s traded shares were 25.53 million, with the beta value of the company hitting 1.21. At the end of the trading day, the stock’s price was $591.80, reflecting an intraday loss of -0.25% or -$1.48. The 52-week high for the META share is $602.95, that puts it down -1.88 from that peak though still a striking 49.84% gain since the share price plummeted to a 52-week low of $296.86. The company’s market capitalization is $1497.15B, and the average intraday trading volume over the past 10 days was 11.63 million shares, and the average trade volume was 12.58 million shares over the past three months.
Meta Platforms Inc (META) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.46. META has a Sell rating from 1 analyst(s) out of 51 analysts who have looked at this stock. 8 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 40 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 5.25.
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Meta Platforms Inc (NASDAQ:META) trade information
Meta Platforms Inc (META) registered a -0.25% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.25% in intraday trading to $591.80, hitting a weekly high. The stock’s 5-day price performance is 4.99%, and it has moved by 2.66% in 30 days. Based on these gigs, the overall price performance for the year is 95.53%. The short interest in Meta Platforms Inc (NASDAQ:META) is 31.26 million shares and it means that shorts have 2.65 day(s) to cover.
The consensus price target of analysts on Wall Street is $532.5, which implies a decrease of -11.14% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $105 and $780 respectively. As a result, META is trading at a discount of -31.8% off the target high and 82.26% off the low.
Meta Platforms Inc (META) estimates and forecasts
Statistics show that Meta Platforms Inc has outperformed its competitors in share price, compared to the industry in which it operates. Meta Platforms Inc (META) shares have gone up 34.75% during the last six months, with a year-to-date growth rate more than the industry average at 44.38% against 18.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 31.20% this quarter and then jump 19.30% in the quarter after that. In the rating firms’ projections, revenue will increase 20.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 40.29B as predicted by 45 analyst(s). Meanwhile, a consensus of 44 analyst(s) estimates revenue growth to 46.31B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 33.56B and 40.11B respectively. In this case, analysts expect current quarter sales to grow by 20.00% and then jump by 15.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 14.46%. While earnings are projected to return 43.77% in 2024, the next five years will return 23.40% per annum.
META Dividends
Meta Platforms Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Meta Platforms Inc is 1.50, with the dividend yield indicating at 0.25 percent, continuing the trend of increasing dividends in recent years.
Meta Platforms Inc (NASDAQ:META)’s Major holders
Meta Platforms Inc insiders own 0.16% of total outstanding shares while institutional holders control 79.15%, with the float percentage being 79.28%. VANGUARD GROUP INC is the largest shareholder of the company, while 5235.0 institutions own stock in it. As of 2024-06-30, the company held over 189.31 million shares (or 7.4384% of all shares), a total value of $95.45 billion in shares.
The next largest institutional holding, with 161.11 million shares, is of BLACKROCK INC.’s that is approximately 6.3304% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $81.23 billion.
