Meta Platforms Inc (NASDAQ:META)’s traded shares stood at 1.35 million during the latest session, with the company’s beta value hitting 1.20. At the last check today, the stock’s price was $591.48, to imply a decrease of -1.97% or -$11.87 in intraday trading. The META share’s 52-week high remains $638.40, putting it -7.93% down since that peak but still an impressive 42.52% since price per share fell to its 52-week low of $340.01. The company has a valuation of $1492.91B, with an average of 14.17 million shares in intraday trading volume over the past 10 days and average of 12.19 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Meta Platforms Inc (META), translating to a mean rating of 1.51. Of 51 analyst(s) looking at the stock, 1 analyst(s) give META a Sell rating. 2 of those analysts rate the stock as Overweight while 8 advise Hold as 40 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 6.73.
Meta Platforms Inc (NASDAQ:META) trade information
After registering a -1.97% downside in the latest session, Meta Platforms Inc (META) has traded red over the past five days. The 5-day price performance for the stock is -0.69%, and 3.13% over 30 days. With these gigs, the year-to-date price performance is 67.11%. Short interest in Meta Platforms Inc (NASDAQ:META) saw shorts transact 30.45 million shares and set a 2.3 days time to cover.
The extremes give us $550 and $780 for target low and target high price respectively. As such, META has been trading -31.87% off suggested target high and 7.01% from its likely low.
Meta Platforms Inc (META) estimates and forecasts
Looking at statistics comparing Meta Platforms Inc share performance against respective industry, we note that the company has outperformed competitors. Meta Platforms Inc (META) shares are 17.31% up over the last 6 months, with its year-to-date growth rate higher than industry average at 52.52% against 25.60%. The rating firms project that company’s revenue will grow 20.81% compared to the previous financial year.
Revenue forecast for the current quarter as set by 46 analysts is 46.98B. Meanwhile, for the current quarter, a total of 32 analyst(s) estimate revenue growth to 41.91B.Earnings reports from the last fiscal year show that sales brought in 40.11B and 36.45B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 17.12% before jumping 14.96% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 14.46% for the past 5-year period. While 2024 is set for a 52.40% return in earnings, projections for the next 5 years are at 17.00% annually.
META Dividends
Meta Platforms Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Meta Platforms Inc has a forward dividend ratio of 2.00, with the share yield ticking at 0.34% to continue the rising pattern observed over the past year.
Meta Platforms Inc (NASDAQ:META)’s Major holders
Meta Platforms Inc insiders hold 0.16% of total outstanding shares, with institutional holders owning 79.42% of the shares at 79.55% float percentage. In total, 79.42% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 189.31 million shares (or 7.4384% of shares), all amounting to roughly $95.45 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 161.11 million shares, or about 6.3304% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $81.23 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Meta Platforms Inc (META) shares. Going by data provided on Sep 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 69.25 shares. This is just over 3.18% of the total shares, with a market valuation of $40.94 billion. Data from the same date shows that the other fund manager holds a little less at 57.22, or 2.62% of the shares, all valued at about 33.83 billion.
