In today’s recent session, 4.23 million shares of the Meta Platforms Inc (NASDAQ:META) have been traded, and its beta is 1.22. Most recently the company’s share price was $720.79, and it changed around $0.99 or 0.14% from the last close, which brings the market valuation of the company to $1826.41B. META at last check was trading at a discount to its 52-week high of $725.01, offering almost -0.59% off that amount. The share price’s 52-week low was $414.50, which indicates that the recent value has risen by an impressive 42.49% since then. We note from Meta Platforms Inc’s average daily trading volume that its 10-day average is 17.84 million shares, with the 3-month average coming to 13.73 million.
Meta Platforms Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.44. If we narrow it down even further, the data shows that 0 out of 63 analysts rate the stock as a Sell; another 12 rate it as Overweight. Among the rest, 7 recommended META as a Hold, whereas 42 deemed it a Buy, and 2 rated it as Underweight.
Meta Platforms Inc (NASDAQ:META) trade information
Instantly META has been showing a green trend so far today with a performance of 0.14% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 725.01 on recent trading dayincreased the stock’s daily price by 0.58%. The company’s shares are currently up 23.10% year-to-date, but still up 2.26% over the last five days. On the other hand, Meta Platforms Inc (NASDAQ:META) is 18.49% up in the 30-day period. We can see from the shorts that 25.75 million shares have been sold at a short interest cover period of 1.93 day(s).
The consensus price target as assigned by Wall Street analysts is $636, which translates to bulls needing to decrease their stock price by -13.33% from its current value. Analyst projections state that META is forecast to be at a low of $583 and a high of $780.
Meta Platforms Inc (META) estimates and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 29.99%. Meta Platforms Inc earnings are expected to increase by 5.49% in 2025, but the outlook is positive 11.47% per year for the next five years.
META Dividends
Meta Platforms Inc’s next quarterly earnings report is expected to be released in March. The annual dividend yield of the stock is 0.28 percent and its annual dividend per share was 2.00. It is important to note, however, that the 0.28% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Meta Platforms Inc (NASDAQ:META)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.16% of Meta Platforms Inc shares, and 79.05% of them are in the hands of institutional investors. The stock currently has a share float of 79.17%. Meta Platforms Inc stock is held by 5431.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 7.4384% of the shares, which is about 189.31 million shares worth $95.45 billion.
BLACKROCK INC., with 6.3304% or 161.11 million shares worth $81.23 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 69.25 shares worth $49.88 billion, making up 3.16% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 57.22 shares worth around $41.21 billion, which represents about 2.61% of the total shares outstanding.
