In the latest trading session, 5.39 million Meta Platforms Inc (NASDAQ:META) shares changed hands as the company’s beta touched 1.23. With the company’s most recent per share price at $678.16 changing hands around $20.66 or 3.14% at last look, the market valuation stands at $1718.23B. META’s current price is a discount, trading about -9.25% off its 52-week high of $740.91. The share price had its 52-week low at $414.50, which suggests the last value was 38.88% up since then.
Analysts gave the Meta Platforms Inc (META) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.41. 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 5.24.
Meta Platforms Inc (NASDAQ:META) trade information
Instantly META is in green as seen in intraday trades today. With action -3.64%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 15.82%, with the 5-day performance at -3.64% in the red. However, in the 30-day time frame, Meta Platforms Inc (NASDAQ:META) is 2.77% up.
The consensus price target for the stock as assigned by Wall Street analysts is 670, meaning bulls need a downside of -1.22% from its recent market value. According to analyst projections, META’s forecast low is 583 with 935 as the target high. To hit the forecast high, the stock’s price needs a -37.87% plunge from its current level, while the stock would need to tank 14.03% for it to hit the projected low.
Meta Platforms Inc (META) estimates and forecasts
Year-over-year growth is forecast to reach 14.58% up from the last financial year.
Consensus estimates given by 46 financial analysts project the company’s revenue in the current quarter to hit an average of 41.45B. 45 analysts are of the opinion that Meta Platforms Inc’s revenue for the current quarter will be 44.87B. The company’s revenue for the corresponding quarters a year ago was 36.45B and 39.07B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 13.70%. The estimates for the next quarter sales put growth at 14.85%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 29.99%. The 2025 estimates are for Meta Platforms Inc earnings to increase by 5.67%, but the outlook for the next 5-year period is at 11.47% per year.
META Dividends
Meta Platforms Inc is expected to release its next quarterly earnings report in March. The 0.29% annual yield figure for the share gives it an annual dividend of 2.00. It is important to note, however, that the 0.29% 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
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 Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 69.25 shares estimated at $46.84 billion under it, the former controlled 3.16% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.61% of the shares, roughly 57.22 shares worth around $38.7 billion.
