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What should you know before buying stock in Meta Platforms Inc (META)

Meta Platforms Inc (NASDAQ: META) is 40.52% higher on its value in year-to-date trading and has touched a low of $207.13 and a high of $523.57 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The META stock was last observed hovering at around $491.35 in the last trading session, with the day’s gains setting it 6.02%.

Currently trading at $497.37, the stock is 0.04% and 6.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.03 million and changing 1.23% at the moment leaves the stock 40.91% off its SMA200. META registered 139.30% gain for a year compared to 6-month gain of 65.67%. The firm has a 50-day simple moving average (SMA 50) of $9.19 and a 200-day simple moving average (SMA200) of $21.00.

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The stock witnessed a -0.98% loss in the last 1 month and extending the period to 3 months gives it a 40.52%, and is -1.12% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.58% over the week and 2.56% over the month.

Meta Platforms Inc (META) has around 67317 employees, a market worth around $1268.00B and $134.90B in sales. Current P/E ratio is 33.39 and Fwd P/E is 21.43. Profit margin for the company is 28.98%. Distance from 52-week low is 140.12% and -5.00% from its 52-week high. The company has generated returns on investments over the last 12 months (20.64%).

Meta Platforms Inc quarterly earnings per share for the current quarter are estimated at $4.27 with sales reaching $36.05B over the same period.The EPS is expected to grow by 34.90% this year, but quarterly earnings will post 17.30% year-over-year. Quarterly sales are estimated to grow 25.90% in year-over-year returns.

Meta Platforms Inc (META) Top Institutional Holders

4,716 institutions hold shares in Meta Platforms Inc (META), with institutional investors hold 79.78% of the company’s shares. The shares outstanding are 2.21B, and float is at 2.19B with Short Float at 1.36%. Institutions hold 79.65% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 183.24 million shares valued at $55.01 billion. The investor’s holdings represent 8.26% of the META Shares outstanding. As of Sep 29, 2023, the second largest holder is Blackrock Inc. with 155.97 million shares valued at $46.82 billion to account for 7.03% of the shares outstanding. The other top investors are FMR, LLC which holds 130.81 million shares representing 5.89% and valued at over $39.27 billion, while State Street Corporation holds 3.88% of the shares totaling 86.05 million with a market value of $25.83 billion.

Meta Platforms Inc (META) Insider Activity

The most recent transaction is an insider sale by Zuckerberg Mark,the company’sCOB and CEO. SEC filings show that Zuckerberg Mark sold 31,493 shares of the company’s common stock on Mar 28 ’24 at a price of $488.34 per share for a total of $15.38 million. Following the sale, the insider now owns 0.0 shares.

Meta Platforms Inc disclosed in a document filed with the SEC on Mar 27 ’24 that Zuckerberg Mark (COB and CEO) sold a total of 45,495 shares of the company’s common stock. The trade occurred on Mar 27 ’24 and was made at $492.15 per share for $22.39 million. Following the transaction, the insider now directly holds 0.0 shares of the META stock.

Still, SEC filings show that on Mar 27 ’24, Zuckerberg Mark (COB and CEO) disposed off 31,493 shares at an average price of $492.14 for $15.5 million. The insider now directly holds 0 shares of Meta Platforms Inc (META).

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