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Positives for Meta Platforms Inc (META) as stock gains in recent trading

Meta Platforms Inc (NASDAQ: META) is 49.73% higher on its value in year-to-date trading and has touched a low of $274.38 and a high of $542.81 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 $529.32 in the last trading session, with the day’s gains setting it 0.68%.

Currently trading at $530.00, the stock is 4.30% and 9.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.74 million and changing 0.13% at the moment leaves the stock 27.19% off its SMA200. META registered 82.43% gain for a year compared to 6-month gain of 50.59%.

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The stock witnessed a 7.34% loss in the last 1 month and extending the period to 3 months gives it a 2.07%, and is 5.02% up 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 2.76% over the week and 2.31% over the month.

Meta Platforms Inc (META) has around 67317 employees, a market worth around $1344.37B and $142.71B in sales. Current P/E ratio is 30.44 and Fwd P/E is 22.86. Profit margin for the company is 32.06%. Distance from 52-week low is 93.16% and -2.36% from its 52-week high. The company has generated returns on investments over the last 12 months (24.67%).

with sales reaching $38.23B over the same period.The EPS is expected to grow by 36.05% this year, but quarterly earnings will post 17.80% year-over-year. Quarterly sales are estimated to grow 25.70% in year-over-year returns.

Meta Platforms Inc (META) Top Institutional Holders

The shares outstanding are 2.21B, and float is at 2.19B with Short Float at 1.33%.

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 8,727 shares of the company’s common stock on Jul 05 ’24 at a price of $528.87 per share for a total of $4.62 million. Following the sale, the insider now owns 0.18 million shares.

Meta Platforms Inc disclosed in a document filed with the SEC on Jul 05 ’24 that Zuckerberg Mark (COB and CEO) sold a total of 7,975 shares of the company’s common stock. The trade occurred on Jul 05 ’24 and was made at $528.90 per share for $4.22 million. Following the transaction, the insider now directly holds 0.51 million shares of the META stock.

Still, SEC filings show that on Jul 05 ’24, Olivan Javier (Chief Operating Officer) disposed off 412 shares at an average price of $512.00 for $0.21 million. The insider now directly holds 6,795 shares of Meta Platforms Inc (META).

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