Meta Platforms Inc (NASDAQ: META) is 48.81% higher on its value in year-to-date trading and has touched a low of $276.03 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 $529.28 in the last trading session, with the day’s loss setting it -2.55%.
Currently trading at $526.73, the stock is 6.30% and 5.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.92 million and changing -0.48% at the moment leaves the stock 18.39% off its SMA200. META registered 85.96% gain for a year compared to 6-month gain of 11.65%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 8.07% loss in the last 1 month and extending the period to 3 months gives it a 12.35%, and is -0.34% 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 1.79% over the week and 3.23% over the month.
Meta Platforms Inc (META) has around 67317 employees, a market worth around $1332.53B and $149.78B in sales. Current P/E ratio is 26.89 and Fwd P/E is 21.84. Profit margin for the company is 34.34%. Distance from 52-week low is 90.82% and -2.96% from its 52-week high. The company has generated returns on investments over the last 12 months (26.67%).
with sales reaching $40.11B over the same period.The EPS is expected to grow by 42.96% this year, but quarterly earnings will post 19.80% year-over-year. Quarterly sales are estimated to grow 19.50% in year-over-year returns.
Meta Platforms Inc (META) Top Institutional Holders
5175.0 institutions hold shares in Meta Platforms Inc (META), with institutional investors hold 79.19% of the company’s shares. The shares outstanding are 2.21B, and float is at 2.18B with Short Float at 1.28%. Institutions hold 79.05% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 187.18 million shares valued at $90.89 billion. The investor’s holdings represent 7.3548 of the META Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 158.94 million shares valued at $77.18 billion to account for 6.2453 of the shares outstanding. The other top investors are FMR LLC which holds 136.75 million shares representing 5.3734 and valued at over $66.4 billion, while STATE STREET CORP holds 3.4014 of the shares totaling 86.57 million with a market value of $42.03 billion.
Meta Platforms Inc (META) Insider Activity
Still, SEC filings show that on Aug 16 ’24, Newstead Jennifer (Chief Legal Officer) disposed off 905 shares at an average price of $532.21 for $0.48 million. The insider now directly holds 41,437 shares of Meta Platforms Inc (META).
