Meta Platforms Inc (NASDAQ: META) is 64.76% higher on its value in year-to-date trading and has touched a low of $313.66 and a high of $602.95 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 $589.34 in the last trading session, with the day’s loss setting it -6.17%.
Currently trading at $583.17, the stock is 1.02% and 3.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.18 million and changing -1.05% at the moment leaves the stock 14.90% off its SMA200. META registered 81.93% gain for a year compared to 6-month gain of 24.61%. The firm has a 50-day simple moving average (SMA 50) of $561.7832 and a 200-day simple moving average (SMA200) of $506.60776.
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The stock witnessed a -1.15% loss in the last 1 month and extending the period to 3 months gives it a 10.34%, and is 4.01% 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 2.22% over the week and 2.15% over the month.
Meta Platforms Inc (META) has around 67317 employees, a market worth around $1466.05B and $156.23B in sales. Current P/E ratio is 27.46 and Fwd P/E is 23.08. Profit margin for the company is 35.55%. Distance from 52-week low is 85.92% and -3.28% from its 52-week high. The company has generated returns on investments over the last 12 months (26.25%).
with sales reaching $47B over the same period.The EPS is expected to grow by 51.85% this year, but quarterly earnings will post 20.90% year-over-year. Quarterly sales are estimated to grow 17.20% in year-over-year returns.
Meta Platforms Inc (META) Top Institutional Holders
5264.0 institutions hold shares in Meta Platforms Inc (META), with institutional investors hold 79.67% of the company’s shares. The shares outstanding are 2.21B, and float is at 2.18B with Short Float at 1.44%. Institutions hold 79.54% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 189.31 million shares valued at $95.45 billion. The investor’s holdings represent 7.4384% of the META Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 161.11 million shares valued at $81.23 billion to account for 6.3304 of the shares outstanding. The other top investors are FMR LLC which holds 138.46 million shares representing 5.4403% and valued at over $69.81 billion, while STATE STREET CORP holds 3.3893 of the shares totaling 86.26 million with a market value of $43.49 billion.
Meta Platforms Inc (META) Insider Activity
The most recent transaction is an insider sale by Newstead Jennifer, the company’s Chief Legal Officer. SEC filings show that Newstead Jennifer sold 901 shares of the company’s common stock on Nov 05 ’24 at a price of $567.70 per share for a total of $0.51 million. Following the sale, the insider now owns 30581.0 shares.
Meta Platforms Inc disclosed in a document filed with the SEC on Nov 01 ’24 that Olivan Javier (Chief Operating Officer) sold a total of 413 shares of the company’s common stock. The trade occurred on Nov 01 ’24 and was made at $567.58 per share for $0.23 million. Following the transaction, the insider now directly holds 10294.0 shares of the META stock.
Still, SEC filings show that on Nov 05 ’24, Newstead Jennifer (Officer) Proposed Sale 901 shares at an average price of $567.70 for $0.51 million. The insider now directly holds shares of Meta Platforms Inc (META).
