Meta Platforms Inc (NASDAQ: META) is 7.63% higher on its value in year-to-date trading and has touched a low of $343.40 and a high of $638.40 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 $604.63 in the last trading session, with the day’s gains setting it 25.57%.
Currently trading at $630.20, the stock is 3.45% and 6.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.46 million and changing 4.23% at the moment leaves the stock 18.96% off its SMA200. META registered 81.55% gain for a year compared to 6-month gain of 19.06%. The firm has a 50-day simple moving average (SMA 50) of $588.7256 and a 200-day simple moving average (SMA200) of $529.1322.
The stock witnessed a 2.68% loss in the last 1 month and extending the period to 3 months gives it a 5.75%, and is 5.07% 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 2.59% over the week and 2.59% over the month.
Meta Platforms Inc (META) has around 67317 employees, a market worth around $1604.93B and $156.23B in sales. Current P/E ratio is 29.68 and Fwd P/E is 24.82. Profit margin for the company is 35.55%. Distance from 52-week low is 83.52% and -1.28% from its 52-week high. The company has generated returns on investments over the last 12 months (26.25%).
The EPS is expected to grow by 52.40% this year.
Meta Platforms Inc (META) Top Institutional Holders
5353.0 institutions hold shares in Meta Platforms Inc (META), with institutional investors hold 79.55% of the company’s shares. The shares outstanding are 2.18B, and float is at 2.17B with Short Float at 1.35%. Institutions hold 79.42% 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 Zuckerberg Mark,the company’sCOB and CEO. SEC filings show that Zuckerberg Mark sold 35,921 shares of the company’s common stock on Jan 03 ’25 at a price of $603.98 per share for a total of $21.7 million. Following the sale, the insider now owns 0.0 shares.
Meta Platforms Inc disclosed in a document filed with the SEC on Jan 02 ’25 that Zuckerberg Mark (COB and CEO) sold a total of 6,510 shares of the company’s common stock. The trade occurred on Jan 02 ’25 and was made at $601.51 per share for $3.92 million. Following the transaction, the insider now directly holds 0.0 shares of the META stock.
Still, SEC filings show that on Jan 06 ’25, Zuckerberg Mark (Officer) Proposed Sale 35,921 shares at an average price of $618.44 for $22.22 million. The insider now directly holds shares of Meta Platforms Inc (META).
