Meta Platforms Inc (NASDAQ: META) is 10.59% higher on its value in year-to-date trading and has touched a low of $385.66 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 $636.45 in the last trading session, with the day’s gains setting it 11.04%.
Currently trading at $647.49, the stock is 5.85% and 7.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 19.03 million and changing 1.73% at the moment leaves the stock 20.67% off its SMA200. META registered 68.09% gain for a year compared to 6-month gain of 40.37%. The firm has a 50-day simple moving average (SMA 50) of $599.7944 and a 200-day simple moving average (SMA200) of $536.573.
The stock witnessed a 10.63% loss in the last 1 month and extending the period to 3 months gives it a 11.25%, and is 5.92% 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 2.64% over the week and 2.54% over the month.
Meta Platforms Inc (META) has around 67317 employees, a market worth around $1634.58B and $156.23B in sales. Current P/E ratio is 30.49 and Fwd P/E is 25.53. Profit margin for the company is 35.55%. Distance from 52-week low is 67.89% and 1.42% 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 52.57% this year.
Meta Platforms Inc (META) Top Institutional Holders
5409.0 institutions hold shares in Meta Platforms Inc (META), with institutional investors hold 79.14% of the company’s shares. The shares outstanding are 2.18B, and float is at 2.18B with Short Float at 1.16%. Institutions hold 79.02% 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
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Meta Platforms Inc disclosed in a document filed with the SEC on Jan 21 ’25 that Olivan Javier (Chief Operating Officer) sold a total of 413 shares of the company’s common stock. The trade occurred on Jan 21 ’25 and was made at $618.00 per share for $0.26 million. Following the transaction, the insider now directly holds 16275.0 shares of the META stock.
Still, SEC filings show that on Jan 21 ’25, Newstead Jennifer (Chief Legal Officer) disposed off 905 shares at an average price of $618.00 for $0.56 million. The insider now directly holds 30,200 shares of Meta Platforms Inc (META).
