Insiders at the company have transacted a total of 599 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 190 of these insider trades were purchases, accounting for 1,699,704 shares. Insider sales of the common stock occurred on 409 occasions, with total insider shares sold totaling 1,510,514 shares.
However, the script later moved the day high at 406.36, down -0.24%. The company’s stock has a 5-day price change of 3.86% and 34.82% over the past three months. META shares are trading 13.02% year to date (YTD), with the 12-month market performance up to 163.65% higher. It has a 12-month low price of $146.95 and touched a high of $402.93 over the same period. META has an average intraday trading volume of 16.45 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.89%, 14.09%, and 32.56% respectively.
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Institutional ownership of Meta Platforms Inc (NASDAQ: META) shares accounts for 66.55% of the company’s 2.25B shares outstanding.
It has a market capitalization of $1028.10B and a beta (3y monthly) value of 1.16. The stock’s trailing 12-month PE ratio is 35.31, while the earnings-per-share (ttm) stands at $11.33. The company has a PEG of 1.10 and a Quick Ratio of 2.57 with the debt-to-equity ratio at 0.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.05% over the week and 2.18% over the month.
Analysts forecast that Meta Platforms Inc (META) will achieve an EPS of $4.56 for the current quarter, $3.31 for the next quarter and $16.22 for 2024. The lowest estimate earnings-per-share for the quarter is $4.03 while analysts give the company a high EPS estimate of $5.19. Comparatively, EPS for the current quarter was $1.76 a year ago. Earnings per share for the fiscal year are expected to increase by 67.62%, and 23.12% over the next financial year. EPS should grow at an annualized rate of 32.00% over the next five years, compared to 9.76% over the past 5-year period.
Looking at the support for the META, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on January 23, 2024, with the firm’s price target at $425-$440.
