Meta Platforms Inc (NASDAQ: META): Stock That Needs Special Handling

Currently, there are 2.21B common shares owned by the public and among those 2.19B shares have been available to trade.

The company’s stock has a 5-day price change of -4.37% and 35.70% over the past three months. META shares are trading 37.18% year to date (YTD), with the 12-month market performance up to 141.97% higher. It has a 12-month low price of $197.90 and touched a high of $523.57 over the same period. META has an average intraday trading volume of 17.81 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 -2.48%, 4.94%, and 38.42% respectively.

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Institutional ownership of Meta Platforms Inc (NASDAQ: META) shares accounts for 67.43% of the company’s 2.21B shares outstanding.

It has a market capitalization of $1237.94B and a beta (3y monthly) value of 1.20. The stock’s trailing 12-month PE ratio is 32.60, while the earnings-per-share (ttm) stands at $14.90. The company has a PEG of 1.25 and a Quick Ratio of 2.67 with the debt-to-equity ratio at 0.25. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.90% over the week and 2.49% over the month.

Analysts forecast that Meta Platforms Inc (META) will achieve an EPS of $4.27 for the current quarter, $4.74 for the next quarter and $23.12 for 2025. The lowest estimate earnings-per-share for the quarter is $3.65 while analysts give the company a high EPS estimate of $4.9. Comparatively, EPS for the current quarter was $2.2 a year ago. Earnings per share for the fiscal year are expected to increase by 35.01%, and 15.72% over the next financial year. EPS should grow at an annualized rate of 26.00% over the next five years, compared to 14.46% over the past 5-year period.

Looking at the support for the META, a number of firms have released research notes about the stock. Wolfe Research stated their Outperform rating for the stock in a research note on February 02, 2024, with the firm’s price target at $430-$530. Wells Fargo coverage for the Meta Platforms Inc (META) stock in a research note released on February 02, 2024 offered a Overweight rating with a price target of $536. Wedbush was of a view on February 02, 2024 that the stock is Outperform, while UBS gave the stock Buy rating on February 02, 2024, issuing a price target of $425- $530. TD Cowen on their part issued Outperform rating on February 02, 2024.

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