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 2.27% and 4.14% over the past three months. META shares are trading 42.43% year to date (YTD), with the 12-month market performance up to 84.44% higher. It has a 12-month low price of $268.32 and touched a high of $531.49 over the same period. META has an average intraday trading volume of 14.93 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 4.62%, 4.70%, and 25.71% respectively.
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Institutional ownership of Meta Platforms Inc (NASDAQ: META) shares accounts for 67.61% of the company’s 2.21B shares outstanding.
It has a market capitalization of $1278.82B and a beta (3y monthly) value of 1.21. The stock’s trailing 12-month PE ratio is 28.96, while the earnings-per-share (ttm) stands at $17.41. The company has a PEG of 0.97 and a Quick Ratio of 2.68 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 1.70% over the week and 1.85% over the month.
Earnings per share for the fiscal year are expected to increase by 35.79%, and 14.70% over the next financial year. EPS should grow at an annualized rate of 30.00% 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. BMO Capital Markets stated their Market Perform rating for the stock in a research note on June 12, 2024, with the firm’s price target at $450. Exane BNP Paribas coverage for the Meta Platforms Inc (META) stock in a research note released on May 02, 2024 offered a Underperform rating with a price target of $360. Oppenheimer was of a view on April 25, 2024 that the stock is Outperform, while Citigroup gave the stock Buy rating on April 15, 2024, issuing a price target of $525- $590. Piper Sandler on their part issued Overweight rating on April 11, 2024.
