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 -4.43% and -4.98% over the past three months. META shares are trading 34.70% year to date (YTD), with the 12-month market performance up to 50.88% higher. It has a 12-month low price of $274.38 and touched a high of $542.81 over the same period. META has an average intraday trading volume of 15.33 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 -5.92%, -3.08%, and 12.26% respectively.
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Institutional ownership of Meta Platforms Inc (NASDAQ: META) shares accounts for 67.44% of the company’s 2.21B shares outstanding.
It has a market capitalization of $1209.40B and a beta (3y monthly) value of 1.21. The stock’s trailing 12-month PE ratio is 27.39, while the earnings-per-share (ttm) stands at $17.41. The company has a PEG of 0.91 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 3.26% over the week and 2.83% over the month.
Earnings per share for the fiscal year are expected to increase by 36.10%, and 14.46% 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. Oppenheimer stated their Outperform rating for the stock in a research note on July 19, 2024, with the firm’s price target at $500-$525. Wolfe Research coverage for the Meta Platforms Inc (META) stock in a research note released on July 16, 2024 offered a Outperform rating with a price target of $620. TD Cowen was of a view on July 10, 2024 that the stock is Buy, while Wells Fargo gave the stock Overweight rating on July 08, 2024, issuing a price target of $593- $625. Raymond James on their part issued Strong Buy rating on July 01, 2024.
