Currently, there are 2.21B common shares owned by the public and among those 2.18B shares have been available to trade.
The company’s stock has a 5-day price change of 1.42% and 13.43% over the past three months. META shares are trading 61.72% year to date (YTD), with the 12-month market performance up to 88.33% higher. It has a 12-month low price of $279.40 and touched a high of $577.40 over the same period. META has an average intraday trading volume of 14.01 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 7.06%, 11.09%, and 20.89% respectively.
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Institutional ownership of Meta Platforms Inc (NASDAQ: META) shares accounts for 67.07% of the company’s 2.21B shares outstanding.
It has a market capitalization of $1448.17B and a beta (3y monthly) value of 1.21. The stock’s trailing 12-month PE ratio is 29.23, while the earnings-per-share (ttm) stands at $19.59. The company has a PEG of 2.15 and a Quick Ratio of 2.83 with the debt-to-equity ratio at 0.24. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.07% over the week and 2.44% over the month.
Earnings per share for the fiscal year are expected to increase by 43.25%, and 13.78% over the next financial year. EPS should shrink at an annualized rate of 13.60% 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. Monness Crespi & Hardt stated their Buy rating for the stock in a research note on Oct-01-24, with the firm’s price target at $570-$620. DA Davidson coverage for the Meta Platforms Inc (META) stock in a research note released on September 10, 2024 offered a Buy rating with a price target of $600. Cantor Fitzgerald was of a view on September 05, 2024 that the stock is Overweight, while BofA Securities gave the stock Buy rating on August 01, 2024, issuing a price target of $550- $563. Oppenheimer on their part issued Outperform rating on July 19, 2024.
