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 5.04% and 12.59% over the past three months. META shares are trading 68.36% year to date (YTD), with the 12-month market performance up to 95.02% higher. It has a 12-month low price of $279.40 and touched a high of $583.36 over the same period. META has an average intraday trading volume of 14.11 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 8.99%, 13.92%, and 24.58% respectively.
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Institutional ownership of Meta Platforms Inc (NASDAQ: META) shares accounts for 67.22% of the company’s 2.21B shares outstanding.
It has a market capitalization of $1507.62B and a beta (3y monthly) value of 1.21. The stock’s trailing 12-month PE ratio is 30.43, while the earnings-per-share (ttm) stands at $19.59. The company has a PEG of 1.69 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 2.08% over the week and 2.40% over the month.
Earnings per share for the fiscal year are expected to increase by 43.28%, and 13.77% over the next financial year. EPS should grow at an annualized rate of 18.00% 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. Pivotal Research Group stated their Buy rating for the stock in a research note on October 01, 2024, with the firm’s price target at $780. Monness Crespi & Hardt coverage for the Meta Platforms Inc (META) stock in a research note released on September 30, 2024 offered a Buy rating with a price target of $620. DA Davidson was of a view on September 10, 2024 that the stock is Buy, while Cantor Fitzgerald gave the stock Overweight rating on September 05, 2024, issuing a price target of $660. BofA Securities on their part issued Buy rating on August 01, 2024.
