Currently, there are 2.18B 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 5.92% and 11.25% over the past three months. META shares are trading 10.59% year to date (YTD), with the 12-month market performance up to 68.09% higher. It has a 12-month low price of $385.66 and touched a high of $638.40 over the same period. META has an average intraday trading volume of 12.73 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 5.85%, 7.95%, and 20.67% respectively.
Institutional ownership of Meta Platforms Inc (NASDAQ: META) shares accounts for 67.20% of the company’s 2.18B shares outstanding.
It has a market capitalization of $1634.58B and a beta (3y monthly) value of 1.19. The stock’s trailing 12-month PE ratio is 30.49, while the earnings-per-share (ttm) stands at $21.23. The company has a PEG of 1.24 and a Quick Ratio of 2.73 with the debt-to-equity ratio at 0.30. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.64% over the week and 2.54% over the month.
Earnings per share for the fiscal year are expected to increase by 52.57%, and 11.79% over the next financial year. EPS should grow at an annualized rate of 24.59% 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. BofA Securities stated their Buy rating for the stock in a research note on January 23, 2025, with the firm’s price target at $660-$710. Cantor Fitzgerald coverage for the Meta Platforms Inc (META) stock in a research note released on January 22, 2025 offered a Overweight rating with a price target of $720. Jefferies was of a view on January 06, 2025 that the stock is Buy, while Wolfe Research gave the stock Outperform rating on January 03, 2025, issuing a price target of $670- $730. Pivotal Research Group on their part issued Buy rating on October 31, 2024.
