An overview of Meta Platforms Inc’s (META) institutional holdings

The price of Meta Platforms Inc (NASDAQ:META) shares last traded on Wall Street rose 0.38% to $315.80.

Based on available information, 61 analysts follow Meta Platforms Inc (NASDAQ:META). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $477.00 and a low of $175.00, we find $380.00. Given the previous closing price of $314.60, this indicates a potential upside of 20.79 percent. META stock price is now 3.45% away from the 50-day moving average and 23.76% away from the 200-day moving average. The market capitalization of the company currently stands at $811.56B.

Among analysts, 8 rate the stock a hold while 46 rate it a buy. Brokers who have rated the stock have averaged $376.43 as their price target over the next twelve months.

With the price target of $365, Seaport Research Partners recently initiated with Buy rating for Meta Platforms Inc (NASDAQ: META).

In other news, Zuckerberg Mark, COB and CEO sold 28,009 shares of the company’s stock on Nov 02. The stock was sold for $8,699,615 at an average price of $310.60. Upon completion of the transaction, the COB and CEO now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 01, COB and CEO Zuckerberg Mark sold 28,009 shares of the business’s stock. A total of $8,599,970 was realized by selling the stock at an average price of $307.04. Insiders disposed of 892,077 shares of company stock worth roughly $281.72 million over the past 1 year. A total of 13.91% of the company’s stock is owned by insiders.

A candlestick chart of Meta Platforms Inc (NASDAQ: META) showed a price of $315.98 on Monday morning. During the past 12 months, Meta Platforms Inc has had a low of $88.09 and a high of $330.54. As of last week, the company has a debt-to-equity ratio of 0.26, a current ratio of 2.57, and a quick ratio of 2.57. According to the stock market information, the enterprise value for the company is $783.57B, which is based on a 27.88 price-to-earnings ratio, a 0.86 price-to-earnings-growth ratio, and a beta of 1.21. The fifty day moving average price for META is $305.27 and a two-hundred day moving average price translates $255.17 for the stock.

The latest earnings results from Meta Platforms Inc (NASDAQ: META) was released for Sep, 2023. According to the Internet Content & Information Company, earnings per share came in at $2.98, beating analysts’ expectations of $2.91 by 0.07. This compares to $1.64 EPS in the same period last year. The net profit margin was 23.42% and return on equity was 22.27% for META. The company reported revenue of $34.15 billion for the quarter, compared to $27.71 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.21 percent. For the current quarter, analysts expect META to generate $31.65B in revenue.

Meta Platforms Inc(META) Company Profile

Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising consumer hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. Meta Platforms, Inc. was incorporated in 2004 and is headquartered in Menlo Park, California.

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