The stock of Meta Platforms Inc (NASDAQ:META) last traded at $496.98, up 2.66% from the previous session.
META stock price is now 12.82% away from the 50-day moving average and 45.53% away from the 200-day moving average. The market capitalization of the company currently stands at $1267.01B.
With the price target enhanced from $430 to $530, Wolfe Research maintained Outperform rating for Meta Platforms Inc (NASDAQ: META). On February 02, 2024, Wells Fargo reiterated its ‘Overweight’ rating on the stock by increasing its target price from $438 to quote $536, while ‘Wedbush’ rates the stock as ‘Outperform’
In other news, Zuckerberg Mark, COB and CEO sold 77,412 shares of the company’s stock on Mar 15 ’24. The stock was sold for $37,553,143 at an average price of $485.11. 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 Mar 14 ’24, COB and CEO Zuckerberg Mark sold 45,919 shares of the business’s stock. A total of $22,737,772 was realized by selling the stock at an average price of $495.17. A total of 13.97% of the company’s stock is owned by insiders.
During the past 12 months, Meta Platforms Inc has had a low of $193.64 and a high of $523.57. As of last week, the company has a debt-to-equity ratio of 0.25, a current ratio of 2.67, and a quick ratio of 2.67. According to the stock market information, the enterprise value for the company is $1.21T, which is based on a 33.36 price-to-earnings ratio, a 1.28 price-to-earnings-growth ratio, and a beta of 1.21. The fifty day moving average price for META is $443.50 and a two-hundred day moving average price translates $342.65 for the stock.
The latest earnings results from Meta Platforms Inc (NASDAQ: META) was released for Dec, 2023. According to the Internet Content & Information Company, earnings per share came in at $4.89, beating analysts’ expectations of $4.55 by 0.34. This compares to $1.76 EPS in the same period last year. The net profit margin was 28.98% and return on equity was 28.04% for META. The company reported revenue of $40.11 billion for the quarter, compared to $32.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.71 percent. For the current quarter, analysts expect META to generate $33.07B in revenue.
