Stocks of Meta Platforms Inc (NASDAQ:META) traded higher last session on Wall Street, down -1.87% to $584.78.
META stock price is now 11.18% away from the 50-day moving average and 21.92% away from the 200-day moving average. The market capitalization of the company currently stands at $1479.39B.
With the price target of $780, Pivotal Research Group recently initiated with Buy rating for Meta Platforms Inc (NASDAQ: META). On September 30, 2024, Monness Crespi & Hardt reiterated its ‘Buy’ rating on the stock by increasing its target price from $570 to quote $620, while ‘DA Davidson’ rates the stock as ‘Buy’
In other news, Zuckerberg Mark, Officer bought 492 shares of the company’s stock on Oct 07 ’24. The stock was bought for $295,568 at an average price of $600.75. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 04 ’24, Officer Olivan Javier bought 413 shares of the business’s stock. A total of $241,080 was incurred on buying the stock at an average price of $583.73. A total of 13.79% of the company’s stock is owned by insiders.
During the past 12 months, Meta Platforms Inc has had a low of $279.40 and a high of $596.85. As of last week, the company has a debt-to-equity ratio of 0.24, a current ratio of 2.83, and a quick ratio of 2.83. According to the stock market information, the enterprise value for the company is $1487529967616, which is based on a 29.86 price-to-earnings ratio, a 1.66 price-to-earnings-growth ratio, and a beta of 1.21. The fifty day moving average price for META is $525.9604 and a two-hundred day moving average price translates $479.6276 for the stock.
The latest earnings results from Meta Platforms Inc (NASDAQ: META) was released for 2024-06-30. The net profit margin was 34.34% and return on equity was 35.37% for META. The company reported revenue of $39.07 billion for the quarter, compared to $32.0 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.1 percent.
