Stocks of Meta Platforms Inc (NASDAQ:META) traded higher last session on Wall Street, up 0.23% to $645.05.
META stock price is now 10.94% away from the 50-day moving average and 8.78% away from the 200-day moving average. The market capitalization of the company currently stands at $1621.75B.
With the price target enhanced from $680 to $750, Wedbush maintained Outperform rating for Meta Platforms Inc (NASDAQ: META). On May 01, 2025, UBS reiterated its ‘Buy’ rating on the stock by increasing its target price from $650 to quote $683, while ‘Truist’ rates the stock as ‘Buy’
In other news, Newstead Jennifer, Chief Legal Officer sold 519 shares of the company’s stock on May 27 ’25. The stock was sold for $329,778 at an average price of $635.41. Upon completion of the transaction, the Chief Legal Officer now directly owns 30,221 shares in the company, valued at $19.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 27 ’25, Chief Operating Officer Olivan Javier sold 517 shares of the business’s stock. A total of $328,507 was realized by selling the stock at an average price of $635.41. This leaves the insider owning 10,438 shares of the company worth $6.73 million. A total of 13.78% of the company’s stock is owned by insiders.
During the past 12 months, Meta Platforms Inc has had a low of $442.65 and a high of $740.91. As of last week, the company has a debt-to-equity ratio of 0.27, a current ratio of 2.66, and a quick ratio of 2.66.
The net profit margin was 39.11% and return on equity was 39.83% for META. The company reported revenue of $42.31 billion for the quarter, compared to $36.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.07 percent.
