In Tuesday’s Wall Street session, Meta Platforms Inc (NASDAQ:META) shares traded at $666.85, down -0.60% from the previous session.
META stock price is now 13.83% away from the 50-day moving average and 12.06% away from the 200-day moving average. The market capitalization of the company currently stands at $1676.56B.
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, Officer bought 519 shares of the company’s stock on Jun 03 ’25. The stock was bought for $348,249 at an average price of $671.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 02 ’25, Officer Olivan Javier bought 517 shares of the business’s stock. A total of $333,429 was incurred on buying the stock at an average price of $644.93. 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.
