The price of Meta Platforms Inc (NASDAQ:META) shares last traded on Wall Street rose 3.51% to $613.65.
META stock price is now 6.41% away from the 50-day moving average and 18.74% away from the 200-day moving average. The market capitalization of the company currently stands at $1548.85B.
With the price target enhanced from $780 to $800, Pivotal Research Group maintained Buy rating for Meta Platforms Inc (NASDAQ: META). On October 31, 2024, Monness Crespi & Hardt reiterated its ‘Buy’ rating on the stock by increasing its target price from $620 to quote $660, while ‘Scotiabank’ rates the stock as ‘Sector Perform’
In other news, Zuckerberg Mark, Officer bought 35,921 shares of the company’s stock on Dec 03 ’24. The stock was bought for $21,838,799 at an average price of $607.97. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 03 ’24, Officer Newstead Jennifer bought 905 shares of the business’s stock. A total of $538,475 was incurred on buying the stock at an average price of $595.00. A total of 13.90% of the company’s stock is owned by insiders.
During the past 12 months, Meta Platforms Inc has had a low of $313.66 and a high of $602.95. As of last week, the company has a debt-to-equity ratio of 0.30, a current ratio of 2.73, and a quick ratio of 2.73. According to the stock market information, the enterprise value for the company is $1527299440640, which is based on a 28.90 price-to-earnings ratio, a 1.70 price-to-earnings-growth ratio, and a beta of 1.20. The fifty day moving average price for META is $575.6812 and a two-hundred day moving average price translates $516.0787 for the stock.
The latest earnings results from Meta Platforms Inc (NASDAQ: META) was released for 2024-09-30. The net profit margin was 35.55% and return on equity was 36.13% for META. The company reported revenue of $40.59 billion for the quarter, compared to $34.15 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.87 percent.
