In yesterday’s Wall Street session, Meta Platforms Inc (NASDAQ:META) shares traded at $620.35, down -1.66% from the previous session.
META stock price is now 6.13% away from the 50-day moving average and 18.77% away from the 200-day moving average. The market capitalization of the company currently stands at $1539.85B.
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 13 ’24. The stock was bought for $22,351,458 at an average price of $622.24. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 10 ’24, Chief Legal Officer Newstead Jennifer sold 905 shares of the business’s stock. A total of $559,290 was realized by selling the stock at an average price of $618.00. This leaves the insider owning 35,630 shares of the company worth $22.1 million. 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 $328.64 and a high of $638.40. 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 $1544213495808, which is based on a 29.21 price-to-earnings ratio, a 1.72 price-to-earnings-growth ratio, and a beta of 1.19. The fifty day moving average price for META is $584.5032 and a two-hundred day moving average price translates $522.33185 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.
