The price of Meta Platforms Inc (NASDAQ:META) shares last traded on Wall Street rose 0.33% to $719.80.
META stock price is now 14.16% away from the 50-day moving average and 31.29% away from the 200-day moving average. The market capitalization of the company currently stands at $1823.90B.
With the price target maintained at $820, The Benchmark Company recently Upgraded its rating from Hold to Buy for Meta Platforms Inc (NASDAQ: META). On January 23, 2025, BofA Securities reiterated its ‘Buy’ rating on the stock by increasing its target price from $660 to quote $710, while ‘Cantor Fitzgerald’ rates the stock as ‘Overweight’
In other news, Zuckerberg Mark, Officer bought 19,668 shares of the company’s stock on Feb 11 ’25. The stock was bought for $14,111,832 at an average price of $717.50. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 11 ’25, Officer Newstead Jennifer bought 902 shares of the business’s stock. A total of $643,415 was incurred on buying the stock at an average price of $713.32. A total of 13.87% of the company’s stock is owned by insiders.
During the past 12 months, Meta Platforms Inc has had a low of $414.50 and a high of $725.01. As of last week, the company has a debt-to-equity ratio of 0.27, a current ratio of 2.98, and a quick ratio of 2.98. According to the stock market information, the enterprise value for the company is $1685938241536, which is based on a 30.09 price-to-earnings ratio, a 2.62 price-to-earnings-growth ratio, and a beta of 1.22. The fifty day moving average price for META is $627.589 and a two-hundred day moving average price translates $547.1263 for the stock.
The latest earnings results from Meta Platforms Inc (NASDAQ: META) was released for 2024-09-30. The net profit margin was 37.91% and return on equity was 37.14% 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. For the current quarter, analysts expect META to generate $41.45B in revenue.
