In Tuesday’s Wall Street session, Meta Platforms Inc (NASDAQ:META) shares traded at $657.50, down -1.59% from the previous session.
META stock price is now 1.43% away from the 50-day moving average and 17.46% away from the 200-day moving average. The market capitalization of the company currently stands at $1665.88B.
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, Newstead Jennifer, Officer bought 921 shares of the company’s stock on Feb 25 ’25. The stock was bought for $613,156 at an average price of $665.75. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21 ’25, COB and CEO Zuckerberg Mark sold 3,523 shares of the business’s stock. A total of $2,469,973 was realized by selling the stock at an average price of $701.10. A total of 13.71% 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 $740.91. 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.
The net profit margin was 37.91% and return on equity was 37.14% for META. The company reported revenue of $48.39 billion for the quarter, compared to $40.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.63 percent. For the current quarter, analysts expect META to generate $41.45B in revenue.
