The stock of Meta Platforms Inc (NASDAQ:META) last traded at $516.25, up 2.28% from the previous session.
META stock price is now -19.80% away from the 50-day moving average and -10.59% away from the 200-day moving average. The market capitalization of the company currently stands at $1308.00B.
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, Olivan Javier, Officer bought 608 shares of the company’s stock on Apr 07 ’25. The stock was bought for $296,814 at an average price of $488.18. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 01 ’25, Chief Legal Officer Newstead Jennifer sold 921 shares of the business’s stock. A total of $525,578 was realized by selling the stock at an average price of $570.66. This leaves the insider owning 30,261 shares of the company worth $15.62 million. A total of 13.72% 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. According to the stock market information, the enterprise value for the company is $1250767798272, which is based on a 21.58 price-to-earnings ratio, a 1.95 price-to-earnings-growth ratio, and a beta of 1.24. The fifty day moving average price for META is $643.731 and a two-hundred day moving average price translates $577.36536 for the stock.
The latest earnings results from Meta Platforms Inc (NASDAQ: META) was released for 2024-12-31. 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.
