S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold

Meta Platforms (META) Stock Price, News & Analysis

$481.07
-20.73 (-4.13%)
(As of 04/19/2024 ET)
Today's Range
$475.73
$502.26
50-Day Range
$460.12
$527.34
52-Week Range
$207.13
$531.49
Volume
25.19 million shs
Average Volume
17.16 million shs
Market Capitalization
$1.23 trillion
P/E Ratio
32.29
Dividend Yield
0.42%
Price Target
$519.53

Meta Platforms MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.95 Rating Score
Upside/​Downside
8.0% Upside
$519.53 Price Target
Short Interest
Healthy
1.23% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.34mentions of Meta Platforms in the last 14 days
Based on 143 Articles This Week
Insider Trading
Selling Shares
$685.09 M Sold Last Quarter
Proj. Earnings Growth
15.31%
From $20.18 to $23.27 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.04 out of 5 stars

Computer And Technology Sector

168th out of 585 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

13th out of 57 stocks

META stock logo

About Meta Platforms Stock (NASDAQ:META)

Meta Platforms, Inc. is a US-based multinational technology company and 1 of the Big 5 US tech companies. It is a member of the FAANG group holding the first position with its original name, Facebook.

Meta Platforms, Inc life began in 2004 as a digital “face book” for Harvard students. The company was founded by Mark Zuckerburg and a group of friends but now only Zuckerburg remains. The company quickly grew and expanded into other universities and then opened itself to the public in 2006. As of 2006, anyone over the age of 13 can be a Facebook user which is the company’s primary source of income. As of 2022, the company claimed more than 2.9 billion monthly active Facebook users.

Facebook, Inc filed for its IPO on January 1st 2012. The prospectus stated the company was seeking to raise $5 billion but it got so much more. The day before the IPO execs announced it would sell 25% more stock than it had previously stated because of the high demand. The company wound up raising more than $16 billion making it the 3rd largest IPO in history at the time.

The massive IPO valuation earned Facebook a spot in the S&P 500 in the first year of its public life. Although its valuation has deteriorated in the wake of scandal and consumer trends within social media, early investors were treated to gains in excess of 1000% at the peak of the stock run. Mark Zuckerburg retained 22% ownership in the company following the IPO, and 57% of the voting rights. As of 2022, those holdings were down to about 14% of the company and 54% of the voting rights.

Over the years, Facebook acquired a large number of apps and other businesses that include but are not limited to Instagram and WhatsApp. The company changed its name to Meta Platforms DBA Meta in 2021 to reflect its business and mission better. The new name describes the metaverse and refers to the seamless social interaction provided by Meta’s social media application universe.

Today, Meta develops digital applications that allow people to connect with family, friends, businesses, and merchants through Internet connections. Applications are available for mobile, PC, VR, and smart homes.

The company’s primary operating segment is the Family of Apps. The family of Apps includes Facebook and all the other digital applications. This segment produces virtually all of the revenue which is in turn 97% advertising oriented. The other operating segment is Reality Labs. Reality Labs develops and markets a line of virtual and augmented-reality products.

META Stock Price History

META Stock News Headlines

Apple pulls WhatsApp and Threads from App Store on Beijing's orders
Apple says it has removed Meta’s WhatsApp messaging app and its Threads social media app from the App Store in China on Beijing’s orders
3 Magnificent Seven Stocks Outperforming the Rest
As the year's second quarter gets well underway, we're gearing up for earnings season, where significant players in the market will be unveiling their first-quarter results. This year presents a distinct shift from the previous one.
Secret Bull Market Starts in This Unusual Sector
"We're only at the very beginning of a new wave that could deliver 500%-plus gains in the years to come." In fact, 50 small companies related to this sector have already soared 100% or more in a recent 90-day stretch.
US committee releases sealed Brazil court orders to Musk's X, shedding light on account suspensions
A U.S. congressional committee has released confidential Brazilian court orders to suspend accounts on the social media platform X
Legislation that could force a TikTok ban revived as part of House foreign aid package
Legislation that could ban TikTok if its China-based owner doesn’t sell its stake has won a major boost as House Republicans included it in a package of bills that would send U.S. aid to Ukraine and Israel
Meta's newest AI model beats some peers. But its amped-up AI agents are confusing Facebook users
Generative AI is advancing so quickly that the latest chatbots available today could be out of date tomorrow
Secret Bull Market Starts in This Unusual Sector
"We're only at the very beginning of a new wave that could deliver 500%-plus gains in the years to come." In fact, 50 small companies related to this sector have already soared 100% or more in a recent 90-day stretch.
Croatia's conservative PM convinced his party will soon form a new majority after inconclusive vote
Croatia’s ruling conservatives says that talks are already underway on the formation of a new governing majority following a highly contested parliamentary election that saw a far-right party emerge as a potential kingmaker
Here's what Apple will say if a US TikTok ban becomes law
3 Magnificent 7 Stocks to Buy Now: Q2 Edition
See More Headlines
Receive META Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Meta Platforms and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/01/2024
Ex-Dividend for 3/26 Dividend
2/21/2024
Dividend Payable
3/26/2024
Today
4/19/2024
Next Earnings (Confirmed)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
Internet Software & Services
Current Symbol
NASDAQ:META
CUSIP
30303M10
Fax
N/A
Employees
67,317
Year Founded
2004

Price Target and Rating

Average Stock Price Target
$519.53
High Stock Price Target
$610.00
Low Stock Price Target
$285.00
Potential Upside/Downside
+8.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.95
Research Coverage
43 Analysts

Profitability

Net Income
$39.10 billion
Pretax Margin
35.16%

Debt

Sales & Book Value

Annual Sales
$134.90 billion
Cash Flow
$19.20 per share
Book Value
$60.08 per share

Miscellaneous

Outstanding Shares
2,549,410,000
Free Float
2,198,862,000
Market Cap
$1.23 trillion
Optionable
Optionable
Beta
1.20

Social Links

20 Stocks to Sell Now Cover

MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.

Get This Free Report

Should I Buy Meta Platforms Stock? META Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Meta:

  • Meta's stock has a consensus rating of "Moderate Buy" with a price target of $496.35, indicating positive sentiment from analysts and potential for growth.
  • Meta Platforms engages in the development of innovative products that enable people to connect and share globally through various platforms, showcasing a strong market presence and potential for expansion.
  • Recent institutional trading activities by large investors like Vanguard Group Inc. and BlackRock Inc. indicate confidence in Meta's future performance, reflecting a positive outlook from industry giants.
  • Meta's diverse product segments, including Facebook, Instagram, Messenger, and WhatsApp, cater to a wide range of user preferences, enhancing the company's revenue streams and market stability.
  • Meta's focus on virtual reality headsets and wearables through its Reality Labs segment demonstrates a commitment to technological advancement and future-oriented growth strategies, appealing to investors seeking long-term prospects.

Cons

Investors should be bearish about investing in Meta for these reasons:

  • Meta's stock may be subject to volatility due to market uncertainties and regulatory challenges in the social networking industry, potentially leading to fluctuations in share prices and investor confidence.
  • Increased competition in the social media landscape from emerging platforms could impact Meta's market share and user engagement, posing a threat to the company's long-term growth prospects.
  • Concerns over data privacy and security issues related to Meta's platforms, such as Facebook and Instagram, may lead to regulatory scrutiny and public distrust, affecting user retention and brand reputation.
  • Evolving consumer preferences and trends in digital communication may pose challenges for Meta's ability to adapt quickly and innovate effectively, potentially hindering the company's competitive edge in the market.
  • External factors like global economic conditions and geopolitical events could influence Meta's performance and investor sentiment, introducing additional risks to the investment landscape.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Meta Platforms pros and cons to contact@marketbeat.com.

META Stock Analysis - Frequently Asked Questions

Should I buy or sell Meta Platforms stock right now?

43 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Meta Platforms in the last year. There are currently 1 sell rating, 2 hold ratings, 38 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" META shares.
View META analyst ratings
or view top-rated stocks.

What is Meta Platforms' stock price target for 2024?

43 brokers have issued 1-year price objectives for Meta Platforms' shares. Their META share price targets range from $285.00 to $610.00. On average, they predict the company's stock price to reach $519.53 in the next year. This suggests a possible upside of 8.0% from the stock's current price.
View analysts price targets for META
or view top-rated stocks among Wall Street analysts.

How have META shares performed in 2024?

Meta Platforms' stock was trading at $353.96 on January 1st, 2024. Since then, META stock has increased by 35.9% and is now trading at $481.07.
View the best growth stocks for 2024 here
.

When is Meta Platforms' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our META earnings forecast
.

How can I listen to Meta Platforms' earnings call?

Meta Platforms will be holding an earnings conference call on Wednesday, April 24th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Meta Platforms' earnings last quarter?

Meta Platforms, Inc. (NASDAQ:META) released its quarterly earnings results on Thursday, February, 1st. The social networking company reported $5.33 earnings per share for the quarter, beating the consensus estimate of $4.82 by $0.51. The social networking company earned $40.11 billion during the quarter, compared to analysts' expectations of $39.12 billion. Meta Platforms had a net margin of 28.98% and a trailing twelve-month return on equity of 29.48%. The business's quarterly revenue was up 24.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.00 earnings per share.

How often does Meta Platforms pay dividends? What is the dividend yield for Meta Platforms?

Meta Platforms announced a quarterly dividend on Thursday, February 1st. Investors of record on Thursday, February 22nd will be given a dividend of $0.50 per share on Tuesday, March 26th. This represents a $2.00 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Wednesday, February 21st.
Read our dividend analysis for META
.

Is Meta Platforms a good dividend stock?

Meta Platforms (NASDAQ:META) pays an annual dividend of $2.00 per share and currently has a dividend yield of 0.40%. The dividend payout ratio is 13.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, META will have a dividend payout ratio of 8.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for META.

What guidance has Meta Platforms issued on next quarter's earnings?

Meta Platforms updated its first quarter 2024 earnings guidance on Thursday, February, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $34.5 billion-$37.0 billion, compared to the consensus revenue estimate of $33.8 billion.

Who are Meta Platforms' major shareholders?

Meta Platforms' stock is owned by many different retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.24%), IMC Chicago LLC (0.00%), Los Angeles Capital Management LLC (0.06%), Allspring Global Investments Holdings LLC (0.05%), Global Assets Advisory LLC (0.04%) and State of Michigan Retirement System (0.03%). Insiders that own company stock include Andrew Bosworth, David B Fischer, David B Fischer, David M Wehner, David M Wehner, Javier Olivan, Jennifer Newstead, Mark Zuckerberg, Mark Zuckerberg, Marne L Levine, Nicholas Clegg, Susan J Li and Susan JS Taylor.
View institutional ownership trends
.

How do I buy shares of Meta Platforms?

Shares of META stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Meta Platforms have any subsidiaries?
The following companies are subsidiares of Meta Platforms: Acrylic Software, Andale, Andale Inc., Atlas Solutions Advertiser Suite, Beat Games, Beluga, Biblbobl, Bloomsbury AI, Bolt | Peters, Branch, CTRL-labs, Cassin Networks ApS, Chai Labs, Confirm.io, CrowdTangle, Daytum, Digital Staircase, Divvyshot, Dreambit, Edge Network Services, Edge Network Services Limited, Endaga, Eyegroove, FCL Tech, FCL Tech Limited, Face.com, Facebook International Operations, Facebook International Operations Limited, Facebook Ireland Holdings Unlimited, Facebook Ireland Limited, Facebook Ireland Limited, Facebook Operations, Facebook Operations LLC, Facebook Sweden Holdings, Facebook Sweden Holdings AB, Facebook Technologies LLC, FacioMetrics, Fayteq AG, Friend.ly, FriendFeed, GIPHY, GazeHawk, Glancee, Global Holdings I Inc, Global Holdings I Inc., Global Holdings I LLC, Global Holdings I LLC, Global Holdings II LLC, Global Holdings II LLC, Gowalla, Greater Kudu, Greater Kudu LLC, GrokStyle, Hot Potato, Instagram, Instagram LLC, Jibbigo, KUSU PTE, KUSU PTE. Ltd., Karma, Kustomer, Lemnis Technologies, Lightbox, Little Eye Labs, LiveRail, Malkoha PTE Ltd., Mapillary, Monoidics, Morning Hornet LLC, Nextstop, Octazen Solutions, Oculus, Onavo, Osmeta, Ozlo, Packagd, Parakey, Parse, Parse LLC, Pieceable, Pinnacle Sweden, Pinnacle Sweden AB, PlayGiga, PrivateCore, ProtoGeo, Pryte, Pursuit, Push Pop Press, QuickFire Networks, Raven Northbrook LLC, RedKix, Runways Information Services, Runways Information Services Ltd, Sanzaru Games Inc, Scape Technologies, Scout Development LLC, Sendoid, Servicefriend, ShareGrove, Siculus, Siculus Inc., Sidecat LLC, Snaptu, Sofa, Source3, Spaceport.io, Spool, SportStream, Stadion LLC, Starbelt LLC, Storylane, Strobe, TBH, Tagtile, Teehan+Lax, TheFind Inc., Two Big Ears Ltd, Vidpresso, Vitesse, Vitesse LLC, WhatsApp, WhoGlue, Winner, Winner LLC, Wit.ai, Zenbe, and drop.io.
Read More
This page (NASDAQ:META) was last updated on 4/19/2024 by MarketBeat.com Staff

From Our Partners