Meta Platforms (META) Stock Price, News & Analysis

$471.91
-1.32 (-0.28%)
(As of 05/17/2024 ET)
Today's Range
$468.42
$472.80
50-Day Range
$430.17
$527.34
52-Week Range
$241.19
$531.49
Volume
10.81 million shs
Average Volume
20.91 million shs
Market Capitalization
$1.20 trillion
P/E Ratio
27.11
Dividend Yield
0.42%
Price Target
$509.80

Meta Platforms MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
8.0% Upside
$509.80 Price Target
Short Interest
Healthy
1.30% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.25mentions of Meta Platforms in the last 14 days
Based on 95 Articles This Week
Insider Trading
Selling Shares
$499.28 M Sold Last Quarter
Proj. Earnings Growth
14.47%
From $20.18 to $23.10 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.

3.53 out of 5 stars

Computer And Technology Sector

229th out of 589 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

18th out of 59 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

Facebook and Instagram face fresh scrutiny under the European Union's strict digital regulations
The European Union opened fresh investigations into Facebook and Instagram over suspicions that they’re failing to protect children online, in violation of the bloc’s strict digital regulations for social media platforms
Now armed with AI, America's adversaries will try to influence election, security officials warn
Top U.S. security officials say America’s foreign adversaries will again seek to influence the upcoming U.S. elections
Mexican citizens were traveling to work at a Florida farm when a pickup hit their bus, killing 8
Officials say Mexican citizens were among those going to work at a Florida watermelon farm when the bus they were traveling in was hit and crashed, killing eight people
Sidewalk video ‘Portal’ linking NYC and Dublin by livestream temporarily paused after lewd antics
The video screen “Portal” that lets people in New York and Dublin peer into life on opposite sides of the Atlantic in real time has been a source of whimsical delight, but also a magnet for boorish behavior that’s prompted officials to hit pause for now
The Taliban warn journalists and experts against cooperating with Afghanistan International TV
The Taliban are warning journalists and experts against working with Afghanistan International TV
Italy's RAI journalists strike over budget streamlining, complain of censorship and media repression
Some journalists at Italy’s state-run RAI are on strike to protest budget streamlining and what they say is an increasingly repressive atmosphere in Italy for media
META May 2024 370.000 call
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Meta Platforms, Inc. (META)
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See More Headlines
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Company Calendar

Ex-Dividend for 3/26 Dividend
2/21/2024
Dividend Payable
3/26/2024
Last Earnings
4/24/2024
Today
5/18/2024
Next Earnings (Estimated)
7/24/2024
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
$509.80
High Stock Price Target
$600.00
Low Stock Price Target
$285.00
Potential Upside/Downside
+8.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
44 Analysts

Profitability

Net Income
$39.10 billion
Pretax Margin
38.05%

Debt

Sales & Book Value

Annual Sales
$134.90 billion
Cash Flow
$19.66 per share
Book Value
$58.95 per share

Miscellaneous

Outstanding Shares
2,536,530,000
Free Float
2,188,775,000
Market Cap
$1.20 trillion
Optionable
Optionable
Beta
1.21

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META Stock Analysis - Frequently Asked Questions

Should I buy or sell Meta Platforms stock right now?

44 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Meta Platforms in the last twelve months. There are currently 2 sell ratings, 3 hold ratings, 37 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street 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?

44 analysts have issued 1 year price objectives for Meta Platforms' shares. Their META share price targets range from $285.00 to $600.00. On average, they predict the company's stock price to reach $509.80 in the next twelve months. 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 at the start of the year. Since then, META shares have increased by 33.3% and is now trading at $471.91.
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, July 24th 2024.
View our META earnings forecast
.

How were Meta Platforms' earnings last quarter?

Meta Platforms, Inc. (NASDAQ:META) released its quarterly earnings data on Wednesday, April, 24th. The social networking company reported $4.71 EPS for the quarter, beating the consensus estimate of $4.32 by $0.39. The social networking company had revenue of $36.46 billion for the quarter, compared to analyst estimates of $36.28 billion. Meta Platforms had a net margin of 32.06% and a trailing twelve-month return on equity of 32.03%.

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

Meta Platforms declared 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 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend 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 0.42%. The dividend payout ratio is 11.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, META will have a dividend payout ratio of 8.66% 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 second quarter 2024 earnings guidance on Wednesday, April, 24th. The company provided EPS guidance of for the period. The company issued revenue guidance of $36.5 billion-$39.0 billion, compared to the consensus revenue estimate of $38.3 billion.

Who are Meta Platforms' major shareholders?

Meta Platforms' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (7.38%), Price T Rowe Associates Inc. MD (1.70%), Capital World Investors (1.51%), Capital Research Global Investors (1.36%), Capital International Investors (1.16%) and Bank of New York Mellon Corp (0.60%). Insiders that own company stock include Aaron Anderson, 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 5/19/2024 by MarketBeat.com Staff

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