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2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
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3 Key Stocks Helping to Drive the EV Race
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
3 Key Stocks Helping to Drive the EV Race
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
3 Key Stocks Helping to Drive the EV Race
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
3 Key Stocks Helping to Drive the EV Race
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show

Meta Platforms (META) Stock Price, News & Analysis

$511.90
-11.26 (-2.15%)
(As of 04/12/2024 ET)
Today's Range
$509.33
$520.19
50-Day Range
$454.72
$527.34
52-Week Range
$207.13
$531.49
Volume
11.95 million shs
Average Volume
17.30 million shs
Market Capitalization
$1.31 trillion
P/E Ratio
34.36
Dividend Yield
0.39%
Price Target
$502.75

Meta Platforms MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.95 Rating Score
Upside/​Downside
1.8% Downside
$502.75 Price Target
Short Interest
Healthy
1.23% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.50mentions of Meta Platforms in the last 14 days
Based on 84 Articles This Week
Insider Trading
Selling Shares
$691.94 M Sold Last Quarter
Proj. Earnings Growth
15.78%
From $20.03 to $23.19 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.

4.07 out of 5 stars

Computer And Technology Sector

430th out of 1,800 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

37th out of 180 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

Dead whale in New Jersey had a fractured skull among numerous injuries, experts find
A post-mortem examination of a whale that washed ashore on New Jersey’s Long Beach Island shows the animal sustained numerous blunt force injuries including a fractured skull and vertebrae
Gold Hits New All-Time Highs
Due to both domestic and global issues, the trajectory of this precious metal could skyrocket in the coming months… Which is why billionaires and Central Banks alike are scooping up gold at record rates!
Some states are seeking to restrict TikTok. That doesn't mean their governors aren't using it
Efforts to ban TikTok from government devices have picked up steam in the past year in state legislatures and Congress even as politicians continue to use it to connect with and expand their base
Is Rumble Revving Up for Growth or Just Sputtering?
Video-sharing platform Rumble Inc. NASDAQ: RUM released its Q4 2023 earnings report with less-than-stellar results. The highlights included rising daily active users and an 8-cent EPS beat, with losses coming in at 14 cents versus 22 cents.
Gold Hits New All-Time Highs
Due to both domestic and global issues, the trajectory of this precious metal could skyrocket in the coming months… Which is why billionaires and Central Banks alike are scooping up gold at record rates!
Facebook News tab will soon be unavailable as Meta scales back news and political content
Meta will be sunsetting Facebook News in early April for users in the U.S. and Australia as the platform further deemphasizes news and politics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
Algeria’s government has flooded newly opened markets selling subsidized goods with pantry staples to stave off shortages during Islam’s holy month of Ramadan, when demand typically increases in Muslim-majority countries and prices tend to rise
Is Meta Stock A Buy After Debuting Latest AI Chip?
See More Headlines
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Company Calendar

Last Earnings
2/01/2024
Ex-Dividend for 3/26 Dividend
2/21/2024
Dividend Payable
3/26/2024
Today
4/13/2024
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
$502.75
High Stock Price Target
$600.00
Low Stock Price Target
$280.00
Potential Upside/Downside
-1.8%
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
$19.42 per share
Book Value
$60.08 per share

Miscellaneous

Outstanding Shares
2,549,410,000
Free Float
2,198,862,000
Market Cap
$1.31 trillion
Optionable
Optionable
Beta
1.20

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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 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 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 brokerages have issued 1-year price objectives for Meta Platforms' shares. Their META share price targets range from $280.00 to $600.00. On average, they anticipate the company's share price to reach $502.75 in the next twelve months. This suggests that the stock has a possible downside of 1.8%.
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 beginning of the year. Since then, META stock has increased by 44.6% and is now trading at $511.90.
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) issued its quarterly earnings data on Thursday, February, 1st. The social networking company reported $5.33 EPS 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 the consensus estimate of $39.12 billion. Meta Platforms had a net margin of 28.98% and a trailing twelve-month return on equity of 29.48%. Meta Platforms's revenue for the quarter was up 24.7% on a year-over-year basis. During the same period in the previous year, the business 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. Stockholders of record on Thursday, February 22nd will be paid a dividend of $0.50 per share on Tuesday, March 26th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.39%. 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 0.38%. 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 8.62% 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 issued an update on its first quarter 2024 earnings guidance on Thursday, February, 1st. The company provided earnings per share (EPS) 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 a variety of retail and institutional investors. Top institutional investors include IMC Chicago LLC (0.00%), Los Angeles Capital Management LLC (0.06%), Global Assets Advisory LLC (0.04%), Sarasin & Partners LLP (0.02%), Gateway Investment Advisers LLC (0.02%) and Northside Capital Management LLC (0.02%). 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 4/13/2024 by MarketBeat.com Staff

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