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Meta Platforms Stock Price, News & Analysis (NASDAQ:META)

$318.06
-6.76 (-2.08%)
(As of 02:39 PM ET)
Compare
Today's Range
$313.66
$319.65
50-Day Range
$288.35
$341.49
52-Week Range
$112.46
$342.92
Volume
14.17 million shs
Average Volume
24.80 million shs
Market Capitalization
$817.37 billion
P/E Ratio
28.07
Dividend Yield
N/A
Price Target
$349.53

Meta Platforms MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
10.4% Upside
$349.53 Price Target
Short Interest
Healthy
1.43% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.07mentions of Meta Platforms in the last 14 days
Based on 68 Articles This Week
Insider Trading
Selling Shares
$115.37 M Sold Last Quarter
Proj. Earnings Growth
23.07%
From $14.26 to $17.55 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.77 out of 5 stars

Computer And Technology Sector

151st out of 589 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

Facebook parent Meta sues the FTC claiming 'unconstitutional authority' in child privacy case
The parent company of Instagram and Facebook has sued the Federal Trade Commission in an attempt to stop the agency from reopening a 2020 privacy settlement with the company that would prohibit it from profiting from data it collects on users under 18
Court document claims Meta knowingly designed its platforms to hook kids, reports say
A newly unsealed legal complaint claims Facebook parent Meta Platforms deliberately engineered its social platforms to hook kids
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Russia puts spokesman for tech giant and Facebook owner Meta on wanted list
Russia's interior ministry has added the spokesman of U.S. tech giant Meta, which owns Facebook and Instagram, to a wanted list, according to its online database
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Meta Platforms: The Bull and Bear Case for META Stock
Robotics Q&A with Meta’s Dhruv Batra
See More Headlines
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Company Calendar

Last Earnings
10/25/2023
Today
12/04/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/07/2024

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
86,482
Year Founded
2004

Price Target and Rating

Average Stock Price Target
$349.53
High Stock Price Target
$435.00
Low Stock Price Target
$155.00
Potential Upside/Downside
+9.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
49 Analysts

Profitability

Net Income
$23.20 billion
Pretax Margin
28.96%

Debt

Sales & Book Value

Annual Sales
$116.61 billion
Cash Flow
$13.31 per share
Book Value
$48.49 per share

Miscellaneous

Outstanding Shares
2,569,860,000
Free Float
2,209,311,000
Market Cap
$817.42 billion
Optionable
Optionable
Beta
1.20

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META Stock Analysis - Frequently Asked Questions

Should I buy or sell Meta Platforms stock right now?

49 Wall Street equities 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, 43 buy ratings and 1 strong buy rating 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?

49 brokers have issued 12-month price objectives for Meta Platforms' shares. Their META share price targets range from $155.00 to $435.00. On average, they anticipate the company's share price to reach $349.53 in the next year. This suggests a possible upside of 10.3% 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 2023?

Meta Platforms' stock was trading at $120.34 at the beginning of the year. Since then, META shares have increased by 163.2% and is now trading at $316.78.
View the best growth stocks for 2023 here
.

When is Meta Platforms' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 7th 2024.
View our META earnings forecast
.

How were Meta Platforms' earnings last quarter?

Meta Platforms, Inc. (NASDAQ:META) issued its quarterly earnings results on Wednesday, October, 25th. The social networking company reported $4.39 EPS for the quarter, beating the consensus estimate of $3.62 by $0.77. The social networking company earned $34.15 billion during the quarter, compared to analyst estimates of $33.58 billion. Meta Platforms had a net margin of 23.42% and a trailing twelve-month return on equity of 26.40%. Meta Platforms's quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.64 earnings per share.

Who are Meta Platforms' major shareholders?

Meta Platforms' stock is owned by many different institutional and retail investors. Top institutional investors include FMR LLC (5.09%), Morgan Stanley (1.41%), Northern Trust Corp (0.90%), Wellington Management Group LLP (0.82%), Invesco Ltd. (0.68%) and Bank of New York Mellon Corp (0.63%). Insiders that own company stock include Andrew Bosworth, David B Fischer, David B Fischer, David M Wehner, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 12/4/2023 by MarketBeat.com Staff

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