In yesterday’s Wall Street session, Meta Platforms Inc (NASDAQ:META) shares traded at $468.01, down -1.72% from the previous session.
META stock price is now -4.35% away from the 50-day moving average and 22.98% away from the 200-day moving average. The market capitalization of the company currently stands at $1187.13B.
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With the price target of $360, Exane BNP Paribas recently initiated with Underperform rating for Meta Platforms Inc (NASDAQ: META). On April 25, 2024, Oppenheimer reiterated its ‘Outperform’ rating on the stock by increasing its target price from $585 to quote $500, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Newstead Jennifer, Chief Legal Officer sold 576 shares of the company’s stock on May 07 ’24. The stock was sold for $268,606 at an average price of $466.33. Upon completion of the transaction, the Chief Legal Officer now directly owns 36,067 shares in the company, valued at $16.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 03 ’24, Chief Operating Officer Olivan Javier sold 490 shares of the business’s stock. A total of $218,506 was realized by selling the stock at an average price of $445.93. This leaves the insider owning 6,109 shares of the company worth $2.86 million. A total of 13.88% of the company’s stock is owned by insiders.
During the past 12 months, Meta Platforms Inc has had a low of $231.45 and a high of $531.49. As of last week, the company has a debt-to-equity ratio of 0.25, a current ratio of 2.68, and a quick ratio of 2.68.
The net profit margin was 32.06% and return on equity was 33.36% for META. The company reported revenue of $36.45 billion for the quarter, compared to $28.64 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.26 percent.
