In yesterday’s Wall Street session, Meta Platforms Inc (NASDAQ:META) shares traded at $502.60, up 1.96% from the previous session.
META stock price is now 4.56% away from the 50-day moving average and 26.69% away from the 200-day moving average. The market capitalization of the company currently stands at $1274.87B.
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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, Zuckerberg Mark, COB and CEO sold 2,011 shares of the company’s stock on Jun 06 ’24. The stock was sold for $1,007,340 at an average price of $500.92. Upon completion of the transaction, the COB and CEO now directly owns 318,932 shares in the company, valued at $160.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 06 ’24, Chief Operating Officer Olivan Javier sold 412 shares of the business’s stock. A total of $203,108 was realized by selling the stock at an average price of $492.98. This leaves the insider owning 8,443 shares of the company worth $4.24 million. A total of 13.78% of the company’s stock is owned by insiders.
During the past 12 months, Meta Platforms Inc has had a low of $258.88 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. According to the stock market information, the enterprise value for the company is $1229922893824, which is based on a 28.87 price-to-earnings ratio, a 0.96 price-to-earnings-growth ratio, and a beta of 1.21. The fifty day moving average price for META is $481.0072 and a two-hundred day moving average price translates $397.75485 for the stock.
The latest earnings results from Meta Platforms Inc (NASDAQ: META) was released for 2024-03-31. 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.
