The stock of Meta Platforms Inc (NASDAQ:META) last traded at $559.14, down -0.70% from the previous session.
META stock price is now -2.37% away from the 50-day moving average and 8.89% away from the 200-day moving average. The market capitalization of the company currently stands at $1401.37B.
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With the price target enhanced from $780 to $800, Pivotal Research Group maintained Buy rating for Meta Platforms Inc (NASDAQ: META). On October 31, 2024, Monness Crespi & Hardt reiterated its ‘Buy’ rating on the stock by increasing its target price from $620 to quote $660, while ‘Scotiabank’ rates the stock as ‘Sector Perform’
In other news, Newstead Jennifer, Chief Legal Officer sold 905 shares of the company’s stock on Nov 19 ’24. The stock was sold for $499,831 at an average price of $552.30. Upon completion of the transaction, the Chief Legal Officer now directly owns 38,695 shares in the company, valued at $21.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18 ’24, Chief Technology Officer Bosworth Andrew sold 14,746 shares of the business’s stock. A total of $8,162,417 was realized by selling the stock at an average price of $553.53. 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 $313.66 and a high of $602.95. As of last week, the company has a debt-to-equity ratio of 0.30, a current ratio of 2.73, and a quick ratio of 2.73. According to the stock market information, the enterprise value for the company is $1389689569280, which is based on a 26.33 price-to-earnings ratio, a 1.46 price-to-earnings-growth ratio, and a beta of 1.20. The fifty day moving average price for META is $572.7412 and a two-hundred day moving average price translates $513.4758 for the stock.
The latest earnings results from Meta Platforms Inc (NASDAQ: META) was released for 2024-09-30. The net profit margin was 35.55% and return on equity was 36.13% for META. The company reported revenue of $40.59 billion for the quarter, compared to $34.15 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.87 percent.
