The stock of Meta Platforms Inc (NASDAQ:META) last traded at $697.46, up 1.20% from the previous session.
META stock price is now 13.81% away from the 50-day moving average and 28.77% away from the 200-day moving average. The market capitalization of the company currently stands at $1760.39B.
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With the price target maintained at $820, The Benchmark Company recently Upgraded its rating from Hold to Buy for Meta Platforms Inc (NASDAQ: META). On January 23, 2025, BofA Securities reiterated its ‘Buy’ rating on the stock by increasing its target price from $660 to quote $710, while ‘Cantor Fitzgerald’ rates the stock as ‘Overweight’
In other news, Zuckerberg Mark, COB and CEO sold 12,975 shares of the company’s stock on Jan 31 ’25. The stock was sold for $9,035,660 at an average price of $696.39. Upon completion of the transaction, the COB and CEO now directly owns 210,971 shares in the company, valued at $147.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 31 ’25, COB and CEO Zuckerberg Mark sold 30,908 shares of the business’s stock. A total of $21,563,848 was realized by selling the stock at an average price of $697.68. A total of 13.77% of the company’s stock is owned by insiders.
During the past 12 months, Meta Platforms Inc has had a low of $393.05 and a high of $710.79. As of last week, the company has a debt-to-equity ratio of 0.27, a current ratio of 2.98, and a quick ratio of 2.98. According to the stock market information, the enterprise value for the company is $1685938241536, which is based on a 29.15 price-to-earnings ratio, a 2.55 price-to-earnings-growth ratio, and a beta of 1.20. The fifty day moving average price for META is $609.9474 and a two-hundred day moving average price translates $540.6473 for the stock.
The latest earnings results from Meta Platforms Inc (NASDAQ: META) was released for 2024-09-30. The net profit margin was 37.91% and return on equity was 37.14% 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.
