In Tuesday’s Wall Street session, Meta Platforms Inc (NASDAQ:META) shares traded at $716.37, down -2.76% from the previous session.
META stock price is now 11.64% away from the 50-day moving average and 29.30% away from the 200-day moving average. The market capitalization of the company currently stands at $1815.21B.
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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 19,668 shares of the company’s stock on Feb 14 ’25. The stock was sold for $14,445,997 at an average price of $734.49. Upon completion of the transaction, the COB and CEO now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 13 ’25, COB and CEO Zuckerberg Mark sold 19,668 shares of the business’s stock. A total of $14,235,202 was realized by selling the stock at an average price of $723.77. A total of 13.75% of the company’s stock is owned by insiders.
During the past 12 months, Meta Platforms Inc has had a low of $414.50 and a high of $740.91. 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.
The net profit margin was 37.91% and return on equity was 37.14% for META. The company reported revenue of $48.39 billion for the quarter, compared to $40.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.63 percent. For the current quarter, analysts expect META to generate $41.45B in revenue.
