Meta Platforms Inc [META] stock prices are down -0.62% to $484.02 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The META shares have gain 3.42% over the last week, with a monthly amount glided 20.70%, and seem to be holding up well over a long-time horizon.
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On 14, February 2024, Hock E. Tan and John Arnold to Join Meta Board of Directors. In a post published today on Yahoo Finance, Meta today announced that Hock E. Tan and John Arnold have been elected to the company’s board of directors, effective immediately.
From an analyst’s perspective:
Meta Platforms Inc [NASDAQ: META] stock has seen the most recent analyst activity on February 02, 2024, when Wolfe Research reiterated its Outperform rating and also boosted its price target to $530 from $430. Previously, Wells Fargo reaffirmed its Overweight rating on February 02, 2024, and elevated its price target to $536. On February 02, 2024, Wedbush reiterated its Outperform rating and revised its price target to $520 on the stock. UBS reiterated its Buy rating and increased its price target to $530 on February 02, 2024. TD Cowen reiterated its recommendation of a Outperform and raised its price target to $500 on February 02, 2024. Susquehanna reiterated a Positive rating for this stock on February 02, 2024, and upped its price target to $550. In a note dated February 02, 2024, Stifel reiterated an Buy rating on this stock and boosted its target price from $405 to $527.
The stock price of Meta Platforms Inc [META] has been fluctuating between $171.43 and $494.36 over the past year. Currently, Wall Street analysts expect the stock to reach $288.66 within the next 12 months. Meta Platforms Inc [NASDAQ: META] shares were valued at $484.02 at the most recent close of the market. An investor can expect a potential drop of -40.36% based on the average META price forecast.
Analyzing the META fundamentals
The Meta Platforms Inc [NASDAQ:META] reported sales of 134.90B for trailing twelve months, representing a surge of 24.70%. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.35%, and Net Profit Margin reading is 0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.28 and Total Capital is 0.24. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.24.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 480.83 points at the first support level, and at 477.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 489.13, and for the 2nd resistance point, it is at 494.24.
Meta Platforms Inc [META] reported earnings per share of $5.33 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $4.96/share, meaning a difference of $0.37 and a surprise factor of 7.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $4 per share as compared to estimates of $3.31 per share, a difference of $0.69 representing a surprise of 20.80%.
Ratios To Look Out For
It’s worth pointing out that Meta Platforms Inc [NASDAQ:META]’s Current Ratio is 2.67. Further, the Quick Ratio stands at 2.67, while the Cash Ratio is 1.31. Considering the valuation of this stock, the price to sales ratio is 9.15, the price to book ratio is 8.09 and price to earnings (TTM) ratio is 32.49.
Transactions by insiders
Insider trading, which has resulted in 8 insider purchases of 167,520 shares and 62 insider sales of 190,760 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Zuckerberg Mark, COB and CEO, that happened on Feb 28 when 77412.0 shares were sold. COB and CEO, Zuckerberg Mark completed a deal on Feb 27 to sell 77412.0 shares. Meanwhile, COB and CEO Zuckerberg Mark sold 77412.0 shares on Feb 26.
