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Meta Platforms (META) Stock Price, News & Analysis

Meta Platforms logo
$589.34 -2.36 (-0.40%)
(As of 11/8/2024 ET)

About Meta Platforms Stock (NASDAQ:META)

Key Stats

Today's Range
$584.55
$593.10
50-Day Range
$500.27
$595.94
52-Week Range
$313.66
$602.95
Volume
9.40 million shs
Average Volume
15.11 million shs
Market Capitalization
$1.49 trillion
P/E Ratio
27.76
Dividend Yield
0.34%
Price Target
$634.10
Consensus Rating
Moderate Buy

Company Overview

Meta Platforms, Inc. is a US-based multinational technology company and 1 of the Big 5 US tech companies. It is a member of the FAANG group holding the first position with its original name, Facebook.

Meta Platforms, Inc life began in 2004 as a digital “face book” for Harvard students. The company was founded by Mark Zuckerburg and a group of friends but now only Zuckerburg remains. The company quickly grew and expanded into other universities and then opened itself to the public in 2006. As of 2006, anyone over the age of 13 can be a Facebook user which is the company’s primary source of income. As of 2022, the company claimed more than 2.9 billion monthly active Facebook users.

Facebook, Inc filed for its IPO on January 1st 2012. The prospectus stated the company was seeking to raise $5 billion but it got so much more. The day before the IPO execs announced it would sell 25% more stock than it had previously stated because of the high demand. The company wound up raising more than $16 billion making it the 3rd largest IPO in history at the time.

The massive IPO valuation earned Facebook a spot in the S&P 500 in the first year of its public life. Although its valuation has deteriorated in the wake of scandal and consumer trends within social media, early investors were treated to gains in excess of 1000% at the peak of the stock run. Mark Zuckerburg retained 22% ownership in the company following the IPO, and 57% of the voting rights. As of 2022, those holdings were down to about 14% of the company and 54% of the voting rights.

Over the years, Facebook acquired a large number of apps and other businesses that include but are not limited to Instagram and WhatsApp. The company changed its name to Meta Platforms DBA Meta in 2021 to reflect its business and mission better. The new name describes the metaverse and refers to the seamless social interaction provided by Meta’s social media application universe.

Today, Meta develops digital applications that allow people to connect with family, friends, businesses, and merchants through Internet connections. Applications are available for mobile, PC, VR, and smart homes.

The company’s primary operating segment is the Family of Apps. The family of Apps includes Facebook and all the other digital applications. This segment produces virtually all of the revenue which is in turn 97% advertising oriented. The other operating segment is Reality Labs. Reality Labs develops and markets a line of virtual and augmented-reality products.

Meta Platforms Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
83rd Percentile Overall Score

META MarketRank™: 

Meta Platforms scored higher than 83% of companies evaluated by MarketBeat, and ranked 169th out of 658 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Meta Platforms has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 35 buy ratings, 4 hold ratings, and 2 sell ratings.

  • Amount of Analyst Coverage

    Meta Platforms has been the subject of 32 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Meta Platforms' stock forecast and price target.
  • Earnings Growth

    Earnings for Meta Platforms are expected to grow by 11.32% in the coming year, from $22.53 to $25.08 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Meta Platforms is 27.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.20.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Meta Platforms is 27.76, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 256.15.

  • Price to Earnings Growth Ratio

    Meta Platforms has a PEG Ratio of 1.24. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Meta Platforms has a P/B Ratio of 9.06. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Meta Platforms' valuation and earnings.
  • Percentage of Shares Shorted

    1.43% of the float of Meta Platforms has been sold short.
  • Short Interest Ratio / Days to Cover

    Meta Platforms has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Meta Platforms has recently decreased by 3.70%, indicating that investor sentiment is improving.
  • Dividend Yield

    Meta Platforms has a dividend yield of 0.36%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Meta Platforms does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Meta Platforms is 9.42%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Meta Platforms will have a dividend payout ratio of 7.97% next year. This indicates that Meta Platforms will be able to sustain or increase its dividend.

  • Read more about Meta Platforms' dividend.
  • Percentage of Shares Shorted

    1.43% of the float of Meta Platforms has been sold short.
  • Short Interest Ratio / Days to Cover

    Meta Platforms has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Meta Platforms has recently decreased by 3.70%, indicating that investor sentiment is improving.
  • News Sentiment

    Meta Platforms has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.43 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 142 news articles for Meta Platforms this week, compared to 67 articles on an average week.
  • Search Interest

    375 people have searched for META on MarketBeat in the last 30 days. This is an increase of 18% compared to the previous 30 days.
  • MarketBeat Follows

    Only 484 people have added Meta Platforms to their MarketBeat watchlist in the last 30 days. This is a decrease of -6% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Meta Platforms insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $129,807,565.00 in company stock.

  • Percentage Held by Insiders

    13.71% of the stock of Meta Platforms is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    79.91% of the stock of Meta Platforms is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Meta Platforms' insider trading history.
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META Stock News Headlines

14-year-old Henry, right, and Angel, 15, use their phones to view social media in Sydney, Friday, N…
Australian states back national plan to ban children younger than 16 from social media
Australia’s states and territories have unanimously backed a world-first national plan to ban children younger than 16 from most forms of social media
Election warning coming true…
If you missed it, my emergency election broadcast is now available - watch it before it's too late.
Australian Prime Minister Anthony Albanese discusses legislation that would male 16 years as a mini…
When should kids start using social media? Australia's government proposes age limit of 16
The Australian government has announced what it describes as world-leading legislation that would set 16 years as the minimum age for children to use social media and hold platforms responsible for ensuring compliance
Republican presidential nominee former President Donald Trump arrives at an election night watch pa…
Trump Media suffers $19.2 million Election Day loss and shares surge higher
The parent company of Donald Trump’s social networking site Truth Social lost $19.2 million in the last quarter, according to an earnings report released on the same day he won back the presidency
See More Headlines

META Stock Analysis - Frequently Asked Questions

Meta Platforms' stock was trading at $353.96 at the beginning of 2024. Since then, META shares have increased by 66.5% and is now trading at $589.34.
View the best growth stocks for 2024 here
.

Meta Platforms, Inc. (NASDAQ:META) announced its earnings results on Wednesday, October, 30th. The social networking company reported $6.03 EPS for the quarter, topping the consensus estimate of $5.19 by $0.84. The social networking company had revenue of $40.59 billion for the quarter, compared to analyst estimates of $40.21 billion. Meta Platforms had a trailing twelve-month return on equity of 35.60% and a net margin of 35.55%.

Meta Platforms subsidiaries include these companies: Kustomer, Lemnis Technologies, Mapillary, GIPHY, Sanzaru Games Inc, Scape Technologies, Packagd, and others.

Top institutional shareholders of Meta Platforms include Jennison Associates LLC (0.57%), International Assets Investment Management LLC (0.38%), Swiss National Bank (0.26%) and Baillie Gifford & Co. (0.24%). Insiders that own company stock include Sheryl Sandberg, Mark Zuckerberg, Mark Zuckerberg, Christopher K Cox, Jennifer Newstead, David M Wehner, David M Wehner, Andrew Bosworth, Javier Olivan, Nicholas Clegg, Peggy Alford, Marne L Levine, Susan JS Taylor and Susan J Li.
View institutional ownership trends
.

Shares of META stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Meta Platforms investors own include NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), Broadcom (AVGO), Alibaba Group (BABA), Netflix (NFLX) and Salesforce (CRM).

Company Calendar

Ex-Dividend for 9/26 Dividend
9/16/2024
Dividend Payable
9/26/2024
Last Earnings
10/30/2024
Today
11/08/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/06/2025

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
Internet Software & Services
Current Symbol
NASDAQ:META
CUSIP
30303M10
Fax
N/A
Employees
67,317
Year Founded
2004

Price Target and Rating

Average Stock Price Target
$634.10
High Stock Price Target
$811.00
Low Stock Price Target
$360.00
Potential Upside/Downside
+7.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
43 Analysts

Profitability

Net Income
$39.10 billion
Pretax Margin
40.91%

Debt

Sales & Book Value

Annual Sales
$134.90 billion
Cash Flow
$20.73 per share
Book Value
$65.04 per share

Miscellaneous

Outstanding Shares
2,529,820,000
Free Float
2,182,979,000
Market Cap
$1.49 trillion
Optionable
Optionable
Beta
1.22

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This page (NASDAQ:META) was last updated on 11/8/2024 by MarketBeat.com Staff
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