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Meta Platforms (META)
NASDAQ:META
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META Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$279.40 - $562.07
Previous Close$559.1
Volume22.07M
Average Volume (3M)13.91M
Market Cap
$1.41T
Enterprise Value$1.39T
Total Cash (Recent Filing)$58.08B
Total Debt (Recent Filing)$37.99B
Price to Earnings (P/E)28.5
Beta1.27
Next Earnings
Oct 23, 2024EPS Estimate
$5.19Last Dividend Ex-Date
Sep 16, 2024Dividend Yield0.18%
Share Statistics
EPS (TTM)19.59
Shares Outstanding2,529,816,753
10 Day Avg. Volume11,536,788
30 Day Avg. Volume13,911,711
Standard Deviation0.12
R-Squared0.28
Alpha0.00964
Financial Highlights & Ratios
Price to Book (P/B)9.02
Price to Sales (P/S)9.09
Price to Cash Flow (P/CF)17.60
P/FCF Ratio30.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue9.31
Enterprise Value/Gross Profit12.80
Enterprise Value/Ebitda20.62
Forecast
1Y Price Target
$584.82Price Target Upside4.18% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering45
Meta Platforms News
Bulls Say, Bears Say
Bulls Say
AI And Technology LeadershipMeta has skillfully positioned itself to be the Open Source leader for AI Foundation Compute and Spatial Compute.
Financial PerformanceTotal revenue increased by 22% YoY to US$39.1bn, 2% ahead of Bloomberg consensus estimate; net income grew by 73% YoY to US$13.5bn, beating consensus estimate by 10%, primarily due to effective control in headcount-related expenses.
Product InnovationMeta has a substantial lead in spatial computing with third generation Quest, Meta Ray-Bans, and a roadmap to carve special computing into multiple segments.
Bears Say
Capital ExpenditureQuarterly capex is increasing to ~$12 billion run-rate, with ~$50 billion in capex likely next year; this also means limited (if any) near-term GAAP margin expansion.
Competitive PressureMETA faces serious competitive pressure from TikTok and user activity shifting to TikTok will have a detrimental impact to META’s revenue.
Financial PerformanceMeta’s Reality Labs business continues to burn cash, with the segment delivering an operating loss of US$4.5bn.
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Ownership Overview
9.25% Insiders
27.34% Mutual Funds
40.55% Other Institutional Investors
22.86% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Meta Platforms
Desktop Users
Mobile Users
META FAQ
What was Meta Platforms’s price range in the past 12 months?
Meta Platforms lowest stock price was $279.40 and its highest was $562.07 in the past 12 months.
What is Meta Platforms’s market cap?
Currently, no data Available
When is Meta Platforms’s upcoming earnings report date?
Meta Platforms’s upcoming earnings report date is Oct 23, 2024 which is in 32 days.
How were Meta Platforms’s earnings last quarter?
Meta Platforms released its earnings results on Jul 31, 2024. The company reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.717 by $0.443.
Is Meta Platforms overvalued?
According to Wall Street analysts Meta Platforms’s price is currently Undervalued.
Does Meta Platforms pay dividends?
Meta Platforms pays a Notavailable dividend of $0.5 which represents an annual dividend yield of 0.18%. See more information on Meta Platforms dividends here
What is Meta Platforms’s EPS estimate?
Meta Platforms’s EPS estimate is $5.19.
How many shares outstanding does Meta Platforms have?
Meta Platforms has 2,184,728,800 shares outstanding.
What happened to Meta Platforms’s price movement after its last earnings report?
Meta Platforms reported an EPS of $5.16 in its last earnings report, beating expectations of $4.717. Following the earnings report the stock price went up 4.823%.
Which hedge fund is a major shareholder of Meta Platforms?
Among the largest hedge funds holding Meta Platforms’s share is Tiger Global Management LLC. It holds Meta Platforms’s shares valued at 4B.
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Meta Platforms Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$584.82 (4.18% Upside)
$584.82 (4.18% Upside)
Blogger Sentiment
Bullish
META Sentiment 87%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 2.8M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $21.9M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days ▼ 0.6%
Last 30 Days ▲ 0.8%
Last 30 Days ▲ 0.8%
News Sentiment
Very Bullish
Bullish news 90%
Bearish news 10%
Bearish news 10%
Technicals
SMA
Positive
20 days / 200 days
Momentum
83.82%
12-Months-Change
Fundamentals
Return on Equity
35.37%
Trailing 12-Months
Asset Growth
11.39%
Trailing 12-Months
Company Description
Meta Platforms
Social networking company Facebook, Inc. develops applications that enable people to connect through mobile devices, personal computers, and other devices. The firm's products include Facebook, Instagram, Messenger, WhatsApp, and Oculus. Its revenue comes primarily from advertising. The company was founded by Mark Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004 and is headquartered in Menlo Park+D9, CA.
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META Company Deck
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META Earnings Call
Q2 2024
0:00 / 0:00
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META Revenue Breakdown
97.81% Advertising
1.41% Reality Labs
0.78% Other
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META Stock 12 Month Forecast
Average Price Target
$584.82
▲(4.18% Upside)
Technical Analysis
Best Analysts Covering META
1 Year
1 Year Success Rate
21/24 ratings generated profit
1 Year Average Return
+31.86%
reiterated a buy rating 2 months ago
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