META Shares Rise Despite Blow From European Courts

By Susan Ramirez • Wednesday, January 04 12:01 • Permanent Link

As reported by Wall Street Journal: "European regulators ruled the Facebook and Instagram parent can't use its contracts with users to justify sending them ads based on their online activity, a blow to the digital-advertising industry." You can read more about it here. Nonetheless, Meta Platforms rose 2.7% during the afternoon session to $128.1 per share.

Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. The company belongs to the Communication Services sector, which has an average price to earnings (P/E) ratio of 18.65 and an average price to book (P/B) ratio of 2.62. In contrast, Meta Platforms has a trailing 12 month P/E ratio of 12.2 and a P/B ratio of 2.8.

Meta Platforms has moved -61.5% over the last year compared to -18.6% for the S&P 500 -- a difference of -42.9%. Meta Platforms has a 52 week high of $339.17 and a 52 week low of $88.09. At today's price of $128.1 per share, Meta Platforms is -15.77% away from its target price of $152.09, and on average, analysts give the stock a rating of buy. 1.5% of the company's shares are linked to short positions, and 76.2% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.