After this afternoon's 2.8% surge to $294.12 per share, Meta Platforms might just keep moving past its target price of $284.04. With an average analyst rating of buy, and target prices from $100.0 to $365.0, the stock's next move is anyone's guess.
The stock has a very low short interest at 1.3%, and a short ratio of 1.31. The company's insiders own 0.23% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 76.2% of Meta Platforms's shares being owned by this investor type.
Institutions Invested in Meta Platforms
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group, Inc. (The) | 8% | 180,907,553 | $53,207,623,183 |
| 2023-03-31 | Blackrock Inc. | 7% | 152,934,920 | $44,980,452,502 |
| 2023-03-31 | FMR, LLC | 6% | 122,110,146 | $35,914,424,398 |
| 2023-03-31 | State Street Corporation | 4% | 86,994,282 | $25,586,322,400 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 43,938,344 | $12,922,925,616 |
| 2023-03-31 | Price (T.Rowe) Associates Inc | 2% | 41,803,774 | $12,295,116,581 |
| 2023-03-31 | Capital International Investors | 2% | 37,890,700 | $11,144,222,860 |
| 2023-03-31 | Capital World Investors | 2% | 35,486,247 | $10,437,037,189 |
| 2022-12-31 | Norges Bank Investment Management | 2% | 35,093,468 | $10,321,514,998 |
| 2023-03-31 | Morgan Stanley | 1% | 32,894,736 | $9,674,834,957 |
Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on Meta Platforms.
