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
|2023-03-31||Vanguard Group, Inc. (The)||8%||180,907,553||$53,207,623,183|
|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|
Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on Meta Platforms.