Can Market Sentiment Sustain META's Price Surge Today?

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.

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.