Meta Platforms shares rose 1.8% this afternoon to a price of $350.74. The stock is still trading within range of its average target price of $342.19, and over the last 52 weeks, it has recorded a 194.3% performance. Analysts have given the large-cap Software stock target prices ranging from $160.62 to $399.26 dollars per share, with an average rating of buy.
Meta Platforms's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.3%. The stock's short ratio is 1.74. The company's insiders own 0.23% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 78.2%. In conclusion, we believe there is mixed market sentiment regarding Meta Platforms.
Institutions Invested in Meta Platforms
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 8% | 183,244,796 | $64,271,277,959 |
| 2023-09-30 | Blackrock Inc. | 7% | 155,965,211 | $54,703,236,583 |
| 2023-09-30 | FMR, LLC | 6% | 130,809,908 | $45,880,265,854 |
| 2023-09-30 | State Street Corporation | 4% | 86,053,863 | $30,182,531,068 |
| 2023-09-30 | Price (T.Rowe) Associates Inc | 2% | 48,579,042 | $17,038,612,716 |
| 2023-09-30 | JP Morgan Chase & Company | 2% | 48,392,175 | $16,973,070,986 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 45,197,719 | $15,852,647,520 |
| 2023-09-30 | Capital World Investors | 2% | 37,127,022 | $13,021,931,333 |
| 2023-09-30 | Morgan Stanley | 2% | 36,277,772 | $12,724,065,397 |
| 2022-12-31 | Norges Bank Investment Management | 2% | 35,093,468 | $12,308,682,623 |
