Large-cap Technology company Meta Platforms has logged a -1.7% change today on a trading volume of 38,778,369. The average volume for the stock is 12,557,128.
Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. Based in Menlo Park, United States the company has 72,404 full time employees and a market cap of $1,477,457,739,776. Meta Platforms currently offers its equity investors a dividend that yields 0.3% per year.
The company is now trading -10.36% away from its average analyst target price of $652.91 per share. The 61 analysts following the stock have set target prices ranging from $475.0 to $811.0, and on average give Meta Platforms a rating of buy.
Over the last 52 weeks, META stock has risen 64.9%, which amounts to a 40.7% difference compared to the S&P 500. The stock's 52 week high is $638.4 whereas its 52 week low is $340.01 per share. With its net margins declining an average -5.2% over the last 6 years, Meta Platforms may not have a strong enough profitability trend to support its stock price.
| Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 134,902,000 | 39,098,000 | 28 | 40.0 |
| 2022 | 116,609,000 | 23,200,000 | 20 | -39.39 |
| 2021 | 117,929,000 | 39,370,000 | 33 | -2.94 |
| 2020 | 85,965,000 | 29,146,000 | 34 | 30.77 |
| 2019 | 70,697,000 | 18,485,000 | 26 | -35.0 |
| 2018 | 55,838,000 | 22,112,000 | 40 |
