Meta Platforms, Inc. (META)
Market Cap | 1.23T |
Revenue (ttm) | 134.90B |
Net Income (ttm) | 39.10B |
Shares Out | 2.55B |
EPS (ttm) | 14.87 |
PE Ratio | 33.42 |
Forward PE | 24.22 |
Dividend | $2.00 (0.40%) |
Ex-Dividend Date | Feb 21, 2024 |
Volume | 11,511,871 |
Open | 491.91 |
Previous Close | 484.10 |
Day's Range | 486.81 - 497.42 |
52-Week Range | 193.64 - 523.57 |
Beta | 1.21 |
Analysts | Strong Buy |
Price Target | 434.41 (-12.59%) |
Earnings Date | Apr 24, 2024 |
About META
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. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a mess... [Read more]
Financial Performance
In 2023, Meta Platforms's revenue was $134.90 billion, an increase of 15.69% compared to the previous year's $116.61 billion. Earnings were $39.10 billion, an increase of 68.53%.
Financial StatementsAnalyst Forecast
According to 43 analysts, the average rating for META stock is "Strong Buy." The 12-month stock price forecast is $434.41, which is a decrease of -12.59% from the latest price.
News
Meta Platforms' Competitive Edge With Reels & Quest VR
Meta Platforms (META) is growing quickly with its Reels platform as TikTok-style content continues to be preferred. Andy Swan says that the Quest VR gained popularity when Apple Vision Pro announcemen...
Meta is more of a content recommendation engine than a social media network: Wells Fargo's Gawrelsk
Ken Gawrelski, Wells Fargo Securities equity analyst and managing director, joins 'The Exchange' to discuss the competition between Meta and Google, what's driving Meta now, and more.
Can Biden Ask Facebook To Remove Misinformation? Supreme Court Case Being Heard Today Will Decide.
The Supreme Court will hear oral arguments Monday in a case that will determine to what extent the federal government can contact and exert pressure on social media companies, after two GOP-led states...
Turkey takes measure against Meta over Threads-Instagram data sharing
Turkey's competition authority said on Monday that it imposed an interim measure on Facebook parent Meta Platforms Inc meant to hinder data sharing between the company's Instagram and Threads platform...
Meta, Boeing, GE Vernova join US business delegation to Vietnam this week
A large U.S. business delegation, including Meta, Boeing and wind energy firm GE Vernova, is visiting Vietnam this week in a sign of continued corporate interest in the Southeast Asian nation after Wa...
Meta investigated over illicit drug sales: Report
US authorities are investigating Meta over its role in the illicit sale of medications, The Wall Street Journal reported Saturday.
Feds investigating Meta for possible role in illegal drug sales on Facebook, Instagram
During the COVID-19 pandemic, telehealth companies took advantage of Facebook and Instagram by running ads for prescription drugs, which maybe have contributed to the abuse of controlled substances.
AI talk is surging during company earnings calls — and so are those companies' shares
Company executives in the fourth quarter produced the second-highest amount of talk about artificial intelligence for any quarter in at least a decade, according to a tally from FactSet.
US investigating Meta for role in drug sales, WSJ reports
U.S. federal authorities are investigating Meta Platforms for its role in the illicit sale of drugs, the Wall Street Journal newspaper reported on Saturday citing documents and people familiar with th...
Meta wins court order overturning ruling to stop using name in Brazil
Facebook-parent Meta on Friday won a Brazilian court order overturning a previous ruling that barred it from using the name in the South American country, due to confusion with another company.
Meta has the best real-world use case for AI at the moment: Manager
Nick Griffin of Munro Partners says social media will be a key beneficiary of the ongoing AI "arms race".
Trade Tracker: Jenny Harrington sells Toyota and Brenda Vingiello trims Nvidia and Meta
Jenny Harrington and Brenda Vingiello join "Halftime Report" to go over their most recent portfolio moves.
UNITE HERE: Contracted Food Service Workers at Meta Struggle to Afford Housing and Food Despite Meta's Surging Profits
MENLO PARK, Calif.--(BUSINESS WIRE)---- $META--According to a UNITE HERE report, contracted food service workers working in Meta cafeterias struggle to afford basic expenses like rent and food.
W4 Games and Meta Team Up to Expand Open-Source Godot Ecosystem on Meta Quest
DUBLIN & SAN FRANCISCO--(BUSINESS WIRE)--W4 Games announced that it is collaborating with Meta to significantly improve the game developer experience with Godot on the Meta Quest Platform.
For Gen Z, Facebook Is a Marketplace
For a generation that loves thrift-shopping, Facebook isn't a place to socialize online — it's the best place to score some deals.
TikTok ban a 'measurable opportunity for Meta,' says Deepwater's Gene Munster
Gene Munster, Deepwater Asset Management, joins 'Fast Money' to discuss the repercussions and opportunities of a TikTok ban in the U.S.
FTC can reopen Meta privacy case despite $5 billion fine, court rules
Meta cannot stop the U.S. Federal Trade Commission from reopening a probe into its Facebook unit's privacy practices for now, a U.S. appeals court ruled, despite Meta's objections that it already paid...
3 AI Stocks Everyone's Missed
AI stocks are booming—but they're an absolute “dividend desert” for us contrarian income-seekers.
Nvidia Stock Rises. Its Chips Are Powering Meta's New AI Model.
Nvidia was rising early on Wednesday. The chip maker's hardware is powering the training of Meta Platforms' next artificial-intelligence model.
GenSight Biologics Announces Initial Results from New Meta-Analyses on Visual Outcomes with LUMEVOQ® Gene Therapy at NANOS 2024
PARIS--(BUSINESS WIRE)--Regulatory News: GenSight Biologics (Euronext: SIGHT, ISIN: FR0013183985, PEA-PME eligible), a biopharma company focused on developing and commercializing innovative gene thera...
Meta Shares Plummet: Worst Day In Eight Months
Shares of Facebook and Instagram parent company Meta tanked on Monday, suffering their worst day on Wall Street in nearly eight months on the heels of former President Donald Trump's scathing review o...
Three-Stock Lunch: Meta, EQT & Valmont industries
Michael Farr, Hightower Advisors chief investment strategist, joins 'Power Lunch' to discuss stock plays for three stocks, including Meta, EQT and Valmont industries.
Instagram surpasses TikTok in number of app downloads in 2023: report
Instagram dethroned TikTok as the app with the most downloads in 2023 as the China-owned video app faces scrutiny from US regulators, with some lawmakers warning it poses a security threat. Instagram'...
Meta Platforms (META) Pulls Back from 52-Week High
Meta Platforms (META) pulls back from its 52-week high. Alex Coffey and Jenny Horne discuss this as Meta's stock is up over 170% year-over-year and up 37% year-to-date.