- Previous Close
488.69 - Open
472.18 - Bid 461.23 x 100
- Ask 461.48 x 100
- Day's Range
460.58 - 476.30 - 52 Week Range
274.38 - 542.81 - Volume
17,253,722 - Avg. Volume
14,619,137 - Market Cap (intraday)
1.17T - Beta (5Y Monthly) 1.21
- PE Ratio (TTM)
26.51 - EPS (TTM)
17.40 - Earnings Date Jul 31, 2024
- Forward Dividend & Yield 2.00 (0.41%)
- Ex-Dividend Date Jun 14, 2024
- 1y Target Est
530.03
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 messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising consumer hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. The company was incorporated in 2004 and is headquartered in Menlo Park, California
investor.fb.com69,329
Full Time Employees
December 31
Fiscal Year Ends
Sector
Internet Content & Information
Industry
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Performance Overview: META
Trailing total returns as of 7/24/2024, which may include dividends or other distributions. Benchmark is
.YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: META
View MoreValuation Measures
Market Cap
1.24T
Enterprise Value
1.22T
Trailing P/E
28.12
Forward P/E
24.75
PEG Ratio (5yr expected)
1.16
Price/Sales (ttm)
9.03
Price/Book (mrq)
8.29
Enterprise Value/Revenue
8.54
Enterprise Value/EBITDA
18.24
Financial Highlights
Profitability and Income Statement
Profit Margin
32.06%
Return on Assets (ttm)
17.31%
Return on Equity (ttm)
33.36%
Revenue (ttm)
142.71B
Net Income Avi to Common (ttm)
45.76B
Diluted EPS (ttm)
17.40
Balance Sheet and Cash Flow
Total Cash (mrq)
58.12B
Total Debt/Equity (mrq)
25.17%
Levered Free Cash Flow (ttm)
35.13B
Research Analysis: META
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Research Reports: META
View MoreOne more regulatory headache
Meta Platforms operates the world's largest family of social networking websites, including the flagship Facebook site, Instagram, Facebook Messenger, WhatsApp, Reels and Threads. The sites enable users to communicate with friends and family by posting to the site; commenting on others' posts; sharing photographs, website links, and videos; and messaging and playing games. The company also partners with application developers to add functionality to the sites, and allows users to pay for virtual goods and services through its Payments function. Meta derives about 55% of its revenue from outside the U.S. and Canada. Facebook/Meta went public on May 18, 2012. Meta Platforms changed its ticker from FB to META on June 9, 2022.
RatingPrice TargetStocks fell on Thursday as investors continued rotating out of tech
Stocks fell on Thursday as investors continued rotating out of tech stocks and also to take profits on recent run-ups. The S&P 500 lost 0.8%, the Dow was down 1.3% and the Nasdaq fell 0.7%. Oil also turned down and is trading just above $82 per barrel.
Meta Earnings: Another Potential Investment Surge Overshadows Solid Growth
Meta is the world’s largest online social network, with nearly 4 billion family of apps monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos. The firm’s ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. Users can access Facebook on mobile devices and desktops. Advertising revenue represents more than 90% of the firm’s total revenue, with more than 45% coming from the US and Canada and over 20% from Europe.
RatingPrice TargetArgus Quick Note: Weekly Stock List for 05/06/2024: Innovative Companies
Innovation may be hard to define but, to borrow from former U.S. Supreme Court Justice Potter Stewart, you know it when you see it. The United States economy is full of innovation. It has to be. Manufacturing industries that dominated the economy decades ago - textiles, televisions, even automobiles, to a large degree - have moved overseas, where costs are lower. Yet the U.S. economy is at its largest point in history and still growing. If U.S. corporations weren't innovating, creating new products and services, and moving into new markets and applications, the domestic economy would be contracting, not expanding, and capital would not be flooding into the country. Particularly at this juncture of the market and economic cycles, when uncertainty is high due to high inflation and rising interest rates, we look to innovative companies to navigate the challenges. At Argus, a 90-year-old independent research firm that has innovated a time or two in its long history, we have focused on four types of innovative companies: Industry Disruptors; First to Market; New Product Specialists; and Product & Process Perfectors. Here are some examples of companies, featured in our Innovation Theme Model Portfolio.