META stock icon

Meta Platforms (Facebook)
META

$494.78
1.4%
 

About: 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.

Employees: 69,329

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 70 analysts
0
News positive %
of 233 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

130% more first-time investments, than exits

New positions opened: 386 | Existing positions closed: 168

34% more capital invested

Capital invested by funds: $594B [Q4 2023] → $795B (+$201B) [Q1 2024]

26% more funds holding in top 10

Funds holding in top 10: 708 [Q4 2023] → 892 (+184) [Q1 2024]

21% more call options, than puts

Call options by funds: $52.3B | Put options by funds: $43.1B

6% more funds holding

Funds holding: 3,651 [Q4 2023] → 3,869 (+218) [Q1 2024]

2% less repeat investments, than reductions

Existing positions increased: 1,560 | Existing positions reduced: 1,592

1.5% less ownership

Funds ownership: 76.1% [Q4 2023] → 74.6% (-1.5%) [Q1 2024]

Research analyst outlook

70 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$360
27%
downside
Avg. target
$523
6%
upside
High target
$610
23%
upside

70 analyst ratings

67 positive
96%
neutral
3%
negative
1%
Keybanc
Justin Patterson
9%upside
$540
Overweight
Maintained
20 Jun 2024
BMO Capital
Brian Pitz
9%downside
$450
Market Perform
Reiterated
12 Jun 2024
Raymond James
Josh Beck
11%upside
$550
Strong Buy
Maintained
5 Jun 2024
Exane BNP Paribas
Stefan Slowinski
27%downside
$360
Underperform
Initiated
2 May 2024
Loop Capital
Rob Sanderson
11%upside
$550
Buy
Maintained
1 May 2024

Financial journalist opinion

Based on 233 articles about META published over the past 30 days