Meta Platforms Inc Class A (META)
Forget Nvidia: Consider These 2 Millionaire-Maker Stocks to Buy Instead
Meta Platforms is delivering stronger growth this year thanks to AI, a trend that's likely to continue as it captures a bigger share of digital advertising. Oracle's cloud business is accelerating and helping the company create a robust long-term revenue pipeline.
Wall Street predicts Meta stock price for next 12 months
Although Meta (NASDAQ: META) stocks seem to be consolidating their price gains from previous months, the technology behemoth's efforts in the field of artificial intelligence (AI) look promising, and analysts are highly optimistic regarding the price of META shares in the next 12 months.
Wall Street predicts Meta stock price for next 12 months
Although Meta (NASDAQ: META) stocks seem to be consolidating their price gains from previous months, the technology behemoth's efforts in the field of artificial intelligence (AI) look promising, and analysts are highly optimistic regarding the price of META shares in the next 12 months.
Meta Stock's AI Gamble: Will Zuckerberg's Billion-Dollar Bet Pay Off or Bust?
Since OpenAI's ChatGPT launched the artificial intelligence (AI) era on November 30, 2022, Meta Platforms (NASDAQ: META ) has been among the hottest AI stocks not named Nvidia (NASDAQ: NVDA ). Shares that were under $100 back then were trading at $472 on May 20.
Mark Zuckerberg Forms Advisory Council to Inform Meta's AI Efforts
Meta CEO Mark Zuckerberg has created a product advisory council to provide guidance on the company's artificial intelligence (AI) and technology efforts. The new Meta Advisory Group will meet periodically with Meta's management team, Bloomberg reported Wednesday (May 22).
Mark Zuckerberg Forms Advisory Council to Inform Meta's AI Efforts
Meta CEO Mark Zuckerberg has created a product advisory council to provide guidance on the company's artificial intelligence (AI) and technology efforts. The new Meta Advisory Group will meet periodically with Meta's management team, Bloomberg reported Wednesday (May 22).
Meta deleted Facebook account of Slovak PM's shooter after attack
Meta Platforms' Facebook removed the account of the suspected shooter of Slovak Prime Minister Robert Fico after the attack, the company and a state agency said on Tuesday, as the government continues to probe whether the attacker had help.
Meta supreme court weighs posts calling ethnic groups criminals
An independent board considered a top court for Meta content moderation said Tuesday it is taking on the issue of whether accusing entire nationalities of crimes violates hate speech rules.
Meta's Oversight Board takes its first Threads case
Meta's Oversight Board has now extended its scope to include the company's newest platform, Instagram Threads. Designed as an independent appeals board that hears cases and then makes precedent-setting content moderation decisions, the board to date has decided on cases like Facebook's ban of Donald Trump, Covid-19 misinformation, the removal of breast cancer photos, and more.
Insider Selling: Meta Platforms, Inc. (NASDAQ:META) CAO Sells $16,616.25 in Stock
Meta Platforms, Inc. (NASDAQ:META – Get Free Report) CAO Aaron Anderson sold 35 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $474.75, for a total transaction of $16,616.25. Following the sale, the chief accounting officer now owns 3,080 shares of the company’s stock, valued at $1,462,230. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Meta Platforms Price Performance NASDAQ META opened at $471.91 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.68. The company has a market capitalization of $1.20 trillion, a price-to-earnings ratio of 27.11, a PEG ratio of 1.22 and a beta of 1.21. The stock has a 50-day moving average of $486.26 and a 200 day moving average of $421.38. Meta Platforms, Inc. has a one year low of $241.19 and a one year high of $531.49. Meta Platforms (NASDAQ:META – Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. The firm had revenue of $36.46 billion during the quarter, compared to analyst estimates of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. On average, sell-side analysts forecast that Meta Platforms, Inc. will post 20.18 EPS for the current year. Analyst Upgrades and Downgrades Several equities analysts have recently commented on META shares. BMO Capital Markets upped their price objective on shares of Meta Platforms from $397.00 to $450.00 and gave the company a “market perform” rating in a research note on Friday, February 2nd. Truist Financial lowered their price target on Meta Platforms from $550.00 to $535.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. TD Cowen cut their price objective on Meta Platforms from $590.00 to $530.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Piper Sandler restated an “overweight” rating and set a $545.00 target price (down previously from $600.00) on shares of Meta Platforms in a report on Thursday, April 25th. Finally, Citigroup cut their price target on shares of Meta Platforms from $590.00 to $550.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $509.80. View Our Latest Analysis on Meta Platforms Institutional Investors Weigh In On Meta Platforms A number of hedge funds have recently added to or reduced their stakes in META. Vanguard Group Inc. boosted its stake in shares of Meta Platforms by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 187,180,393 shares of the social networking company’s stock worth $90,891,055,000 after acquiring an additional 831,047 shares during the last quarter. FMR LLC grew its holdings in Meta Platforms by 4.0% during the third quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock valued at $39,270,443,000 after purchasing an additional 5,001,647 shares during the period. Capital World Investors increased its position in Meta Platforms by 0.6% in the first quarter. Capital World Investors now owns 38,299,316 shares of the social networking company’s stock worth $18,597,382,000 after buying an additional 244,803 shares in the last quarter. Morgan Stanley raised its stake in shares of Meta Platforms by 3.4% in the third quarter. Morgan Stanley now owns 36,277,772 shares of the social networking company’s stock worth $10,890,950,000 after buying an additional 1,184,978 shares during the period. Finally, Capital International Investors lifted its position in shares of Meta Platforms by 3.2% during the 4th quarter. Capital International Investors now owns 34,738,470 shares of the social networking company’s stock valued at $12,296,383,000 after buying an additional 1,083,719 shares in the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors. Meta Platforms Company Profile (Get Free Report) 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. Read More Five stocks we like better than Meta Platforms Investing in Commodities: What Are They? How to Invest in Them Canada Goose Flies Higher Driven By DTC Growth What is MarketRank? How to Use it CVS Health Stock Has a Silver Lining Called Value Are Penny Stocks a Good Fit for Your Portfolio? Magnificent 7 Still Magnificent as the Halfway Mark Approaches?
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Meta Platforms Spent $6.7 Billion on Artificial Intelligence (AI) Data Centers Last Quarter, but It Spent Twice as Much on This 1 Thing
Meta's ramping up its already massive AI spending to become "the leading AI company in the world." Meanwhile, the rest of the business is running as efficiently as possible.
