Meta Platforms (Facebook) (META)

• Market cap: $1.4T
• 1 day: -4.00%
• 5 days: -5.51%
• 1 month: -5.49%
• 3 months: 3.12%
• 6 months: 15.06%
• Year to date: 60.00%
• 1 year: 66.54%
• 5 years: 184.00%
• 10 years: 646.34%
• Sector: Information Technology
• Industry: Computer Programming, Data Processing, Etc.

About: Meta is the largest social media company in the world, boasting close to 4 billion monthly active users worldwide. The firm's "Family of Apps," its core business, consists of Facebook, Instagram, Messenger, and WhatsApp. End users can leverage these applications for a variety of different purposes, from keeping in touch with friends to following celebrities and running digital businesses for free. Meta packages customer data, gleaned from its application ecosystem and sells ads to digital advertisers. While the firm has been investing heavily in its Reality Labs business, it remains a very small part of Meta's overall sales.

Employees: 72,404

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

25% more repeat investments, than reductions

Existing positions increased: 1,853 | Existing positions reduced: 1,487

24% more call options, than puts

Call options by funds: $52.9B | Put options by funds: $42.7B

12% more first-time investments, than exits

New positions opened: 251 | Existing positions closed: 225

9% more capital invested

Capital invested by funds: $858B [Q2] → $932B (+$73.9B) [Q3]

8% more funds holding in top 10

Funds holding in top 10: 870 [Q2] → 937 (+67) [Q3]

1% more funds holding

Funds holding: 4,002 [Q2] → 4,028 (+26) [Q3]

2.35% less ownership

Funds ownership: 77.63% [Q2] → 75.28% (-2.35%) [Q3]

Research analyst outlook

47 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $525 5% downside
• Avg. target: $654 18% upside
• High target: $811 46% upside

47 analyst ratings

• positive: 43 91%
• neutral: 4 9%
• negative: 0 0%

Wells Fargo Ken Gawrelski 65% 1-year accuracy 31 / 48 met price target	16% upside $641	Overweight Maintained	1 Nov 2024
Citigroup Ronald Josey 76% 1-year accuracy 35 / 46 met price target	27% upside $705	Buy Maintained	31 Oct 2024
UBS Lloyd Walmsley 76% 1-year accuracy 13 / 17 met price target	30% upside $719	Buy Maintained	31 Oct 2024
Seaport Global Aaron Kessler 71% 1-year accuracy 5 / 7 met price target	22% upside $675	Buy Maintained	31 Oct 2024
JMP Securities Andrew Boone 77% 1-year accuracy 67 / 87 met price target	19% upside $660	Market Outperform Maintained	31 Oct 2024