Meta Platforms (Facebook) (META)

• Market cap: $1.53T
• 1 day: 1.32%
• 5 days: -2.13%
• 1 month: 7.55%
• 3 months: 7.89%
• 6 months: 21.82%
• Year to date: 75.50%
• 1 year: 71.28%
• 5 years: 196.29%
• 10 years: 652.45%
• 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)

57% more first-time investments, than exits

New positions opened: 256 | Existing positions closed: 163

25% more repeat investments, than reductions

Existing positions increased: 1,893 | Existing positions reduced: 1,516

24% more call options, than puts

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

9% more funds holding in top 10

Funds holding in top 10: 873 [Q2] → 952 (+79) [Q3]

9% more capital invested

Capital invested by funds: $859B [Q2] → $934B (+$75B) [Q3]

2% more funds holding

Funds holding: 4,013 [Q2] → 4,106 (+93) [Q3]

2.3% less ownership

Funds ownership: 77.65% [Q2] → 75.35% (-2.3%) [Q3]

Research analyst outlook

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

• Low target: $530 13% downside
• Avg. target: $666 10% upside
• High target: $811 33% upside

29 analyst ratings

• positive: 27 93%
• neutral: 2 7%
• negative: 0 0%

JP Morgan Doug Anmuth 79% 1-year accuracy 33 / 42 met price target	19% upside $725	Overweight Maintained	18 Dec 2024
Truist Securities Youssef Squali 55% 1-year accuracy 44 / 80 met price target	15% upside $700	Buy Maintained	17 Dec 2024
Piper Sandler Thomas Champion 68% 1-year accuracy 32 / 47 met price target	10% upside $670	Overweight Maintained	10 Dec 2024
Raymond James Josh Beck 83% 1-year accuracy 20 / 24 met price target	11% upside $675	Strong Buy Reiterated	25 Nov 2024
Wells Fargo Ken Gawrelski 58% 1-year accuracy 26 / 45 met price target	5% upside $641	Overweight Maintained	1 Nov 2024