Fintel reports that on October 11, 2024, Scotiabank initiated coverage of Meta Platforms (XTRA:FB2A) with a Sector Perform recommendation.
Analyst Price Forecast Suggests 2.44% Downside
As of September 25, 2024, the average one-year price target for Meta Platforms is 522,43 €/share. The forecasts range from a low of 236,77 € to a high of 624,84 €. The average price target represents a decrease of 2.44% from its latest reported closing price of 535,50 € / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Meta Platforms is 139,098MM, a decrease of 7.13%. The projected annual non-GAAP EPS is 11.74.
What is the Fund Sentiment?
There are 6,002 funds or institutions reporting positions in Meta Platforms. This is an increase of 91 owner(s) or 1.54% in the last quarter. Average portfolio weight of all funds dedicated to FB2A is 1.73%, an increase of 2.47%. Total shares owned by institutions increased in the last three months by 3.45% to 1,933,250K shares.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 69,230K shares representing 3.17% ownership of the company. In its prior filing, the firm reported owning 69,157K shares , representing an increase of 0.11%. The firm increased its portfolio allocation in FB2A by 1.08% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 56,245K shares representing 2.57% ownership of the company. In its prior filing, the firm reported owning 55,443K shares , representing an increase of 1.43%. The firm decreased its portfolio allocation in FB2A by 0.28% over the last quarter.
Jpmorgan Chase holds 52,228K shares representing 2.39% ownership of the company. In its prior filing, the firm reported owning 50,183K shares , representing an increase of 3.92%. The firm increased its portfolio allocation in FB2A by 4.95% over the last quarter.
Geode Capital Management holds 47,462K shares representing 2.17% ownership of the company. In its prior filing, the firm reported owning 46,413K shares , representing an increase of 2.21%. The firm increased its portfolio allocation in FB2A by 0.73% over the last quarter.
Price T Rowe Associates holds 41,709K shares representing 1.91% ownership of the company. In its prior filing, the firm reported owning 43,118K shares , representing a decrease of 3.38%. The firm decreased its portfolio allocation in FB2A by 1.94% over the last quarter.
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