Unusual Options Activity Detected for Meta Platforms on November 20, 2023
In recent options activity, it appears that wealthy investors have taken a bearish stance on Meta Platforms. Analyzing the options history for Meta Platforms (NASDAQ:META), it is evident that 42% of investors opened trades with bullish expectations, while 57% opened trades with bearish expectations. The total amount invested in puts was $140,450, while calls accounted for $593,740. These significant players have been closely monitoring a price range of $30.0 to $380.0 for Meta Platforms over the past quarter.
Projected Price Movements
Based on the options activity, it is clear that the big players have their eyes on a price range of $30.0 to $380.0 for Meta Platforms in the past quarter.
Trends in Volume and Open Interest
Analyzing the volume and open interest can provide valuable insights when conducting due diligence on a stock. This data allows us to track the liquidity and interest in Meta Platforms’ options for specific strike prices. By examining the volume and open interest of calls and puts within the strike price range of $30.0 to $380.0 over the last 30 days, we can gain further insights into Meta Platforms’ whale activity.
Noteworthy Options Trades
Over the past 30 days, the most significant options trades for Meta Platforms included both call and put trades with varying sentiments, expiration dates, strike prices, total trade prices, open interest, and volume.
For more comprehensive information, please refer to the Nasdaq option chain and Yahoo Finance options chain for Meta Platforms.
This information is invaluable for investors and traders looking to analyze and trade options, aiding in strategy development, risk management, and decision-making.
Meta Platforms, Inc.
Updated on: 29/11/2023
Debt to equity ratio: Neutral
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
1:00 AM (UTC)
Date:30 November, 2023
|Analyst / firm||Rating|
META Stock Performance on November 20, 2023: Impressive Earnings Growth and Positive Outlook
META Stock Performance on November 20, 2023:
Starting with the basics, META’s previous close was recorded at $335.05. The stock opened slightly lower at $334.70. Throughout the day, its trading range fluctuated between $334.20 and $341.83. The total volume of shares traded was 805,505, which is significantly lower than the average volume of 21,474,277 over the past three months.
META’s market capitalization stood at a staggering $858.8 billion. Despite the challenges faced by the company, its earnings growth for this year has been impressive, with a positive growth rate of +40.43%. This indicates that META has managed to overcome the setbacks of the previous year, where it experienced a decline in earnings growth by -38.26%.
Looking ahead, analysts are optimistic about META’s future prospects. The projected earnings growth for the next five years is +20.88%.
However, it is important to note that META’s revenue growth for the previous year was -1.12%. This indicates that the company faced some challenges in generating revenue. Nonetheless, the company’s net profit margin stands at a healthy 19.90%, indicating that it is efficiently managing its costs and generating profits.
In terms of valuation, META’s P/E ratio is 30.0. The price/sales ratio stands at 2.79, and the price/book ratio is 6.95.
Analyzing the broader market, other technology companies also experienced positive stock performance on November 20, 2023. Google (GOOGL) saw a modest increase of 0.62%, while its parent company, Alphabet (GOOG), experienced a similar uptick of 0.69%. NetEase Inc (NTES) and Thomson Reuters (TRI) also witnessed positive stock movements, with gains of 1.31% and 1.32% respectively.
Looking ahead, investors can anticipate META’s next reporting date on January 31, 2024. Analysts are forecasting an EPS (earnings per share) of $4.10 for the upcoming quarter. Additionally, META’s annual revenue for the previous year was $116.6 billion, with a net profit of $23.2 billion.
META operates in the technology services sector, specifically within the internet software/services industry. Its corporate headquarters are located in Menlo Park, California.
In conclusion, META’s stock performance on November 20, 2023, was characterized by a mixed trading day. Despite facing challenges in revenue growth, the company managed to achieve impressive earnings growth this year. With a positive outlook for the next five years and a strong net profit margin, META continues to be a prominent player in the technology industry. Investors will be eagerly awaiting the company’s next reporting date to gain further insights into its financial performance.
Meta Platforms Inc: Analysts Project Potential Increase in Stock Price
Meta Platforms Inc, formerly known as Facebook, has been a popular stock among investors. According to data from CNN Money, the 51 analysts offering 12-month price forecasts for Meta Platforms Inc have a median target of $380.00, with a high estimate of $477.00 and a low estimate of $175.00. The median estimate of $380.00 represents an 11.87% increase from the last price of $339.67. A consensus among 60 polled investment analysts indicates a buy rating for Meta Platforms Inc, which has remained steady since November. Meta Platforms Inc reported earnings per share of $4.10 for the current quarter, along with sales of $36.5 billion. These figures demonstrate the company’s strong financial position. The reporting date for these results is set for January 31. Overall, Meta Platforms Inc appears to be a promising investment option, with analysts projecting a potential increase in its stock price. However, investors should conduct their own research and consider their individual investment goals and risk tolerance.