Meta Platforms (META)

Facebook's mission is to give people the power to build community and bring the world closer together. The company builds useful and engaging products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices. Facebook also helps people discover and learn about what is going on in the world around them, enable people to share their opinions, ideas, photos and videos, and other activities with audiences ranging from their closest family members and friends to the public at large, and stay connected everywhere by accessing its products, including: Facebook enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers. There are a number of different ways to engage with people on Facebook and build community, including Facebook News Feed, Stories, Groups, Shops, Marketplace, News, and Watch. Instagram brings people closer to the people and things they love. It is a place where people can express themselves through photos, videos, and private messaging, and connect with and shop from their favorite businesses and creators. They can do this through Instagram Feed, Stories, Reels, IGTV, Live, Shops, and messaging. Messenger is a simple yet powerful messaging application for people to connect with friends, family, groups, and businesses across platforms and devices through chat, video, and Rooms. WhatsApp is a simple, reliable, and secure messaging application that is used by people and businesses around the world to communicate and transact in a private way. Facebook Reality Labs' augmented and virtual reality products help people feel connected, anytime, anywhere. Oculus Quest lets people defy distance with cutting-edge virtual reality (VR) hardware, software, and content, while Portal helps friends and families stay connected and share the moments that matter in meaningful ways. Facebook generates substantially all of its revenue from selling advertising placements to marketers. Its ads enable marketers to reach people based on a variety of factors including age, gender, location, interests, and behaviors. Marketers purchase ads that can appear in multiple places including on Facebook, Instagram, Messenger, and third-party applications and websites. Founded in 2004 by Mark Zuckerberg, the company is headquartered in Menlo Park, CA.

Company profile

Ticker

META stock data

1M 1Y 5Y

News

From Benzinga Pro

$100 Invested In This Stock 10 Years Ago Would Be Worth $600 Today

30 Sep 22

Meta Platforms (NASDAQ:META) has outperformed the market over the past 10 years by 10.63% on an annualized basis producing an average annual return of 20.05%. Currently, Meta Platforms has a market capitalization of $366.74 billion.

Big Tech Behemoths Silently Embracing Crypto & DeFi

30 Sep 22

Crypto and decentralized finance is not nearly as obscure as many traditional investors will have you believe. On the contrary, DeFi and token technology has been embraced by some of the world’s most innovative companies, if not silently.

10 Communication Services Stocks With Whale Alerts In Today's Session

30 Sep 22

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.

30 Sep 22

Mark Zuckerberg's Meta No Longer Among Top 10 Most-Valuable Companies: Who Overtook The Tech Giant?

30 Sep 22

Press releases

From Benzinga Pro

Thinking about buying stock in Microsoft, Royal Caribbean Cruises, Meta, Boston Scientific, or Dick's Sporting Goods?

30 Sep 22

NEW YORK, Sept. 30, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for MSFT, RCL, META, BSX, and DKS.

Thinking about trading options or stock in Biogen, Cassava Sciences, Tesla, Meta Platforms, or Coca-Cola?

28 Sep 22

NEW YORK, Sept. 28, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for BIIB, SAVA, TSLA, META, and KO.

Thinking about trading options or stock in Wynn Resorts, Tesla, Amazon, Meta Platforms, or Netflix?

26 Sep 22

NEW YORK, Sept. 26, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for WYNN, TSLA, AMZN, META, and NFLX.

Mark Zuckerberg's Little League Photo Goes to Auction

23 Sep 22

Thinking about trading options or stock in Micron Technology, PayPal, Nvidia, Meta Platforms, or Pfizer?

21 Sep 22

Analyst ratings and price targets

Last 3 months

Average target

$213.23

Low target

$140.00

High target

$275.00

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

27 Jul 22

1 Oct 22

31 Dec 22

Financial summary

Financial statements Chart META financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	13.48B	13.48B	13.48B	13.48B	13.48B	13.48B
Cash burn (monthly)	625M	252.75M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	1.9B	770.36M	n/a	n/a	n/a	n/a
Cash remaining	11.57B	12.71B	n/a	n/a	n/a	n/a
Runway (months of cash)	18.5	50.3	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

META insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
27 Sep 22	Jennifer Newstead	Class A Common Stock	Sell	Dispose S	No	Yes	137.92	342	47.17K	21,954
20 Sep 22	Jennifer Newstead	Class A Common Stock	Sell	Dispose S	No	Yes	145.77	342	49.85K	22,296
13 Sep 22	Jennifer Newstead	Class A Common Stock	Sell	Dispose S	No	Yes	161.23	342	55.14K	22,638
6 Sep 22	Jennifer Newstead	Class A Common Stock	Sell	Dispose S	No	Yes	160.06	342	54.74K	22,980
30 Aug 22	Jennifer Newstead	Class A Common Stock	Sell	Dispose S	No	Yes	160.24	342	54.8K	23,322

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

META institutional ownership history Ownership history

71.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	2933	3121	-6.0%
Opened positions	176	227	-22.5%
Closed positions	364	423	-13.9%
Increased positions	1234	1483	-16.8%
Reduced positions	1243	1197	+3.8%

13F shares	Current	Prev Q	Change
Total value	266.44B	374.82B	-28.9%
Total shares	1.64B	1.68B	-2.2%
Total puts	50.37M	61.47M	-18.1%
Total calls	61.52M	70.73M	-13.0%
Total put/call ratio	0.8	0.9	-5.8%

Largest owners	Shares	Value	Change
Vanguard	180.4M	$29.09B	-0.0%
BLK Blackrock	151.57M	$24.44B	+1.1%
FMR	115.78M	$18.67B	-5.7%
STT State Street	89.88M	$14.49B	-3.1%
TROW T. Rowe Price	51.63M	$8.33B	-30.8%
Capital International Investors	49.53M	$7.99B	-8.4%
Geode Capital Management	42.66M	$6.87B	+2.9%
Capital World Investors	38.39M	$6.19B	-6.9%
MS Morgan Stanley	31.96M	$5.15B	+19.0%
Capital Research Global Investors	31.07M	$5.01B	+3.9%

Largest transactions	Shares	Bought/sold	Change
TROW T. Rowe Price	51.63M	-23.03M	-30.8%
Parametric Portfolio Associates	0	-8.78M	EXIT
FMR	115.78M	-6.94M	-5.7%
MS Morgan Stanley	31.96M	+5.11M	+19.0%
Capital International Investors	49.53M	-4.52M	-8.4%
Arrowstreet Capital, Limited Partnership	4.8M	+4.02M	+514.6%
Citadel Advisors	4.58M	+4M	+693.7%
Wellington Management	22.61M	+3.65M	+19.2%
BCS Barclays	3.89M	-3.63M	-48.2%
JHG Janus Henderson	4.65M	-3.33M	-41.7%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

TEGNA • GP Strategies • Digital Turbine • Apple • Electronic Arts • Microsoft • Harmonic • Arena Group Holdings Inc • Steven Madden • Broadvision

Management Discussion

(1) Percentages have been rounded for presentation purposes and may differ from unrounded results.
(1) Percentages have been rounded for presentation purposes and may differ from unrounded results.
FoA revenue in the three and six months ended June 30, 2022 decreased $402 million, or 1%, and increased $1.17 billion, or 2%, respectively, compared to the same periods in 2021. The changes were mostly driven by advertising revenue.