It builds technology that helps people connect, find communities, and grow businesses. It operates through the Family of Apps https://dotbig.com/markets/stocks/FB/ and Reality Labs segments. The FoA segment consists of Facebook, Instagram, Messenger, WhatsApp, and other services.
The RL segment includes augmented and virtual reality related consumer hardware, software, and content. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004, and is headquartered in Menlo Park, CA. A P/B of 1 means https://www.forbes.com/advisor/investing/what-is-forex-trading/ it’s selling at its per share book value. A P/B of 2 means it’s selling at 2 times its book value. A P/B of 0.5 means its selling at half its book value. Note; companies will typically sell for more than their book value in much the same way that a company will sell at a multiple of its earnings.
Meta Platforms Inc Company Profile
Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The company said Apple’s iPhone privacy changes, which impact its Forex news ad-targeting and measuring, would result in a $10 billion revenue hit this year. It also said macroeconomic challenges like inflation and supply chain disruptions, are weighing on advertiser budgets. WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
- Sure, Facebook’s ad revenue is likely taking a hit as some marketers reduce ad spend in the wake of many store closures and consumers sheltering at home.
- Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization.
- The company engages in the development of social media applications as well as virtual and augmented reality products allowing users to connect through mobile devices, personal computers and other platforms.
- The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021.
Cash Flow is net income plus depreciation and other non-cash charges. A strong cash flow is important for covering interest payments, particularly for highly leveraged companies. Projected EPS Growth looks at the estimated growth rate for one year. It takes the FB consensus estimate for the current fiscal year divided by the EPS for the last completed fiscal year . Enterprise Value is Market Capitalization + Debt – Cash. Many investors prefer EV to just Market Cap as a better way to determine the value of a company.
Is Facebook Stock A Buy Even With Slowing User Growth?
Meta is now focused on driving user engagement via its Reels short-form video feature, yet there are “relatively few ads in Reels today,” Wehner said. Facebook is rolling out a series of shortcuts for its chat platform Messenger, including one that makes it easier for users to send and receive money. “We’re excited today to introduce shortcuts on Mess… “While Meta is the current punching bag, TikTok is the real threat,” a consulting firm staffer reportedly wrote in an email obtained by the Washington Post. Only mortgage rates forecast and history are updated weekly. Seeing a stock’s EPS change over 1 week is important.
Be sure to read IBD’s after-the-close The Big Picture column each day to make sure growth investors have a green light. Zuckerberg mentioned competition from TikTok five times on the earnings call. Undoubtedly, TikTok has an enviable franchise that Meta can’t let go unanswered. Yet it may be no coincidence that Meta is playing up the TikTok threat in the first earnings call after a federal judge rejected the company’s motion to dismiss the FTC’s antitrust suit. Meta is doing this for strategic reasons as it aims to compete with TikTok, the go-to site for posting creative short videos. Meta is “focused on getting the user experience right” as it innovates ad formats on Reels, finance vice president Susan Li said.