#Meta chart stock plus

Moreover, Zuckerberg and his team had $42 billion in cash and marketable securities at the end of September, plus board approval to spend another $18 billion on buybacks, meaning they have the money and permission needed to pounce on beaten-down Meta stock. The company is already on track to rival the 136 million shares it repurchased in 2021. Still, Meta may seek to capitalize on its depressed stock price, and compensate for its arguably overpriced buybacks, by ramping up repurchases now. Aggressive repurchases would likely boost Meta stock as well, raising the company's cost per share. Its repurchases would be constrained by the cash it has available, the trading volume of its stock, and how much buyback spending has been approved by its board. However, it's worth emphasizing that even if Meta could start its buybacks today, it probably wouldn't save quite that much money. If the company could erase all of its buybacks since 2017 and conduct them at today's price instead, they would theoretically cost $53 billion less - more than one-sixth of Meta's current market capitalization. Meta's stock slump has made its past repurchases look expensive. The sell-off has been fueled by mounting doubts about Zuckerberg's expensive bet on the metaverse, concerns about an advertising slowdown, and investors dumping tech stocks in favor of safer assets. Shares of the Facebook, Instagram, and WhatsApp owner have plunged 70% this year, slashing the company's market capitalization from about $900 billion to around $270 billion. Those shares would cost under $38 billion - or nearly 60% less - to buy today at Meta's current stock price. Moreover, Meta has spent a total of $91 billion to repurchase 377 million shares between the start of 2017 and September 30 this year, at a weighted average price of around $242 a share, a Markets Insider analysis of Securities and Exchange Commission filings shows.

Mark Zuckerberg's social-media giant also repurchased another 100 million shares in the first nine months of this year at a cost of $21 billion, or around $210 a share - more than double the current stock price. Anmuth raised his price target on Meta stock to 150 from 115, and went from a neutral rating to outperform. Its stock was trading around $100, or less than a third of that price, on Thursday after a post-earnings crash, suggesting Facebook's parent company massively overpaid for its own shares. Meta stock climbed 2.8 to close at 119.43 on the stock market today. Meta also faces significant competition from the likes of Apple (messaging), YouTube (advertising and video), Bytedance (social media) and Tencent (messaging and social media).Meta spent about $45 billion buying back 136 million shares last year, paying around $330 a pop.

Meta, thanks to its huge user base gained a significant market share in the advertising space wherein it faces tough competition from Google, Twitter, Amazon and Snapchat-parent Snap. Marketers buy ads that can appear on multiple platforms including Meta, Instagram, Messenger and third-party applications and websites. Meta uses metrics like daily active users (DAUs) and monthly active users (MAUs) to measure Facebook's user base. Along with in-house developed Messenger, these apps now form Meta's family of products used by billions of people on a monthly basis. The company's portfolio offering evolved from a single Facebook app to multiple apps like photo and video sharing app Instagram and WhatsApp messaging app owing to acquisitions. Meta Platforms is the world's largest social media platform.

Meta chart stock