Trading Concept
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Trading Concept
No Result
View All Result
Home Trading News

Facebook’s Stock Is On Sale, But the Retail Crowd Isn’t Buying

by
December 6, 2021
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

(Bloomberg) — Bargain hunters are no longer pouncing on skids in the shares of Facebook parent Meta Platforms Inc. the way they once did.

Most Read from Bloomberg

RELATED POSTS

Here are Wednesday’s biggest analyst calls: Tesla, Goldman Sachs, Penn, Amazon, McDonald’s & more

Delta offers free flight changes over July Fourth weekend ahead of possible ‘operational challenges’

The Hot New Trend For Hedge Funds Is—Finally—Female Founders

Automating the War on Noise Pollution

‘Ghost Signs’ Haunt London’s Reviving Neighborhoods

The social media giant posted its worst week since June 2020 as investors fled riskier assets following a hawkish tilt by the Federal Reserve. Meta’s decline of 7.9% over the five sessions far outpaced those of megacap technology peers, but it wasn’t met with the surge of buying from retail investors that’s helped lift the stock out of previous selloffs.

Net purchases of Meta by retail buyers barely budged this week, hovering around $40 million, according to data from Vanda Research. Five weeks ago, a similar drop in the stock price prompted a weekly inflow of more than $150 million and triggered a rebound in the shares.

Now, the cheapest of the megacap stocks keeps getting cheaper. Meta is less expensive than about 40% of the stocks in the Russell 1000 Value Index, based on price to trailing profits, according to data compiled by Bloomberg.

The stock is trading at 22 times earnings, down from 28 in September when Meta shares were at a record high. Of course, that was before a whistleblower released a trove of internal data that fueled another round of intense scrutiny and more angst about regulatory risks.

The weakness in Meta shares has been a surprise to Phil Blancato, chief executive officer of Ladenburg Thalmann Asset Management. While he expects many of tech’s high flyers to remain under pressure as the Fed reins in stimulus measures, he said Meta is starting to look attractive.

“There’s some political pressure and breakup talk, but these seem to be non-economic related,” he said. “From a valuation standpoint and where they’re trading versus their earnings power, it looks like a good opportunity.”

The Menlo Park, California-based company’s sales are projected to expand 19% in 2022, faster than Alphabet Inc., Apple Inc., Amazon.com Inc. and Microsoft Corp., according to the average of analyst estimates compiled by Bloomberg.

This may explain why Wall Street remains bullish on the stock. With 52 of the 62 analysts tracked by Bloomberg that cover the company recommending it, Meta has a higher percentage of buy ratings than Apple, which has outperformed it since the start of the year. Based on the average price target, Meta has the biggest return potential among its megacap peers at 31%, according to data compiled by Bloomberg.

Most Read from Bloomberg Businessweek

The Fall of a Russian Cyberexecutive Who Went Against the Kremlin

The Meme Stock

Paige Bueckers, a College Athlete Who’s Cashing In

David Baszucki, Roblox’s ‘Builderman’

Karen Lynch, the Shot Caller at CVS

©2021 Bloomberg L.P.

ShareTweetPin

Related Posts

Here are Wednesday’s biggest analyst calls: Tesla, Goldman Sachs, Penn, Amazon, McDonald’s & more

by
June 29, 2022
0

Here are Wednesday's biggest calls on Wall Street: Barclays initiates Penn as overweight Barclays initiated several casino and gaming companies,...

Delta offers free flight changes over July Fourth weekend ahead of possible ‘operational challenges’

by
June 29, 2022
0

In this article DAL An Airbus A330-323 aircraft, operated by Delta Air Lines. Benoit Tessier | Reuters Delta Air Lines...

Watch Fed Chair Powell talk live about the economy, interest rates at ECB forum

by
June 29, 2022
0

[The stream is slated to start at 9 a.m. ET. Please refresh the page if you do not see a...

Head scratcher: Analysts still see earnings rising this year even as the U.S. teeters on a recession

by
June 29, 2022
0

Two big earnings trends as we end the first half of the year and look forward to the second half:...

Crypto hedge fund Three Arrows Capital plunges into liquidation as market crash takes toll

by
June 29, 2022
0

Billions of dollars of value have been wiped off the cryptocurrency market in the last few weeks. Companies in the...

Next Post

Japan, South Korean stocks drop 1%; investors monitor bitcoin volatility

Activist firm Engine Capital reportedly pressures Kohl's to consider sale of online biz

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • WHO says Covid vaccine booster programs will prolong pandemic

    0 shares
    Share 0 Tweet 0
  • Spin or Split? AT&T Has a Big Decision to Make on Discovery Stake.

    0 shares
    Share 0 Tweet 0
  • Here’s how Carl Icahn is positioning for a possible recession in America

    0 shares
    Share 0 Tweet 0
  • Some lawmakers and their families are betting thousands of dollars on crypto

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by tradingconcept.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.tradingconcept.net