To buy shares in Meta (NASDAQ:META), you need a trading or share dealing account. Follow these three steps if you want to buy shares in Meta from the UK:
- Decide if you want to buy Meta shares in the short-term or invest in the long-term
- Compare share dealing and trading fees in our comparison tables
- Choose which broker is right for you and open an account
Buying one NASDAQ:META share costs $109.04. However, as well as the $109.04 cost of buying each share you will also have to pay any relevant tax, commission when you buy and sell shares, custody fees for holding your shares on your account and foreign exchange fees for converting GBP into USD. You also have to consider the difference between the bid price (the price at which you sell shares) and the offer price (the price at which you buy shares). These fees vary depending on what sort of account you open, and with what broker. You can compare the different costs associated with the different types of trading and investing accounts in our comparison tables below.
It’s also important to remember that share prices can move quickly, for example, the current NASDAQ:META share price is $109.04 which is a change of -2.37 or -2.13% from the last closing price of 109.04 with 15967200 shares traded giving NASDAQ:META a market capitalisation of $289031982457. The most recent daily high has been 112.04 and daily low 108.83. The NASDAQ:META share price 52 week high has been 352.71 and the 52 week low 88.09. Based on the most recent NASDAQ:META share price opening of 109.04, the current NASDAQ:META EPS (earnings per share) are 10.49 and the PE (price earnings ratio) is 10.4.
Pricing data automatically updates every 15 minutes
You can buy Meta shares through any of these stock brokers that offer US stocks in the UK:
|US Stock Buying Platform||US Commission||FX Rate||Share Dealing||ISA||SIPP||Derivatives||More Info|
|£11.95||1% - 0.25%||✔️||✔️||✔️||✔️||See Offers
Capital at Risk
|£7.99||1.5% - 0.25%||✔️||✔️||✔️||❌||See Offers
Capital at Risk
|0.5 cents per share||0.02%||✔️||✔️||✔️||✔️||See Offers
Capital at Risk
AJ Bell Youinvest
Capital at Risk
|20 cents per share||0.5%||✔️||✔️||✔️||✔️||See Offers
Capital at Risk
Capital at Risk
If you want to speculate on the price of Meta through CFDs or spread betting or short sell the stock you can use any of these derivatives brokers:
|US Stock Trading Platform||Costs & Spreads||US Stocks||Overnight Financing||CFDs||Spread Betting||DMA||Investing||More Info||Risk Warning|
|1.8¢ per share||2,000||2.5% +/- SOFR||✔️||✔️||❌||❌||See Platform||69% of retail investor accounts lose money when trading CFDs with this provider|
|0.003%||3,500||1.5% +/- SOFR||✔️||❌||✔️||✔️||See Platform||60% of retail investor accounts lose money when trading CFDs with this provider|
|2¢ per share||4,968||2.9% +/- SOFR||✔️||✔️||❌||❌||See Platform||76% of retail investor accounts lose money when trading CFDs with this provider|
|2¢ per share||880||2.5% +/- SOFR||✔️||✔️||❌||❌||See Platform||74% of retail investor accounts lose money when trading CFDs with this provider|
|0.1%||6,352||2.5% +/- SOFR||✔️||✔️||✔️||✔️||See Platform||73% of retail investor accounts lose money when trading CFDs with this provider|
|1¢ per share||1,000||2.5% +/- SAXO Rate||✔️||❌||✔️||✔️||See Platform||70% of retail investor accounts lose money when trading CFDs with this provider|
|0.3%||2,110||3% +/- SOFR||✔️||✔️||❌||❌||See Platform||69% of retail investor accounts lose money when trading CFDs with this provider|
|0%||2,019||+6.4%/-2.9% SOFR||✔️||❌||❌||✔️||See Platform||77% of retail investor accounts lose money when trading CFDs with this provider|
Is the Meta (NASDAQ:META) a good investment in the long run
In the year after its IPO in May 2012, Meta’s share price have appreciated tremendously. At its peak, the social network company was worth more than a trillion dollars – one of the few companies to have achieved this amazing and rare feat (the others being Apple, Google, Amazon, and Microsoft).
With the benefit of hindsight, the tech company was a fantastic investment over the ten years. If you had bought Facebook at its mammoth IPO at $25, you would have multi-bagged the investment over the next decade (see chart below).
During Facebook’s decade of hyper growth, the company bought tens of companies to solidify its leading position in the global social network. Major acquisitions included WhatsApp for $19 billion, Instagram for another $1 billion and Oculus Reality for $2 billion.
However, all that growth is now history. Economic conditions of the past decade that had propelled many tech companies into trillion-dollar titans have completely reversed, conditions such as higher interest rates and a saturated social network market. All these headwinds mean the Meta will have a harder time repeating its secular bull run in the foreseeable future.
The optimal time to buy is when there is fear in the market.
If you look back at Meta’s share price history, there were four periods of sustained weakness.
- After the IPO,
- since 2021.
In the first three setbacks, the share bounced back higher after a few quarters of setbacks.
But, readers may point out that the current drawdown is already more than a year old. Is it time to buy? Yes, if you believe in the company’s long-term story. No, if you subscribe to the trend-following theory, which states that you should stay out of a stock until its prevailing downtrend has changed. Currently, Meta’s long-term trend remains bearish. It has not yet established a bottom.
Meta’s share price has declined substantially from its peak at $380. Currently, prices are trading in the vicinity of $110-120. After such a major decline, could Meta’s share be undervalued?
Not exactly. The reason is Meta’s pivot into a new business called Metaverse under CEO Mark Zuckerberg. Simply speaking, Metaverse is a form of virtual reality where people live and interact using avatars. The company even went as far as changing its name from Facebook to Meta to show its structural business pivot.
The problem is that Meta is still building a virtual reality platform. It has yet to dominate the business. As a result, Meta is spending billions of dollars every quarter on growing the business.
The problem is that the general economy is weakening. This means that Meta’s core business will not be able to sustain the current of investment in the new metaverse business. Reality Labs, the section that is developing the metaverse, lost almost $10 billion this year.
Meta’s future earnings are projected to contract faster than expected. This caused its share price to tank on 27 October 2022.
Prices have slumped by more than a fifth after the company reported weaker-than-expected revenue in the last quarter ($30 billion). With losses racking up in other departments, the core ad business in Facebook may not be enough to sustain the company, especially when the company projected that “Reality Labs operating losses in 2023 will grow significantly year-over-year“.
Moreover, the entire tech sector has been weak this year, following the phenomenal rally post-pandemic.
While Meta’s share price have tanked this week, many analysts are still holding out their relatively bullish projections.
According to the Financial Times, 36 analysts are putting out ‘Buy’ or ‘Outperform’ ratings on Meta (see below). But with Meta’s share price running weak, Wall Street may start downgrading the tech firm. For example, Morgan Stanley today lowered its rating on Meta for the first time. Watch for more downgrades in the future.
Source: Financial Times