Insider Selling: Meta Platforms, Inc. (NASDAQ:META) Insider Sells 905 Shares of Stock

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) insider Jennifer Newstead sold 905 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $604.54, for a total value of $547,108.70. Following the completion of the sale, the insider now directly owns 31,105 shares of the company’s stock, valued at approximately $18,804,216.70. This represents a 2.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Jennifer Newstead also recently made the following trade(s):

  • On Tuesday, January 7th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $631.55, for a total transaction of $571,552.75.
  • On Tuesday, December 31st, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were sold at an average price of $591.76, for a total transaction of $535,542.80.
  • On Tuesday, December 24th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $602.47, for a total transaction of $545,235.35.
  • On Tuesday, December 17th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $626.66, for a total transaction of $567,127.30.
  • On Tuesday, December 10th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were sold at an average price of $618.00, for a total value of $559,290.00.
  • On Tuesday, December 3rd, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $595.00, for a total value of $538,475.00.
  • On Tuesday, November 26th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were sold at an average price of $565.30, for a total value of $511,596.50.
  • On Tuesday, November 5th, Jennifer Newstead sold 901 shares of Meta Platforms stock. The shares were sold at an average price of $567.70, for a total transaction of $511,497.70.
  • On Tuesday, October 29th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $580.10, for a total transaction of $524,990.50.
  • On Tuesday, October 22nd, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $574.70, for a total transaction of $520,103.50.

Meta Platforms Trading Up 0.2 %

Shares of META stock opened at $612.77 on Friday. The company has a market capitalization of $1.55 trillion, a P/E ratio of 28.86, a P/E/G ratio of 1.22 and a beta of 1.19. Meta Platforms, Inc. has a 12-month low of $370.95 and a 12-month high of $638.40. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $596.78 and a 200 day moving average price of $556.71.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.19 by $0.84. The company had revenue of $40.59 billion during the quarter, compared to analysts’ expectations of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. Research analysts forecast that Meta Platforms, Inc. will post 22.68 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date was Monday, December 16th. Meta Platforms’s dividend payout ratio is currently 9.42%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on META shares. Bank of America boosted their price target on Meta Platforms from $630.00 to $660.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. BMO Capital Markets boosted their target price on Meta Platforms from $525.00 to $530.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Roth Mkm increased their price target on Meta Platforms from $620.00 to $635.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Morgan Stanley boosted their price objective on shares of Meta Platforms from $600.00 to $660.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, Stifel Nicolaus raised their target price on shares of Meta Platforms from $590.00 to $663.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $650.05.

Check Out Our Latest Stock Report on Meta Platforms

Institutional Trading of Meta Platforms

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Lindenwold Advisors INC grew its holdings in Meta Platforms by 0.3% during the 3rd quarter. Lindenwold Advisors INC now owns 5,918 shares of the social networking company’s stock worth $3,388,000 after acquiring an additional 17 shares during the last quarter. Insight Wealth Strategies LLC lifted its position in shares of Meta Platforms by 1.6% during the fourth quarter. Insight Wealth Strategies LLC now owns 1,067 shares of the social networking company’s stock worth $625,000 after purchasing an additional 17 shares in the last quarter. Steigerwald Gordon & Koch Inc. increased its holdings in shares of Meta Platforms by 0.6% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 2,680 shares of the social networking company’s stock valued at $1,569,000 after purchasing an additional 17 shares in the last quarter. Central Valley Advisors LLC raised its position in Meta Platforms by 0.3% in the 3rd quarter. Central Valley Advisors LLC now owns 5,714 shares of the social networking company’s stock worth $3,271,000 after purchasing an additional 18 shares during the last quarter. Finally, Cherrydale Wealth Management LLC raised its position in Meta Platforms by 0.5% in the 3rd quarter. Cherrydale Wealth Management LLC now owns 3,841 shares of the social networking company’s stock worth $2,199,000 after purchasing an additional 18 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Company Profile

(Get Free Report)

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.

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Insider Buying and Selling by Quarter for Meta Platforms (NASDAQ:META)

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