Meta Platforms, Inc. (NASDAQ:META - Get Free Report) insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $476.69, for a total transaction of $431,404.45. Following the sale, the insider now directly owns 42,370 shares of the company's stock, valued at approximately $20,197,355.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Jennifer Newstead also recently made the following trade(s):
- On Tuesday, May 21st, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $467.57, for a total value of $423,150.85.
- On Tuesday, May 7th, Jennifer Newstead sold 576 shares of Meta Platforms stock. The stock was sold at an average price of $466.33, for a total value of $268,606.08.
- On Tuesday, April 30th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The shares were sold at an average price of $431.05, for a total transaction of $252,164.25.
- On Tuesday, April 23rd, Jennifer Newstead sold 585 shares of Meta Platforms stock. The shares were sold at an average price of $491.25, for a total transaction of $287,381.25.
- On Tuesday, April 16th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The stock was sold at an average price of $498.59, for a total transaction of $291,675.15.
- On Tuesday, April 9th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The shares were sold at an average price of $522.00, for a total transaction of $305,370.00.
- On Tuesday, April 2nd, Jennifer Newstead sold 585 shares of Meta Platforms stock. The stock was sold at an average price of $485.00, for a total value of $283,725.00.
- On Tuesday, March 26th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The stock was sold at an average price of $505.29, for a total value of $295,594.65.
- On Tuesday, March 19th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The shares were sold at an average price of $488.50, for a total value of $285,772.50.
- On Tuesday, March 12th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The stock was sold at an average price of $493.75, for a total transaction of $288,843.75.
Meta Platforms Stock Down 1.5 %
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Meta Platforms stock opened at $467.05 on Friday. The company's 50-day moving average price is $481.93 and its two-hundred day moving average price is $429.53. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. The stock has a market cap of $1.18 trillion, a P/E ratio of 26.83, a P/E/G ratio of 1.23 and a beta of 1.21. Meta Platforms, Inc. has a twelve month low of $258.45 and a twelve month high of $531.49.
Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, topping analysts' consensus estimates of $4.32 by $0.39. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. The company had revenue of $36.46 billion for the quarter, compared to analyst estimates of $36.28 billion. As a group, analysts expect that Meta Platforms, Inc. will post 20.19 EPS for the current year.
Meta Platforms Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Friday, June 14th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.43%. Meta Platforms's payout ratio is presently 11.49%.
Hedge Funds Weigh In On Meta Platforms
A number of hedge funds have recently bought and sold shares of META. Vanguard Group Inc. increased its holdings in shares of Meta Platforms by 0.4% during the first quarter. Vanguard Group Inc. now owns 187,180,393 shares of the social networking company's stock worth $90,891,055,000 after purchasing an additional 831,047 shares during the period. FMR LLC increased its stake in Meta Platforms by 4.0% during the 3rd quarter. FMR LLC now owns 130,809,908 shares of the social networking company's stock worth $39,270,443,000 after acquiring an additional 5,001,647 shares during the period. Capital World Investors raised its holdings in Meta Platforms by 0.6% in the 1st quarter. Capital World Investors now owns 38,299,316 shares of the social networking company's stock valued at $18,597,382,000 after acquiring an additional 244,803 shares in the last quarter. Morgan Stanley lifted its position in shares of Meta Platforms by 3.4% during the 3rd quarter. Morgan Stanley now owns 36,277,772 shares of the social networking company's stock valued at $10,890,950,000 after acquiring an additional 1,184,978 shares during the period. Finally, Capital International Investors grew its holdings in shares of Meta Platforms by 3.2% during the 4th quarter. Capital International Investors now owns 34,738,470 shares of the social networking company's stock worth $12,296,383,000 after purchasing an additional 1,083,719 shares in the last quarter. 79.91% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on META. KeyCorp lowered their price objective on shares of Meta Platforms from $575.00 to $555.00 and set an "overweight" rating for the company in a research report on Monday, April 22nd. Mizuho lifted their price target on Meta Platforms from $470.00 to $575.00 and gave the company a "buy" rating in a research note on Friday, February 2nd. Canaccord Genuity Group cut their price target on Meta Platforms from $610.00 to $575.00 and set a "buy" rating on the stock in a report on Thursday, April 25th. Jefferies Financial Group decreased their price objective on Meta Platforms from $585.00 to $540.00 and set a "buy" rating for the company in a report on Thursday, April 25th. Finally, Wolfe Research cut their target price on Meta Platforms from $530.00 to $500.00 and set an "outperform" rating on the stock in a research note on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $509.80.
Get Our Latest Analysis on Meta Platforms
About Meta Platforms
(
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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