Meta Platforms, Inc. (NASDAQ:META - Get Free Report) insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $477.00, for a total value of $431,685.00. Following the sale, the insider now directly owns 41,465 shares of the company's stock, valued at approximately $19,778,805. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Jennifer Newstead also recently made the following trade(s):
- On Tuesday, May 28th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were sold at an average price of $476.69, for a total transaction of $431,404.45.
- 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 transaction 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 transaction 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 value of $252,164.25.
- On Tuesday, April 23rd, Jennifer Newstead sold 585 shares of Meta Platforms stock. The stock was sold at an average price of $491.25, for a total value of $287,381.25.
- On Tuesday, April 16th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The shares were sold at an average price of $498.59, for a total value 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 shares were sold at an average price of $485.00, for a total transaction of $283,725.00.
- On Tuesday, March 26th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The shares were sold at an average price of $505.29, for a total transaction of $295,594.65.
- On Tuesday, March 19th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The stock was sold at an average price of $488.50, for a total transaction of $285,772.50.
Meta Platforms Price Performance
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NASDAQ:META opened at $493.76 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 2.68. The company has a 50 day moving average price of $480.37 and a 200-day moving average price of $434.68. Meta Platforms, Inc. has a 1-year low of $258.88 and a 1-year high of $531.49. The firm has a market cap of $1.25 trillion, a price-to-earnings ratio of 28.36, a price-to-earnings-growth ratio of 1.28 and a beta of 1.21.
Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.32 by $0.39. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The business had revenue of $36.46 billion for the quarter, compared to analyst estimates of $36.28 billion. Equities research analysts forecast that Meta Platforms, Inc. will post 20.16 EPS for the current year.
Meta Platforms Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Friday, June 14th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Friday, June 14th. Meta Platforms's payout ratio is 11.49%.
Analyst Upgrades and Downgrades
META has been the subject of several recent research reports. Stifel Nicolaus lifted their target price on shares of Meta Platforms from $527.00 to $588.00 and gave the company a "buy" rating in a report on Tuesday, April 16th. Wells Fargo & Company cut their price target on Meta Platforms from $609.00 to $600.00 and set an "overweight" rating for the company in a report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft decreased their target price on Meta Platforms from $540.00 to $500.00 and set a "buy" rating on the stock in a research note on Thursday, April 25th. Raymond James raised their price target on Meta Platforms from $525.00 to $550.00 and gave the company a "strong-buy" rating in a report on Wednesday. Finally, Barclays reduced their price objective on Meta Platforms from $550.00 to $520.00 and set an "overweight" rating on the stock in a research note on Thursday, April 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $510.41.
Check Out Our Latest Stock Report on META
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Meta Platforms during the fourth quarter worth about $11,285,855,000. FMR LLC boosted its holdings in shares of 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 purchasing an additional 5,001,647 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Meta Platforms by 11,154.4% in the fourth quarter. International Assets Investment Management LLC now owns 4,952,254 shares of the social networking company's stock valued at $1,752,900,000 after purchasing an additional 4,908,251 shares in the last quarter. Capital Research Global Investors lifted its position in Meta Platforms by 17.2% during the fourth quarter. Capital Research Global Investors now owns 30,217,175 shares of the social networking company's stock worth $10,695,722,000 after buying an additional 4,440,229 shares in the last quarter. Finally, Concentrum Wealth Management boosted its stake in Meta Platforms by 111.0% during the fourth quarter. Concentrum Wealth Management now owns 7,391,877 shares of the social networking company's stock worth $2,616,000 after buying an additional 3,888,308 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.
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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