Meta Platforms, Inc. (NASDAQ:META - Get Free Report) insider Jennifer Newstead sold 905 shares of the firm's stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $500.00, for a total transaction of $452,500.00. Following the completion of the sale, the insider now directly owns 40,560 shares in the company, valued at approximately $20,280,000. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Jennifer Newstead also recently made the following trade(s):
- On Tuesday, June 4th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $477.00, for a total transaction of $431,685.00.
- On Tuesday, May 28th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was 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 stock was 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 stock was 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 shares were 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 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.
Meta Platforms Stock Down 0.2 %
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Shares of Meta Platforms stock opened at $503.15 on Friday. The company has a market cap of $1.28 trillion, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 1.32 and a beta of 1.21. The company's 50 day moving average is $480.85 and its 200 day moving average is $440.36. Meta Platforms, Inc. has a twelve month low of $271.42 and a twelve month high of $531.49. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12.
Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share 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 the consensus estimate of $36.28 billion. Research analysts anticipate that Meta Platforms, Inc. will post 20.16 EPS for the current year.
Meta Platforms Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.00 annualized dividend and a yield of 0.40%. Meta Platforms's payout ratio is presently 11.49%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on META shares. Roth Mkm lifted their target price on shares of Meta Platforms from $500.00 to $510.00 and gave the company a "buy" rating in a research note on Thursday, April 25th. Truist Financial cut their target price on shares of Meta Platforms from $550.00 to $535.00 and set a "buy" rating on the stock in a research note on Thursday, April 25th. Canaccord Genuity Group lowered their price target on shares of Meta Platforms from $610.00 to $575.00 and set a "buy" rating for the company in a research report on Thursday, April 25th. TD Cowen lowered their price target on shares of Meta Platforms from $590.00 to $530.00 and set a "buy" rating for the company in a research report on Thursday, April 25th. Finally, Royal Bank of Canada lowered their price target on shares of Meta Platforms from $600.00 to $570.00 and set an "outperform" rating for the company in a research report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Meta Platforms currently has a consensus rating of "Moderate Buy" and a consensus price target of $510.41.
Get Our Latest Research Report on Meta Platforms
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the business. S.A. Mason LLC increased its stake in shares of Meta Platforms by 1.5% in the first quarter. S.A. Mason LLC now owns 1,328 shares of the social networking company's stock worth $645,000 after purchasing an additional 20 shares in the last quarter. Horizon Bancorp Inc. IN grew its stake in Meta Platforms by 2.0% during the first quarter. Horizon Bancorp Inc. IN now owns 1,057 shares of the social networking company's stock valued at $513,000 after acquiring an additional 21 shares in the last quarter. Northern Capital Management Inc. grew its stake in Meta Platforms by 3.4% during the first quarter. Northern Capital Management Inc. now owns 647 shares of the social networking company's stock valued at $314,000 after acquiring an additional 21 shares in the last quarter. Hanson & Doremus Investment Management grew its stake in Meta Platforms by 5.3% during the first quarter. Hanson & Doremus Investment Management now owns 435 shares of the social networking company's stock valued at $211,000 after acquiring an additional 22 shares in the last quarter. Finally, LongView Wealth Management grew its stake in Meta Platforms by 1.3% during the first quarter. LongView Wealth Management now owns 1,762 shares of the social networking company's stock valued at $856,000 after acquiring an additional 22 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.
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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