Meta Platforms, Inc. (NASDAQ:META - Get Free Report) insider Jennifer Newstead sold 905 shares of the firm's stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $496.99, for a total transaction of $449,775.95. Following the sale, the insider now directly owns 38,750 shares in the company, valued at approximately $19,258,362.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Jennifer Newstead also recently made the following trade(s):
- On Tuesday, June 11th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $500.00, for a total transaction of $452,500.00.
- 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 shares were 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 shares were 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 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 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 value 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.
Meta Platforms Stock Up 1.3 %
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META opened at $519.56 on Friday. 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 firm has a market cap of $1.32 trillion, a P/E ratio of 29.84, a PEG ratio of 1.33 and a beta of 1.21. Meta Platforms, Inc. has a 52 week low of $274.38 and a 52 week high of $531.49. The business's fifty day simple moving average is $479.53 and its 200 day simple moving average is $452.69.
Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, beating the consensus estimate of $4.32 by $0.39. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. The business had revenue of $36.46 billion for the quarter, compared to the consensus estimate of $36.28 billion. As a group, equities research analysts anticipate that Meta Platforms, Inc. will post 20.16 EPS for the current fiscal year.
Meta Platforms Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.38%. Meta Platforms's dividend payout ratio (DPR) is presently 11.49%.
Wall Street Analyst Weigh In
META has been the topic of several analyst reports. Wedbush reduced their price target on Meta Platforms from $570.00 to $480.00 and set an "outperform" rating on the stock in a report on Thursday, April 25th. JMP Securities reiterated a "market outperform" rating and set a $550.00 price target on shares of Meta Platforms in a report on Monday, April 22nd. Wolfe Research reduced their price target on Meta Platforms from $530.00 to $500.00 and set an "outperform" rating on the stock in a report on Thursday, April 25th. Needham & Company LLC reiterated an "underperform" rating on shares of Meta Platforms in a report on Thursday, April 25th. Finally, KeyCorp boosted their price objective on shares of Meta Platforms from $475.00 to $540.00 and gave the company an "overweight" rating in a report on Thursday, June 20th. Two 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 issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $510.05.
Read Our Latest Analysis on META
Institutional Investors Weigh In On Meta Platforms
Hedge funds have recently bought and sold shares of the business. Delos Wealth Advisors LLC grew its stake in Meta Platforms by 527.3% during the 1st quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company's stock valued at $34,000 after purchasing an additional 58 shares in the last quarter. Stone House Investment Management LLC grew its position in shares of Meta Platforms by 625.0% in the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company's stock worth $26,000 after acquiring an additional 75 shares in the last quarter. Richardson Financial Services Inc. grew its position in shares of Meta Platforms by 95.6% in the 1st quarter. Richardson Financial Services Inc. now owns 88 shares of the social networking company's stock worth $41,000 after acquiring an additional 43 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Meta Platforms in the 4th quarter worth approximately $32,000. Finally, Kathleen S. Wright Associates Inc. acquired a new position in shares of Meta Platforms in the 1st quarter worth approximately $44,000. Institutional investors and hedge funds 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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