Meta Platforms, Inc. (NASDAQ:META - Get Free Report) insider Jennifer Newstead sold 905 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $532.21, for a total transaction of $481,650.05. Following the sale, the insider now directly owns 41,437 shares of the company's stock, valued at $22,053,185.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Jennifer Newstead also recently made the following trade(s):
- On Monday, August 5th, Jennifer Newstead sold 901 shares of Meta Platforms stock. The stock was sold at an average price of $451.15, for a total transaction of $406,486.15.
- On Tuesday, July 23rd, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were sold at an average price of $489.80, for a total transaction of $443,269.00.
- On Tuesday, July 16th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $501.42, for a total value of $453,785.10.
- On Tuesday, July 9th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $533.95, for a total value of $483,224.75.
- On Tuesday, July 2nd, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were sold at an average price of $500.57, for a total value of $453,015.85.
- On Tuesday, June 25th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $496.99, for a total value of $449,775.95.
- 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 shares were 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 value of $423,150.85.
Meta Platforms Stock Performance
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META opened at $529.28 on Tuesday. Meta Platforms, Inc. has a twelve month low of $276.03 and a twelve month high of $542.81. The firm has a market capitalization of $1.34 trillion, a PE ratio of 30.40, a PEG ratio of 1.27 and a beta of 1.21. The company has a current ratio of 2.83, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12. The firm's 50-day moving average price is $501.01 and its 200 day moving average price is $489.45.
Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, July 31st. The social networking company reported $5.16 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.46. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The business had revenue of $39.07 billion for the quarter, compared to analysts' expectations of $38.26 billion. During the same period in the previous year, the firm posted $3.23 EPS. The business's revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, sell-side analysts expect that Meta Platforms, Inc. will post 20.5 EPS for the current fiscal year.
Meta Platforms Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Friday, June 14th. Meta Platforms's dividend payout ratio (DPR) is presently 11.49%.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Tennessee Valley Asset Management Partners grew its position in Meta Platforms by 0.6% in the fourth quarter. Tennessee Valley Asset Management Partners now owns 4,566 shares of the social networking company's stock worth $1,616,000 after acquiring an additional 27 shares during the period. Criterion Capital Advisors LLC acquired a new position in shares of Meta Platforms in the 4th quarter valued at $45,000. Riggs Asset Managment Co. Inc. grew its holdings in shares of Meta Platforms by 54,888.9% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 4,949 shares of the social networking company's stock worth $1,752,000 after purchasing an additional 4,940 shares during the period. CWM LLC increased its position in shares of Meta Platforms by 15.4% during the 4th quarter. CWM LLC now owns 221,238 shares of the social networking company's stock worth $78,309,000 after purchasing an additional 29,465 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in Meta Platforms by 8.5% in the 4th quarter. Handelsbanken Fonder AB now owns 750,373 shares of the social networking company's stock valued at $265,602,000 after buying an additional 58,650 shares during the period. Hedge funds and other institutional investors own 79.91% of the company's stock.
Analyst Ratings Changes
META has been the topic of several research analyst reports. Roth Mkm boosted their price target on Meta Platforms from $510.00 to $550.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Evercore ISI increased their price target on shares of Meta Platforms from $550.00 to $600.00 and gave the stock an "outperform" rating in a report on Thursday, August 1st. Morgan Stanley lifted their price objective on shares of Meta Platforms from $550.00 to $575.00 and gave the company an "overweight" rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. increased their price objective on shares of Meta Platforms from $480.00 to $610.00 and gave the stock an "overweight" rating in a research note on Thursday, August 1st. Finally, Susquehanna boosted their target price on shares of Meta Platforms from $550.00 to $600.00 and gave the company a "positive" rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $574.41.
Check Out Our Latest Report on Meta Platforms
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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