Meta Platforms, Inc. (NASDAQ:META - Get Free Report) insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $519.05, for a total value of $469,740.25. Following the sale, the insider now directly owns 39,627 shares of the company's stock, valued at $20,568,394.35. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Jennifer Newstead also recently made the following trade(s):
- On Tuesday, August 20th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $528.38, for a total value of $478,183.90.
- On Friday, August 16th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $532.21, for a total value of $481,650.05.
- 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 value 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 value of $443,269.00.
- On Tuesday, July 16th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $500.00, for a total value 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 value of $431,685.00.
Meta Platforms Stock Up 0.4 %
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Shares of META stock traded up $1.84 on Friday, hitting $520.06. The company's stock had a trading volume of 649,947 shares, compared to its average volume of 15,940,805. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.83 and a quick ratio of 2.68. Meta Platforms, Inc. has a fifty-two week low of $279.40 and a fifty-two week high of $544.23. The firm's fifty day moving average price is $504.32 and its 200-day moving average price is $492.38. The stock has a market capitalization of $1.32 trillion, a price-to-earnings ratio of 29.77, a P/E/G ratio of 1.27 and a beta of 1.21.
Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results on Wednesday, July 31st. The social networking company reported $5.16 earnings per share for the quarter, topping analysts' consensus estimates of $4.70 by $0.46. The firm had revenue of $39.07 billion during the quarter, compared to analyst estimates of $38.26 billion. Meta Platforms had a net margin of 34.34% and a return on equity of 34.16%. The business's revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.23 EPS. Research analysts anticipate that Meta Platforms, Inc. will post 20.5 EPS for the current year.
Wall Street Analyst Weigh In
Several analysts have commented on the company. Truist Financial upped their price objective on Meta Platforms from $535.00 to $570.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Guggenheim boosted their target price on Meta Platforms from $500.00 to $600.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Evercore ISI boosted their target price on Meta Platforms from $550.00 to $600.00 and gave the stock an "outperform" rating in a research report on Thursday, August 1st. Wells Fargo & Company boosted their target price on Meta Platforms from $625.00 to $647.00 and gave the stock an "overweight" rating in a research report on Thursday, August 1st. Finally, JMP Securities reiterated a "market outperform" rating and set a $525.00 target price on shares of Meta Platforms in a research report on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $574.41.
View Our Latest Report on META
Institutional Investors Weigh In On Meta Platforms
A number of institutional investors have recently bought and sold shares of the business. Quest Partners LLC bought a new position in shares of Meta Platforms during the 4th quarter worth approximately $32,000. Clear Investment Research LLC boosted its stake in shares of Meta Platforms by 411.1% in the 4th quarter. Clear Investment Research LLC now owns 92 shares of the social networking company's stock valued at $33,000 after purchasing an additional 74 shares in the last quarter. Delos Wealth Advisors LLC grew its holdings in shares of Meta Platforms by 527.3% in the 1st quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company's stock worth $34,000 after purchasing an additional 58 shares during the last quarter. POM Investment Strategies LLC acquired a new stake in shares of Meta Platforms during the 2nd quarter worth about $38,000. Finally, Ruedi Wealth Management Inc. lifted its holdings in Meta Platforms by 122.2% during the 2nd quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company's stock valued at $40,000 after purchasing an additional 44 shares during the last quarter. 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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