Meta Platforms, Inc. (NASDAQ:META - Get Free Report) insider Jennifer Newstead sold 921 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $570.66, for a total value of $525,577.86. Following the sale, the insider now owns 30,261 shares in the company, valued at approximately $17,268,742.26. This represents a 2.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Jennifer Newstead also recently made the following trade(s):
- On Tuesday, March 25th, Jennifer Newstead sold 921 shares of Meta Platforms stock. The stock was sold at an average price of $627.05, for a total value of $577,513.05.
- On Tuesday, March 18th, Jennifer Newstead sold 921 shares of Meta Platforms stock. The shares were sold at an average price of $600.25, for a total value of $552,830.25.
- On Tuesday, March 11th, Jennifer Newstead sold 921 shares of Meta Platforms stock. The shares were sold at an average price of $595.00, for a total transaction of $547,995.00.
- On Tuesday, March 4th, Jennifer Newstead sold 921 shares of Meta Platforms stock. The stock was sold at an average price of $644.00, for a total transaction of $593,124.00.
- On Tuesday, February 25th, Jennifer Newstead sold 921 shares of Meta Platforms stock. The shares were sold at an average price of $665.75, for a total transaction of $613,155.75.
- On Tuesday, February 18th, Jennifer Newstead sold 921 shares of Meta Platforms stock. The stock was sold at an average price of $736.07, for a total value of $677,920.47.
- On Tuesday, February 11th, Jennifer Newstead sold 902 shares of Meta Platforms stock. The stock was sold at an average price of $713.32, for a total value of $643,414.64.
- On Tuesday, February 4th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were sold at an average price of $702.24, for a total value of $635,527.20.
- On Tuesday, January 28th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were sold at an average price of $666.00, for a total transaction of $602,730.00.
- On Tuesday, January 21st, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $618.00, for a total transaction of $559,290.00.
Meta Platforms Price Performance
Shares of NASDAQ META opened at $531.62 on Friday. The company has a 50 day simple moving average of $651.00 and a two-hundred day simple moving average of $609.95. Meta Platforms, Inc. has a fifty-two week low of $414.50 and a fifty-two week high of $740.91. The company has a market capitalization of $1.35 trillion, a price-to-earnings ratio of 22.22, a P/E/G ratio of 1.42 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98.
Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating analysts' consensus estimates of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same quarter last year, the firm posted $5.33 earnings per share. Analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.
Meta Platforms Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Meta Platforms's previous quarterly dividend of $0.50. Meta Platforms's payout ratio is currently 8.78%.
Institutional Trading of Meta Platforms
Several institutional investors have recently bought and sold shares of the company. JDM Financial Group LLC bought a new stake in shares of Meta Platforms during the third quarter valued at approximately $30,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Meta Platforms in the 3rd quarter worth $36,000. Millstone Evans Group LLC purchased a new position in shares of Meta Platforms in the fourth quarter worth $40,000. Avondale Wealth Management bought a new position in shares of Meta Platforms during the fourth quarter valued at $41,000. Finally, WealthTrak Capital Management LLC bought a new stake in Meta Platforms in the 4th quarter worth about $43,000. 79.91% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Meta Platforms from $660.00 to $725.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Cantor Fitzgerald restated an "overweight" rating and issued a $790.00 price objective on shares of Meta Platforms in a report on Wednesday. Robert W. Baird increased their target price on shares of Meta Platforms from $680.00 to $750.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Pivotal Research lifted their target price on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Finally, Morgan Stanley upped their price target on shares of Meta Platforms from $600.00 to $660.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $718.55.
View Our Latest Research 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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
