Meta Platforms, Inc. (NASDAQ:META - Get Free Report) insider Jennifer Newstead sold 921 shares of the company's stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $491.87, for a total value of $453,012.27. Following the completion of the transaction, the insider now owns 27,498 shares of the company's stock, valued at $13,525,441.26. The trade was a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Jennifer Newstead also recently made the following trade(s):
- On Tuesday, April 15th, Jennifer Newstead sold 921 shares of Meta Platforms stock. The stock was sold at an average price of $531.22, for a total transaction of $489,253.62.
- On Tuesday, April 8th, Jennifer Newstead sold 921 shares of Meta Platforms stock. The shares were sold at an average price of $543.39, for a total transaction of $500,462.19.
- On Tuesday, April 1st, Jennifer Newstead sold 921 shares of Meta Platforms stock. The stock was sold at an average price of $570.66, for a total transaction of $525,577.86.
- 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 stock was sold at an average price of $595.00, for a total value of $547,995.00.
- On Tuesday, March 4th, Jennifer Newstead sold 921 shares of Meta Platforms stock. The shares were 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 transaction of $677,920.47.
- On Tuesday, February 11th, Jennifer Newstead sold 902 shares of Meta Platforms stock. The shares were sold at an average price of $713.32, for a total transaction of $643,414.64.
Meta Platforms Price Performance
Shares of META opened at $533.15 on Friday. The firm has a market capitalization of $1.35 trillion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 1.42 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. The company's fifty day moving average price is $590.37 and its 200-day moving average price is $604.75. Meta Platforms, Inc. has a 1-year low of $414.50 and a 1-year high of $740.91.
Meta Platforms (NASDAQ:META - Get Free Report) last announced 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 period last year, the firm earned $5.33 EPS. On average, equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.
Meta Platforms Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.39%. This is a boost from Meta Platforms's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, March 14th. Meta Platforms's payout ratio is presently 8.78%.
Analysts Set New Price Targets
META has been the topic of a number of recent research reports. Mizuho upped their price objective on Meta Platforms from $675.00 to $750.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. UBS Group lowered their price target on Meta Platforms from $786.00 to $650.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Cantor Fitzgerald cut their price objective on shares of Meta Platforms from $790.00 to $624.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Wolfe Research raised their target price on shares of Meta Platforms from $670.00 to $730.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Finally, Morgan Stanley cut their price target on shares of Meta Platforms from $660.00 to $615.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus price target of $676.55.
View Our Latest Analysis on META
Institutional Trading of Meta Platforms
A number of hedge funds and other institutional investors have recently made changes to their positions in META. Inlight Wealth Management LLC acquired a new stake in Meta Platforms during the 1st quarter worth about $25,000. Millstone Evans Group LLC acquired a new stake in Meta Platforms during the fourth quarter worth about $40,000. Avondale Wealth Management purchased a new position in Meta Platforms during the fourth quarter valued at approximately $41,000. WealthTrak Capital Management LLC acquired a new position in Meta Platforms in the fourth quarter valued at approximately $43,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Meta Platforms in the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 79.91% of the company's stock.
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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