Meta Platforms, Inc. (NASDAQ:META - Get Free Report) insider Jennifer Newstead sold 585 shares of Meta Platforms stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $505.29, for a total transaction of $295,594.65. Following the transaction, the insider now directly owns 39,568 shares in the company, valued at $19,993,314.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Jennifer Newstead also recently made the following trade(s):
- On Tuesday, March 19th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The shares were sold at an average price of $488.50, for a total value of $285,772.50.
- On Tuesday, March 12th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The shares were sold at an average price of $493.75, for a total value of $288,843.75.
- On Tuesday, March 5th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The stock was sold at an average price of $495.00, for a total value of $289,575.00.
- On Tuesday, February 27th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The shares were sold at an average price of $480.00, for a total transaction of $280,800.00.
- On Tuesday, February 20th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The stock was sold at an average price of $469.88, for a total transaction of $274,879.80.
- On Tuesday, February 6th, Jennifer Newstead sold 552 shares of Meta Platforms stock. The stock was sold at an average price of $464.00, for a total transaction of $256,128.00.
- On Tuesday, January 30th, Jennifer Newstead sold 566 shares of Meta Platforms stock. The shares were sold at an average price of $404.00, for a total value of $228,664.00.
- On Tuesday, January 23rd, Jennifer Newstead sold 566 shares of Meta Platforms stock. The shares were sold at an average price of $385.00, for a total value of $217,910.00.
- On Tuesday, January 16th, Jennifer Newstead sold 566 shares of Meta Platforms stock. The shares were sold at an average price of $373.58, for a total transaction of $211,446.28.
- On Tuesday, January 9th, Jennifer Newstead sold 566 shares of Meta Platforms stock. The shares were sold at an average price of $356.40, for a total value of $201,722.40.
Meta Platforms Price Performance
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Meta Platforms stock opened at $493.86 on Thursday. The stock's 50 day moving average price is $464.84 and its two-hundred day moving average price is $375.30. The stock has a market capitalization of $1.26 trillion, a price-to-earnings ratio of 33.14, a PEG ratio of 1.28 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.67. Meta Platforms, Inc. has a 52-week low of $197.90 and a 52-week high of $523.57.
Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, topping analysts' consensus estimates of $4.82 by $0.51. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The business had revenue of $40.11 billion during the quarter, compared to analysts' expectations of $39.12 billion. During the same period last year, the company posted $3.00 earnings per share. The business's quarterly revenue was up 24.7% on a year-over-year basis. On average, equities analysts predict that Meta Platforms, Inc. will post 19.94 earnings per share for the current year.
Meta Platforms Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Wednesday, February 21st. Meta Platforms's payout ratio is currently 13.42%.
Wall Street Analyst Weigh In
META has been the topic of a number of recent analyst reports. Robert W. Baird boosted their target price on shares of Meta Platforms from $385.00 to $525.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. Wedbush lifted their price target on Meta Platforms from $420.00 to $520.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. Wolfe Research lifted their target price on Meta Platforms from $430.00 to $530.00 and gave the stock an "outperform" rating in a research note on Friday, February 2nd. Citigroup upped their price objective on shares of Meta Platforms from $440.00 to $525.00 and gave the company a "buy" rating in a report on Friday, February 2nd. Finally, BMO Capital Markets lifted their target price on shares of Meta Platforms from $397.00 to $450.00 and gave the stock a "market perform" rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $496.35.
Check Out Our Latest Report on META
Institutional Trading of Meta Platforms
Hedge funds and other institutional investors have recently bought and sold shares of the business. HighPoint Advisor Group LLC acquired a new position in shares of Meta Platforms during the fourth quarter valued at about $15,283,000. Fairman Group LLC acquired a new position in Meta Platforms during the 4th quarter valued at about $403,000. Ariston Services Group acquired a new position in Meta Platforms during the 4th quarter valued at about $207,000. Warren Street Wealth Advisors LLC raised its stake in shares of Meta Platforms by 4.9% in the fourth quarter. Warren Street Wealth Advisors LLC now owns 2,069 shares of the social networking company's stock worth $732,000 after purchasing an additional 97 shares during the last quarter. Finally, Accent Capital Management LLC purchased a new stake in Meta Platforms in the 4th quarter valued at $6,528,000. Institutional investors 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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