Meta Platforms, Inc. (NASDAQ:META - Get Free Report) insider Jennifer Newstead sold 585 shares of the firm's stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $522.00, for a total transaction of $305,370.00. Following the transaction, the insider now owns 38,398 shares of the company's stock, valued at $20,043,756. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Jennifer Newstead also recently made the following trade(s):
- On Tuesday, April 2nd, Jennifer Newstead sold 585 shares of Meta Platforms stock. The stock was sold at an average price of $485.00, for a total transaction of $283,725.00.
- On Tuesday, March 26th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The stock was sold at an average price of $505.29, for a total transaction of $295,594.65.
- On Tuesday, March 19th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The stock was sold at an average price of $488.50, for a total transaction of $285,772.50.
- On Tuesday, March 12th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The stock was sold at an average price of $493.75, for a total transaction 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 transaction of $289,575.00.
- On Tuesday, February 27th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The stock was 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 transaction 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 transaction of $217,910.00.
Meta Platforms Price Performance
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Shares of Meta Platforms stock opened at $523.16 on Friday. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.12. The company's 50-day moving average price is $490.71 and its two-hundred day moving average price is $390.44. Meta Platforms, Inc. has a 52 week low of $207.13 and a 52 week high of $531.49. The stock has a market cap of $1.33 trillion, a PE ratio of 35.11, a price-to-earnings-growth ratio of 1.33 and a beta of 1.20.
Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, topping the consensus estimate of $4.82 by $0.51. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The firm had revenue of $40.11 billion for the quarter, compared to analysts' expectations of $39.12 billion. During the same period in the previous year, the business earned $3.00 earnings per share. Meta Platforms's revenue for the quarter was up 24.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Meta Platforms, Inc. will post 20.03 EPS for the current fiscal year.
Meta Platforms Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 annualized dividend and a yield of 0.38%. Meta Platforms's payout ratio is presently 13.42%.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on META. The Goldman Sachs Group lifted their price target on shares of Meta Platforms from $414.00 to $500.00 and gave the company a "buy" rating in a research report on Friday, February 2nd. Royal Bank of Canada lifted their price target on shares of Meta Platforms from $400.00 to $565.00 and gave the company an "outperform" rating in a research report on Friday, February 2nd. Mizuho lifted their price target on shares of Meta Platforms from $470.00 to $575.00 and gave the company a "buy" rating in a research report on Friday, February 2nd. Wolfe Research lifted their price target on shares of Meta Platforms from $430.00 to $530.00 and gave the company an "outperform" rating in a research report on Friday, February 2nd. Finally, JMP Securities lifted their price objective on shares of Meta Platforms from $410.00 to $500.00 and gave the company an "outperform" rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Meta Platforms presently has an average rating of "Moderate Buy" and an average target price of $502.75.
View Our Latest Research Report on Meta Platforms
Institutional Trading of Meta Platforms
Institutional investors and hedge funds have recently bought and sold shares of the stock. Stone House Investment Management LLC raised its holdings in Meta Platforms by 625.0% during the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company's stock worth $26,000 after buying an additional 75 shares during the period. Quest Partners LLC acquired a new stake in Meta Platforms during the 4th quarter worth about $32,000. Clear Investment Research LLC raised its holdings in Meta Platforms by 411.1% during the 4th quarter. Clear Investment Research LLC now owns 92 shares of the social networking company's stock worth $33,000 after buying an additional 74 shares during the period. Gilfoyle & Co LLC acquired a new stake in Meta Platforms during the 4th quarter worth about $39,000. Finally, Cranbrook Wealth Management LLC increased its holdings in shares of Meta Platforms by 80.4% in the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company's stock valued at $36,000 after purchasing an additional 45 shares during the period. 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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