Meta Platforms, Inc. (NASDAQ:META - Get Free Report) insider Jennifer Newstead sold 519 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $636.72, for a total transaction of $330,457.68. Following the sale, the insider now owns 31,259 shares of the company's stock, valued at $19,903,230.48. The trade was a 1.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Jennifer Newstead also recently made the following trade(s):
- On Tuesday, May 13th, Jennifer Newstead sold 907 shares of Meta Platforms stock. The shares were sold at an average price of $645.77, for a total transaction of $585,713.39.
- On Tuesday, May 6th, Jennifer Newstead sold 921 shares of Meta Platforms stock. The shares were sold at an average price of $592.52, for a total transaction of $545,710.92.
- On Tuesday, April 29th, Jennifer Newstead sold 921 shares of Meta Platforms stock. The shares were sold at an average price of $545.17, for a total transaction of $502,101.57.
- On Tuesday, April 22nd, Jennifer Newstead sold 921 shares of Meta Platforms stock. The shares were sold at an average price of $491.87, for a total transaction of $453,012.27.
- On Tuesday, April 15th, Jennifer Newstead sold 921 shares of Meta Platforms stock. The shares were 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 shares were 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 shares were sold at an average price of $627.05, for a total transaction 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 transaction 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.
Meta Platforms Stock Up 0.0%
NASDAQ META opened at $640.43 on Tuesday. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16. Meta Platforms, Inc. has a 1-year low of $442.65 and a 1-year high of $740.91. The company has a 50 day moving average of $571.79 and a 200-day moving average of $607.61. The company has a market cap of $1.61 trillion, a price-to-earnings ratio of 26.77, a PEG ratio of 1.42 and a beta of 1.24.
Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The social networking company reported $6.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.33 by $1.10. The business had revenue of $42.31 billion for the quarter, compared to analysts' expectations of $41.45 billion. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. The firm's quarterly revenue was up 16.1% compared to the same quarter last year. During the same period last year, the firm posted $4.71 earnings per share. On average, equities research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on META. Benchmark lowered their target price on Meta Platforms from $820.00 to $640.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Tigress Financial reiterated a "strong-buy" rating on shares of Meta Platforms in a report on Tuesday, February 11th. TD Securities lowered their target price on Meta Platforms from $725.00 to $700.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Jefferies Financial Group lowered their target price on Meta Platforms from $725.00 to $600.00 and set a "buy" rating for the company in a report on Monday, April 7th. Finally, Mizuho increased their target price on Meta Platforms from $675.00 to $750.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $701.05.
View Our Latest Research Report on META
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. Valley Financial Group Inc. increased its stake in Meta Platforms by 2.4% in the fourth quarter. Valley Financial Group Inc. now owns 588 shares of the social networking company's stock valued at $344,000 after acquiring an additional 14 shares during the last quarter. Lantern Wealth Advisors LLC increased its stake in Meta Platforms by 0.5% in the fourth quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock valued at $1,743,000 after acquiring an additional 14 shares during the last quarter. Seelaus Asset Management LLC increased its stake in Meta Platforms by 0.9% in the fourth quarter. Seelaus Asset Management LLC now owns 1,640 shares of the social networking company's stock valued at $960,000 after acquiring an additional 15 shares during the last quarter. Meredith Wealth Planning increased its stake in Meta Platforms by 0.8% in the fourth quarter. Meredith Wealth Planning now owns 1,873 shares of the social networking company's stock valued at $1,097,000 after acquiring an additional 15 shares during the last quarter. Finally, Maiden Cove Capital LLC increased its stake in Meta Platforms by 3.2% in the fourth quarter. Maiden Cove Capital LLC now owns 481 shares of the social networking company's stock valued at $282,000 after acquiring an additional 15 shares during the last quarter. 79.91% of the stock is owned by institutional investors.
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.
Further Reading
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