Key Points
- Director Robert Kimmitt sold 600 shares on November 17 at an average price of $609.35 for a total of $365,610, trimming his position by 7.55% to 7,347 shares (≈$4.48M).
- Meta beat expectations last quarter with EPS of $7.25 vs. $6.74 expected and revenue of $51.24B (vs. $49.34B), a 26.2% year-over-year revenue increase and ~30.9% net margin.
- Analysts give Meta a consensus of "Moderate Buy" with an average price target of $825.05 (majority of ratings are Buy/Strong Buy across firms).
Meta Platforms, Inc. (NASDAQ:META - Get Free Report) Director Robert Kimmitt sold 600 shares of the firm's stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $609.35, for a total transaction of $365,610.00. Following the sale, the director directly owned 7,347 shares in the company, valued at approximately $4,476,894.45. The trade was a 7.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Meta Platforms Stock Up 2.1%
META opened at $602.65 on Thursday. The stock has a market capitalization of $1.52 trillion, a price-to-earnings ratio of 26.64, a PEG ratio of 1.25 and a beta of 1.20. The firm has a 50 day moving average price of $704.12 and a 200-day moving average price of $705.68. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15.
Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The company had revenue of $51.24 billion for the quarter, compared to analysts' expectations of $49.34 billion. During the same quarter last year, the company posted $6.03 earnings per share. The firm's quarterly revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. Equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.
Meta Platforms Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were issued a $0.525 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms's payout ratio is presently 9.28%.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Benchmark cut Meta Platforms from a "buy" rating to a "hold" rating in a research report on Thursday, October 30th. Scotiabank boosted their price target on Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. HSBC upgraded shares of Meta Platforms from a "hold" rating to a "buy" rating and increased their price objective for the stock from $610.00 to $900.00 in a research note on Thursday, July 31st. Needham & Company LLC reissued a "hold" rating on shares of Meta Platforms in a report on Thursday, October 30th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Meta Platforms in a research report on Thursday, November 13th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $825.05.
Check Out Our Latest Report on META
Institutional Trading of Meta Platforms
A number of large investors have recently made changes to their positions in META. Westchester Capital Management Inc. purchased a new position in Meta Platforms during the 3rd quarter worth approximately $26,000. Bare Financial Services Inc purchased a new stake in shares of Meta Platforms in the 2nd quarter valued at $30,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms in the first quarter worth $33,000. Evergreen Private Wealth LLC increased its stake in shares of Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock worth $40,000 after acquiring an additional 38 shares during the period. Finally, Briaud Financial Planning Inc purchased a new position in shares of Meta Platforms during the second quarter worth $42,000. 79.91% of the stock is currently 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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