Key Points
- Jennifer Newstead, a Meta insider, sold 519 shares on Dec. 2 at an average price of $642.22 for ~$333,312, leaving her with 30,734 shares (a 1.66% ownership decrease) — part of a string of regular sales dating back to September.
- Meta last reported a quarterly beat with EPS $7.25 (vs. $6.74 est.) and revenue of $51.24 billion, up 26.2% year-over-year, supporting strong profitability metrics (ROE 39.35%, net margin 30.89%).
- The company declared a quarterly dividend of $0.525 (annualized $2.10) payable Dec. 23 with an ex-dividend date of Dec. 15, implying a ~0.3% yield.
Meta Platforms, Inc. (NASDAQ:META - Get Free Report) insider Jennifer Newstead sold 519 shares of the business's stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $642.22, for a total value of $333,312.18. Following the sale, the insider owned 30,734 shares in the company, valued at approximately $19,737,989.48. This trade represents a 1.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Jennifer Newstead also recently made the following trade(s):
- On Tuesday, November 25th, Jennifer Newstead sold 519 shares of Meta Platforms stock. The shares were sold at an average price of $624.14, for a total value of $323,928.66.
- On Tuesday, November 18th, Jennifer Newstead sold 519 shares of Meta Platforms stock. The shares were sold at an average price of $591.60, for a total transaction of $307,040.40.
- On Monday, November 10th, Jennifer Newstead sold 516 shares of Meta Platforms stock. The shares were sold at an average price of $631.00, for a total transaction of $325,596.00.
- On Tuesday, November 4th, Jennifer Newstead sold 519 shares of Meta Platforms stock. The stock was sold at an average price of $628.00, for a total value of $325,932.00.
- On Tuesday, October 28th, Jennifer Newstead sold 519 shares of Meta Platforms stock. The shares were sold at an average price of $753.00, for a total value of $390,807.00.
- On Tuesday, October 21st, Jennifer Newstead sold 519 shares of Meta Platforms stock. The stock was sold at an average price of $736.37, for a total value of $382,176.03.
- On Tuesday, October 14th, Jennifer Newstead sold 519 shares of Meta Platforms stock. The shares were sold at an average price of $707.85, for a total transaction of $367,374.15.
- On Tuesday, October 7th, Jennifer Newstead sold 519 shares of Meta Platforms stock. The shares were sold at an average price of $716.98, for a total value of $372,112.62.
- On Tuesday, September 30th, Jennifer Newstead sold 519 shares of Meta Platforms stock. The shares were sold at an average price of $741.50, for a total value of $384,838.50.
- On Tuesday, September 23rd, Jennifer Newstead sold 519 shares of Meta Platforms stock. The shares were sold at an average price of $769.20, for a total value of $399,214.80.
Meta Platforms Stock Up 0.9%
Meta Platforms stock traded up $5.90 during midday trading on Friday, hitting $667.43. 2,880,434 shares of the stock were exchanged, compared to its average volume of 15,481,555. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.68 trillion, a price-to-earnings ratio of 29.44, a price-to-earnings-growth ratio of 1.34 and a beta of 1.28. The business's 50-day moving average price is $674.56 and its 200-day moving average price is $705.81. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25.
Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping the consensus estimate of $6.74 by $0.51. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The company had revenue of $51.24 billion during the quarter, compared to the consensus estimate of $49.34 billion. During the same quarter in the prior year, the company earned $6.03 EPS. The firm's quarterly revenue was up 26.2% compared to the same quarter last year. On average, research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.
Meta Platforms Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Monday, December 15th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, December 15th. Meta Platforms's payout ratio is currently 9.28%.
Analyst Ratings Changes
Several analysts have recently weighed in on META shares. Needham & Company LLC restated a "hold" rating on shares of Meta Platforms in a research report on Thursday, October 30th. Arete raised Meta Platforms from a "neutral" rating to a "buy" rating and set a $718.00 target price for the company in a research note on Thursday. Arete Research set a $718.00 target price on shares of Meta Platforms in a research report on Thursday. Citizens Jmp reaffirmed an "outperform" rating and set a $900.00 price objective (up from $750.00) on shares of Meta Platforms in a research note on Monday, November 24th. Finally, Wells Fargo & Company dropped their target price on Meta Platforms from $837.00 to $802.00 and set an "overweight" rating for the company in a report on Thursday, October 30th. Five analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Meta Platforms has an average rating of "Moderate Buy" and a consensus target price of $819.43.
Get Our Latest Research Report on META
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Meta Platforms by 0.8% in the second quarter. Vanguard Group Inc. now owns 192,591,101 shares of the social networking company's stock valued at $142,149,566,000 after acquiring an additional 1,532,568 shares during the period. State Street Corp grew its position in Meta Platforms by 1.9% during the second quarter. State Street Corp now owns 86,925,674 shares of the social networking company's stock valued at $64,158,971,000 after buying an additional 1,650,435 shares during the period. Kingstone Capital Partners Texas LLC increased its holdings in Meta Platforms by 608,429.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company's stock valued at $44,119,937,000 after buying an additional 59,766,000 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Meta Platforms by 1.3% during the 2nd quarter. Geode Capital Management LLC now owns 51,575,209 shares of the social networking company's stock worth $37,902,948,000 after acquiring an additional 682,768 shares during the last quarter. Finally, Capital World Investors grew its position in shares of Meta Platforms by 0.7% during the 3rd quarter. Capital World Investors now owns 39,247,690 shares of the social networking company's stock valued at $28,823,375,000 after acquiring an additional 278,180 shares during the period. 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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