Meta Platforms (NASDAQ:META) Insider Jennifer Newstead Sells 519 Shares

Key Points

  • Jennifer Newstead sold 519 shares on December 9 at an average price of $664.16 for a total of $344,699.04, leaving her with 30,215 shares (about $20.07M), a 1.69% reduction in her stake.
  • This sale is part of a steady pattern of disposals — she sold multiple similar-sized blocks (mostly 519 shares) from late September through early December, signaling ongoing insider selling.
  • Separately, Meta reported a strong quarter (EPS of $7.25 vs. $6.74 expected; revenue $51.24B, +26.2% YoY) and announced a quarterly dividend of $0.525 (annualized $2.10, ~0.3% yield).

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) insider Jennifer Newstead sold 519 shares of the company's stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $664.16, for a total transaction of $344,699.04. Following the transaction, the insider directly owned 30,215 shares of the company's stock, valued at approximately $20,067,594.40. This trade represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Jennifer Newstead also recently made the following trade(s):

  • On Tuesday, December 2nd, Jennifer Newstead sold 519 shares of Meta Platforms stock. The shares were sold at an average price of $642.22, for a total value of $333,312.18.
  • 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 stock was sold at an average price of $591.60, for a total value 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 value of $325,596.00.
  • On Tuesday, November 4th, Jennifer Newstead sold 519 shares of Meta Platforms stock. The shares were 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 stock was 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 shares were sold at an average price of $736.37, for a total transaction of $382,176.03.
  • On Tuesday, October 14th, Jennifer Newstead sold 519 shares of Meta Platforms stock. The stock was 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 stock was sold at an average price of $716.98, for a total transaction 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 transaction of $384,838.50.

Meta Platforms Price Performance




META stock opened at $652.71 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The firm has a 50-day moving average of $667.24 and a 200 day moving average of $706.67. The company has a market cap of $1.65 trillion, a P/E ratio of 28.83, a PEG ratio of 1.36 and a beta of 1.28.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, beating 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 business had revenue of $51.24 billion for the quarter, compared to analysts' expectations of $49.34 billion. During the same period in the previous year, the firm posted $6.03 EPS. The business's revenue was up 26.2% on a year-over-year basis. On average, sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Monday, December 15th will be issued a $0.525 dividend. The ex-dividend date is Monday, December 15th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms's dividend payout ratio is 9.28%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on META shares. Weiss Ratings reissued a "buy (b)" rating on shares of Meta Platforms in a research report on Monday. Oppenheimer cut shares of Meta Platforms from an "outperform" rating to a "market perform" rating in a research report on Thursday, October 30th. KeyCorp dropped their price objective on shares of Meta Platforms from $905.00 to $875.00 and set an "overweight" rating on the stock in a research note on Thursday, October 30th. Wedbush reaffirmed an "outperform" rating and set a $920.00 target price on shares of Meta Platforms in a research note on Thursday, October 30th. Finally, Monness Crespi & Hardt lowered their target price on shares of Meta Platforms from $860.00 to $808.00 and set a "buy" rating for the company in a report on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $819.46.

Get Our Latest Stock Analysis on META

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Westchester Capital Management Inc. bought a new stake in shares of Meta Platforms in the third quarter worth $26,000. Bare Financial Services Inc purchased a new position in Meta Platforms in the second quarter worth about $30,000. Evergreen Private Wealth LLC grew its stake in shares of Meta Platforms by 237.5% during the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock valued at $40,000 after purchasing an additional 38 shares during the period. Briaud Financial Planning Inc purchased a new stake in shares of Meta Platforms during the 2nd quarter valued at about $42,000. Finally, Knuff & Co LLC bought a new position in shares of Meta Platforms in the 2nd quarter worth approximately $44,000. Institutional investors 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.

See Also

Insider Buying and Selling by Quarter for Meta Platforms (NASDAQ:META)

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