Key Points
- Robert Kimmitt, a Meta director, sold 580 shares on January 15 at an average price of $618.28, totaling about $358,602, per an SEC filing.
- The trade cut his position by 9.40%; he still directly owns 5,587 shares valued at roughly $3.45 million.
- For context, Meta recently beat quarterly expectations with $7.25 EPS and $51.24 billion revenue (up 26.2% YoY), trades at about a $1.52 trillion market cap, and has a consensus price target near $821.07.
Meta Platforms, Inc. (NASDAQ:META - Get Free Report) Director Robert Kimmitt sold 580 shares of the company's stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $618.28, for a total value of $358,602.40. Following the transaction, the director directly owned 5,587 shares of the company's stock, valued at $3,454,330.36. The trade was a 9.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Meta Platforms Price Performance
META opened at $604.12 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a market capitalization of $1.52 trillion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 1.22 and a beta of 1.29. The stock's 50 day moving average price is $640.33 and its 200-day moving average price is $698.52. 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 released its quarterly earnings results 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 net margin of 30.89% and a return on equity of 39.35%. The business had revenue of $51.24 billion for the quarter, compared to analysts' expectations of $49.34 billion. During the same quarter in the previous year, the business posted $6.03 earnings per share. The firm's revenue for the quarter was up 26.2% compared to the same quarter last year. On average, equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.
Meta Platforms Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 15th were 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 was Monday, December 15th. Meta Platforms's dividend payout ratio is presently 9.28%.
Analyst Ratings Changes
META has been the subject of several research reports. Sanford C. Bernstein reissued an "outperform" rating and issued a $870.00 target price (down previously from $900.00) on shares of Meta Platforms in a research report on Thursday, October 30th. Benchmark lowered Meta Platforms from a "buy" rating to a "hold" rating in a research report on Thursday, October 30th. KeyCorp reduced their target price on shares of Meta Platforms from $905.00 to $875.00 and set an "overweight" rating on the stock in a research report on Thursday, October 30th. Bank of America decreased their price target on shares of Meta Platforms from $900.00 to $810.00 and set a "buy" rating for the company in a research note on Thursday, October 30th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $1,117.00 price objective on shares of Meta Platforms in a research note on Wednesday, January 14th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Meta Platforms currently has an average rating of "Moderate Buy" and a consensus price target of $821.07.
View Our Latest Stock Report on META
Institutional Investors Weigh In On Meta Platforms
Several institutional investors and hedge funds have recently made changes to their positions in the company. Westchester Capital Management Inc. purchased a new stake in shares of Meta Platforms during the third quarter valued at $26,000. Bare Financial Services Inc bought a new position in Meta Platforms during the 2nd quarter valued at about $30,000. Evergreen Private Wealth LLC boosted its holdings 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 acquiring an additional 38 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in shares of Meta Platforms in the second quarter worth approximately $42,000. Finally, Knuff & Co LLC purchased a new position in shares of Meta Platforms during the second quarter valued at approximately $44,000. Institutional investors own 79.91% of the company's stock.
More Meta Platforms News
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Threads’ mobile daily users have reportedly passed X, indicating stronger engagement that could help ad monetization and user-growth narrative. Read More.
- Positive Sentiment: Instagram is shifting most ad inventory into Reels (over half of Instagram ads in 2025), supporting the company’s short‑form video monetization strategy. Read More.
About Meta Platforms
(
Get Free Report)
Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.
Meta's core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
