Meta Platforms (NASDAQ:META) Director Sells $317,162.16 in Stock

June 4, 2026 by InsiderTrades.com

Key Points

Meta director Robert Kimmitt sold 504 shares for about $317,162 at an average price of $629.29, cutting his stake by 11.33%. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
Meta reported strong quarterly results, posting $10.44 in earnings per share versus the $6.67 consensus estimate and revenue of $56.31 billion, up 33.1% year over year. The company also has a market cap of about $1.58 trillion.
The company announced a quarterly dividend of $0.525 per share, payable June 25, with an annualized yield of about 0.3%. Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average target price of $840.60.

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) Director Robert Kimmitt sold 504 shares of the company's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $629.29, for a total transaction of $317,162.16. Following the completion of the transaction, the director owned 3,943 shares of the company's stock, valued at approximately $2,481,290.47. This trade represents a 11.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Meta Platforms Trading Up 4.2%

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Shares of Meta Platforms stock opened at $622.98 on Thursday. The firm has a 50-day simple moving average of $618.18 and a two-hundred day simple moving average of $636.74. The company has a market cap of $1.58 trillion, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 1.06 and a beta of 1.23. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $796.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping analysts' consensus estimates of $6.67 by $3.77. The business had revenue of $56.31 billion during the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The company's revenue was up 33.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.43 earnings per share. As a group, equities analysts predict that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

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The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, June 15th. Meta Platforms's dividend payout ratio is presently 7.63%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on META. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Meta Platforms in a research note on Friday, March 27th. Stifel Nicolaus reduced their price target on shares of Meta Platforms from $805.00 to $780.00 and set a "buy" rating for the company in a research report on Friday, May 1st. Wolfe Research reduced their price target on shares of Meta Platforms from $850.00 to $800.00 and set an "outperform" rating for the company in a research report on Friday, April 10th. TD Cowen reduced their price target on shares of Meta Platforms from $820.00 to $800.00 and set a "buy" rating for the company in a research report on Thursday, April 30th. Finally, Guggenheim reduced their price target on shares of Meta Platforms from $850.00 to $800.00 and set a "buy" rating for the company in a research report on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Meta Platforms currently has a consensus rating of "Moderate Buy" and an average target price of $840.60.

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Key Headlines Impacting Meta Platforms

Here are the key news stories impacting Meta Platforms this week:

Positive Sentiment: Meta is pushing deeper into enterprise AI with a new Meta Business Agent for WhatsApp, Messenger, and Instagram, aimed at helping companies handle customer inquiries, recommendations, and bookings. Investors may see this as a new revenue stream beyond ads. Reuters article
Positive Sentiment: Meta also won a legal boost in Europe, with courts backing parts of its challenge to EU tech rules tied to Facebook Marketplace. That reduces some regulatory pressure and removes a potential overhang. Reuters article
Positive Sentiment: Several analysts remain constructive, with one firm upgrading Meta to strong-buy and others reiterating bullish views after the company’s commerce expansion and AI push. Finviz reference
Neutral Sentiment: Meta is being highlighted in broader AI-stock coverage as a cheaper-looking way to play the AI boom, which may keep buying interest elevated but is not a company-specific catalyst. Article reference
Neutral Sentiment: Meta’s shares also received attention after a notable insider sale by the COO and a director, though the trades were made under pre-arranged plans and do not necessarily signal a change in fundamentals. SEC filing
Negative Sentiment: Meta’s AI rollout has reportedly been delayed again, with the Muse Spark developer API still without a launch date. That raises concerns about how quickly Meta can monetize its heavy AI investment. Reuters article
Negative Sentiment: A high-profile security lapse involving Meta’s AI chatbot, which was tricked into helping attackers access Instagram accounts, spotlighted risks around automation and could weigh on investor confidence. Reuters article
Negative Sentiment: Meta is also fighting Australia’s proposed news-payment rules, a policy dispute that could create additional legal and regulatory uncertainty. Reuters article

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in META. Westchester Capital Management Inc. acquired a new stake in Meta Platforms in the 3rd quarter valued at about $26,000. RHL Group LLC acquired a new stake in Meta Platforms in the 4th quarter valued at about $28,000. Strategic Wealth Advisors LLC acquired a new stake in Meta Platforms in the 4th quarter valued at about $29,000. Niles Investment Management LLC acquired a new stake in Meta Platforms in the 4th quarter valued at about $29,000. Finally, Axiom Investment Management LLC acquired a new stake in Meta Platforms in the 1st quarter valued at about $36,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Company Profile

(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.