Meta Platforms, Inc. (NASDAQ:META) Insider Jennifer Newstead Sells 905 Shares

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) insider Jennifer Newstead sold 905 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $476.69, for a total value of $431,404.45. Following the sale, the insider now owns 42,370 shares of the company’s stock, valued at $20,197,355.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Tuesday, May 21st, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $467.57, for a total value of $423,150.85.
  • On Tuesday, May 7th, Jennifer Newstead sold 576 shares of Meta Platforms stock. The shares were sold at an average price of $466.33, for a total transaction of $268,606.08.
  • On Tuesday, April 30th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The stock was sold at an average price of $431.05, for a total transaction of $252,164.25.
  • On Tuesday, April 23rd, Jennifer Newstead sold 585 shares of Meta Platforms stock. The shares were sold at an average price of $491.25, for a total transaction of $287,381.25.
  • On Tuesday, April 16th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The stock was sold at an average price of $498.59, for a total transaction of $291,675.15.
  • On Tuesday, April 9th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The shares were sold at an average price of $522.00, for a total value of $305,370.00.
  • On Tuesday, April 2nd, Jennifer Newstead sold 585 shares of Meta Platforms stock. The stock was sold at an average price of $485.00, for a total value of $283,725.00.
  • On Tuesday, March 26th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The shares were sold at an average price of $505.29, for a total value of $295,594.65.
  • On Tuesday, March 19th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The stock was sold at an average price of $488.50, for a total value of $285,772.50.
  • On Tuesday, March 12th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The stock was sold at an average price of $493.75, for a total transaction of $288,843.75.

Meta Platforms Stock Performance

Shares of META opened at $467.05 on Friday. The firm has a market capitalization of $1.18 trillion, a PE ratio of 26.83, a P/E/G ratio of 1.23 and a beta of 1.21. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $481.93 and a 200 day moving average price of $429.53. Meta Platforms, Inc. has a 52-week low of $258.45 and a 52-week high of $531.49.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The business had revenue of $36.46 billion for the quarter, compared to analyst estimates of $36.28 billion. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 20.19 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Friday, June 14th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.43%. Meta Platforms’s dividend payout ratio is presently 11.49%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on META shares. Royal Bank of Canada dropped their price target on shares of Meta Platforms from $600.00 to $570.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Bank of America boosted their price target on Meta Platforms from $425.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Roth Mkm lifted their price objective on Meta Platforms from $500.00 to $510.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Canaccord Genuity Group increased their target price on Meta Platforms from $450.00 to $540.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Sanford C. Bernstein decreased their price target on shares of Meta Platforms from $590.00 to $565.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $509.80.

Check Out Our Latest Report on Meta Platforms

Institutional Trading of Meta Platforms

Several institutional investors have recently modified their holdings of the company. Cambridge Trust Co. raised its holdings in shares of Meta Platforms by 24.5% in the 1st quarter. Cambridge Trust Co. now owns 64,079 shares of the social networking company’s stock worth $31,115,000 after purchasing an additional 12,604 shares in the last quarter. Motiv8 Investments LLC grew its holdings in shares of Meta Platforms by 15.7% in the 1st quarter. Motiv8 Investments LLC now owns 1,611 shares of the social networking company’s stock worth $782,000 after acquiring an additional 219 shares during the last quarter. Peninsula Wealth LLC raised its position in shares of Meta Platforms by 1.2% during the first quarter. Peninsula Wealth LLC now owns 2,611 shares of the social networking company’s stock worth $1,268,000 after purchasing an additional 30 shares during the period. Spear Holdings RSC Ltd purchased a new stake in shares of Meta Platforms during the first quarter valued at $82,549,000. Finally, Instrumental Wealth LLC boosted its position in shares of Meta Platforms by 13.5% in the 1st quarter. Instrumental Wealth LLC now owns 1,051 shares of the social networking company’s stock valued at $504,000 after purchasing an additional 125 shares during the period. Institutional investors and hedge funds 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.

Further Reading

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

Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.