Insider Selling: Meta Platforms, Inc. (NASDAQ:META) Insider Sells 905 Shares of Stock

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) insider Jennifer Newstead sold 905 shares of the stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $533.95, for a total value of $483,224.75. Following the transaction, the insider now owns 36,940 shares of the company’s stock, valued at $19,724,113. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Tuesday, July 2nd, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were sold at an average price of $500.57, for a total value of $453,015.85.
  • On Tuesday, June 25th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were sold at an average price of $496.99, for a total value of $449,775.95.
  • On Tuesday, June 11th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were sold at an average price of $500.00, for a total value of $452,500.00.
  • On Tuesday, June 4th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were sold at an average price of $477.00, for a total value of $431,685.00.
  • On Tuesday, May 28th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were sold at an average price of $476.69, for a total value of $431,404.45.
  • On Tuesday, May 21st, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were 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 value of $268,606.08.
  • On Tuesday, April 30th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The shares were sold at an average price of $431.05, for a total value 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 value of $287,381.25.
  • On Tuesday, April 16th, Jennifer Newstead sold 585 shares of Meta Platforms stock. The shares were sold at an average price of $498.59, for a total value of $291,675.15.

Meta Platforms Stock Up 0.9 %

NASDAQ META traded up $4.69 during trading on Wednesday, reaching $534.69. 10,963,241 shares of the company’s stock were exchanged, compared to its average volume of 16,177,415. Meta Platforms, Inc. has a fifty-two week low of $274.38 and a fifty-two week high of $542.81. The firm has a market capitalization of $1.36 trillion, a PE ratio of 30.71, a P/E/G ratio of 1.37 and a beta of 1.21. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $490.20 and its 200-day simple moving average is $464.66.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. The firm had revenue of $36.46 billion during the quarter, compared to analyst estimates of $36.28 billion. Sell-side analysts predict that Meta Platforms, Inc. will post 20.15 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th were given a dividend of $0.50 per share. The ex-dividend date was Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.37%. Meta Platforms’s payout ratio is presently 11.49%.

Wall Street Analyst Weigh In

META has been the topic of several research reports. BMO Capital Markets reissued a “market perform” rating and set a $450.00 price target on shares of Meta Platforms in a research report on Wednesday, June 12th. Stifel Nicolaus increased their target price on Meta Platforms from $527.00 to $588.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Wedbush dropped their target price on Meta Platforms from $570.00 to $480.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Royal Bank of Canada dropped their target price on Meta Platforms from $600.00 to $570.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Finally, Roth Mkm increased their target price on Meta Platforms from $500.00 to $510.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus target price of $515.64.

View Our Latest Stock Report on Meta Platforms

Institutional Investors Weigh In On Meta Platforms

A number of institutional investors have recently bought and sold shares of the business. Fortitude Family Office LLC boosted its position in Meta Platforms by 24.2% during the 2nd quarter. Fortitude Family Office LLC now owns 735 shares of the social networking company’s stock worth $371,000 after acquiring an additional 143 shares during the period. Indiana Trust & Investment Management CO lifted its holdings in shares of Meta Platforms by 3.4% during the 2nd quarter. Indiana Trust & Investment Management CO now owns 8,315 shares of the social networking company’s stock valued at $4,193,000 after buying an additional 270 shares during the last quarter. Legacy Financial Strategies LLC lifted its holdings in shares of Meta Platforms by 11.7% during the 2nd quarter. Legacy Financial Strategies LLC now owns 1,520 shares of the social networking company’s stock valued at $775,000 after buying an additional 159 shares during the last quarter. Simplicity Wealth LLC lifted its holdings in shares of Meta Platforms by 3.0% during the 2nd quarter. Simplicity Wealth LLC now owns 70,496 shares of the social networking company’s stock valued at $35,546,000 after buying an additional 2,040 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of Meta Platforms by 5.3% during the 2nd quarter. Valeo Financial Advisors LLC now owns 79,135 shares of the social networking company’s stock valued at $39,901,000 after buying an additional 4,011 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

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

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