Meta Platforms, Inc. (NASDAQ:META - Get Free Report) insider Jennifer Newstead sold 902 shares of the business's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $713.32, for a total value of $643,414.64. Following the sale, the insider now owns 27,488 shares in the company, valued at $19,607,740.16. This represents a 3.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Jennifer Newstead also recently made the following trade(s):
- On Tuesday, February 4th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were sold at an average price of $702.24, for a total transaction of $635,527.20.
- On Tuesday, January 28th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $666.00, for a total transaction of $602,730.00.
- On Tuesday, January 21st, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were sold at an average price of $618.00, for a total transaction of $559,290.00.
- On Tuesday, January 14th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $604.54, for a total transaction of $547,108.70.
- On Tuesday, January 7th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $631.55, for a total value of $571,552.75.
- On Tuesday, December 31st, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were sold at an average price of $591.76, for a total value of $535,542.80.
- On Tuesday, December 24th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $602.47, for a total value of $545,235.35.
- On Tuesday, December 17th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were sold at an average price of $626.66, for a total transaction of $567,127.30.
- On Tuesday, December 10th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $618.00, for a total transaction of $559,290.00.
- On Tuesday, December 3rd, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $595.00, for a total transaction of $538,475.00.
Meta Platforms Stock Performance
NASDAQ META traded up $8.11 during trading hours on Friday, reaching $736.67. 16,880,644 shares of the company were exchanged, compared to its average volume of 16,161,075. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $1.87 trillion, a P/E ratio of 30.80, a P/E/G ratio of 1.46 and a beta of 1.20. Meta Platforms, Inc. has a 1 year low of $414.50 and a 1 year high of $740.91. The business's 50 day simple moving average is $638.73 and its 200-day simple moving average is $584.28.
Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same quarter last year, the company posted $5.33 earnings per share. On average, equities research analysts expect that Meta Platforms, Inc. will post 26.66 earnings per share for the current year.
Meta Platforms Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date is Friday, March 14th. This is a boost from Meta Platforms's previous quarterly dividend of $0.50. Meta Platforms's dividend payout ratio is currently 8.36%.
Wall Street Analyst Weigh In
A number of analysts have commented on META shares. Susquehanna upped their price target on shares of Meta Platforms from $675.00 to $800.00 and gave the company a "positive" rating in a research report on Thursday, January 30th. Oppenheimer upped their target price on Meta Platforms from $650.00 to $800.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Bank of America lifted their target price on Meta Platforms from $710.00 to $765.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Cantor Fitzgerald increased their price target on Meta Platforms from $720.00 to $790.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Finally, Hsbc Global Res upgraded shares of Meta Platforms to a "hold" rating in a research note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $717.90.
Read Our Latest Analysis on Meta Platforms
Institutional Investors Weigh In On Meta Platforms
Large investors have recently added to or reduced their stakes in the company. JDM Financial Group LLC purchased a new stake in shares of Meta Platforms during the third quarter worth $30,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Meta Platforms during the 3rd quarter valued at $36,000. Millstone Evans Group LLC purchased a new stake in Meta Platforms during the 4th quarter worth about $40,000. Avondale Wealth Management bought a new position in Meta Platforms in the 4th quarter worth about $41,000. Finally, WealthTrak Capital Management LLC bought a new position in Meta Platforms in the 4th quarter worth about $43,000. Hedge funds and other institutional investors 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.
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