Meta Platforms, Inc. (NASDAQ:META - Get Free Report) insider Jennifer Newstead sold 907 shares of Meta Platforms stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $645.77, for a total value of $585,713.39. Following the sale, the insider now owns 24,749 shares in the company, valued at $15,982,161.73. The trade was a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Jennifer Newstead also recently made the following trade(s):
- On Tuesday, May 6th, Jennifer Newstead sold 921 shares of Meta Platforms stock. The shares were sold at an average price of $592.52, for a total value of $545,710.92.
- On Tuesday, April 29th, Jennifer Newstead sold 921 shares of Meta Platforms stock. The stock was sold at an average price of $545.17, for a total value of $502,101.57.
- On Tuesday, April 22nd, Jennifer Newstead sold 921 shares of Meta Platforms stock. The stock was sold at an average price of $491.87, for a total value of $453,012.27.
- On Tuesday, April 15th, Jennifer Newstead sold 921 shares of Meta Platforms stock. The shares were sold at an average price of $531.22, for a total value of $489,253.62.
- On Tuesday, April 8th, Jennifer Newstead sold 921 shares of Meta Platforms stock. The stock was sold at an average price of $543.39, for a total transaction of $500,462.19.
- On Tuesday, April 1st, Jennifer Newstead sold 921 shares of Meta Platforms stock. The shares were sold at an average price of $570.66, for a total transaction of $525,577.86.
- On Tuesday, March 25th, Jennifer Newstead sold 921 shares of Meta Platforms stock. The shares were sold at an average price of $627.05, for a total transaction of $577,513.05.
- On Tuesday, March 18th, Jennifer Newstead sold 921 shares of Meta Platforms stock. The stock was sold at an average price of $600.25, for a total value of $552,830.25.
- On Tuesday, March 11th, Jennifer Newstead sold 921 shares of Meta Platforms stock. The shares were sold at an average price of $595.00, for a total value of $547,995.00.
- On Tuesday, March 4th, Jennifer Newstead sold 921 shares of Meta Platforms stock. The stock was sold at an average price of $644.00, for a total value of $593,124.00.
Meta Platforms Price Performance
Shares of Meta Platforms stock opened at $643.88 on Friday. The business has a 50 day moving average of $570.68 and a 200 day moving average of $606.39. Meta Platforms, Inc. has a 52 week low of $442.65 and a 52 week high of $740.91. The company has a market cap of $1.63 trillion, a PE ratio of 26.92, a P/E/G ratio of 1.42 and a beta of 1.24. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16.
Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The social networking company reported $6.43 EPS for the quarter, topping the consensus estimate of $5.33 by $1.10. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. The business had revenue of $42.31 billion during the quarter, compared to analyst estimates of $41.45 billion. During the same period in the prior year, the business earned $4.71 EPS. The company's revenue for the quarter was up 16.1% on a year-over-year basis. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on META shares. Robert W. Baird upped their price target on Meta Platforms from $680.00 to $750.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Arete Research raised shares of Meta Platforms to a "hold" rating in a report on Friday, January 24th. Roth Capital raised their price target on shares of Meta Platforms from $580.00 to $620.00 and gave the company a "buy" rating in a report on Thursday, May 1st. TD Securities reduced their price target on shares of Meta Platforms from $725.00 to $700.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Barclays lowered their price objective on Meta Platforms from $705.00 to $640.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $696.45.
Check Out Our Latest Research Report on META
Institutional Trading of Meta Platforms
Institutional investors and hedge funds have recently bought and sold shares of the stock. Inlight Wealth Management LLC bought a new stake in shares of Meta Platforms during the first quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Meta Platforms in the 1st quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Meta Platforms in the 1st quarter worth about $33,000. Millstone Evans Group LLC purchased a new position in Meta Platforms during the 4th quarter valued at about $40,000. Finally, WealthTrak Capital Management LLC bought a new stake in Meta Platforms during the fourth quarter worth about $43,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.
About Meta Platforms
(
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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