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

Meta Platforms, Inc. (NASDAQ:META) insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $702.24, for a total transaction of $635,527.20. Following the transaction, the insider now directly owns 28,390 shares in the company, valued at $19,936,593.60. This trade represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• 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 stock was 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 shares were sold at an average price of $631.55, for a total transaction 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 transaction of $535,542.80.
• On Tuesday, December 24th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were sold at an average price of $602.47, for a total transaction 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 value of $567,127.30.
• On Tuesday, December 10th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were sold at an average price of $618.00, for a total value of $559,290.00.
• On Tuesday, December 3rd, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were sold at an average price of $595.00, for a total value of $538,475.00.
• On Tuesday, November 26th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $565.30, for a total value of $511,596.50.

Meta Platforms Trading Up 1.0 %

Meta Platforms stock opened at $711.99 on Friday. The stock has a 50-day moving average of $624.43 and a two-hundred day moving average of $572.13. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. Meta Platforms, Inc. has a one year low of $414.50 and a one year high of $718.90. The stock has a market cap of $1.80 trillion, a PE ratio of 29.77, a price-to-earnings-growth ratio of 1.47 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same period in the previous year, the firm earned $5.33 earnings per share. On average, research analysts anticipate that Meta Platforms, Inc. will post 25.94 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.28%. The ex-dividend date was Monday, December 16th. Meta Platforms’s payout ratio is 8.36%.

Wall Street Analyst Weigh In

META has been the subject of several recent analyst reports. Cantor Fitzgerald lifted their price target on Meta Platforms from $720.00 to $790.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Hsbc Global Res raised Meta Platforms to a “hold” rating in a research report on Thursday, October 24th. KeyCorp boosted their target price on Meta Platforms from $700.00 to $750.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. DA Davidson boosted their target price on Meta Platforms from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, Wolfe Research boosted their target price on Meta Platforms from $670.00 to $730.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus price target of $710.83.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of META. AMF Tjanstepension AB raised its stake in shares of Meta Platforms by 32.5% in the third quarter. AMF Tjanstepension AB now owns 457,092 shares of the social networking company’s stock worth $261,680,000 after purchasing an additional 112,047 shares during the last quarter. City Holding Co. raised its position in Meta Platforms by 1.8% during the third quarter. City Holding Co. now owns 31,731 shares of the social networking company’s stock valued at $18,164,000 after acquiring an additional 576 shares in the last quarter. Brookstone Capital Management grew its holdings in Meta Platforms by 15.6% in the third quarter. Brookstone Capital Management now owns 47,358 shares of the social networking company’s stock valued at $27,110,000 after purchasing an additional 6,384 shares during the period. Cape ANN Savings Bank boosted its stake in shares of Meta Platforms by 3.6% in the third quarter. Cape ANN Savings Bank now owns 2,712 shares of the social networking company’s stock worth $1,552,000 after acquiring an additional 95 shares during the last quarter. Finally, Gratus Wealth Advisors LLC acquired a new stake in shares of Meta Platforms in the third quarter worth approximately $713,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms Company Profile

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.