Meta Platforms, Inc. (NASDAQ:META – Get Free Report) insider Jennifer Newsted sold 585 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $469.88, for a total transaction of $274,879.80. Following the completion of the sale, the insider now owns 42,493 shares of the company’s stock, valued at $19,966,610.84. The transaction was disclosed in his legal filing with the SEC, which can be accessed through this hyperlink.
Jennifer Newsted also recently made the following transactions:
- Jennifer Newstead sold 552 shares of Meta Platform stock on Tuesday, February 6th. The stock was sold at an average price of $464.00, for a total transaction of $256,128.00.
- Jennifer Newsted sold 566 shares of Meta Platform stock on Tuesday, January 30th. The stock was sold at an average price of $404.00, for a total transaction of $228,664.00.
- Jennifer Newstead sold 566 shares of Meta Platform stock on Tuesday, January 23rd. The shares were sold at an average price of $385.00, for a total transaction of $217,910.00.
- Jennifer Newstead sold 566 shares of Meta Platform stock on Tuesday, January 16th. The shares were sold at an average price of $373.58, for a total transaction of $211,446.28.
- Jennifer Newstead sold 566 shares of Meta Platforms stock on Tuesday, January 9th. The shares were sold at an average price of $356.40, for a total transaction of $201,722.40.
- Jennifer Newsted sold 566 shares of Meta Platforms stock on Tuesday, January 2nd. The shares were sold at an average price of $351.55, for a total transaction of $198,977.30.
- Jennifer Newstead sold 566 shares of Meta Platform stock on Tuesday, December 26th. The shares were sold at an average price of $354.90, for a total transaction of $200,873.40.
- Jennifer Newsted sold 566 shares of Meta Platform stock on Tuesday, December 19th. The shares were sold at an average price of $345.65, for a total transaction of $195,637.90.
- Jennifer Newsted sold 566 shares of Meta Platform stock on Tuesday, December 12th. The shares were sold at an average price of $324.59, for a total transaction of $183,717.94.
- Jennifer Newstead sold 566 shares of Meta Platforms stock on Tuesday, December 5th. The shares were sold at an average price of $318.98, for a total transaction of $180,542.68.
Metaplatform trading fell 0.4%
Shares of Metaplatform stock opened at $484.03 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.67, and a quick ratio of 2.67. The company’s 50-day moving average price is $400.90 and its 200-day moving average price is $343.02. Meta Platforms, Inc. has a 1-year low of $167.66 and a 1-year high of $494.36. The stock has a market capitalization of $1.23 trillion, a P/E ratio of 32.49x, a price-to-earnings ratio of 1.26x, and a beta of 1.15x.
Meta Platforms (NASDAQ:META – Get Free Report) last issued its earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.82 by $0.51. Meta Platforms had a net profit margin of 28.98% and a return on equity of 29.48%. The company had revenue of $40.11 billion for the quarter, compared to analyst estimates of $39.12 billion. In the same period last year, the company posted earnings of $3.00 per share. The company’s revenue increased by 24.7% compared to the same period last year. Equities research analysts predict that Meta Platforms, Inc. will post 19.78 earnings per share for the current year.
Metaplatform announces dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd will be issued with his $0.50 dividend. The ex-dividend date for this dividend is Wednesday, February 21st. This equates to his $2.00 dividend and his 0.41% yield on an annualized basis. Meta Platforms’ dividend payout ratio is 13.42%.
Inflow and outflow of institutions
A number of institutional investors and hedge funds have recently added to or reduced their stakes in META stock. Stone House Investment Management LLC increased its holdings in shares of Meta Platforms by 625.0% in the 3rd quarter. Stone House Investment Management LLC bought an additional 75 shares of his stock in the last quarter and he now owns 87 shares of the social networking company’s stock valued at $26,000. MBM Wealth Consultants LLC purchased a new position in Meta Platforms in the 4th quarter valued at $26,000. Stephens Investment Management Group LLC purchased a new position in Meta Platforms in the 2nd quarter valued at $30,000. Beaird Harris Wealth Management LLC increased its holdings in shares of Meta Platforms by 68.9% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after purchasing an additional 42 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Meta Platforms during the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 62.87% of the company’s stock.
Wall Street Analysts Share Their Opinions
Multiple equity research analysts have published reports on META stock. Trust Financial increased their target price on shares of Meta Platform from $405.00 to $525.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. JMP Securities increased their target price on shares of Metaplatform from $410.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Mizuho increased their target price on shares of Metaplatform from $470.00 to $575.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Mones Crespi & Hardt increased their target price on shares of Meta Platforms from $370.00 to $540.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Barclays increased their target price on shares of MetaPlatform from $400.00 to $550.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. 2 analysts have rated the stock with a sell rating, 2 have rated it with a hold rating, 40 have rated it with a buy rating and 2 have rated the stock with a strong buy rating. The company currently has an average rating of “Moderate Buy” and a consensus price target of $494.53, according to MarketBeat data.
Get the latest stock reports on META
Metaplatform company profile
(Get Free Report)
Meta Platforms, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables around the world. The company operates in two segments: Family of Apps and Reality Labs. The Family of Apps segment powers Facebook, where people can share, discuss, discover, and connect about what interests them. Community for sharing Instagram, photos, videos, private messages, feeds, stories, reels, videos, live, shop. Messenger is a messaging application that lets people connect with friends, family, communities, and businesses across platforms and devices through text, voice, and video calls. WhatsApp is a messaging application used by people and businesses to conduct private communications and transactions.
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