Meta Platforms, Inc. (META) (NASDAQ:FB) Insider Jennifer Newstead Sells 342 Shares

Meta Platforms, Inc. (META) (NASDAQ:FB – Get Rating) insider Jennifer Newstead sold 342 shares of the company’s stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $165.89, for a total value of $56,734.38. Following the transaction, the insider now directly owns 19,115 shares in the company, valued at approximately $3,170,987.35. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Tuesday, June 7th, Jennifer Newstead sold 342 shares of Meta Platforms, Inc. (META) stock. The stock was sold at an average price of $191.93, for a total value of $65,640.06.

The company has a market cap of $532.17 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 1.25 and a beta of 1.37. Meta Platforms, Inc. has a 1 year low of $169.00 and a 1 year high of $384.33.

A hedge fund recently raised its stake in Meta Platforms, Inc. (META) stock. IMA Wealth Inc. raised its holdings in shares of Meta Platforms, Inc. (META) (NASDAQ:FB – Get Rating) by 13.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 13,783 shares of the company’s stock after acquiring an additional 1,630 shares during the period. IMA Wealth Inc.’s holdings in Meta Platforms, Inc. (META) were worth $3,065,000 at the end of the most recent reporting period. Institutional investors own 65.49% of the company’s stock.

About Meta Platforms, Inc. (META) (Get Rating)

Meta Platforms, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment's products include Facebook, which enables people to share, 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, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.

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