Jennifer Newstead Sells 552 Shares of Meta Platforms, Inc. (NASDAQ:META) Stock

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) insider Jennifer Newstead sold 552 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $464.00, for a total value of $256,128.00. Following the completion of the sale, the insider now directly owns 34,168 shares of the company’s stock, valued at approximately $15,853,952. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Tuesday, January 30th, Jennifer Newstead sold 566 shares of Meta Platforms stock. The shares were sold at an average price of $404.00, for a total value of $228,664.00.
  • On Tuesday, January 23rd, Jennifer Newstead sold 566 shares of Meta Platforms stock. The stock was sold at an average price of $385.00, for a total value of $217,910.00.
  • On Tuesday, January 16th, Jennifer Newstead sold 566 shares of Meta Platforms stock. The stock was sold at an average price of $373.58, for a total value of $211,446.28.
  • On Tuesday, January 9th, Jennifer Newstead sold 566 shares of Meta Platforms stock. The stock was sold at an average price of $356.40, for a total value of $201,722.40.
  • On Tuesday, January 2nd, Jennifer Newstead sold 566 shares of Meta Platforms stock. The shares were sold at an average price of $351.55, for a total value of $198,977.30.
  • On Tuesday, December 26th, Jennifer Newstead sold 566 shares of Meta Platforms stock. The shares were sold at an average price of $354.90, for a total value of $200,873.40.
  • On Tuesday, December 19th, Jennifer Newstead sold 566 shares of Meta Platforms stock. The stock was sold at an average price of $345.65, for a total value of $195,637.90.
  • On Tuesday, December 12th, Jennifer Newstead sold 566 shares of Meta Platforms stock. The stock was sold at an average price of $324.59, for a total value of $183,717.94.
  • On Tuesday, December 5th, Jennifer Newstead sold 566 shares of Meta Platforms stock. The stock was sold at an average price of $318.98, for a total value of $180,542.68.
  • On Tuesday, November 28th, Jennifer Newstead sold 566 shares of Meta Platforms stock. The shares were sold at an average price of $333.62, for a total value of $188,828.92.

Meta Platforms Trading Up 0.1 %

NASDAQ META opened at $470.00 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.67 and a quick ratio of 2.57. Meta Platforms, Inc. has a one year low of $167.66 and a one year high of $485.96. The business has a 50 day simple moving average of $368.73 and a 200 day simple moving average of $330.36. The stock has a market capitalization of $1.21 trillion, a P/E ratio of 31.54, a P/E/G ratio of 1.20 and a beta of 1.15.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, beating analysts’ consensus estimates of $4.82 by $0.51. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The firm had revenue of $40.11 billion during the quarter, compared to analysts’ expectations of $39.12 billion. During the same quarter last year, the firm posted $3.00 earnings per share. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. Research analysts expect that Meta Platforms, Inc. will post 19.41 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.43%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. UBS Group raised their price target on Meta Platforms from $425.00 to $530.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Mizuho raised their target price on Meta Platforms from $470.00 to $575.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. TD Cowen raised their price target on Meta Platforms from $415.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Tigress Financial raised their price target on Meta Platforms from $380.00 to $435.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, November 22nd. Finally, KeyCorp raised their price target on Meta Platforms from $465.00 to $575.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, forty have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus price target of $491.03.

View Our Latest Analysis on Meta Platforms

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of META. Addison Advisors LLC lifted its holdings in Meta Platforms by 3.9% during the fourth quarter. Addison Advisors LLC now owns 670 shares of the social networking company’s stock worth $237,000 after acquiring an additional 25 shares during the period. Smithfield Trust Co lifted its holdings in Meta Platforms by 0.5% during the fourth quarter. Smithfield Trust Co now owns 4,895 shares of the social networking company’s stock worth $1,730,000 after acquiring an additional 25 shares during the period. American National Bank raised its stake in shares of Meta Platforms by 1.6% in the fourth quarter. American National Bank now owns 1,590 shares of the social networking company’s stock valued at $563,000 after buying an additional 25 shares during the period. WoodTrust Financial Corp raised its stake in shares of Meta Platforms by 1.8% in the fourth quarter. WoodTrust Financial Corp now owns 1,547 shares of the social networking company’s stock valued at $548,000 after buying an additional 27 shares during the period. Finally, Tennessee Valley Asset Management Partners raised its stake in shares of Meta Platforms by 0.6% in the fourth quarter. Tennessee Valley Asset Management Partners now owns 4,566 shares of the social networking company’s stock valued at $1,616,000 after buying an additional 27 shares during the period. Institutional investors own 62.87% of the company’s stock.

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.

See Also

Insider Buying and Selling by Quarter for Meta Platforms (NASDAQ:META)

Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.