Meta Platforms, Inc. (NASDAQ:META) Insider Sells $49,853.34 in Stock

Meta Platforms, Inc. (NASDAQ:METAGet Rating) insider Jennifer Newstead sold 342 shares of the company’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $145.77, for a total value of $49,853.34. Following the sale, the insider now owns 22,296 shares in the company, valued at approximately $3,250,087.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Tuesday, September 13th, Jennifer Newstead sold 342 shares of Meta Platforms stock. The stock was sold at an average price of $161.23, for a total value of $55,140.66.
  • On Tuesday, September 6th, Jennifer Newstead sold 342 shares of Meta Platforms stock. The stock was sold at an average price of $160.06, for a total value of $54,740.52.
  • On Tuesday, August 23rd, Jennifer Newstead sold 342 shares of Meta Platforms stock. The stock was sold at an average price of $162.48, for a total value of $55,568.16.
  • On Tuesday, August 16th, Jennifer Newstead sold 669 shares of Meta Platforms stock. The shares were sold at an average price of $179.31, for a total value of $119,958.39.
  • On Tuesday, August 9th, Jennifer Newstead sold 342 shares of Meta Platforms stock. The stock was sold at an average price of $168.75, for a total value of $57,712.50.
  • On Tuesday, August 2nd, Jennifer Newstead sold 342 shares of Meta Platforms stock. The shares were sold at an average price of $158.14, for a total transaction of $54,083.88.
  • On Tuesday, July 26th, Jennifer Newstead sold 342 shares of Meta Platforms stock. The shares were sold at an average price of $165.80, for a total transaction of $56,703.60.
  • On Tuesday, July 19th, Jennifer Newstead sold 342 shares of Meta Platforms stock. The shares were sold at an average price of $170.37, for a total transaction of $58,266.54.
  • On Tuesday, July 12th, Jennifer Newstead sold 342 shares of Meta Platforms stock. The shares were sold at an average price of $164.80, for a total transaction of $56,361.60.
  • On Tuesday, July 5th, Jennifer Newstead sold 342 shares of Meta Platforms stock. The shares were sold at an average price of $158.12, for a total transaction of $54,077.04.

Meta Platforms Trading Up 0.5 %

NASDAQ META traded up $0.70 on Thursday, reaching $142.82. The company’s stock had a trading volume of 34,162,531 shares, compared to its average volume of 32,436,961. The firm has a market cap of $383.84 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 1.87 and a beta of 1.30. The business has a 50-day moving average price of $165.48 and a 200 day moving average price of $170.79. Meta Platforms, Inc. has a 52 week low of $140.87 and a 52 week high of $355.15.

Meta Platforms (NASDAQ:METAGet Rating) last posted its earnings results on Wednesday, July 27th. The social networking company reported $2.46 earnings per share for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.04). The business had revenue of $28.82 billion during the quarter, compared to the consensus estimate of $28.95 billion. Meta Platforms had a net margin of 28.16% and a return on equity of 26.52%. The business’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.61 EPS. Analysts anticipate that Meta Platforms, Inc. will post 9.91 earnings per share for the current fiscal year.

Institutional Trading of Meta Platforms

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Certified Advisory Corp boosted its position in Meta Platforms by 3.8% in the fourth quarter. Certified Advisory Corp now owns 1,341 shares of the social networking company’s stock valued at $451,000 after buying an additional 49 shares in the last quarter. Auxier Asset Management boosted its position in Meta Platforms by 0.3% in the fourth quarter. Auxier Asset Management now owns 15,035 shares of the social networking company’s stock valued at $5,057,000 after buying an additional 50 shares in the last quarter. Opes Wealth Management LLC boosted its position in Meta Platforms by 5.2% in the first quarter. Opes Wealth Management LLC now owns 1,011 shares of the social networking company’s stock valued at $225,000 after buying an additional 50 shares in the last quarter. NTV Asset Management LLC lifted its position in shares of Meta Platforms by 0.7% during the first quarter. NTV Asset Management LLC now owns 7,203 shares of the social networking company’s stock worth $1,602,000 after purchasing an additional 50 shares in the last quarter. Finally, Wellspring Financial Advisors LLC lifted its position in shares of Meta Platforms by 5.1% during the first quarter. Wellspring Financial Advisors LLC now owns 1,043 shares of the social networking company’s stock worth $239,000 after purchasing an additional 51 shares in the last quarter. Institutional investors own 61.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on META shares. JPMorgan Chase & Co. cut their price objective on shares of Meta Platforms from $275.00 to $225.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 29th. Morgan Stanley dropped their price target on shares of Meta Platforms from $280.00 to $225.00 and set an “overweight” rating on the stock in a research report on Friday, August 19th. Itau BBA Securities started coverage on shares of Meta Platforms in a research report on Friday, July 29th. They issued a “market perform” rating and a $188.00 price target on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Meta Platforms from $265.00 to $235.00 in a research report on Thursday, July 21st. Finally, Needham & Company LLC cut shares of Meta Platforms from a “hold” rating to an “underperform” rating in a research report on Monday, July 11th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $254.46.

Meta Platforms Company Profile

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

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