Meta Platforms, Inc. (NASDAQ:META) Insider Sells $39,911.40 in Stock

Meta Platforms, Inc. Insider (NASDAQ:META – Get Ratings) Jennifer Newstead sold 342 shares of the company’s stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $116.70, for a total transaction of $39,911.40. Following the sale, the insider now owns 26,161 shares in the company, valued at $3,052,988.70. The sale was disclosed in a filing with the SEC, which is available at this link.

Jennifer Newstead also recently made the following trades:

  • On Wednesday, December 14th Jennifer Newstead sold 342 shares of Meta Platforms stock. The shares were sold at an average price of $119.63, for a total transaction of $40,913.46.
  • On Wednesday, December 7th Jennifer Newstead sold 342 shares of Meta Platforms stock. The shares were sold at an average price of $113.89, for a total transaction of $38,950.38.
  • On Wednesday, November 30th, Jennifer Newstead sold 342 shares of Meta Platforms stock. The shares were sold at an average price of $109.38, for a total transaction of $37,407.96.
  • On Wednesday, November 23rd, Jennifer Newstead sold 342 shares of Meta Platforms stock. The shares were sold at an average price of $111.60, for a total transaction of $38,167.20.
  • On Tuesday, November 8th, Jennifer Newstead sold 327 shares of Meta Platforms stock. The shares were sold at an average price of $95.93, for a total transaction of $31,369.11.
  • On Tuesday, November 1st, Jennifer Newstead sold 342 shares of Meta Platforms stock. The shares were sold at an average price of $94.31, for a total transaction of $32,254.02.
  • On Tuesday, October 25th, Jennifer Newstead sold 342 shares of Meta Platforms stock. The shares were sold at an average price of $130.80, for a total transaction of $44,733.60.
  • On Tuesday, October 18th, Jennifer Newstead sold 342 shares of Meta Platforms stock. The shares were sold at an average price of $137.00, for a total transaction of $46,854.00.
  • On Tuesday, October 11th, Jennifer Newstead sold 342 shares of Meta Platforms stock. The shares were sold at an average price of $131.44, for a total transaction of $44,952.48.
  • On Tuesday, October 4th, Jennifer Newstead sold 342 shares of Meta Platforms stock. The shares were sold at an average price of $140.35, for a total transaction of $47,999.70.
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Metaplatforms up 0.8%

Shares of NASDAQ:META traded up $0.92 on Friday, reaching $118.04. The company had a trading volume of 17,758,667 shares, compared to its average volume of 35,827,672 shares. The company’s 50-day simple moving average is $113.99, and its 200-day simple moving average is $145.50. Meta Platforms, Inc. it has a 1 year low of $88.09 and a 1 year high of $352.71. The company has a quick ratio of 2.57, a current ratio of 2.57, and a debt-to-equity ratio of 0.08. The firm has a market cap of $312.99 billion, a price-to-earnings ratio of 11.25, a P/E/G ratio of 1.64 and a beta of 1.21.

Meta Platforms (NASDAQ:META – Get Rating) last posted its quarterly earnings results on Wednesday, October 26th. The social networking company reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.24). Meta Platforms had a net margin of 24.41% and a return on equity of 23.16%. The company’s revenue for the quarter came in at $27.71 billion, compared to analysts’ expectations of $27.40 billion. Stock analysts expect that Meta Platforms, Inc. will report earnings of 8.96 per share in the current fiscal year.

Analysts set new price targets

META has been the subject of a number of research analyst reports. Oppenheimer boosted their price objective on shares of Meta Platforms from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, November 14th. Raymond James reduced their price target on shares of Meta Platforms from $215.00 to $171.00 and set an “outperform” rating on the stock in a report on Thursday, October 27th. Itau BBA Securities raised shares of Meta Platforms from a “market perform” rating to an “outperform” rating and set a $102.00 price objective on the stock in a report on Monday, November 7th. Cowen downgraded shares of Meta Platforms from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $205.00 to $135.00 in a report on Thursday, October 27th. Finally, Sanford C. Bernstein cut their price objective on shares of Meta Platforms from $195.00 to $135.00 and set an “outperform” rating on the stock in a report on Thursday, October 27th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Moderate Buy” and a consensus target price of $171.49, according to MarketBeat.com.

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Institutional ebbs and flows

A number of large investors have recently bought and sold shares of the company. Retirement Guys Formula LLC bought a new position in Meta Platforms during the 3rd quarter valued at about $516,000. Perigon Wealth Management LLC bought a new position in Meta Platforms during the 3rd quarter valued at about $4,108,000. Insight Advisors LLC PA purchased a new position in Meta Platforms during the 3rd quarter valued at about $890,000. WealthPlan Investment Management LLC purchased a new position in Meta Platforms during the 3rd quarter valued at about $6,244,000. Finally, Bramshill Investments LLC purchased a new stake in Meta Platforms during the 2nd quarter valued at about $97,000. 60.92% of shares are owned by hedge funds and other institutional investors.

Meta Platforms Company Profile

(Get rating)

Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, PCs, virtual reality headsets, wearables and home devices around the world. It operates in two segments, Family of Apps and Reality Labs. Products in the Family of Apps segment 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 feeds, stories, reels, videos, live streams and shops; Messenger, a messaging app 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 app used by people and businesses for communication and private transactions.

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

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