Insider Selling: Meta Platforms, Inc. (NASDAQ:META) Insider Sells 393 Shares of Stock

Meta Platforms, Inc. (NASDAQ:META – Get Rating) insider Jennifer Newstead sold 393 shares of Meta Platforms stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $187.25, for a total value of $73,589.25. Following the completion of the transaction, the insider now owns 30,939 shares of the company’s stock, valued at $5,793,327.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, March 7th, Jennifer Newstead sold 393 shares of Meta Platforms stock. The shares were sold at an average price of $189.00, for a total value of $74,277.00.
• On Tuesday, February 28th, Jennifer Newstead sold 393 shares of Meta Platforms stock. The shares were sold at an average price of $171.99, for a total value of $67,592.07.
• On Tuesday, February 21st, Jennifer Newstead sold 393 shares of Meta Platforms stock. The shares were sold at an average price of $174.05, for a total value of $68,401.65.
• On Thursday, February 16th, Jennifer Newstead sold 393 shares of Meta Platforms stock. The shares were sold at an average price of $172.77, for a total value of $67,898.61.
• On Wednesday, February 1st, Jennifer Newstead sold 342 shares of Meta Platforms stock. The shares were sold at an average price of $148.00, for a total value of $50,616.00.
• On Wednesday, January 25th, Jennifer Newstead sold 342 shares of Meta Platforms stock. The stock was sold at an average price of $141.40, for a total value of $48,358.80.
• On Wednesday, January 18th, Jennifer Newstead sold 342 shares of Meta Platforms stock. The stock was sold at an average price of $135.71, for a total value of $46,412.82.
• On Wednesday, January 11th, Jennifer Newstead sold 342 shares of Meta Platforms stock. The stock was sold at an average price of $131.03, for a total value of $44,812.26.
• On Wednesday, January 4th, Jennifer Newstead sold 342 shares of Meta Platforms stock. The stock was sold at an average price of $127.40, for a total value of $43,570.80.
• On Wednesday, December 28th, Jennifer Newstead sold 342 shares of Meta Platforms stock. The stock was sold at an average price of $116.44, for a total value of $39,822.48.

Meta Platforms Stock Performance

Meta Platforms stock opened at $195.61 on Friday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $507.15 billion, a P/E ratio of 22.80, a PEG ratio of 1.89 and a beta of 1.18. The stock’s 50 day moving average is $166.42 and its 200 day moving average is $140.33. Meta Platforms, Inc. has a twelve month low of $88.09 and a twelve month high of $236.86.

Meta Platforms (NASDAQ:META – Get Rating) last posted its quarterly earnings results on Wednesday, February 1st. The social networking company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.88. The company had revenue of $32.17 billion for the quarter, compared to the consensus estimate of $31.69 billion. Meta Platforms had a return on equity of 21.23% and a net margin of 19.90%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.67 EPS. On average, equities research analysts predict that Meta Platforms, Inc. will post 9.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on META. Monness Crespi & Hardt boosted their target price on Meta Platforms from $150.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. Guggenheim lifted their price target on Meta Platforms from $130.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Stifel Nicolaus lifted their price target on Meta Platforms from $210.00 to $230.00 in a research note on Wednesday. Tigress Financial lifted their price target on Meta Platforms from $260.00 to $285.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 10th. Finally, Barclays lifted their price target on Meta Platforms from $165.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, February 2nd. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating, thirty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $209.27.

Institutional Trading of Meta Platforms

Several hedge funds and other institutional investors have recently made changes to their positions in META. Geode Capital Management LLC bought a new position in Meta Platforms in the 4th quarter valued at approximately $5,424,543,000. Norges Bank bought a new position in Meta Platforms in the 4th quarter valued at approximately $4,223,148,000. Price T Rowe Associates Inc. MD bought a new position in Meta Platforms in the 4th quarter valued at approximately $4,220,171,000. Morgan Stanley bought a new position in Meta Platforms in the 4th quarter valued at approximately $4,072,543,000. Finally, Moneta Group Investment Advisors LLC bought a new position in Meta Platforms in the 4th quarter valued at approximately $1,796,633,000. Hedge funds and other institutional investors own 60.92% of the company’s stock.

About Meta Platforms

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Meta Platforms, Inc, engages in the development of social media applications. It builds technology that helps people connect, find communities, and grow businesses. It operates through the Family of Apps (FoA) and Reality Labs (RL) segments. The FoA segment consists of Facebook, Instagram, Messenger, WhatsApp, and other services.