Meta Platforms (NASDAQ:META) Insider Jennifer Newstead Sells 519 Shares

Meta Platforms, Inc. (NASDAQ:META) insider Jennifer Newstead sold 519 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $741.50, for a total transaction of $384,838.50. Following the transaction, the insider owned 29,832 shares in the company, valued at approximately $22,120,428. This trade represents a 1.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, September 23rd, Jennifer Newstead sold 519 shares of Meta Platforms stock. The stock was sold at an average price of $769.20, for a total transaction of $399,214.80.
• On Tuesday, September 16th, Jennifer Newstead sold 519 shares of Meta Platforms stock. The stock was sold at an average price of $767.16, for a total transaction of $398,156.04.
• On Tuesday, September 9th, Jennifer Newstead sold 519 shares of Meta Platforms stock. The stock was sold at an average price of $757.50, for a total transaction of $393,142.50.
• On Tuesday, September 2nd, Jennifer Newstead sold 519 shares of Meta Platforms stock. The stock was sold at an average price of $726.25, for a total transaction of $376,923.75.
• On Tuesday, August 26th, Jennifer Newstead sold 519 shares of Meta Platforms stock. The stock was sold at an average price of $750.47, for a total transaction of $389,493.93.
• On Monday, August 18th, Jennifer Newstead sold 519 shares of Meta Platforms stock. The shares were sold at an average price of $775.00, for a total transaction of $402,225.00.
• On Tuesday, August 5th, Jennifer Newstead sold 515 shares of Meta Platforms stock. The shares were sold at an average price of $776.38, for a total transaction of $399,835.70.
• On Tuesday, July 29th, Jennifer Newstead sold 519 shares of Meta Platforms stock. The shares were sold at an average price of $719.86, for a total transaction of $373,607.34.
• On Tuesday, July 22nd, Jennifer Newstead sold 519 shares of Meta Platforms stock. The shares were sold at an average price of $716.10, for a total transaction of $371,655.90.
• On Tuesday, July 15th, Jennifer Newstead sold 519 shares of Meta Platforms stock. The shares were sold at an average price of $723.08, for a total transaction of $375,278.52.

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $727.05 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The firm has a fifty day moving average price of $753.26 and a two-hundred day moving average price of $673.93. The company has a market cap of $1.83 trillion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 1.50 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating analysts’ consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same period in the prior year, the firm earned $5.16 EPS. The business’s revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were issued a $0.525 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s dividend payout ratio is 7.60%.

Hedge Funds Weigh In On Meta Platforms

Several institutional investors have recently added to or reduced their stakes in META. Inlight Wealth Management LLC acquired a new position in shares of Meta Platforms during the first quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Meta Platforms during the first quarter worth approximately $28,000. Bare Financial Services Inc acquired a new position in shares of Meta Platforms during the second quarter worth approximately $30,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Meta Platforms during the first quarter worth approximately $33,000. Finally, Evergreen Private Wealth LLC lifted its position in shares of Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after purchasing an additional 38 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on META shares. Monness Crespi & Hardt increased their price target on shares of Meta Platforms from $780.00 to $860.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Barclays raised their price objective on shares of Meta Platforms from $640.00 to $810.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Citigroup reaffirmed an “outperform” rating on shares of Meta Platforms in a report on Thursday, July 31st. Stifel Nicolaus raised their price objective on shares of Meta Platforms from $845.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Finally, Oppenheimer raised their price objective on shares of Meta Platforms from $775.00 to $870.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $830.02.

About Meta Platforms

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.