Insider Selling: Meta Platforms, Inc. (NASDAQ:META) Insider Sells $73,589.25 in Stock

Meta Platforms, Inc. (NASDAQ:METAGet Rating) insider Jennifer Newstead sold 393 shares of the company’s stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $187.25, for a total transaction 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 filing with the SEC, which is available at 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 stock was sold at an average price of $189.00, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction of $50,616.00.
  • On Wednesday, January 25th, Jennifer Newstead sold 342 shares of Meta Platforms stock. The shares were sold at an average price of $141.40, for a total transaction of $48,358.80.
  • On Wednesday, January 18th, Jennifer Newstead sold 342 shares of Meta Platforms stock. The shares were sold at an average price of $135.71, for a total transaction of $46,412.82.
  • On Wednesday, January 11th, Jennifer Newstead sold 342 shares of Meta Platforms stock. The shares were sold at an average price of $131.03, for a total transaction of $44,812.26.
  • On Wednesday, January 4th, Jennifer Newstead sold 342 shares of Meta Platforms stock. The shares were sold at an average price of $127.40, for a total transaction of $43,570.80.
  • On Wednesday, December 28th, Jennifer Newstead sold 342 shares of Meta Platforms stock. The shares were sold at an average price of $116.44, for a total transaction of $39,822.48.

Meta Platforms Trading Down 4.5 %

NASDAQ:META opened at $195.61 on Friday. The firm has a market cap of $507.15 billion, a P/E ratio of 22.80, a PEG ratio of 1.87 and a beta of 1.18. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.08. The stock’s 50 day simple moving average is $166.42 and its 200-day simple moving average is $140.22. Meta Platforms, Inc. has a 12-month low of $88.09 and a 12-month high of $236.86.

Meta Platforms (NASDAQ:METAGet Rating) last released its earnings results on Wednesday, February 1st. The social networking company reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.88. The business had revenue of $32.17 billion for the quarter, compared to analyst estimates of $31.69 billion. Meta Platforms had a return on equity of 21.23% and a net margin of 19.90%. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.67 earnings per share. Equities analysts anticipate that Meta Platforms, Inc. will post 10.31 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of META. MinichMacGregor Wealth Management LLC purchased a new stake in shares of Meta Platforms in the fourth quarter valued at approximately $48,000. Heritage Wealth Management LLC purchased a new stake in shares of Meta Platforms in the second quarter valued at approximately $146,000. Capital Investment Advisors LLC purchased a new stake in shares of Meta Platforms in the fourth quarter valued at approximately $1,141,000. American National Bank purchased a new stake in shares of Meta Platforms in the fourth quarter valued at approximately $197,000. Finally, RDA Financial Network purchased a new stake in shares of Meta Platforms in the fourth quarter valued at approximately $1,661,000. Institutional investors and hedge funds own 60.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Needham & Company LLC reissued an “underperform” rating on shares of Meta Platforms in a report on Wednesday, March 8th. SVB Securities lifted their price objective on shares of Meta Platforms from $220.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, February 2nd. Tigress Financial lifted their price objective on shares of Meta Platforms from $260.00 to $285.00 and gave the company a “strong-buy” rating in a research report on Friday, February 10th. DZ Bank upgraded shares of Meta Platforms from a “sell” rating to a “hold” rating and set a $180.00 price objective on the stock in a research report on Friday, February 3rd. Finally, Oppenheimer lifted their price objective on shares of Meta Platforms from $235.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.27.

Meta Platforms Company Profile

(Get Rating)

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.

Featured Stories

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.