Meta Platforms, Inc. (NASDAQ:META – Free Report) insider Jennifer Newstead sold 722 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $286.70, for a total transaction of $206,997.40. Following the sale, the insider now directly owns 33,756 shares in the company, valued at approximately $9,677,845.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Jennifer Newstead also recently made the following trade(s):
- On Tuesday, June 27th, Jennifer Newstead sold 722 shares of Meta Platforms stock. The shares were sold at an average price of $282.00, for a total value of $203,604.00.
- On Tuesday, June 20th, Jennifer Newstead sold 722 shares of Meta Platforms stock. The shares were sold at an average price of $278.73, for a total value of $201,243.06.
- On Tuesday, June 13th, Jennifer Newstead sold 722 shares of Meta Platforms stock. The shares were sold at an average price of $275.00, for a total value of $198,550.00.
- On Tuesday, June 6th, Jennifer Newstead sold 722 shares of Meta Platforms stock. The stock was sold at an average price of $270.14, for a total value of $195,041.08.
- On Tuesday, May 30th, Jennifer Newstead sold 722 shares of Meta Platforms stock. The stock was sold at an average price of $265.00, for a total value of $191,330.00.
- On Tuesday, May 23rd, Jennifer Newstead sold 722 shares of Meta Platforms stock. The stock was sold at an average price of $247.06, for a total transaction of $178,377.32.
- On Tuesday, May 9th, Jennifer Newstead sold 375 shares of Meta Platforms stock. The stock was sold at an average price of $231.08, for a total value of $86,655.00.
- On Tuesday, May 2nd, Jennifer Newstead sold 393 shares of Meta Platforms stock. The shares were sold at an average price of $243.18, for a total transaction of $95,569.74.
- On Tuesday, April 25th, Jennifer Newstead sold 393 shares of Meta Platforms stock. The shares were sold at an average price of $210.93, for a total transaction of $82,895.49.
- On Tuesday, April 18th, Jennifer Newstead sold 393 shares of Meta Platforms stock. The shares were sold at an average price of $219.94, for a total transaction of $86,436.42.
Meta Platforms Stock Performance
Shares of Meta Platforms stock opened at $291.99 on Friday. The business has a 50-day simple moving average of $262.28 and a 200-day simple moving average of $204.05. Meta Platforms, Inc. has a one year low of $88.09 and a one year high of $298.12. The company has a market cap of $748.29 billion, a PE ratio of 36.23, a P/E/G ratio of 1.09 and a beta of 1.19. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.07 and a current ratio of 2.07.
Institutional Trading of Meta Platforms
Several large investors have recently bought and sold shares of META. Worth Asset Management LLC raised its holdings in shares of Meta Platforms by 248.6% in the first quarter. Worth Asset Management LLC now owns 122 shares of the social networking company’s stock worth $26,000 after acquiring an additional 87 shares during the last quarter. Sageworth Trust Co acquired a new position in shares of Meta Platforms in the first quarter worth $26,000. HBC Financial Services PLLC grew its holdings in shares of Meta Platforms by 2,500.0% during the first quarter. HBC Financial Services PLLC now owns 130 shares of the social networking company’s stock worth $28,000 after buying an additional 125 shares in the last quarter. Rise Advisors LLC grew its holdings in shares of Meta Platforms by 59.3% during the first quarter. Rise Advisors LLC now owns 137 shares of the social networking company’s stock worth $29,000 after buying an additional 51 shares in the last quarter. Finally, Stephens Consulting LLC grew its holdings in shares of Meta Platforms by 44.6% during the first quarter. Stephens Consulting LLC now owns 162 shares of the social networking company’s stock worth $34,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 62.54% of the company’s stock.
Analysts Set New Price Targets
META has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on Meta Platforms from $270.00 to $305.00 and gave the company an “overweight” rating in a report on Thursday, April 27th. Argus raised shares of Meta Platforms from a “hold” rating to a “buy” rating and set a $270.00 price objective for the company in a research report on Wednesday, April 5th. Guggenheim raised their target price on Meta Platforms from $240.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, April 27th. Sanford C. Bernstein raised their target price on Meta Platforms from $250.00 to $275.00 in a report on Thursday, April 27th. Finally, Mizuho increased their target price on shares of Meta Platforms from $235.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, April 27th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $257.48.
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.
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