Insider Selling: Meta Platforms (NASDAQ:META) CTO Sells 11,694 Shares of Stock

Key Points

• Meta Platforms CTO Andrew Bosworth sold 11,694 shares at an average price of $775.00, totaling $9,062,850, resulting in an 86.67% decrease in his holdings.
• Shares of Meta Platforms recently traded down 2.1%, closing at $751.48, with over 12 million shares changing hands.
• The company's latest earnings report showed an EPS of $7.14, beating estimates by $1.39, with a 21.6% year-over-year revenue increase to $47.52 billion.

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) CTO Andrew Bosworth sold 11,694 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the sale, the chief technology officer directly owned 1,799 shares of the company's stock, valued at $1,394,225. This trade represents a 86.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Andrew Bosworth also recently made the following trade(s):

• On Friday, August 15th, Andrew Bosworth sold 5,057 shares of Meta Platforms stock. The shares were sold at an average price of $782.13, for a total transaction of $3,955,231.41.

Meta Platforms Stock Down 2.1%

Shares of META traded down $15.89 on Tuesday, hitting $751.48. 12,216,778 shares of the stock traded hands, compared to its average volume of 13,316,512. The company has a market capitalization of $1.89 trillion, a PE ratio of 27.21, a P/E/G ratio of 1.59 and a beta of 1.27. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. The business has a 50 day simple moving average of $726.88 and a 200 day simple moving average of $656.42. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company had revenue of $47.52 billion for the quarter, compared to analysts' expectations of $44.55 billion. During the same quarter last year, the company posted $5.16 earnings per share. The firm's quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Monday, June 16th were issued a $0.525 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is currently 7.60%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in shares of Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after acquiring an additional 570 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after buying an additional 875 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in Meta Platforms by 3.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,459 shares of the social networking company's stock worth $129,666,000 after buying an additional 7,587 shares in the last quarter. Highview Capital Management LLC DE boosted its holdings in Meta Platforms by 3.7% during the fourth quarter. Highview Capital Management LLC DE now owns 6,189 shares of the social networking company's stock worth $3,624,000 after buying an additional 218 shares in the last quarter. Finally, Benchstone Capital Management LP purchased a new stake in Meta Platforms during the fourth quarter worth $23,749,000. Institutional investors and hedge funds own 79.91% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on META shares. Needham & Company LLC upgraded shares of Meta Platforms from an "underperform" rating to a "hold" rating in a research note on Thursday, July 3rd. JPMorgan Chase & Co. lifted their price target on shares of Meta Platforms from $795.00 to $875.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Wells Fargo & Company boosted their target price on shares of Meta Platforms from $783.00 to $811.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Barclays boosted their price objective on shares of Meta Platforms from $640.00 to $810.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Royal Bank Of Canada boosted their price objective on shares of Meta Platforms from $740.00 to $840.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $822.41.

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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