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

Key Points

• Jennifer Newstead, an insider at Meta Platforms, sold 519 shares of the company's stock for about $398,156.04, which represents a 1.65% decrease in her holdings.
• Meta Platforms' shares are currently trading at $780.25 with a market cap of $1.96 trillion, after recently reporting a quarterly revenue of $47.52 billion and an EPS of $7.14.
• The company announced a quarterly dividend of $0.525 per share, which will be paid on September 29th, representing a 0.3% dividend yield.

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) insider Jennifer Newstead sold 519 shares of the company's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $767.16, for a total value of $398,156.04. Following the completion of the sale, the insider owned 30,870 shares in the company, valued at $23,682,229.20. The trade was a 1.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, September 9th, Jennifer Newstead sold 519 shares of Meta Platforms stock. The shares were 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 shares were sold at an average price of $726.25, for a total value 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 value of $389,493.93.
• On Monday, August 18th, Jennifer Newstead sold 519 shares of Meta Platforms stock. The stock was 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 stock was 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 value 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 value of $371,655.90.
• On Tuesday, July 15th, Jennifer Newstead sold 519 shares of Meta Platforms stock. The stock was sold at an average price of $723.08, for a total transaction of $375,278.52.
• On Tuesday, July 8th, Jennifer Newstead sold 519 shares of Meta Platforms stock. The stock was sold at an average price of $721.57, for a total value of $374,494.83.
• On Tuesday, July 1st, Jennifer Newstead sold 519 shares of Meta Platforms stock. The stock was sold at an average price of $737.00, for a total value of $382,503.00.

Meta Platforms Trading Up 0.6%

Shares of META traded up $4.53 during mid-day trading on Thursday, reaching $780.25. The stock had a trading volume of 10,936,347 shares, compared to its average volume of 9,070,634. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The firm has a market cap of $1.96 trillion, a price-to-earnings ratio of 28.08, a P/E/G ratio of 1.60 and a beta of 1.24. The business's fifty day moving average is $744.78 and its 200 day moving average is $664.12. 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 (NASDAQ:META - Get Free Report) last posted 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. The company had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm's quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the firm earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 22nd will be paid a $0.525 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is presently 7.60%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of META. Csenge Advisory Group boosted its holdings in Meta Platforms by 12.0% during the first quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock worth $5,498,000 after buying an additional 1,019 shares in the last quarter. ARQ Wealth Advisors LLC lifted its position in shares of Meta Platforms by 4.5% during the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock valued at $452,000 after acquiring an additional 34 shares during the period. JMG Financial Group Ltd. purchased a new stake in shares of Meta Platforms during the 1st quarter worth approximately $284,000. Infusive Asset Management Inc. grew its holdings in shares of Meta Platforms by 10.7% in the 1st quarter. Infusive Asset Management Inc. now owns 23,620 shares of the social networking company's stock worth $13,614,000 after acquiring an additional 2,285 shares during the period. Finally, Aspire Growth Partners LLC grew its holdings in shares of Meta Platforms by 7.3% in the 1st quarter. Aspire Growth Partners LLC now owns 662 shares of the social networking company's stock worth $395,000 after acquiring an additional 45 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on META shares. BMO Capital Markets boosted their target price on Meta Platforms from $610.00 to $710.00 and gave the stock a "market perform" rating in a research note on Thursday, July 31st. Loop Capital reissued a "buy" rating and set a $980.00 price objective (up from $888.00) on shares of Meta Platforms in a research report on Tuesday, August 5th. Wedbush raised their target price on shares of Meta Platforms from $750.00 to $920.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Benchmark lifted their price target on shares of Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Morgan Stanley increased their price objective on shares of Meta Platforms from $750.00 to $850.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $826.05.

Meta Platforms Company Profile

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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