Meta Platforms (NASDAQ:META) CTO Sells $3,955,231.41 in Stock

Key Points

• Meta Platforms CTO Andrew Bosworth sold 5,057 shares of stock on August 15th for a total of $3,955,231.41, reducing his holdings by 44.43% to 6,324 shares.
• The company reported $7.14 earnings per share for the last quarter, exceeding analyst estimates of $5.75 and marking a 21.6% year-over-year revenue increase.
• Meta recently declared a $0.525 quarterly dividend, with a payout ratio of 7.60%, resulting in an annualized dividend of $2.10.

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) CTO Andrew Bosworth sold 5,057 shares of Meta Platforms stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $782.13, for a total value of $3,955,231.41. Following the sale, the chief technology officer owned 6,324 shares of the company's stock, valued at approximately $4,946,190.12. This trade represents a 44.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, August 18th, Andrew Bosworth sold 11,694 shares of Meta Platforms stock. The shares were sold at an average price of $775.00, for a total value of $9,062,850.00.

Meta Platforms Price Performance

NASDAQ:META traded down $15.89 during mid-day trading on Tuesday, reaching $751.48. The stock had a trading volume of 12,216,778 shares, compared to its average volume of 13,316,512. The firm has a 50 day moving average price of $726.88 and a two-hundred day moving average price of $656.42. The stock has a market capitalization of $1.89 trillion, a P/E ratio of 27.21, a P/E/G ratio of 1.59 and a beta of 1.27. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97.

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

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, June 16th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, June 16th. Meta Platforms's payout ratio is 7.60%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Meta Platforms by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 192,591,101 shares of the social networking company's stock valued at $142,149,566,000 after acquiring an additional 1,532,568 shares during the period. State Street Corp lifted its position in Meta Platforms by 1.9% during the 2nd quarter. State Street Corp now owns 86,925,674 shares of the social networking company's stock worth $64,158,971,000 after acquiring an additional 1,650,435 shares during the period. Kingstone Capital Partners Texas LLC lifted its position in Meta Platforms by 608,429.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company's stock worth $44,119,937,000 after acquiring an additional 59,766,000 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Meta Platforms by 1.3% in the 2nd quarter. Geode Capital Management LLC now owns 51,575,209 shares of the social networking company's stock valued at $37,902,948,000 after buying an additional 682,768 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Meta Platforms by 2.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 42,317,434 shares of the social networking company's stock valued at $24,777,282,000 after buying an additional 1,049,121 shares during the period. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

META has been the topic of a number of analyst reports. Evercore ISI lifted their price target on Meta Platforms from $725.00 to $750.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Susquehanna reduced their price target on Meta Platforms from $800.00 to $700.00 and set a "positive" rating on the stock in a research note on Thursday, May 1st. Oppenheimer boosted their target price on Meta Platforms from $775.00 to $870.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Canaccord Genuity Group increased their target price on Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Finally, BMO Capital Markets upped their price target on Meta Platforms from $610.00 to $710.00 and gave the stock a "market perform" rating in a research report on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $822.41.

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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