Meta Platforms (NASDAQ:META) Director Sells $364,708.80 in Stock

Key Points

• Meta Platforms Director Robert Kimmitt sold 465 shares for $364,708.80, reducing his stake by 4.98%, and now owns approximately 8,877 shares worth about $6.96 million.
• The company's stock is currently trading at $751.48, down $15.89 recently, with a market capitalization of $1.89 trillion and a 12-month high of $796.25.
• Meta reported strong quarterly results with earnings per share of $7.14, exceeding estimates of $5.75, and revenue growth of 21.6% year-over-year, totaling $47.52 billion.

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) Director Robert Kimmitt sold 465 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $784.32, for a total transaction of $364,708.80. Following the transaction, the director owned 8,877 shares in the company, valued at approximately $6,962,408.64. The trade was a 4.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Meta Platforms Stock Performance

Shares of NASDAQ:META traded down $15.89 on Tuesday, reaching $751.48. 12,216,778 shares of the company's stock were exchanged, compared to its average volume of 13,316,512. The company has a fifty day moving average of $726.88 and a 200-day moving average of $656.42. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25. The company has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 27.21, a PEG ratio of 1.59 and a beta of 1.27. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly 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. 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 during the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter in the prior year, the firm posted $5.16 EPS. 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. On average, research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

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

Analysts Set New Price Targets

META has been the subject of several research reports. The Goldman Sachs Group increased their price objective on shares of Meta Platforms from $685.00 to $690.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Rosenblatt Securities increased their price objective on shares of Meta Platforms from $846.00 to $918.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Moffett Nathanson increased their price objective on shares of Meta Platforms from $525.00 to $605.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. UBS Group increased their price objective on shares of Meta Platforms from $812.00 to $897.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, KeyCorp increased their price objective on shares of Meta Platforms from $800.00 to $905.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Three research 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 company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $822.41.

Hedge Funds Weigh In On Meta Platforms

A number of hedge funds have recently bought and sold shares of META. Inlight Wealth Management LLC acquired a new stake in Meta Platforms in the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Meta Platforms in the first quarter worth $28,000. Bare Financial Services Inc acquired a new stake in Meta Platforms in the second quarter worth $30,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Meta Platforms in the first quarter worth $33,000. Finally, Evergreen Private Wealth LLC grew its holdings in Meta Platforms by 237.5% in the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock worth $40,000 after purchasing an additional 38 shares during the period. Institutional investors own 79.91% of the company's stock.

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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