Meta Platforms, Inc. (NASDAQ:META) CAO Sells $16,616.25 in Stock

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) CAO Aaron Anderson sold 35 shares of the firm's stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $474.75, for a total transaction of $16,616.25. Following the completion of the transaction, the chief accounting officer now owns 3,080 shares in the company, valued at approximately $1,462,230. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Meta Platforms Stock Performance

Meta Platforms stock traded down $1.32 during midday trading on Friday, reaching $471.91. 10,800,287 shares of the stock traded hands, compared to its average volume of 17,789,666. Meta Platforms, Inc. has a fifty-two week low of $241.19 and a fifty-two week high of $531.49. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12. The firm has a market cap of $1.20 trillion, a price-to-earnings ratio of 27.02, a PEG ratio of 1.25 and a beta of 1.21. The firm has a fifty day moving average price of $486.94 and a two-hundred day moving average price of $418.61.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, beating analysts' consensus estimates of $4.32 by $0.39. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. The company had revenue of $36.46 billion for the quarter, compared to analysts' expectations of $36.28 billion. On average, equities research analysts forecast that Meta Platforms, Inc. will post 20.1 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Stone House Investment Management LLC lifted its stake in shares of Meta Platforms by 625.0% in the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company's stock worth $26,000 after acquiring an additional 75 shares during the period. Beaird Harris Wealth Management LLC lifted its position in Meta Platforms by 68.9% in the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company's stock worth $31,000 after purchasing an additional 42 shares during the period. Quest Partners LLC acquired a new stake in Meta Platforms in the fourth quarter worth approximately $32,000. Clear Investment Research LLC boosted its stake in Meta Platforms by 411.1% during the 4th quarter. Clear Investment Research LLC now owns 92 shares of the social networking company's stock valued at $33,000 after purchasing an additional 74 shares in the last quarter. Finally, Delos Wealth Advisors LLC increased its position in shares of Meta Platforms by 527.3% during the 1st quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company's stock valued at $34,000 after purchasing an additional 58 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on META shares. Morgan Stanley raised their target price on shares of Meta Platforms from $375.00 to $550.00 and gave the company an "overweight" rating in a research note on Friday, February 2nd. Sanford C. Bernstein reduced their price objective on Meta Platforms from $590.00 to $565.00 and set an "outperform" rating on the stock in a research note on Thursday, April 25th. BMO Capital Markets increased their target price on Meta Platforms from $397.00 to $450.00 and gave the company a "market perform" rating in a research note on Friday, February 2nd. Wedbush decreased their price target on Meta Platforms from $570.00 to $480.00 and set an "outperform" rating for the company in a report on Thursday, April 25th. Finally, JMP Securities reiterated a "market outperform" rating and set a $550.00 price objective on shares of Meta Platforms in a research note on Monday, April 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Meta Platforms currently has a consensus rating of "Moderate Buy" and a consensus price target of $509.80.

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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