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

Meta Platforms, Inc. (NASDAQ:META) insider Jennifer Newstead sold 519 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $716.98, for a total transaction of $372,112.62. Following the completion of the sale, the insider directly owned 29,313 shares of the company’s stock, valued at approximately $21,016,834.74. This represents a 1.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, September 30th, Jennifer Newstead sold 519 shares of Meta Platforms stock. The shares were sold at an average price of $741.50, for a total transaction of $384,838.50.
• On Tuesday, September 23rd, Jennifer Newstead sold 519 shares of Meta Platforms stock. The shares were sold at an average price of $769.20, for a total transaction of $399,214.80.
• On Tuesday, September 16th, Jennifer Newstead sold 519 shares of Meta Platforms stock. The shares were sold at an average price of $767.16, for a total value of $398,156.04.
• 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 value 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 shares were 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 shares were 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 shares were 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 transaction 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 transaction of $371,655.90.

Meta Platforms Trading Down 3.8%

Shares of NASDAQ META opened at $705.30 on Friday. The company’s 50 day simple moving average is $752.20 and its 200 day simple moving average is $678.77. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The firm has a market capitalization of $1.77 trillion, a P/E ratio of 25.54, a P/E/G ratio of 1.53 and a beta of 1.20. 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) last released its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating analysts’ consensus estimates of $5.75 by $1.39. The business 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%.The firm’s revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were issued a dividend of $0.525 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s payout ratio is currently 7.60%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on META. KeyCorp boosted their price objective on shares of Meta Platforms from $800.00 to $905.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Needham & Company LLC upgraded Meta Platforms from an “underperform” rating to a “hold” rating in a report on Thursday, July 3rd. UBS Group lifted their target price on Meta Platforms from $897.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday. Wedbush lifted their target price on Meta Platforms from $750.00 to $920.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Finally, BMO Capital Markets lifted their target price on Meta Platforms from $610.00 to $710.00 and gave the stock a “market perform” rating in a report on Thursday, July 31st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Meta Platforms currently has an average rating of “Moderate Buy” and an average price target of $830.68.

Institutional Trading of Meta Platforms

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC grew 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 in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after buying an additional 875 shares during the last quarter. Trust Co. of Oklahoma acquired a new stake in shares of Meta Platforms in the 1st quarter valued at approximately $420,000. First National Bank Sioux Falls boosted its holdings in shares of Meta Platforms by 28.2% in the 1st quarter. First National Bank Sioux Falls now owns 2,571 shares of the social networking company’s stock valued at $1,482,000 after buying an additional 566 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Meta Platforms by 16.7% in the 1st quarter. GAMMA Investing LLC now owns 40,691 shares of the social networking company’s stock valued at $23,453,000 after buying an additional 5,829 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

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.