Jennifer Newstead Sells 250 Shares of Meta Platforms Inc. (NASDAQ:FB) Stock

Meta Platforms Inc. (NASDAQ:FB) insider Jennifer Newstead sold 250 shares of the firm’s stock in a transaction that occurred on Tuesday, January 11th. The shares were sold at an average price of $328.72, for a total transaction of $82,180.00. The sale was disclosed in a filing with the SEC, which is available through this link.

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

  • On Tuesday, January 4th, Jennifer Newstead sold 250 shares of Meta Platforms stock. The stock was sold at an average price of $339.33, for a total transaction of $84,832.50.
  • On Tuesday, December 28th, Jennifer Newstead sold 1,120 shares of Meta Platforms stock. The stock was sold at an average price of $351.03, for a total transaction of $393,153.60.
  • On Tuesday, December 21st, Jennifer Newstead sold 250 shares of Meta Platforms stock. The stock was sold at an average price of $328.54, for a total transaction of $82,135.00.
  • On Tuesday, December 14th, Jennifer Newstead sold 250 shares of Meta Platforms stock. The stock was sold at an average price of $329.45, for a total transaction of $82,362.50.
  • On Tuesday, December 7th, Jennifer Newstead sold 125 shares of Meta Platforms stock. The stock was sold at an average price of $321.62, for a total transaction of $40,202.50.
  • On Tuesday, November 30th, Jennifer Newstead sold 250 shares of Meta Platforms stock. The stock was sold at an average price of $335.00, for a total transaction of $83,750.00.
  • On Tuesday, November 23rd, Jennifer Newstead sold 250 shares of Meta Platforms stock. The stock was sold at an average price of $338.82, for a total transaction of $84,705.00.
  • On Tuesday, November 9th, Jennifer Newstead sold 121 shares of Meta Platforms stock. The stock was sold at an average price of $339.87, for a total transaction of $41,124.27.
  • On Tuesday, November 2nd, Jennifer Newstead sold 125 shares of Meta Platforms stock. The stock was sold at an average price of $331.44, for a total transaction of $41,430.00.
  • On Tuesday, October 26th, Jennifer Newstead sold 125 shares of Meta Platforms stock. The stock was sold at an average price of $328.69, for a total transaction of $41,086.25.

Meta Platforms stock opened at $331.90 on Friday. The stock has a market cap of $923.27 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 1.16 and a beta of 1.29. Meta Platforms Inc. has a 1 year low of $247.16 and a 1 year high of $384.33. The firm has a 50-day moving average of $333.46 and a two-hundred day moving average of $345.30.

Meta Platforms (NASDAQ:FB) last released its quarterly earnings data on Sunday, October 24th. The social networking company reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.03. The company had revenue of $29.01 billion during the quarter, compared to analysts’ expectations of $29.52 billion. Meta Platforms had a net margin of 35.88% and a return on equity of 30.22%. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.71 EPS. On average, research analysts predict that Meta Platforms Inc. will post 13.91 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Capital Directions Investment Advisors LLC purchased a new stake in Meta Platforms in the 2nd quarter valued at about $31,000. Carderock Capital Management Inc. purchased a new stake in Meta Platforms in the 3rd quarter valued at about $31,000. Benjamin Edwards Inc. purchased a new stake in Meta Platforms in the 3rd quarter valued at about $33,000. Lion Street Advisors LLC purchased a new stake in shares of Meta Platforms in the 2nd quarter worth approximately $43,000. Finally, Filbrandt Wealth Management LLC purchased a new stake in shares of Meta Platforms in the 3rd quarter worth approximately $43,000. 65.55% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on the stock. Rosenblatt Securities upgraded shares of Meta Platforms from a “neutral” rating to a “buy” rating and set a $400.00 target price on the stock in a research note on Tuesday, October 26th. Evercore ISI restated a “buy” rating and set a $430.00 target price on shares of Meta Platforms in a research note on Sunday, October 31st. The Goldman Sachs Group set a $445.00 target price on shares of Meta Platforms in a research note on Tuesday, October 26th. Credit Suisse Group lowered their target price on shares of Meta Platforms from $500.00 to $430.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 26th. Finally, JMP Securities restated an “outperform” rating and set a $400.00 target price (down previously from $425.00) on shares of Meta Platforms in a research note on Tuesday, October 26th. Eight equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $398.21.

About Meta Platforms

Meta Platforms, Inc, (formerly known as Facebook, Inc) operates as a global social technology company. The company engages in the development of social media applications as well as virtual and augmented reality products allowing users to connect through mobile devices, personal computers and other platforms.

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