Meta Platforms, Inc. (NASDAQ:FB – Get Rating) CFO David M. Wehner sold 1,222 shares of the firm’s stock in a transaction on Sunday, May 15th. The stock was sold at an average price of $198.62, for a total transaction of $242,713.64. Following the completion of the sale, the chief financial officer now owns 12,247 shares in the company, valued at $2,432,499.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of NASDAQ:FB opened at $202.62 on Wednesday. Meta Platforms, Inc. has a one year low of $169.00 and a one year high of $384.33. The company has a 50 day moving average of $208.02 and a 200-day moving average of $266.30. The stock has a market cap of $548.35 billion, a price-to-earnings ratio of 15.33, a P/E/G ratio of 1.26 and a beta of 1.37.
Meta Platforms (NASDAQ:FB – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The social networking company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.06. Meta Platforms had a net margin of 31.20% and a return on equity of 28.74%. During the same quarter in the previous year, the company earned $3.30 earnings per share. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 11.63 EPS for the current year.
Several research firms have issued reports on FB. Rosenblatt Securities began coverage on shares of Meta Platforms in a research report on Tuesday, April 19th. They issued a “neutral” rating and a $228.00 price target on the stock. BMO Capital Markets reduced their price objective on shares of Meta Platforms from $290.00 to $225.00 in a report on Friday, April 22nd. Susquehanna reduced their price objective on shares of Meta Platforms from $375.00 to $290.00 in a report on Thursday, April 28th. Moffett Nathanson reduced their price objective on shares of Meta Platforms from $420.00 to $380.00 and set a “buy” rating for the company in a report on Thursday, February 3rd. Finally, Canaccord Genuity Group reduced their price objective on shares of Meta Platforms from $420.00 to $360.00 and set a “buy” rating for the company in a report on Thursday, February 3rd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Meta Platforms has an average rating of “Buy” and an average price target of $316.73.
Meta Platforms Company Profile (Get Rating)
Meta Platforms, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment's products include Facebook, which enables people to share, 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, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.
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