Meta Platforms, Inc. (NASDAQ:FB) CTO Andrew Bosworth Sells 11,718 Shares

Meta Platforms, Inc. (NASDAQ:FBGet Rating) CTO Andrew Bosworth sold 11,718 shares of the company’s stock in a transaction dated Sunday, May 15th. The shares were sold at an average price of $198.62, for a total transaction of $2,327,429.16. Following the transaction, the chief technology officer now owns 11,913 shares in the company, valued at approximately $2,366,160.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Andrew Bosworth also recently made the following trade(s):

  • On Tuesday, May 17th, Andrew Bosworth sold 10,126 shares of Meta Platforms stock. The stock was sold at an average price of $203.35, for a total transaction of $2,059,122.10.

Shares of FB stock opened at $202.62 on Wednesday. The stock’s 50-day moving average price is $208.02 and its 200 day moving average price is $266.30. The stock has a market capitalization of $548.35 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 1.26 and a beta of 1.37. Meta Platforms, Inc. has a 52-week low of $169.00 and a 52-week high of $384.33.

Meta Platforms (NASDAQ:FBGet Rating) last released its earnings results 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 return on equity of 28.74% and a net margin of 31.20%. During the same period last year, the company earned $3.30 EPS. As a group, equities research analysts predict that Meta Platforms, Inc. will post 11.63 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in FB. Autus Asset Management LLC boosted its stake in shares of Meta Platforms by 5.4% during the 4th quarter. Autus Asset Management LLC now owns 643 shares of the social networking company’s stock worth $217,000 after purchasing an additional 33 shares during the last quarter. Well Done LLC lifted its stake in shares of Meta Platforms by 1.9% during the fourth quarter. Well Done LLC now owns 1,829 shares of the social networking company’s stock valued at $615,000 after buying an additional 34 shares during the period. Summit Wealth Group LLC lifted its stake in shares of Meta Platforms by 4.2% during the third quarter. Summit Wealth Group LLC now owns 894 shares of the social networking company’s stock valued at $303,000 after buying an additional 36 shares during the period. JGP Wealth Management LLC boosted its position in Meta Platforms by 1.9% during the fourth quarter. JGP Wealth Management LLC now owns 1,903 shares of the social networking company’s stock worth $617,000 after acquiring an additional 36 shares during the last quarter. Finally, Van Leeuwen & Company LLC raised its holdings in Meta Platforms by 1.2% in the 3rd quarter. Van Leeuwen & Company LLC now owns 3,129 shares of the social networking company’s stock valued at $1,062,000 after acquiring an additional 38 shares during the last quarter. Institutional investors own 65.49% of the company’s stock.

Several equities analysts recently issued reports on FB shares. Piper Sandler cut their target price on Meta Platforms from $240.00 to $230.00 in a research report on Thursday, April 28th. OTR Global upgraded Meta Platforms to a “positive” rating in a research report on Wednesday, January 19th. Loop Capital lowered shares of Meta Platforms from a “buy” rating to a “hold” rating and reduced their price target for the stock from $380.00 to $230.00 in a research report on Thursday, February 3rd. BMO Capital Markets dropped their price objective on shares of Meta Platforms from $290.00 to $225.00 in a report on Friday, April 22nd. Finally, JMP Securities reduced their target price on shares of Meta Platforms from $350.00 to $265.00 and set a “market outperform” rating for the company in a report on Tuesday, April 19th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $316.73.

About Meta Platforms (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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