Meta Platforms, Inc. (META) (NASDAQ:FB) Insider Jennifer Newstead Sells 342 Shares

Meta Platforms, Inc. (META) (NASDAQ:FB – Get Rating) insider Jennifer Newstead sold 342 shares of the stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $165.89, for a total transaction of $56,734.38. Following the completion of the transaction, the insider now directly owns 19,115 shares in the company, valued at $3,170,987.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, June 7th, Jennifer Newstead sold 342 shares of Meta Platforms, Inc. (META) stock. The shares were sold at an average price of $191.93, for a total transaction of $65,640.06.

The firm has a market cap of $532.17 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 1.25 and a beta of 1.37. Meta Platforms, Inc. has a fifty-two week low of $169.00 and a fifty-two week high of $384.33.

An institutional investor recently raised its position in Meta Platforms, Inc. (META) stock. IMA Wealth Inc. lifted its holdings in shares of Meta Platforms, Inc. (META) (NASDAQ:FB – Get Rating) by 13.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,783 shares of the company’s stock after purchasing an additional 1,630 shares during the quarter. IMA Wealth Inc.’s holdings in Meta Platforms, Inc. (META) were worth $3,065,000 as of its most recent SEC filing. Institutional investors own 65.49% of the company’s stock.

Meta Platforms, Inc. (META) 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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