Susan J. Li Sells 10,643 Shares of Meta Platforms, Inc. (NASDAQ:META) Stock

Posted by Defense World Staff on May 19th, 2023

Meta Platforms, Inc. (NASDAQ:META – Get Rating) CFO Susan J. Li sold 10,643 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $233.81, for a total transaction of $2,488,439.83. Following the transaction, the chief financial officer now owns 73,958 shares in the company, valued at $17,292,119.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Meta Platforms Trading Up 1.8 %

Shares of Meta Platforms stock opened at $246.85 on Friday. The company has a fifty day simple moving average of $217.13 and a 200-day simple moving average of $164.51. Meta Platforms, Inc. has a 12-month low of $88.09 and a 12-month high of $247.09. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.08. The stock has a market cap of $632.61 billion, a price-to-earnings ratio of 30.63, a PEG ratio of 1.01 and a beta of 1.20.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. UBS Group boosted their price target on shares of Meta Platforms from $235.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, April 6th. Piper Sandler boosted their price target on shares of Meta Platforms from $250.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, April 27th. Edward Jones upgraded shares of Meta Platforms from a “hold” rating to a “buy” rating in a report on Monday, March 20th. Monness Crespi & Hardt boosted their target price on shares of Meta Platforms from $240.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, April 27th. Finally, Argus upgraded shares of Meta Platforms from a “hold” rating to a “buy” rating and set a $270.00 target price on the stock in a report on Wednesday, April 5th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $245.87.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Financial Avengers Inc. boosted its holdings in shares of Meta Platforms by 10.4% in the 1st quarter. Financial Avengers Inc. now owns 457 shares of the social networking company’s stock valued at $97,000 after buying an additional 43 shares in the last quarter. Guyasuta Investment Advisors Inc. boosted its holdings in shares of Meta Platforms by 0.8% in the 1st quarter. Guyasuta Investment Advisors Inc. now owns 5,570 shares of the social networking company’s stock valued at $1,181,000 after buying an additional 45 shares in the last quarter. Red Tortoise LLC boosted its holdings in shares of Meta Platforms by 32.2% in the 1st quarter. Red Tortoise LLC now owns 189 shares of the social networking company’s stock valued at $40,000 after buying an additional 46 shares in the last quarter. Riverview Trust Co boosted its stake in Meta Platforms by 0.7% during the 1st quarter. Riverview Trust Co now owns 7,177 shares of the social networking company’s stock worth $1,521,000 after purchasing an additional 47 shares during the period. Finally, Francis Financial Inc. boosted its stake in Meta Platforms by 1.5% during the 1st quarter. Francis Financial Inc. now owns 3,168 shares of the social networking company’s stock worth $671,000 after purchasing an additional 47 shares during the period. Institutional investors and hedge funds own 60.92% of the company’s stock.

Meta Platforms Company Profile

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Meta Platforms, Inc, engages in the development of social media applications. It builds technology that helps people connect, find communities, and grow businesses. It operates through the Family of Apps (FoA) and Reality Labs (RL) segments. The FoA segment consists of Facebook, Instagram, Messenger, WhatsApp, and other services.