Meta Platforms (NASDAQ:META) Director Robert Kimmitt Sells 580 Shares of Stock

Meta Platforms, Inc. (NASDAQ:META) Director Robert Kimmitt sold 580 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $618.28, for a total value of $358,602.40. Following the transaction, the director directly owned 5,587 shares of the company’s stock, valued at approximately $3,454,330.36. This trade represents a 9.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Meta Platforms Stock Down 2.6%

Shares of NASDAQ META opened at $604.12 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98. The stock has a market capitalization of $1.52 trillion, a PE ratio of 26.68, a P/E/G ratio of 1.22 and a beta of 1.29. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The business’s fifty day moving average price is $640.33 and its 200-day moving average price is $698.52.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping the consensus estimate of $6.74 by $0.51. The company had revenue of $51.24 billion during the quarter, compared to analyst estimates of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The firm’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same quarter last year, the firm posted $6.03 EPS. On average, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 15th were issued a $0.525 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is 9.28%.

Hedge Funds Weigh In On Meta Platforms

A number of large investors have recently added to or reduced their stakes in the business. Westchester Capital Management Inc. purchased a new position in Meta Platforms in the 3rd quarter worth approximately $26,000. Bare Financial Services Inc purchased a new position in shares of Meta Platforms in the second quarter worth $30,000. Evergreen Private Wealth LLC raised its holdings in Meta Platforms by 237.5% during the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after buying an additional 38 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in Meta Platforms during the 2nd quarter valued at $42,000. Finally, Knuff & Co LLC bought a new stake in Meta Platforms in the 2nd quarter worth $44,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on META. Bank of America reduced their price target on Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Piper Sandler lowered their price target on shares of Meta Platforms from $880.00 to $840.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Mizuho lowered their target price on shares of Meta Platforms from $925.00 to $815.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Cowen reiterated a “buy” rating on shares of Meta Platforms in a research report on Tuesday, January 13th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Meta Platforms in a research note on Tuesday, October 14th. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $821.07.

Meta Platforms News Summary

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Threads’ mobile daily users have reportedly passed X, indicating stronger engagement that could help ad monetization and user-growth narrative. Read More.
• Positive Sentiment: Instagram is shifting most ad inventory into Reels (over half of Instagram ads in 2025), supporting the company’s short‑form video monetization strategy. Read More.

About Meta Platforms

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.