Susan Li Sells 18,789 Shares of Meta Platforms (NASDAQ:META) Stock

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) CFO Susan Li sold 18,789 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $650.00, for a total transaction of $12,212,850.00. Following the completion of the transaction, the chief financial officer directly owned 68,888 shares of the company’s stock, valued at approximately $44,777,200. This trade represents a 21.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Meta Platforms Trading Up 2.3%

Shares of NASDAQ META opened at $653.69 on Thursday. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.60 and a quick ratio of 2.60. The business’s 50 day moving average is $656.19 and its two-hundred day moving average is $687.00. The stock has a market capitalization of $1.65 trillion, a P/E ratio of 27.82, a PEG ratio of 1.09 and a beta of 1.28.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The social networking company reported $8.88 earnings per share for the quarter, beating analysts’ consensus estimates of $8.16 by $0.72. Meta Platforms had a net margin of 30.08% and a return on equity of 38.61%. The business had revenue of $59.89 billion for the quarter, compared to analysts’ expectations of $58.33 billion. During the same quarter in the previous year, the business posted $8.02 earnings per share. The business’s revenue was up 23.8% compared to the same quarter last year. As a group, research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Monday, March 16th will be paid a dividend of $0.525 per share. The ex-dividend date is Monday, March 16th. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is currently 8.94%.

Hedge Funds Weigh In On Meta Platforms

A number of large investors have recently made changes to their positions in META. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of Meta Platforms by 0.4% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,506 shares of the social networking company’s stock valued at $2,587,000 after acquiring an additional 13 shares in the last quarter. Trust Co of the South grew its position in Meta Platforms by 0.8% during the 3rd quarter. Trust Co of the South now owns 1,850 shares of the social networking company’s stock worth $1,359,000 after purchasing an additional 14 shares during the last quarter. Sentinel Pension Advisors LLC increased its stake in Meta Platforms by 1.6% during the 3rd quarter. Sentinel Pension Advisors LLC now owns 915 shares of the social networking company’s stock valued at $672,000 after purchasing an additional 14 shares in the last quarter. Alpine Bank Wealth Management increased its stake in Meta Platforms by 0.3% during the 3rd quarter. Alpine Bank Wealth Management now owns 4,301 shares of the social networking company’s stock valued at $3,159,000 after purchasing an additional 14 shares in the last quarter. Finally, Valued Wealth Advisors LLC raised its holdings in shares of Meta Platforms by 3.2% in the third quarter. Valued Wealth Advisors LLC now owns 454 shares of the social networking company’s stock worth $334,000 after buying an additional 14 shares during the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Meta Platforms

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Analysts Set New Price Targets

META has been the topic of a number of research reports. Evercore raised their target price on shares of Meta Platforms from $875.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Citigroup reiterated an “outperform” rating on shares of Meta Platforms in a research note on Thursday, January 29th. Guggenheim boosted their price objective on shares of Meta Platforms from $800.00 to $850.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Wells Fargo & Company upped their target price on Meta Platforms from $849.00 to $856.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Piper Sandler lifted their price target on Meta Platforms from $840.00 to $880.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $844.44.

Check Out Our Latest Analysis on META

Meta Platforms Company Profile

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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.

Further Reading

Insider Buying and Selling by Quarter for Meta Platforms (NASDAQ:META)

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