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Meta Platforms, Inc. (NASDAQ:FB) Insider Sells $2,036,252.24 in Stock


Meta Platforms, Inc. (NASDAQ:FB – Get Rating) insider Marne L. Levine sold 10,252 shares of Meta Platforms stock in a transaction that occurred on Sunday, May 15th. The shares were sold at an average price of $198.62, for a total transaction of $2,036,252.24. Following the completion of the transaction, the insider now owns 23,010 shares of the company’s stock, valued at approximately $4,570,246.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

FB opened at $202.62 on Wednesday. Meta Platforms, Inc. has a 12-month low of $169.00 and a 12-month high of $384.33. The firm has a market capitalization of $548.35 billion, a PE ratio of 15.33, a P/E/G ratio of 1.26 and a beta of 1.37. The firm has a 50 day moving average of $208.02 and a two-hundred day moving average of $266.30.

Meta Platforms (NASDAQ:FB – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The social networking company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.66 by $0.06. Meta Platforms had a net margin of 31.20% and a return on equity of 28.74%. During the same period last year, the firm posted $3.30 earnings per share. As a group, equities research analysts anticipate that Meta Platforms, Inc. will post 11.63 EPS for the current fiscal year.

A number of analysts have recently weighed in on the company. UBS Group raised their target price on Meta Platforms from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, April 5th. Morgan Stanley increased their price target on shares of Meta Platforms from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, April 28th. Wolfe Research dropped their price objective on shares of Meta Platforms from $410.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday, February 3rd. JMP Securities decreased their price objective on Meta Platforms from $350.00 to $265.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 19th. Finally, BMO Capital Markets dropped their target price on Meta Platforms from $290.00 to $225.00 in a research report on Friday, April 22nd. One research analyst has rated the stock with a sell rating, fourteen have assigned 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, Meta Platforms presently has a consensus rating of “Buy” and an average target price of $316.73.

Hedge funds have recently modified their holdings of the business. Autus Asset Management LLC increased its position in shares of Meta Platforms by 5.4% in the 4th quarter. Autus Asset Management LLC now owns 643 shares of the social networking company’s stock valued at $217,000 after purchasing an additional 33 shares during the period. Well Done LLC increased its position in shares of Meta Platforms by 1.9% in the 4th quarter. Well Done LLC now owns 1,829 shares of the social networking company’s stock valued at $615,000 after purchasing an additional 34 shares during the period. Summit Wealth Group LLC increased its position in shares of Meta Platforms by 4.2% in the 3rd quarter. Summit Wealth Group LLC now owns 894 shares of the social networking company’s stock valued at $303,000 after purchasing an additional 36 shares during the period. JGP Wealth Management LLC increased its position in shares of Meta Platforms by 1.9% in the 4th quarter. JGP Wealth Management LLC now owns 1,903 shares of the social networking company’s stock valued at $617,000 after purchasing an additional 36 shares during the period. Finally, Van Leeuwen & Company LLC increased its position in shares of 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 purchasing an additional 38 shares during the period. 65.49% of the stock is currently owned by institutional investors.

Meta Platforms Company Profile (GetRating)

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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