Meta Platforms (NASDAQ:META) CFO Susan Li Sells 6,418 Shares of Stock

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) CFO Susan Li sold 6,418 shares of the stock in a transaction dated Sunday, February 15th. The stock was sold at an average price of $639.77, for a total transaction of $4,106,043.86. Following the transaction, the chief financial officer owned 73,346 shares in the company, valued at approximately $46,924,570.42. The trade was a 8.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Meta Platforms Price Performance

META opened at $643.22 on Thursday. The firm has a market capitalization of $1.63 trillion, a PE ratio of 27.37, a price-to-earnings-growth ratio of 1.09 and a beta of 1.28. 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 $656.60 and its two-hundred day moving average is $691.28.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The social networking company reported $8.88 earnings per share (EPS) 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 analyst estimates of $58.33 billion. During the same quarter in the prior year, the business posted $8.02 EPS. Meta Platforms’s revenue for the quarter was up 23.8% compared to the same quarter last year. Research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Monday, March 16th will be paid a $0.525 dividend. The ex-dividend date is Monday, March 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio is presently 8.94%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Westchester Capital Management Inc. acquired a new stake in shares of Meta Platforms in the third quarter valued at approximately $26,000. RHL Group LLC acquired a new position in Meta Platforms during the fourth quarter worth $28,000. Strategic Wealth Advisors LLC purchased a new stake in Meta Platforms in the 4th quarter valued at $29,000. Niles Investment Management LLC acquired a new stake in shares of Meta Platforms in the 4th quarter worth $29,000. Finally, Bare Financial Services Inc purchased a new position in shares of Meta Platforms during the 2nd quarter worth $30,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Key Meta Platforms News

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

Analyst Ratings Changes

Several equities research analysts have commented on META shares. Wall Street Zen lowered Meta Platforms from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Wedbush boosted their target price on shares of Meta Platforms from $880.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Pivotal Research lowered their price target on shares of Meta Platforms from $930.00 to $910.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. KeyCorp cut their price objective on shares of Meta Platforms from $875.00 to $835.00 and set an “overweight” rating for the company in a report on Monday, January 26th. Finally, BNP Paribas Exane started coverage on shares of Meta Platforms in a research report on Monday, November 24th. They issued an “outperform” rating and a $800.00 price objective for the company. 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 company. According to MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus price target of $844.29.

Get Our Latest Stock Analysis on Meta Platforms

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.

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