Andrew Bosworth Sells 5,063 Shares of Meta Platforms (NASDAQ:META) Stock

Meta Platforms, Inc. (NASDAQ:META) CTO Andrew Bosworth sold 5,063 shares of the business’s stock in a transaction dated Saturday, November 15th. The shares were sold at an average price of $609.46, for a total value of $3,085,695.98. Following the completion of the transaction, the chief technology officer directly owned 6,936 shares in the company, valued at $4,227,214.56. This represents a 42.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Meta Platforms Trading Down 0.7%

NASDAQ META traded down $4.32 during trading hours on Tuesday, hitting $597.69. 25,416,877 shares of the company’s stock were exchanged, compared to its average volume of 15,371,469. The firm has a market cap of $1.51 trillion, a price-to-earnings ratio of 26.40, a PEG ratio of 1.35 and a beta of 1.20. The stock has a 50-day simple moving average of $710.72 and a 200 day simple moving average of $706.49. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.74 by $0.51. The firm had revenue of $51.24 billion for 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 company’s revenue was up 26.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. On average, equities analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.4%. Meta Platforms’s dividend payout ratio is currently 9.28%.

Wall Street Analysts Forecast Growth

META has been the subject of a number of research reports. Royal Bank Of Canada reduced their price target on shares of Meta Platforms from $840.00 to $810.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Bank of America reduced their target price on Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. KeyCorp dropped their price target on Meta Platforms from $905.00 to $875.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Citizens Jmp increased their price target on Meta Platforms from $750.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Finally, Stifel Nicolaus reduced their price objective on Meta Platforms from $900.00 to $875.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $827.60.

Institutional Trading of Meta Platforms

Several hedge funds have recently added to or reduced their stakes in META. Westchester Capital Management Inc. bought a new stake in shares of Meta Platforms during the third quarter valued at about $26,000. Bare Financial Services Inc bought a new stake in Meta Platforms during the 2nd quarter worth approximately $30,000. Evergreen Private Wealth LLC increased 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 worth $40,000 after acquiring an additional 38 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Meta Platforms in the 1st quarter worth approximately $33,000. Finally, Briaud Financial Planning Inc bought a new position in Meta Platforms in the 2nd quarter valued at $42,000. Institutional investors own 79.91% of the company’s stock.

Meta Platforms Company Profile

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, 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, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.