Meta Platforms (NASDAQ:META) Director Robert Kimmitt Sells 600 Shares

Meta Platforms, Inc. (NASDAQ:META) Director Robert Kimmitt sold 600 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $609.35, for a total transaction of $365,610.00. Following the transaction, the director owned 7,347 shares in the company, valued at $4,476,894.45. The trade was a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Meta Platforms Trading Down 1.2%

Meta Platforms stock traded down $7.37 during trading on Wednesday, reaching $590.32. 24,495,542 shares of the company were exchanged, compared to its average volume of 15,413,015. 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’s 50 day simple moving average is $707.36 and its two-hundred day simple moving average is $706.50. The company has a market capitalization of $1.49 trillion, a P/E ratio of 26.07, a PEG ratio of 1.34 and a beta of 1.20. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, beating the consensus estimate of $6.74 by $0.51. The business 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 quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company 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. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio is presently 9.28%.

Institutional Investors Weigh In On Meta Platforms

Institutional investors and hedge funds have recently modified their holdings of the company. Westchester Capital Management Inc. purchased a new stake in Meta Platforms in the 3rd quarter valued at approximately $26,000. Bare Financial Services Inc acquired a new position in shares of Meta Platforms in the second quarter worth $30,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Meta Platforms in the first quarter valued at $33,000. Evergreen Private Wealth LLC increased its position 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 purchasing an additional 38 shares in the last quarter. Finally, Briaud Financial Planning Inc acquired a new position in Meta Platforms in the 2nd quarter valued at about $42,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on META shares. Citigroup dropped their price target on shares of Meta Platforms from $915.00 to $850.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Meta Platforms in a report on Thursday, November 13th. Barclays lowered their target price on Meta Platforms from $810.00 to $770.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Rosenblatt Securities upped their price target on Meta Platforms from $1,086.00 to $1,117.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $900.00 price objective on shares of Meta Platforms in a research report on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $825.05.

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.