Andrew Bosworth Sells 11,690 Shares of Meta Platforms (NASDAQ:META) Stock

Meta Platforms, Inc. (NASDAQ:META) CTO Andrew Bosworth sold 11,690 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $593.31, for a total value of $6,935,793.90. Following the completion of the sale, the chief technology officer directly owned 2,415 shares of the company’s stock, valued at $1,432,843.65. This trade represents a 82.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Andrew Bosworth also recently made the following trade(s):

• On Saturday, November 15th, Andrew Bosworth sold 5,063 shares of Meta Platforms stock. The stock was sold at an average price of $609.46, for a total value of $3,085,695.98.

Meta Platforms Stock Down 0.2%

NASDAQ META traded down $1.10 during mid-day trading on Thursday, hitting $589.22. The company’s stock had a trading volume of 20,484,471 shares, compared to its average volume of 15,436,927. The firm has a market capitalization of $1.49 trillion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.25 and a beta of 1.20. The company’s 50 day simple moving average is $704.12 and its 200 day simple moving average is $705.68. 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 twelve month low of $479.80 and a twelve month high of $796.25.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. The firm had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business’s revenue was up 26.2% on a year-over-year basis. During the same period last year, the company earned $6.03 earnings per share. Meta Platforms has set its Q4 2025 guidance at EPS. Analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were given 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 of this dividend was Monday, September 22nd. Meta Platforms’s dividend payout ratio is currently 9.28%.

Analyst Upgrades and Downgrades

Several brokerages have commented on META. Royal Bank Of Canada cut their target price on Meta Platforms from $840.00 to $810.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Wedbush reissued an “outperform” rating and set a $920.00 price target on shares of Meta Platforms in a research note on Thursday, October 30th. Monness Crespi & Hardt decreased their price target on Meta Platforms from $860.00 to $808.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Canaccord Genuity Group reissued a “buy” rating and issued a $900.00 target price on shares of Meta Platforms in a research note on Thursday, October 30th. Finally, Stifel Nicolaus reduced their price target on shares of Meta Platforms from $900.00 to $875.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $825.05.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Westchester Capital Management Inc. purchased a new stake in Meta Platforms in the third quarter worth about $26,000. Bare Financial Services Inc purchased a new stake in shares of Meta Platforms in the 2nd quarter worth approximately $30,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Meta Platforms during the first quarter valued at approximately $33,000. Evergreen Private Wealth LLC boosted its stake in shares of Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after purchasing an additional 38 shares in the last quarter. Finally, Briaud Financial Planning Inc purchased a new position in Meta Platforms during the second quarter valued at approximately $42,000. Institutional investors own 79.91% of the company’s stock.

About Meta Platforms

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.