Meta Platforms, Inc. (NASDAQ:FB – Get Rating) CTO Andrew Bosworth sold 10,126 shares of the firm’s stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $203.35, for a total transaction of $2,059,122.10. Following the sale, the chief technology officer now directly owns 4,544 shares in the company, valued at approximately $924,022.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Andrew Bosworth also recently made the following trade(s):
- On Sunday, May 15th, Andrew Bosworth sold 11,718 shares of Meta Platforms stock. The shares were sold at an average price of $198.62, for a total value of $2,327,429.16.
NASDAQ FB traded up $2.58 during trading hours on Tuesday, hitting $202.62. 24,851,536 shares of the company’s stock were exchanged, compared to its average volume of 36,025,316. The business’s 50 day moving average is $208.02 and its 200-day moving average is $266.30. 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 $548.36 billion, a P/E ratio of 15.33, a price-to-earnings-growth ratio of 1.26 and a beta of 1.37.
Several hedge funds have recently bought and sold shares of the company. Wall Street Access Asset Management LLC grew its stake in shares of Meta Platforms by 16.0% in the first quarter. Wall Street Access Asset Management LLC now owns 16,996 shares of the social networking company’s stock valued at $3,779,000 after buying an additional 2,339 shares in the last quarter. Walleye Capital LLC grew its stake in Meta Platforms by 3,004.6% during the 1st quarter. Walleye Capital LLC now owns 45,048 shares of the social networking company’s stock valued at $10,017,000 after purchasing an additional 43,597 shares in the last quarter. Wealthfront Advisers LLC grew its stake in Meta Platforms by 5.7% during the 1st quarter. Wealthfront Advisers LLC now owns 170,656 shares of the social networking company’s stock valued at $37,947,000 after purchasing an additional 9,232 shares in the last quarter. Heirloom Wealth Management grew its stake in Meta Platforms by 13.5% during the 1st quarter. Heirloom Wealth Management now owns 38,064 shares of the social networking company’s stock valued at $7,560,000 after purchasing an additional 4,524 shares in the last quarter. Finally, Continuum Advisory LLC grew its stake in Meta Platforms by 115.7% during the 1st quarter. Continuum Advisory LLC now owns 14,261 shares of the social networking company’s stock valued at $2,859,000 after purchasing an additional 7,648 shares in the last quarter. Institutional investors and hedge funds own 65.49% of the company’s stock.
FB has been the topic of several analyst reports. BMO Capital Markets reduced their price target on Meta Platforms from $290.00 to $225.00 in a report on Friday, April 22nd. StockNews.com initiated coverage on Meta Platforms in a report on Thursday, March 31st. They set a “hold” rating on the stock. Canaccord Genuity Group reduced their price target on Meta Platforms from $360.00 to $330.00 in a report on Thursday, April 28th. Citigroup upgraded shares of Meta Platforms from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $258.00 to $300.00 in a report on Wednesday, April 20th. Finally, Benchmark began coverage on shares of Meta Platforms in a report on Tuesday, March 1st. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Meta Platforms currently has an average rating of “Buy” and an average target price of $316.80.
About Meta Platforms (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Meta Platforms (FB)
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