Meta Platforms (NASDAQ:META) Director Robert Kimmitt Sells 580 Shares

by · The Markets Daily

Meta Platforms, Inc. (NASDAQ:META – Get Free Report) Director Robert Kimmitt sold 580 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $618.28, for a total value of $358,602.40. Following the sale, the director owned 5,587 shares of the company’s stock, valued at approximately $3,454,330.36. This represents a 9.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Meta Platforms Stock Down 2.6%

NASDAQ META traded down $16.13 during trading on Tuesday, hitting $604.12. The company’s stock had a trading volume of 15,097,130 shares, compared to its average volume of 9,937,207. The company has a market cap of $1.52 trillion, a PE ratio of 26.68, a P/E/G ratio of 1.22 and a beta of 1.29. 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 business’s 50 day simple moving average is $640.79 and its 200-day simple moving average is $699.31. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25.

Meta Platforms (NASDAQ:META – Get Free Report) 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 analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. During the same quarter in the prior year, the business posted $6.03 EPS. Meta Platforms’s revenue for the quarter was up 26.2% compared to the same quarter last year. On average, equities analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 15th were given a $0.525 dividend. The ex-dividend date was Monday, December 15th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s dividend payout ratio is currently 9.28%.

Trending Headlines about Meta Platforms

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

  • Positive Sentiment: Threads’ mobile daily users have reportedly passed X, indicating stronger engagement that could help ad monetization and user-growth narrative. Read More.
  • Positive Sentiment: Instagram is shifting most ad inventory into Reels (over half of Instagram ads in 2025), supporting the company’s short‑form video monetization strategy. Read More.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on META. Canaccord Genuity Group reissued a “buy” rating and issued a $900.00 price target on shares of Meta Platforms in a report on Thursday, October 30th. Robert W. Baird cut their target price on shares of Meta Platforms from $820.00 to $815.00 and set an “outperform” rating for the company in a research note on Tuesday, December 23rd. UBS Group lowered their price objective on Meta Platforms from $915.00 to $830.00 and set a “buy” rating on the stock in a report on Tuesday. Erste Group Bank downgraded Meta Platforms from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Roth Capital reiterated a “buy” rating on shares of Meta Platforms in a research report on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $821.07.

Get Our Latest Stock Analysis on Meta Platforms

Institutional Trading of Meta Platforms

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Westchester Capital Management Inc. purchased a new position in Meta Platforms during the 3rd quarter valued at about $26,000. Bare Financial Services Inc acquired a new stake in shares of Meta Platforms in the second quarter valued at $30,000. Evergreen Private Wealth LLC boosted its holdings in Meta Platforms by 237.5% in 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 during the period. Briaud Financial Planning Inc acquired a new position in Meta Platforms during the 2nd quarter worth $42,000. Finally, Knuff & Co LLC acquired a new stake in Meta Platforms in the 2nd quarter valued at about $44,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms Company Profile

(Get Free Report)

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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