How Have Meta Platforms Inc. (META) Insiders Been Trading?

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Meta Platforms Inc. (NASDAQ:META) finished Thursday with an addition of $0.7 to close at $142.82, an upside of 0.49 percent. An average of 31,653,320 shares of common stock have been traded in the last five days. There was a fall of -$6.73 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 27,867,996 shares traded, while the 50-day average volume stands at 27,881,410.

META stock has decreased by -11.35% in the last month. The company shares reached their 1-month lowest point of $140.87 on 09/22/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $142.00 and a high of $355.15 in 52 weeks. It has reached a new high 2 times so far this year and lost -57.54% or -$193.53 in price. In spite of this, the price is down -59.79% from the 52-week high.


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Insider Transactions

3 days have passed since Meta Platforms Inc. (META) last reported insider trading activity. Newstead Jennifer, who is Chief Legal Officer, most recently acquired $342 shares at $145.77 per share on Sep 20. In this transaction, the insider spent $49,853. Chief Legal Officer, Newstead Jennifer, disposed of 342 shares at a price of $161.23 on Sep 13. The insider now owns more than $55,141 worth of shares. Prior to that, Chief Legal Officer Newstead Jennifer went on to Sale 342 shares at $160.06 each on Sep 06. An amount of $54,741 was transacted.

Valuation Metrics

Meta Platforms Inc. (META) has a trailing price-to-earnings (P/E) ratio of 11.84. The stock’s beta is 1.31. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.29, the price-to-book (PB) ratio at 3.07, and the price-to-cash flow ratio at 10.97.

Financial Health

The quick ratio of Meta Platforms Inc. for the three months ended June 29 was 2.50, and the current ratio was 2.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $95.28 billion compared to revenue of $117.93 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Meta Platforms Inc.’s return on assets was 20.10%.

Earnings Surprise

For the three-month period that ended June 29, Meta Platforms Inc. had $27.81 billion in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $6.69 billion in the quarter, while revenues of $7.46 billion were shrunk -55.44%. The analyst consensus anticipated Meta Platforms Inc.’s latest quarter earnings to come in at $2.59 per share, but it turned out to be $2.46, a -5.00% surprise. For the quarter, EBITDA amounted to $10.34 billion. Shareholders own equity worth $2.69 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Meta Platforms Inc. (META) price momentum. RSI 9-day as of the close on 22 September was 29.14%, suggesting the stock is oversold, with historical volatility in this time frame at 45.87%.

As of today, META’s price is $145.07 -4.50% or -$6.73 from its 5-day moving average. META is currently trading -12.52% lower than its 20-day SMA and -28.76% lower than its 100-day SMA. However, the stock’s current price level is -12.64% below the SMA50 and -55.07% below the SMA200.

The stochastic %K and %D were 4.48% and 6.89%, respectively, and the average true range (ATR) was 5.83. With the 14-day stochastic at 6.39% and the average true range at 6.10, the RSI (14) stands at 33.90%. The stock has reached -6.15 on the 9-day MACD Oscillator while the 14-day reading was at -10.53.

Analyst Ratings

Morgan Stanley reiterated its an Overweight rating on Meta Platforms Inc. (NASDAQ: META), but raised their price target to $280, indicating a potential price increase of 48.99% for the stock. The consensus rating for Meta Platforms Inc. (META) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell META, while 14 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 6 analysts, while 32 others rate it as a “buy”.

What is META’s price target for the next 12 months?

Analysts predict a range of price targets between $150.00 and $292.00, with a median target of $215.00. Taking a look at these predictions, the average price target given by analysts for Meta Platforms Inc. (META) stock is $216.67.

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