On November 19, 2024, Jennifer Newstead, Chief Legal Officer of Meta Platforms Inc (META, Financial), sold 905 shares of the company. Following this transaction, the insider now owns 38,695 shares of the company. The details of this transaction can be found in the SEC Filing.
Meta Platforms Inc, formerly known as Facebook, is a leading technology company that focuses on building products that enable people to connect and share through mobile devices, personal computers, and other surfaces. The company operates through two segments: Family of Apps and Reality Labs. The Family of Apps segment includes Facebook, Instagram, Messenger, and WhatsApp, while the Reality Labs segment focuses on augmented and virtual reality-related consumer hardware, software, and content.
Over the past year, Jennifer Newstead has sold a total of 38,235 shares and has not purchased any shares. The insider transaction history for Meta Platforms Inc shows that there have been 0 insider buys and 282 insider sells over the same timeframe.
On the day of the recent sale, shares of Meta Platforms Inc were trading at $552.3 each, giving the stock a market cap of $1,421,514.248 million. The company's price-earnings ratio is 26.52, which is higher than the industry median of 19.54 but lower than the company’s historical median price-earnings ratio.
With a price of $552.3 and a GuruFocus Value of $400.03, Meta Platforms Inc has a price-to-GF-Value ratio of 1.38, indicating that the stock is significantly overvalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples, a GuruFocus adjustment factor, and future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
