On February 20, 2024, Chief Legal Officer Jennifer Newstead sold 585 shares of Meta Platforms Inc (META, Financial), as indicated by a recent SEC filing. The transaction was executed with the shares priced at $469.88 each, resulting in a total sale amount of $274,879.80.
Meta Platforms Inc, known for its social media and technology services, including the Facebook platform, Instagram, WhatsApp, and Oculus, operates in a dynamic and competitive industry. The company focuses on connecting people through its various applications and continues to innovate in the field of virtual reality and augmented reality technologies.
Over the past year, Jennifer Newstead has sold a total of 30,892 shares of Meta Platforms Inc and has not made any share purchases. This latest transaction continues the trend of insider selling at the company.
The insider transaction history for Meta Platforms Inc reveals a pattern of insider sales, with 164 insider sells and no insider buys over the past year.
On the valuation front, Meta Platforms Inc's shares were trading at $469.88 on the day of the insider's recent sale, giving the company a market capitalization of $1,239,214.834 billion. The price-earnings ratio stands at 32.63, which is above the industry median of 21.385 but below the company's historical median price-earnings ratio.
According to the GuruFocus Value, with a share price of $469.88 and a GF Value of $342.72, Meta Platforms Inc is currently Significantly Overvalued, with a price-to-GF-Value ratio of 1.37.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
The insider trend image above reflects the ongoing insider selling activity at Meta Platforms Inc.
The GF Value image above indicates that Meta Platforms Inc's stock is currently trading above its intrinsic value estimate according to GuruFocus metrics.
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.
