On November 26, 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 37,440 shares of Meta Platforms Inc.
Meta Platforms Inc, formerly known as Facebook Inc, is a leading technology company that operates social media platforms such as Facebook, Instagram, and WhatsApp. The company is also involved in virtual reality and augmented reality through its Oculus products and is exploring the development of the metaverse.
The insider transaction history for Meta Platforms Inc indicates that there have been no insider buys over the past year, while there have been 281 insider sells during the same period. Over the past year, Jennifer Newstead has sold a total of 39,140 shares and has not purchased any shares.
On the day of the recent sale, shares of Meta Platforms Inc were trading at $565.3 each, giving the stock a market cap of $1,436,938.873 million. The company's price-earnings ratio stands at 26.81, which is higher than the industry median of 19.15 but lower than the company's historical median price-earnings ratio.
With a trading price of $565.3 and a GF Value of $401.55, Meta Platforms Inc has a price-to-GF-Value ratio of 1.41, 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.
