What is the meaning of Luke 15:6?

* The two F.O.G. Bibles & Commentary below are currently a work in progress.

comes home, and calls together his friends and neighbors to tell them, ‘Rejoice with me, for I have found my lost sheep!’

Berean Standard Bible (BSB)

When he comes home, he calls together his friends and his neighbors, saying to them, ‘Rejoice with me, for I have found my sheep which was lost!’

World English Bible (WEB)

And{G2532} when he cometh{G2064}{(G5631)}{G1519} home{G3624}, he calleth together{G4779}{(G5719)} his friends{G5384} and{G2532} neighbours{G1069}, saying{G3004}{(G5723)} unto them{G846}, Rejoice{G4796}{(G5645)} with me{G3427}; for{G3754} I have found{G2147}{(G5627)} my{G3450} sheep{G4263} which{G3588} was lost{G622}{(G5756)}.

Strong's King James

(6) When he comes into his home, he calls together his friends and neighbours, saying to them, "Rejoice with me for I found my lost sheep."

The F.O.G*

[6] "And return home to call your friends and neighbors together, saying, 'Celebrate with me! I've found my lost sheep!'"

The F.O.G Paraphrase

and having come to the house, he doth call together the friends and the neighbours, saying to them, Rejoice with me, because I found my sheep—the lost one.

Young's Literal Translation