Meta Platforms, Inc. (NASDAQ:META) CEO Sells $15,737,772.96 in Stock

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) CEO Mark Zuckerberg sold 34,398 shares of Meta Platforms stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $457.52, for a total transaction of $15,737,772.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Mark Zuckerberg also recently made the following trade(s):

  • On Monday, January 29th, Mark Zuckerberg sold 65,600 shares of Meta Platforms stock. The stock was sold at an average price of $400.50, for a total value of $26,272,800.00.
  • On Wednesday, January 31st, Mark Zuckerberg sold 19,681 shares of Meta Platforms stock. The shares were sold at an average price of $393.85, for a total value of $7,751,361.85.
  • On Friday, January 26th, Mark Zuckerberg sold 19,681 shares of Meta Platforms stock. The stock was sold at an average price of $394.76, for a total value of $7,769,271.56.
  • On Monday, January 22nd, Mark Zuckerberg sold 19,681 shares of Meta Platforms stock. The stock was sold at an average price of $384.54, for a total transaction of $7,568,131.74.
  • On Wednesday, January 24th, Mark Zuckerberg sold 19,681 shares of Meta Platforms stock. The stock was sold at an average price of $392.36, for a total transaction of $7,722,037.16.
  • On Friday, January 19th, Mark Zuckerberg sold 19,681 shares of Meta Platforms stock. The shares were sold at an average price of $381.77, for a total transaction of $7,513,615.37.
  • On Wednesday, January 17th, Mark Zuckerberg sold 19,681 shares of Meta Platforms stock. The shares were sold at an average price of $364.99, for a total value of $7,183,368.19.
  • On Friday, January 12th, Mark Zuckerberg sold 19,681 shares of Meta Platforms stock. The stock was sold at an average price of $374.22, for a total value of $7,365,023.82.
  • On Monday, January 8th, Mark Zuckerberg sold 19,681 shares of Meta Platforms stock. The stock was sold at an average price of $355.25, for a total value of $6,991,675.25.
  • On Wednesday, January 10th, Mark Zuckerberg sold 16,776 shares of Meta Platforms stock. The shares were sold at an average price of $368.89, for a total transaction of $6,188,498.64.

Meta Platforms Stock Down 0.4 %

Shares of META stock opened at $468.11 on Friday. The company has a current ratio of 2.67, a quick ratio of 2.57 and a debt-to-equity ratio of 0.12. Meta Platforms, Inc. has a 12 month low of $167.66 and a 12 month high of $485.96. The stock has a market cap of $1.20 trillion, a P/E ratio of 31.42, a P/E/G ratio of 1.23 and a beta of 1.15. The company has a 50 day simple moving average of $371.59 and a two-hundred day simple moving average of $331.58.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.82 by $0.51. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The firm had revenue of $40.11 billion for the quarter, compared to analysts’ expectations of $39.12 billion. During the same period in the previous year, the firm earned $3.00 EPS. The business’s quarterly revenue was up 24.7% on a year-over-year basis. On average, research analysts expect that Meta Platforms, Inc. will post 19.62 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Wednesday, February 21st.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Roth Mkm upped their target price on Meta Platforms from $365.00 to $500.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Oppenheimer raised their price target on Meta Platforms from $385.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Evercore ISI upped their price target on Meta Platforms from $425.00 to $550.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Jefferies Financial Group boosted their price objective on shares of Meta Platforms from $425.00 to $455.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Finally, Canaccord Genuity Group increased their target price on shares of Meta Platforms from $450.00 to $540.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating, forty have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $494.53.

Read Our Latest Research Report on Meta Platforms

Institutional Investors Weigh In On Meta Platforms

A number of institutional investors have recently bought and sold shares of META. Norges Bank purchased a new position in Meta Platforms in the 4th quarter worth approximately $4,223,148,000. Morgan Stanley bought a new stake in shares of Meta Platforms during the fourth quarter valued at approximately $4,072,543,000. Moneta Group Investment Advisors LLC purchased a new position in shares of Meta Platforms in the fourth quarter worth $1,796,633,000. Legal & General Group Plc bought a new position in shares of Meta Platforms during the fourth quarter worth $1,731,491,000. Finally, FMR LLC grew its stake in Meta Platforms by 4.0% during the third quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock valued at $39,270,443,000 after acquiring an additional 5,001,647 shares in the last quarter. Hedge funds and other institutional investors own 62.87% of the company’s stock.

Meta Platforms Company Profile

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Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.

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Insider Buying and Selling by Quarter for Meta Platforms (NASDAQ:META)

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