Mark Zuckerberg Sells 2,011 Shares of Meta Platforms, Inc. (NASDAQ:META) Stock

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) CEO Mark Zuckerberg sold 2,011 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $500.92, for a total transaction of $1,007,350.12. Following the sale, the chief executive officer now owns 318,932 shares of the company’s stock, valued at $159,759,417.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Tuesday, June 11th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The shares were sold at an average price of $503.18, for a total transaction of $8,404,112.36.
  • On Monday, April 1st, Mark Zuckerberg sold 31,465 shares of Meta Platforms stock. The shares were sold at an average price of $491.49, for a total transaction of $15,464,732.85.
  • On Monday, March 25th, Mark Zuckerberg sold 77,412 shares of Meta Platforms stock. The shares were sold at an average price of $504.82, for a total transaction of $39,079,125.84.
  • On Wednesday, March 27th, Mark Zuckerberg sold 31,493 shares of Meta Platforms stock. The shares were sold at an average price of $492.14, for a total transaction of $15,498,965.02.
  • On Friday, March 22nd, Mark Zuckerberg sold 77,412 shares of Meta Platforms stock. The stock was sold at an average price of $506.92, for a total transaction of $39,241,691.04.
  • On Monday, March 18th, Mark Zuckerberg sold 31,493 shares of Meta Platforms stock. The stock was sold at an average price of $492.37, for a total transaction of $15,506,208.41.
  • On Wednesday, March 20th, Mark Zuckerberg sold 31,493 shares of Meta Platforms stock. The stock was sold at an average price of $500.32, for a total transaction of $15,756,577.76.
  • On Friday, March 15th, Mark Zuckerberg sold 77,412 shares of Meta Platforms stock. The stock was sold at an average price of $485.11, for a total transaction of $37,553,335.32.
  • On Wednesday, March 13th, Mark Zuckerberg sold 77,412 shares of Meta Platforms stock. The stock was sold at an average price of $495.66, for a total transaction of $38,370,031.92.

Meta Platforms Trading Up 0.3 %

META stock opened at $508.84 on Thursday. The firm has a fifty day moving average price of $480.99 and a 200 day moving average price of $439.92. Meta Platforms, Inc. has a fifty-two week low of $268.32 and a fifty-two week high of $531.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.68. The firm has a market cap of $1.29 trillion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 1.30 and a beta of 1.21.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. The company had revenue of $36.46 billion during the quarter, compared to the consensus estimate of $36.28 billion. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. Sell-side analysts anticipate that Meta Platforms, Inc. will post 20.16 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Friday, June 14th will be given a $0.50 dividend. The ex-dividend date is Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.39%. Meta Platforms’s dividend payout ratio is presently 11.49%.

Institutional Trading of Meta Platforms

A number of institutional investors have recently bought and sold shares of META. S.A. Mason LLC lifted its position in shares of Meta Platforms by 1.5% during the first quarter. S.A. Mason LLC now owns 1,328 shares of the social networking company’s stock worth $645,000 after purchasing an additional 20 shares during the last quarter. Horizon Bancorp Inc. IN lifted its position in shares of Meta Platforms by 2.0% during the first quarter. Horizon Bancorp Inc. IN now owns 1,057 shares of the social networking company’s stock worth $513,000 after purchasing an additional 21 shares during the last quarter. Northern Capital Management Inc. lifted its position in shares of Meta Platforms by 3.4% during the first quarter. Northern Capital Management Inc. now owns 647 shares of the social networking company’s stock worth $314,000 after purchasing an additional 21 shares during the last quarter. Hanson & Doremus Investment Management lifted its position in shares of Meta Platforms by 5.3% during the first quarter. Hanson & Doremus Investment Management now owns 435 shares of the social networking company’s stock worth $211,000 after purchasing an additional 22 shares during the last quarter. Finally, LongView Wealth Management lifted its position in shares of Meta Platforms by 1.3% during the first quarter. LongView Wealth Management now owns 1,762 shares of the social networking company’s stock worth $856,000 after purchasing an additional 22 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. TD Cowen dropped their price target on shares of Meta Platforms from $590.00 to $530.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. JPMorgan Chase & Co. dropped their price target on shares of Meta Platforms from $535.00 to $480.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Roth Mkm upped their price target on shares of Meta Platforms from $500.00 to $510.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. UBS Group dropped their price target on shares of Meta Platforms from $610.00 to $575.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Finally, Wedbush dropped their price target on shares of Meta Platforms from $570.00 to $480.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus price target of $510.41.

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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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