Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg Sells 35,921 Shares

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) CEO Mark Zuckerberg sold 35,921 shares of Meta Platforms stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $626.80, for a total transaction of $22,515,282.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Friday, January 17th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The shares were sold at an average price of $613.85, for a total value of $22,050,105.85.
  • On Monday, January 13th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The stock was sold at an average price of $604.69, for a total value of $21,721,069.49.
  • On Wednesday, January 15th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The shares were sold at an average price of $616.16, for a total transaction of $22,133,083.36.
  • On Friday, January 10th, Mark Zuckerberg sold 12,975 shares of Meta Platforms stock. The stock was sold at an average price of $615.41, for a total transaction of $7,984,944.75.
  • On Monday, January 6th, Mark Zuckerberg sold 12,975 shares of Meta Platforms stock. The stock was sold at an average price of $618.42, for a total transaction of $8,023,999.50.
  • On Wednesday, January 8th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The stock was sold at an average price of $611.10, for a total value of $21,951,323.10.
  • On Friday, January 3rd, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The stock was sold at an average price of $603.98, for a total value of $21,695,565.58.
  • On Friday, December 27th, Mark Zuckerberg sold 2,311 shares of Meta Platforms stock. The stock was sold at an average price of $600.21, for a total transaction of $1,387,085.31.
  • On Tuesday, December 24th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The stock was sold at an average price of $604.46, for a total transaction of $21,712,807.66.
  • On Friday, December 20th, Mark Zuckerberg sold 10,100 shares of Meta Platforms stock. The shares were sold at an average price of $601.54, for a total value of $6,075,554.00.

Meta Platforms Stock Performance

Shares of META stock traded up $7.04 on Wednesday, reaching $623.50. The stock had a trading volume of 12,255,768 shares, compared to its average volume of 13,043,130. Meta Platforms, Inc. has a 12 month low of $382.08 and a 12 month high of $638.40. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $1.57 trillion, a price-to-earnings ratio of 29.37, a P/E/G ratio of 1.16 and a beta of 1.19. The firm’s 50-day moving average is $598.87 and its two-hundred day moving average is $558.76.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.19 by $0.84. The business had revenue of $40.59 billion during the quarter, compared to the consensus estimate of $40.21 billion. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. On average, research analysts expect that Meta Platforms, Inc. will post 22.96 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.32%. The ex-dividend date was Monday, December 16th. Meta Platforms’s payout ratio is 9.42%.

Hedge Funds Weigh In On Meta Platforms

Institutional investors and hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its holdings in Meta Platforms by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,827,565 shares of the social networking company’s stock valued at $7,915,451,000 after buying an additional 118,298 shares during the period. LS Investment Advisors LLC increased its stake in Meta Platforms by 111.4% in the third quarter. LS Investment Advisors LLC now owns 11,679 shares of the social networking company’s stock valued at $6,686,000 after acquiring an additional 6,155 shares during the last quarter. Cutter & CO Brokerage Inc. raised its position in Meta Platforms by 0.7% during the third quarter. Cutter & CO Brokerage Inc. now owns 9,735 shares of the social networking company’s stock valued at $5,573,000 after purchasing an additional 65 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Meta Platforms by 1.4% during the third quarter. Janney Montgomery Scott LLC now owns 412,046 shares of the social networking company’s stock worth $235,872,000 after purchasing an additional 5,594 shares during the last quarter. Finally, M&G PLC boosted its holdings in shares of Meta Platforms by 14.6% in the 3rd quarter. M&G PLC now owns 721,339 shares of the social networking company’s stock valued at $412,606,000 after purchasing an additional 91,773 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Pivotal Research increased their target price on Meta Platforms from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price objective on Meta Platforms from $660.00 to $725.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Morgan Stanley raised their target price on Meta Platforms from $600.00 to $660.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Robert W. Baird boosted their price target on Meta Platforms from $605.00 to $630.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, Mizuho raised their price objective on Meta Platforms from $650.00 to $675.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and an average price target of $652.98.

View Our Latest Report on META

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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