Meta Platforms, Inc. (NASDAQ:META - Get Free Report) CEO Mark Zuckerberg sold 9,760 shares of the firm's stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $502.87, for a total transaction of $4,908,011.20. Following the completion of the transaction, the chief executive officer now directly owns 247,915 shares in the company, valued at $124,669,016.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Mark Zuckerberg also recently made the following trade(s):
- On Wednesday, June 26th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The shares were sold at an average price of $510.88, for a total transaction of $8,532,717.76.
- On Friday, June 21st, Mark Zuckerberg sold 2,054 shares of Meta Platforms stock. The shares were sold at an average price of $501.05, for a total transaction of $1,029,156.70.
- On Friday, June 14th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The stock was sold at an average price of $503.34, for a total transaction of $8,406,784.68.
- On Tuesday, June 11th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The stock was sold at an average price of $503.18, for a total transaction of $8,404,112.36.
- On Thursday, June 6th, Mark Zuckerberg sold 2,011 shares of Meta Platforms stock. The stock was sold at an average price of $500.92, for a total transaction of $1,007,350.12.
- On Monday, April 1st, Mark Zuckerberg sold 31,465 shares of Meta Platforms stock. The stock was sold at an average price of $491.49, for a total transaction of $15,464,732.85.
Meta Platforms Price Performance
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META opened at $513.12 on Thursday. The company has a market capitalization of $1.30 trillion, a price-to-earnings ratio of 29.47, a PEG ratio of 1.33 and a beta of 1.21. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $479.18 and a 200-day moving average price of $452.22. Meta Platforms, Inc. has a twelve month low of $274.38 and a twelve month high of $531.49.
Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, topping the consensus estimate of $4.32 by $0.39. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The firm had revenue of $36.46 billion during the quarter, compared to the consensus estimate of $36.28 billion. Equities analysts expect that Meta Platforms, Inc. will post 20.16 EPS for the current year.
Meta Platforms Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Friday, June 14th were given a $0.50 dividend. The ex-dividend date was Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.39%. Meta Platforms's dividend payout ratio (DPR) is currently 11.49%.
Analyst Ratings Changes
A number of brokerages recently commented on META. JMP Securities restated a "market outperform" rating and set a $550.00 price objective on shares of Meta Platforms in a report on Monday, April 22nd. Rosenblatt Securities boosted their price objective on shares of Meta Platforms from $520.00 to $562.00 and gave the stock a "buy" rating in a research note on Thursday, April 25th. Canaccord Genuity Group reduced their target price on shares of Meta Platforms from $610.00 to $575.00 and set a "buy" rating for the company in a report on Thursday, April 25th. Royal Bank of Canada reduced their target price on shares of Meta Platforms from $600.00 to $570.00 and set an "outperform" rating for the company in a report on Thursday, April 25th. Finally, Jefferies Financial Group cut their price objective on shares of Meta Platforms from $585.00 to $540.00 and set a "buy" rating for the company in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have assigned a buy rating and two have issued 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 target price of $510.05.
Check Out Our Latest Analysis on META
Hedge Funds Weigh In On Meta Platforms
A number of large investors have recently modified their holdings of META. Old Port Advisors lifted its position in Meta Platforms by 2.5% during the first quarter. Old Port Advisors now owns 2,535 shares of the social networking company's stock valued at $1,231,000 after purchasing an additional 62 shares during the last quarter. HM Payson & Co. lifted its position in Meta Platforms by 8.1% during the first quarter. HM Payson & Co. now owns 93,423 shares of the social networking company's stock valued at $45,365,000 after purchasing an additional 7,007 shares during the last quarter. Chelsea Counsel Co. bought a new stake in Meta Platforms during the first quarter valued at approximately $194,000. Mosaic Family Wealth Partners LLC lifted its position in Meta Platforms by 3.1% during the first quarter. Mosaic Family Wealth Partners LLC now owns 1,352 shares of the social networking company's stock valued at $656,000 after purchasing an additional 41 shares during the last quarter. Finally, Jackson Wealth Management LLC purchased a new position in shares of Meta Platforms during the first quarter worth approximately $599,000. 79.91% of the stock is currently owned by institutional investors.
About Meta Platforms
(
Get Free Report)
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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