Meta Platforms, Inc. (NASDAQ:META - Get Free Report) CEO Mark Zuckerberg sold 16,702 shares of the firm's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $514.89, for a total transaction of $8,599,692.78. Following the completion of the sale, the chief executive officer now owns 89,927 shares in the company, valued at $46,302,513.03. The sale was disclosed in a document filed with the SEC, which is available at this link.
Mark Zuckerberg also recently made the following trade(s):
- On Wednesday, August 14th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The shares were sold at an average price of $528.51, for a total transaction of $8,827,174.02.
- On Friday, August 9th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The stock was sold at an average price of $513.09, for a total transaction of $8,569,629.18.
- On Wednesday, August 7th, Mark Zuckerberg sold 6,534 shares of Meta Platforms stock. The stock was sold at an average price of $505.04, for a total transaction of $3,299,931.36.
- On Friday, August 2nd, Mark Zuckerberg sold 150 shares of Meta Platforms stock. The stock was sold at an average price of $500.49, for a total transaction of $75,073.50.
- On Tuesday, July 16th, Mark Zuckerberg sold 1,712 shares of Meta Platforms stock. The stock was sold at an average price of $502.27, for a total transaction of $859,886.24.
- On Friday, July 12th, Mark Zuckerberg sold 14,874 shares of Meta Platforms stock. The stock was sold at an average price of $503.38, for a total transaction of $7,487,274.12.
- On Monday, July 8th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The stock was sold at an average price of $530.75, for a total transaction of $8,864,586.50.
- On Wednesday, July 10th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The stock was sold at an average price of $533.87, for a total transaction of $8,916,696.74.
- On Friday, July 5th, Mark Zuckerberg sold 8,727 shares of Meta Platforms stock. The stock was sold at an average price of $528.87, for a total transaction of $4,615,448.49.
- On Monday, July 1st, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The shares were sold at an average price of $503.08, for a total transaction of $8,402,442.16.
Meta Platforms Stock Down 0.3 %
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META stock opened at $526.76 on Thursday. The firm's 50-day simple moving average is $498.92 and its 200 day simple moving average is $485.97. The stock has a market cap of $1.34 trillion, a PE ratio of 30.26, a price-to-earnings-growth ratio of 1.27 and a beta of 1.21. The company has a quick ratio of 2.68, a current ratio of 2.83 and a debt-to-equity ratio of 0.12. Meta Platforms, Inc. has a fifty-two week low of $274.38 and a fifty-two week high of $542.81.
Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, July 31st. The social networking company reported $5.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.70 by $0.46. The firm had revenue of $39.07 billion during the quarter, compared to analyst estimates of $38.26 billion. Meta Platforms had a net margin of 34.34% and a return on equity of 34.16%. Meta Platforms's revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.23 EPS. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 20.5 EPS for the current year.
Meta Platforms Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Investors 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 yield of 0.38%. Meta Platforms's dividend payout ratio is presently 11.49%.
Analyst Ratings Changes
A number of research firms recently commented on META. Canaccord Genuity Group decreased their price objective on shares of Meta Platforms from $610.00 to $575.00 and set a "buy" rating on the stock in a report on Thursday, April 25th. Stifel Nicolaus lifted their target price on shares of Meta Platforms from $550.00 to $590.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. BMO Capital Markets restated a "market perform" rating and set a $450.00 target price on shares of Meta Platforms in a research report on Wednesday, June 12th. Needham & Company LLC restated an "underperform" rating on shares of Meta Platforms in a research report on Thursday, August 1st. Finally, Sanford C. Bernstein lifted their target price on shares of Meta Platforms from $565.00 to $575.00 and gave the stock an "outperform" rating in a research report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus price target of $572.51.
Read Our Latest Analysis on META
Hedge Funds Weigh In On Meta Platforms
A number of institutional investors and hedge funds have recently bought and sold shares of META. Quest Partners LLC purchased a new stake in shares of Meta Platforms in the fourth quarter worth approximately $32,000. Clear Investment Research LLC raised its position in Meta Platforms by 411.1% during the fourth quarter. Clear Investment Research LLC now owns 92 shares of the social networking company's stock valued at $33,000 after acquiring an additional 74 shares in the last quarter. Delos Wealth Advisors LLC raised its position in Meta Platforms by 527.3% during the first quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company's stock valued at $34,000 after acquiring an additional 58 shares in the last quarter. POM Investment Strategies LLC bought a new position in Meta Platforms during the second quarter valued at approximately $38,000. Finally, Ruedi Wealth Management Inc. raised its position in Meta Platforms by 122.2% during the second quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company's stock valued at $40,000 after acquiring an additional 44 shares in the last quarter. Institutional investors own 79.91% of the company's stock.
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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