Meta Platforms, Inc. (NASDAQ:META - Get Free Report) CEO Mark Zuckerberg sold 16,702 shares of the firm's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $526.94, for a total value of $8,800,951.88. Following the transaction, the chief executive officer now directly owns 46,292 shares of the company's stock, valued at approximately $24,393,106.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Mark Zuckerberg also recently made the following trade(s):
- On Wednesday, August 21st, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The shares were sold at an average price of $533.24, for a total transaction of $8,906,174.48.
- On Friday, August 16th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The stock was sold at an average price of $529.09, for a total transaction of $8,836,861.18.
- On Monday, August 12th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The stock was sold at an average price of $514.89, for a total transaction of $8,599,692.78.
- 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 value 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 value 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 value of $3,299,931.36.
- On Friday, August 2nd, Mark Zuckerberg sold 150 shares of Meta Platforms stock. The shares were sold at an average price of $500.49, for a total value 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 value 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 shares were sold at an average price of $530.75, for a total transaction of $8,864,586.50.
Meta Platforms Trading Up 1.6 %
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Shares of NASDAQ:META opened at $535.16 on Thursday. Meta Platforms, Inc. has a 52-week low of $276.03 and a 52-week high of $542.81. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.83. The company has a market cap of $1.36 trillion, a P/E ratio of 30.74, a P/E/G ratio of 1.27 and a beta of 1.21. The stock's 50-day moving average is $501.93 and its 200-day moving average is $490.13.
Meta Platforms (NASDAQ:META - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $38.26 billion. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The company's revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.23 EPS. Equities research analysts predict that Meta Platforms, Inc. will post 20.5 earnings per share 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 dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Friday, June 14th. Meta Platforms's dividend payout ratio (DPR) is currently 11.49%.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the stock. Guggenheim boosted their target price on shares of Meta Platforms from $500.00 to $600.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Evercore ISI increased their price objective on Meta Platforms from $550.00 to $600.00 and gave the stock an "outperform" rating in a research note on Thursday, August 1st. Citigroup lifted their target price on Meta Platforms from $550.00 to $580.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Sanford C. Bernstein increased their price target 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. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Meta Platforms from $525.00 to $585.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $574.41.
View Our Latest Research Report on META
Institutional Trading of Meta Platforms
A number of hedge funds have recently bought and sold shares of META. Monument Capital Management bought a new stake in shares of Meta Platforms in the fourth quarter valued at about $249,000. Larson Financial Group LLC raised its holdings in Meta Platforms by 2.8% in the 4th quarter. Larson Financial Group LLC now owns 5,633 shares of the social networking company's stock valued at $1,994,000 after acquiring an additional 154 shares in the last quarter. SlateStone Wealth LLC lifted its position in shares of Meta Platforms by 34.9% in the 4th quarter. SlateStone Wealth LLC now owns 3,244 shares of the social networking company's stock worth $1,148,000 after acquiring an additional 839 shares during the period. Community Bank & Trust Waco Texas acquired a new stake in shares of Meta Platforms during the 4th quarter worth approximately $332,000. Finally, Masso Torrence Wealth Management Inc. increased its position in shares of Meta Platforms by 4.0% during the fourth quarter. Masso Torrence Wealth Management Inc. now owns 1,230 shares of the social networking company's stock valued at $435,000 after purchasing an additional 47 shares during the period. 79.91% of the stock is owned by institutional investors.
Meta Platforms Company Profile
(
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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