Meta Platforms, Inc. (NASDAQ:META - Get Free Report) CEO Mark Zuckerberg sold 16,702 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $531.46, for a total value of $8,876,444.92. Following the completion of the sale, the chief executive officer now owns 11,384 shares of the company's stock, valued at approximately $6,050,140.64. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Mark Zuckerberg also recently made the following trade(s):
- On Monday, August 19th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The stock was sold at an average price of $526.94, for a total value of $8,800,951.88.
- On Wednesday, August 21st, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The stock was sold at an average price of $533.24, for a total value of $8,906,174.48.
- On Friday, August 16th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The shares were sold at an average price of $529.09, for a total value of $8,836,861.18.
- On Monday, August 12th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The shares were sold at an average price of $514.89, for a total value 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $503.38, for a total value of $7,487,274.12.
Meta Platforms Stock Down 1.3 %
Biden's Executive Order, Dems Digital Money Legislation, First Step To
From Monetary Gold | Ad
Donald Trump once again sounded the alarm against Fed-controlled digital currencies (CBDCs).
If these plans are implemented, it could mean the end of America as we know it.
This means you must act NOW before it's too late.
Meta Platforms stock opened at $521.12 on Tuesday. The business has a fifty day moving average of $502.96 and a two-hundred day moving average of $491.30. The company has a quick ratio of 2.68, a current ratio of 2.83 and a debt-to-equity ratio of 0.12. The firm has a market cap of $1.32 trillion, a P/E ratio of 29.93, a P/E/G ratio of 1.27 and a beta of 1.21. Meta Platforms, Inc. has a twelve month low of $279.40 and a twelve month high of $544.23.
Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, July 31st. The social networking company reported $5.16 earnings per share for the quarter, topping analysts' consensus estimates of $4.70 by $0.46. The company had revenue of $39.07 billion during 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%. Meta Platforms's revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.23 earnings per share. On average, analysts forecast that Meta Platforms, Inc. will post 20.5 earnings per share for the current fiscal year.
Meta Platforms Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th were issued a dividend of $0.50 per share. 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 currently 11.49%.
Analyst Upgrades and Downgrades
META has been the topic of several analyst reports. Tigress Financial boosted their price objective on Meta Platforms from $575.00 to $645.00 and gave the stock a "strong-buy" rating in a research note on Friday, August 16th. Oppenheimer boosted their price objective on Meta Platforms from $525.00 to $615.00 and gave the stock an "outperform" rating in a research note on Thursday, August 1st. Raymond James boosted their price objective on Meta Platforms from $550.00 to $600.00 and gave the stock a "strong-buy" rating in a research note on Monday, July 1st. Roth Mkm boosted their price objective on Meta Platforms from $510.00 to $550.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Finally, BNP Paribas initiated coverage on Meta Platforms in a research note on Thursday, May 2nd. They set an "underperform" rating and a $360.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus price target of $574.41.
Read Our Latest Stock Analysis on Meta Platforms
Institutional Trading of Meta Platforms
A number of hedge funds have recently bought and sold shares of META. Quest Partners LLC acquired a new position in shares of Meta Platforms during the fourth quarter worth $32,000. Clear Investment Research LLC increased its position in shares of Meta Platforms by 411.1% during the fourth quarter. Clear Investment Research LLC now owns 92 shares of the social networking company's stock worth $33,000 after purchasing an additional 74 shares in the last quarter. Delos Wealth Advisors LLC increased its position in shares of Meta Platforms by 527.3% during the first quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company's stock worth $34,000 after purchasing an additional 58 shares in the last quarter. POM Investment Strategies LLC acquired a new position in shares of Meta Platforms during the second quarter worth $38,000. Finally, Ruedi Wealth Management Inc. increased its position in shares of Meta Platforms by 122.2% during the second quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company's stock worth $40,000 after purchasing an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
