Meta Platforms, Inc. (NASDAQ:META - Get Free Report) CEO Mark Zuckerberg sold 7,975 shares of the company's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $516.36, for a total value of $4,117,971.00. Following the sale, the chief executive officer now owns 531,884 shares of the company's stock, valued at $274,643,622.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Mark Zuckerberg also recently made the following trade(s):
- On Monday, August 26th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The stock was sold at an average price of $520.48, for a total value of $8,693,056.96.
- On Friday, August 23rd, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The stock was sold at an average price of $531.46, for a total value of $8,876,444.92.
- 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 stock was 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.
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Shares of Meta Platforms stock opened at $516.78 on Thursday. The company has a current ratio of 2.83, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12. The business's 50 day simple moving average is $503.99 and its 200-day simple moving average is $492.19. The stock has a market capitalization of $1.31 trillion, a price-to-earnings ratio of 29.68, a PEG 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 EPS for the quarter, beating the consensus estimate of $4.70 by $0.46. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The firm had revenue of $39.07 billion for the quarter, compared to analysts' expectations of $38.26 billion. During the same period last year, the firm earned $3.23 EPS. The firm's revenue was up 22.1% compared to the same quarter last year. Equities research analysts forecast that Meta Platforms, Inc. will post 20.5 earnings per share for the current year.
Institutional Trading of Meta Platforms
Several large investors have recently added to or reduced their stakes in the business. Kestra Investment Management LLC acquired a new stake in Meta Platforms in the 2nd quarter valued at approximately $7,487,000. Heritage Oak Wealth Advisors LLC acquired a new stake in Meta Platforms in the 2nd quarter valued at approximately $462,000. Souders Financial Advisors increased its position in Meta Platforms by 4.2% in the 2nd quarter. Souders Financial Advisors now owns 6,219 shares of the social networking company's stock valued at $3,136,000 after acquiring an additional 250 shares during the period. New Wave Wealth Advisors LLC acquired a new stake in Meta Platforms in the 2nd quarter valued at approximately $1,963,000. Finally, SPX Gestao de Recursos Ltda acquired a new stake in Meta Platforms in the 2nd quarter valued at approximately $5,083,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on Meta Platforms from $550.00 to $590.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Needham & Company LLC reissued an "underperform" rating on shares of Meta Platforms in a report on Thursday, August 1st. Rosenblatt Securities increased their price target on Meta Platforms from $562.00 to $643.00 and gave the company a "buy" rating in a report on Thursday, August 1st. TD Cowen increased their price target on Meta Platforms from $530.00 to $600.00 and gave the company a "buy" rating in a report on Wednesday, July 10th. Finally, TD Securities increased their price target on Meta Platforms from $530.00 to $600.00 in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, thirty-two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $574.41.
Read Our Latest Report on META
About Meta Platforms
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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.
Further Reading
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