Insider Selling: Meta Platforms, Inc. (NASDAQ:META) CEO Sells 35,921 Shares of Stock

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) CEO Mark Zuckerberg sold 35,921 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $611.10, for a total transaction of $21,951,323.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Mark Zuckerberg also recently made the following trade(s):

  • On Monday, January 6th, Mark Zuckerberg sold 12,975 shares of Meta Platforms stock. The shares were sold at an average price of $618.42, for a total value of $8,023,999.50.
  • On Friday, January 3rd, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The stock was sold at an average price of $603.98, for a total value of $21,695,565.58.
  • On Friday, December 27th, Mark Zuckerberg sold 2,311 shares of Meta Platforms stock. The stock was sold at an average price of $600.21, for a total transaction of $1,387,085.31.
  • On Tuesday, December 24th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The shares were sold at an average price of $604.46, for a total transaction of $21,712,807.66.
  • On Friday, December 20th, Mark Zuckerberg sold 10,100 shares of Meta Platforms stock. The stock was sold at an average price of $601.54, for a total transaction of $6,075,554.00.
  • On Monday, December 16th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The stock was sold at an average price of $624.85, for a total value of $22,445,236.85.
  • On Wednesday, December 18th, Mark Zuckerberg sold 22,035 shares of Meta Platforms stock. The shares were sold at an average price of $618.63, for a total value of $13,631,512.05.
  • On Friday, December 13th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The shares were sold at an average price of $622.24, for a total value of $22,351,483.04.
  • On Monday, December 9th, Mark Zuckerberg sold 12,975 shares of Meta Platforms stock. The stock was sold at an average price of $614.36, for a total transaction of $7,971,321.00.
  • On Wednesday, December 11th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The shares were sold at an average price of $633.25, for a total transaction of $22,746,973.25.

Meta Platforms Price Performance

META opened at $610.72 on Friday. The company has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 28.77, a PEG ratio of 1.36 and a beta of 1.19. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18. Meta Platforms, Inc. has a 12-month low of $355.36 and a 12-month high of $638.40. The business’s fifty day simple moving average is $592.65 and its 200-day simple moving average is $552.16.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its earnings results on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, beating analysts’ consensus estimates of $5.19 by $0.84. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. The business had revenue of $40.59 billion for the quarter, compared to the consensus estimate of $40.21 billion. On average, equities research analysts anticipate that Meta Platforms, Inc. will post 22.68 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a yield of 0.33%. Meta Platforms’s dividend payout ratio is currently 9.42%.

Institutional Trading of Meta Platforms

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of Meta Platforms by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,827,565 shares of the social networking company’s stock worth $7,915,451,000 after purchasing an additional 118,298 shares during the last quarter. LS Investment Advisors LLC lifted its position in shares of Meta Platforms by 111.4% during the third quarter. LS Investment Advisors LLC now owns 11,679 shares of the social networking company’s stock valued at $6,686,000 after buying an additional 6,155 shares during the last quarter. Cutter & CO Brokerage Inc. boosted its holdings in shares of Meta Platforms by 0.7% in the 3rd quarter. Cutter & CO Brokerage Inc. now owns 9,735 shares of the social networking company’s stock valued at $5,573,000 after buying an additional 65 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Meta Platforms by 1.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 412,046 shares of the social networking company’s stock worth $235,872,000 after buying an additional 5,594 shares during the last quarter. Finally, M&G PLC raised its stake in shares of Meta Platforms by 14.6% during the 3rd quarter. M&G PLC now owns 721,339 shares of the social networking company’s stock worth $412,606,000 after acquiring an additional 91,773 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on META shares. TD Cowen lifted their target price on shares of Meta Platforms from $600.00 to $675.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Needham & Company LLC reaffirmed an “underperform” rating on shares of Meta Platforms in a research note on Thursday, October 31st. Wells Fargo & Company decreased their target price on Meta Platforms from $652.00 to $641.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Truist Financial increased their price objective on shares of Meta Platforms from $650.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Finally, Susquehanna boosted their target price on shares of Meta Platforms from $600.00 to $675.00 and gave the stock a “positive” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and an average target price of $645.80.

Check Out Our Latest Research 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.

See Also

Insider Buying and Selling by Quarter for Meta Platforms (NASDAQ:META)

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