Meta Platforms, Inc. (NASDAQ:META) CEO Sells $4,615,448.49 in Stock

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) CEO Mark Zuckerberg sold 8,727 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $528.87, for a total value of $4,615,448.49. Following the transaction, the chief executive officer now directly owns 178,099 shares in the company, valued at $94,191,218.13. The sale was disclosed in a filing with the SEC, which is available through this link.

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

  • 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 value of $8,864,586.50.
  • On Wednesday, July 10th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The shares were sold at an average price of $533.87, for a total value of $8,916,696.74.
  • 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 value of $8,402,442.16.
  • On Wednesday, July 3rd, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The shares were sold at an average price of $509.10, for a total value of $8,502,988.20.
  • On Friday, June 28th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The shares were sold at an average price of $514.96, for a total value of $8,600,861.92.
  • On Monday, June 24th, Mark Zuckerberg sold 9,760 shares of Meta Platforms stock. The shares were sold at an average price of $502.87, for a total value of $4,908,011.20.
  • On Wednesday, June 26th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The shares were sold at an average price of $510.88, for a total value of $8,532,717.76.
  • On Friday, June 21st, Mark Zuckerberg sold 2,054 shares of Meta Platforms stock. The stock was sold at an average price of $501.05, for a total value of $1,029,156.70.
  • On Friday, June 14th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The stock was sold at an average price of $503.34, for a total value of $8,406,784.68.
  • On Tuesday, June 11th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The stock was sold at an average price of $503.18, for a total value of $8,404,112.36.

Meta Platforms Trading Up 0.9 %

NASDAQ:META opened at $534.69 on Thursday. The firm has a market cap of $1.36 trillion, a PE ratio of 30.71, a price-to-earnings-growth ratio of 1.37 and a beta of 1.21. The stock has a fifty day moving average price of $490.20 and a 200 day moving average price of $464.66. Meta Platforms, Inc. has a 12-month low of $274.38 and a 12-month high of $542.81. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:METAGet Free Report) last released its earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. The firm had revenue of $36.46 billion during the quarter, compared to analyst estimates of $36.28 billion. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. Sell-side analysts anticipate that Meta Platforms, Inc. will post 20.15 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared 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. This represents a $2.00 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend was Friday, June 14th. Meta Platforms’s dividend payout ratio (DPR) is 11.49%.

Institutional Trading of Meta Platforms

Institutional investors have recently bought and sold shares of the business. Baird Financial Group Inc. lifted its holdings in Meta Platforms by 24.2% during the 4th quarter. Baird Financial Group Inc. now owns 835,972 shares of the social networking company’s stock worth $295,901,000 after buying an additional 163,067 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Meta Platforms by 1.5% during the fourth quarter. California State Teachers Retirement System now owns 3,576,285 shares of the social networking company’s stock worth $1,265,862,000 after purchasing an additional 51,900 shares in the last quarter. Donoghue Forlines LLC increased its position in shares of Meta Platforms by 94.4% during the fourth quarter. Donoghue Forlines LLC now owns 8,349 shares of the social networking company’s stock worth $2,955,000 after purchasing an additional 4,054 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Meta Platforms by 7.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 451,581 shares of the social networking company’s stock worth $159,841,000 after purchasing an additional 32,423 shares in the last quarter. Finally, Voyager Global Management LP increased its position in shares of Meta Platforms by 37.3% during the fourth quarter. Voyager Global Management LP now owns 515,000 shares of the social networking company’s stock worth $182,289,000 after purchasing an additional 140,000 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

META has been the topic of a number of recent analyst reports. Citigroup lowered their price target on Meta Platforms from $590.00 to $550.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Barclays lowered their price target on Meta Platforms from $550.00 to $520.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. Piper Sandler restated an “overweight” rating and issued a $545.00 target price (down previously from $600.00) on shares of Meta Platforms in a research report on Thursday, April 25th. Jefferies Financial Group decreased their target price on Meta Platforms from $585.00 to $540.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, Royal Bank of Canada decreased their target price on Meta Platforms from $600.00 to $570.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average target price of $515.64.

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Meta Platforms Company Profile

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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.

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