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

Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg sold 35,921 shares of Meta Platforms stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $613.85, for a total value of $22,050,105.85. The transaction 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 Monday, January 13th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The stock was sold at an average price of $604.69, for a total value of $21,721,069.49.
• On Wednesday, January 15th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The shares were sold at an average price of $616.16, for a total transaction of $22,133,083.36.
• On Friday, January 10th, Mark Zuckerberg sold 12,975 shares of Meta Platforms stock. The shares were sold at an average price of $615.41, for a total transaction of $7,984,944.75.
• On Monday, January 6th, Mark Zuckerberg sold 12,975 shares of Meta Platforms stock. The stock was sold at an average price of $618.42, for a total transaction of $8,023,999.50.
• On Wednesday, January 8th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The shares were sold at an average price of $611.10, for a total transaction of $21,951,323.10.
• On Friday, January 3rd, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The shares were 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 value of $1,387,085.31.
• On Tuesday, December 24th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The stock was 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 shares were 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 transaction of $22,445,236.85.

Meta Platforms Trading Up 0.6 %

NASDAQ META opened at $616.46 on Wednesday. Meta Platforms, Inc. has a 12 month low of $381.16 and a 12 month high of $638.40. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $1.56 trillion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19. The business’s 50-day moving average price is $598.00 and its two-hundred day moving average price is $558.31.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, beating analysts’ consensus estimates of $5.19 by $0.84. The business had revenue of $40.59 billion during the quarter, compared to the consensus estimate of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. On average, analysts expect that Meta Platforms, Inc. will post 22.96 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given a dividend of $0.50 per share. The ex-dividend date was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a yield of 0.32%. Meta Platforms’s dividend payout ratio (DPR) is currently 9.42%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in META. JDM Financial Group LLC bought a new stake in Meta Platforms in the third quarter worth approximately $30,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Meta Platforms in the 3rd quarter valued at $36,000. Avondale Wealth Management acquired a new position in shares of Meta Platforms during the 4th quarter valued at $41,000. Halpern Financial Inc. bought a new position in Meta Platforms during the third quarter worth $46,000. Finally, West Financial Advisors LLC acquired a new stake in Meta Platforms in the third quarter worth $49,000. 79.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on META. Truist Financial boosted their price objective on Meta Platforms from $650.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Hsbc Global Res upgraded Meta Platforms to a “hold” rating in a research note on Thursday, October 24th. TD Cowen increased their price objective on Meta Platforms from $600.00 to $675.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Piper Sandler boosted their target price on shares of Meta Platforms from $650.00 to $670.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group raised their price target on shares of Meta Platforms from $555.00 to $636.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Two equities 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 given a strong buy rating to the company. According to data from MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and an average target price of $651.27.

Meta Platforms Company Profile

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.