Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg Sells 31,465 Shares

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) CEO Mark Zuckerberg sold 31,465 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $491.49, for a total transaction of $15,464,732.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, March 25th, Mark Zuckerberg sold 77,412 shares of Meta Platforms stock. The stock was sold at an average price of $504.82, for a total transaction of $39,079,125.84.
  • On Wednesday, March 27th, Mark Zuckerberg sold 31,493 shares of Meta Platforms stock. The shares were sold at an average price of $492.14, for a total transaction of $15,498,965.02.
  • On Friday, March 22nd, Mark Zuckerberg sold 77,412 shares of Meta Platforms stock. The shares were sold at an average price of $506.92, for a total transaction of $39,241,691.04.
  • On Monday, March 18th, Mark Zuckerberg sold 31,493 shares of Meta Platforms stock. The shares were sold at an average price of $492.37, for a total transaction of $15,506,208.41.
  • On Wednesday, March 20th, Mark Zuckerberg sold 31,493 shares of Meta Platforms stock. The shares were sold at an average price of $500.32, for a total transaction of $15,756,577.76.
  • On Friday, March 15th, Mark Zuckerberg sold 77,412 shares of Meta Platforms stock. The shares were sold at an average price of $485.11, for a total transaction of $37,553,335.32.
  • On Monday, March 11th, Mark Zuckerberg sold 31,493 shares of Meta Platforms stock. The shares were sold at an average price of $485.10, for a total transaction of $15,277,254.30.
  • On Wednesday, March 13th, Mark Zuckerberg sold 77,412 shares of Meta Platforms stock. The shares were sold at an average price of $495.66, for a total transaction of $38,370,031.92.
  • On Friday, March 8th, Mark Zuckerberg sold 31,493 shares of Meta Platforms stock. The stock was sold at an average price of $511.13, for a total transaction of $16,097,017.09.
  • On Monday, March 4th, Mark Zuckerberg sold 77,412 shares of Meta Platforms stock. The stock was sold at an average price of $500.60, for a total transaction of $38,752,447.20.

Meta Platforms Stock Performance

META opened at $506.74 on Thursday. The stock has a market capitalization of $1.29 trillion, a price-to-earnings ratio of 34.01, a PEG ratio of 1.26 and a beta of 1.20. The company has a fifty day moving average of $475.82 and a 200 day moving average of $381.88. Meta Platforms, Inc. has a fifty-two week low of $207.13 and a fifty-two week high of $523.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.67.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, beating the consensus estimate of $4.82 by $0.51. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The company had revenue of $40.11 billion during the quarter, compared to analysts’ expectations of $39.12 billion. During the same period last year, the company posted $3.00 earnings per share. Meta Platforms’s quarterly revenue was up 24.7% on a year-over-year basis. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 19.94 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.39%. Meta Platforms’s payout ratio is currently 13.42%.

Hedge Funds Weigh In On Meta Platforms

A number of institutional investors and hedge funds have recently made changes to their positions in META. Stone House Investment Management LLC grew its stake in shares of Meta Platforms by 625.0% in the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after buying an additional 75 shares in the last quarter. MBM Wealth Consultants LLC purchased a new position in shares of Meta Platforms in the 4th quarter worth $26,000. Stephens Investment Management Group LLC purchased a new position in shares of Meta Platforms in the 2nd quarter worth $30,000. Beaird Harris Wealth Management LLC boosted its stake in shares of Meta Platforms by 68.9% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock worth $31,000 after purchasing an additional 42 shares during the period. Finally, Quest Partners LLC purchased a new position in shares of Meta Platforms during the 4th quarter worth about $32,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on META shares. Monness Crespi & Hardt raised their target price on shares of Meta Platforms from $370.00 to $540.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus raised their target price on shares of Meta Platforms from $405.00 to $527.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Jefferies Financial Group increased their price target on shares of Meta Platforms from $425.00 to $455.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Bank of America increased their price target on shares of Meta Platforms from $425.00 to $510.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, UBS Group increased their price target on shares of Meta Platforms from $425.00 to $530.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirty-nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and an average price target of $496.13.

Check Out Our Latest Stock Report on Meta Platforms

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

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

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