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

Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg sold 35,921 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $626.80, for a total transaction of $22,515,282.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, January 17th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The stock was sold at an average price of $613.85, for a total transaction of $22,050,105.85.
• On Monday, January 13th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The shares were sold at an average price of $604.69, for a total transaction 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 stock was 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 shares were sold at an average price of $618.42, for a total value of $8,023,999.50.
• On Wednesday, January 8th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The stock was sold at an average price of $611.10, for a total value 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 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.

Meta Platforms Stock Up 1.1 %

Shares of NASDAQ META traded up $7.04 during trading on Wednesday, reaching $623.50. 12,255,768 shares of the stock were exchanged, compared to its average volume of 13,043,130. The company has a market capitalization of $1.57 trillion, a price-to-earnings ratio of 29.37, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19. The business’s 50-day moving average price is $598.87 and its 200 day moving average price is $558.76. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. Meta Platforms, Inc. has a twelve month low of $382.08 and a twelve month high of $638.40.

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

Meta Platforms Dividend Announcement

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

Analyst Ratings Changes

META has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their target price on Meta Platforms from $660.00 to $725.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Guggenheim raised their price objective on shares of Meta Platforms from $600.00 to $665.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Hsbc Global Res upgraded shares of Meta Platforms to a “hold” rating in a research report on Thursday, October 24th. Raymond James lifted their price target on shares of Meta Platforms from $675.00 to $725.00 and gave the company a “strong-buy” rating in a research report on Tuesday. Finally, Rosenblatt Securities reissued a “buy” rating and set a $811.00 price target on shares of Meta Platforms in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $652.98.

Hedge Funds Weigh In On Meta Platforms

Hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in shares of Meta Platforms by 57,001.5% in the 3rd quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company’s stock valued at $5,447,975,000 after buying an additional 9,500,444 shares during the period. Integrated Investment Consultants LLC lifted its holdings in Meta Platforms by 61,769.3% in the third quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company’s stock worth $2,365,820,000 after acquiring an additional 4,126,190 shares during the last quarter. World Investment Advisors LLC boosted its stake in Meta Platforms by 4,658.5% in the third quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company’s stock valued at $520,662,000 after acquiring an additional 890,434 shares during the period. Geode Capital Management LLC grew its holdings in shares of Meta Platforms by 1.5% during the third quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock valued at $27,470,870,000 after purchasing an additional 698,884 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Meta Platforms by 926.6% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 733,358 shares of the social networking company’s stock worth $369,774,000 after purchasing an additional 661,923 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

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.