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

Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg sold 35,921 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $604.69, for a total transaction of $21,721,069.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, January 15th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The stock was 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 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 transaction of $21,695,565.58.
• On Friday, December 27th, Mark Zuckerberg sold 2,311 shares of Meta Platforms stock. The shares were 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 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 shares were 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.

Meta Platforms Price Performance

Shares of META stock opened at $611.30 on Friday. The firm has a market cap of $1.54 trillion, a P/E ratio of 28.79, a P/E/G ratio of 1.22 and a beta of 1.19. Meta Platforms, Inc. has a fifty-two week low of $358.61 and a fifty-two week high of $638.40. The business’s 50 day moving average price is $595.92 and its 200-day moving average price is $555.25. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, topping analysts’ consensus estimates of $5.19 by $0.84. The firm 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%. On average, equities research analysts anticipate that Meta Platforms, Inc. will post 22.68 earnings per share for the current year.

Meta Platforms Announces Dividend

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

Wall Street Analysts Forecast Growth

META has been the subject of a number of research analyst reports. Robert W. Baird lifted their price target on Meta Platforms from $605.00 to $630.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Piper Sandler lifted their price target on Meta Platforms from $650.00 to $670.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. boosted their price objective on Meta Platforms from $660.00 to $725.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Pivotal Research boosted their price objective on Meta Platforms from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company boosted their price objective on Meta Platforms from $641.00 to $685.00 and gave the stock an “overweight” rating in a report on Monday. Two 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. Based on data from MarketBeat, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average target price of $650.05.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. JDM Financial Group LLC purchased a new position in Meta Platforms during the third quarter valued at $30,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Meta Platforms in the 3rd quarter worth $36,000. Avondale Wealth Management bought a new stake in shares of Meta Platforms in the 4th quarter worth $41,000. Halpern Financial Inc. bought a new stake in shares of Meta Platforms in the 3rd quarter worth $46,000. Finally, West Financial Advisors LLC bought a new stake in shares of Meta Platforms in the 3rd quarter worth $49,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

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.