Meta Platforms, Inc. (NASDAQ:META) CEO Sells $21,712,807.66 in Stock

Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg sold 35,921 shares of Meta Platforms stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $604.46, for a total value of $21,712,807.66. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• 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 value 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 transaction 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 transaction of $13,631,512.05.
• On Friday, December 13th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The shares were sold at an average price of $622.24, for a total transaction of $22,351,483.04.
• On Monday, December 9th, Mark Zuckerberg sold 12,975 shares of Meta Platforms stock. The shares were sold at an average price of $614.36, for a total transaction of $7,971,321.00.
• On Wednesday, December 11th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The shares were sold at an average price of $633.25, for a total value of $22,746,973.25.
• On Friday, December 6th, Mark Zuckerberg sold 22,946 shares of Meta Platforms stock. The stock was sold at an average price of $621.84, for a total value of $14,268,740.64.
• On Tuesday, December 3rd, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The stock was sold at an average price of $607.97, for a total value of $21,838,890.37.
• On Wednesday, October 30th, Mark Zuckerberg sold 420 shares of Meta Platforms stock. The stock was sold at an average price of $600.17, for a total value of $252,071.40.
• On Monday, October 14th, Mark Zuckerberg sold 84 shares of Meta Platforms stock. The shares were sold at an average price of $600.00, for a total transaction of $50,400.00.

Meta Platforms Stock Down 0.7 %

META traded down $4.40 on Thursday, hitting $603.35. The company had a trading volume of 6,069,569 shares, compared to its average volume of 14,774,323. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.73. Meta Platforms, Inc. has a 52-week low of $340.01 and a 52-week high of $638.40. The firm has a market capitalization of $1.52 trillion, a P/E ratio of 28.42, a P/E/G ratio of 1.39 and a beta of 1.20. The stock has a fifty day simple moving average of $586.80 and a 200-day simple moving average of $544.77.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, beating the consensus estimate of $5.19 by $0.84. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. The company had revenue of $40.59 billion for the quarter, compared to the consensus estimate of $40.21 billion. As a group, equities analysts expect that Meta Platforms, Inc. will post 22.68 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.33%. The ex-dividend date is Monday, December 16th. Meta Platforms’s dividend payout ratio is presently 9.42%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. JDM Financial Group LLC bought a new stake in shares of Meta Platforms during the third quarter valued at approximately $30,000. Safe Harbor Fiduciary LLC bought a new stake in Meta Platforms during the third quarter worth approximately $36,000. Halpern Financial Inc. purchased a new stake in Meta Platforms during the 3rd quarter valued at $46,000. West Financial Advisors LLC bought a new stake in shares of Meta Platforms in the 3rd quarter worth about $49,000. Finally, Hoese & Co LLP grew its stake in shares of Meta Platforms by 2,000.0% during the third quarter. Hoese & Co LLP now owns 105 shares of the social networking company’s stock valued at $60,000 after buying an additional 100 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Wall Street Analysts Forecast Growth

META has been the topic of a number of research analyst reports. Sanford C. Bernstein boosted their price objective on shares of Meta Platforms from $600.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Jefferies Financial Group boosted their price target on shares of Meta Platforms from $600.00 to $675.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. KeyCorp increased their price objective on Meta Platforms from $560.00 to $655.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Piper Sandler boosted their target price on Meta Platforms from $650.00 to $670.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Finally, Susquehanna upped their target price on Meta Platforms from $600.00 to $675.00 and gave the stock a “positive” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $638.00.

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.