Mark Zuckerberg Sells 34,398 Shares of Meta Platforms, Inc. (NASDAQ:META) Stock

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) CEO Mark Zuckerberg sold 34,398 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $457.52, for a total value of $15,737,772.96. 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 Monday, January 29th, Mark Zuckerberg sold 65,600 shares of Meta Platforms stock. The shares were sold at an average price of $400.50, for a total value of $26,272,800.00.
  • On Wednesday, January 31st, Mark Zuckerberg sold 19,681 shares of Meta Platforms stock. The shares were sold at an average price of $393.85, for a total value of $7,751,361.85.
  • On Friday, January 26th, Mark Zuckerberg sold 19,681 shares of Meta Platforms stock. The shares were sold at an average price of $394.76, for a total value of $7,769,271.56.
  • On Monday, January 22nd, Mark Zuckerberg sold 19,681 shares of Meta Platforms stock. The stock was sold at an average price of $384.54, for a total value of $7,568,131.74.
  • On Wednesday, January 24th, Mark Zuckerberg sold 19,681 shares of Meta Platforms stock. The stock was sold at an average price of $392.36, for a total value of $7,722,037.16.
  • On Friday, January 19th, Mark Zuckerberg sold 19,681 shares of Meta Platforms stock. The stock was sold at an average price of $381.77, for a total value of $7,513,615.37.
  • On Wednesday, January 17th, Mark Zuckerberg sold 19,681 shares of Meta Platforms stock. The stock was sold at an average price of $364.99, for a total value of $7,183,368.19.
  • On Friday, January 12th, Mark Zuckerberg sold 19,681 shares of Meta Platforms stock. The stock was sold at an average price of $374.22, for a total value of $7,365,023.82.
  • On Monday, January 8th, Mark Zuckerberg sold 19,681 shares of Meta Platforms stock. The stock was sold at an average price of $355.25, for a total value of $6,991,675.25.
  • On Wednesday, January 10th, Mark Zuckerberg sold 16,776 shares of Meta Platforms stock. The stock was sold at an average price of $368.89, for a total value of $6,188,498.64.

Meta Platforms Stock Up 0.1 %

Shares of Meta Platforms stock opened at $470.00 on Friday. The business’s 50 day simple moving average is $368.73 and its 200 day simple moving average is $330.36. Meta Platforms, Inc. has a 52-week low of $167.66 and a 52-week high of $485.96. The firm has a market cap of $1.21 trillion, a PE ratio of 31.54, a P/E/G ratio of 1.20 and a beta of 1.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.57 and a current ratio of 2.67.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.82 by $0.51. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The business had revenue of $40.11 billion for the quarter, compared to analyst estimates of $39.12 billion. During the same quarter last year, the firm earned $3.00 EPS. Meta Platforms’s revenue for the quarter was up 24.7% compared to the same quarter last year. On average, analysts predict that Meta Platforms, Inc. will post 19.41 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Wednesday, February 21st.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in META. Addison Advisors LLC increased its holdings in Meta Platforms by 3.9% in the fourth quarter. Addison Advisors LLC now owns 670 shares of the social networking company’s stock valued at $237,000 after buying an additional 25 shares in the last quarter. Smithfield Trust Co increased its stake in shares of Meta Platforms by 0.5% during the 4th quarter. Smithfield Trust Co now owns 4,895 shares of the social networking company’s stock worth $1,730,000 after purchasing an additional 25 shares in the last quarter. American National Bank increased its stake in shares of Meta Platforms by 1.6% during the 4th quarter. American National Bank now owns 1,590 shares of the social networking company’s stock worth $563,000 after purchasing an additional 25 shares in the last quarter. WoodTrust Financial Corp increased its stake in shares of Meta Platforms by 1.8% during the 4th quarter. WoodTrust Financial Corp now owns 1,547 shares of the social networking company’s stock worth $548,000 after purchasing an additional 27 shares in the last quarter. Finally, Tennessee Valley Asset Management Partners increased its stake in shares of Meta Platforms by 0.6% during the 4th quarter. Tennessee Valley Asset Management Partners now owns 4,566 shares of the social networking company’s stock worth $1,616,000 after purchasing an additional 27 shares in the last quarter. Institutional investors and hedge funds own 62.87% of the company’s stock.

Wall Street Analysts Forecast Growth

META has been the subject of a number of research reports. Wells Fargo & Company raised their target price on Meta Platforms from $438.00 to $536.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Royal Bank of Canada raised their target price on Meta Platforms from $400.00 to $565.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Sanford C. Bernstein raised their target price on Meta Platforms from $435.00 to $535.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. UBS Group raised their target price on Meta Platforms from $425.00 to $530.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Oppenheimer raised their price target on Meta Platforms from $385.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating, forty have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $491.03.

View Our Latest Research Report on Meta Platforms

Meta Platforms Company Profile

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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.

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