Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg Sells 97,093 Shares

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) CEO Mark Zuckerberg sold 97,093 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $469.67, for a total transaction of $45,601,669.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Tuesday, February 6th, Mark Zuckerberg sold 34,398 shares of Meta Platforms stock. The stock was sold at an average price of $457.52, for a total transaction of $15,737,772.96.
  • 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 transaction 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 transaction of $7,751,361.85.
  • On Friday, January 26th, Mark Zuckerberg sold 19,681 shares of Meta Platforms stock. The stock was sold at an average price of $394.76, for a total transaction 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 transaction of $7,568,131.74.
  • On Wednesday, January 24th, Mark Zuckerberg sold 19,681 shares of Meta Platforms stock. The shares were sold at an average price of $392.36, for a total transaction of $7,722,037.16.
  • On Friday, January 19th, Mark Zuckerberg sold 19,681 shares of Meta Platforms stock. The shares were sold at an average price of $381.77, for a total transaction of $7,513,615.37.
  • On Wednesday, January 17th, Mark Zuckerberg sold 19,681 shares of Meta Platforms stock. The shares were sold at an average price of $364.99, for a total transaction of $7,183,368.19.
  • On Friday, January 12th, Mark Zuckerberg sold 19,681 shares of Meta Platforms stock. The shares were sold at an average price of $374.22, for a total transaction of $7,365,023.82.
  • On Monday, January 8th, Mark Zuckerberg sold 19,681 shares of Meta Platforms stock. The shares were sold at an average price of $355.25, for a total transaction of $6,991,675.25.

Meta Platforms Price Performance

Shares of META stock opened at $468.90 on Tuesday. The firm has a market capitalization of $1.20 trillion, a price-to-earnings ratio of 31.47, a PEG ratio of 1.22 and a beta of 1.15. Meta Platforms, Inc. has a fifty-two week low of $167.66 and a fifty-two week high of $485.96. The stock’s 50-day simple moving average is $374.57 and its 200-day simple moving average is $333.18. 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 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 firm 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 posted $3.00 EPS. The business’s revenue was up 24.7% on a year-over-year basis. As a group, equities analysts forecast that Meta Platforms, Inc. will post 19.62 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $2.00 dividend on an annualized basis and a yield of 0.43%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on META. Bank of America increased their price objective on shares of Meta Platforms from $425.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. BMO Capital Markets increased their price objective on shares of Meta Platforms from $397.00 to $450.00 and gave the stock a “market perform” rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Meta Platforms from $450.00 to $525.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Morgan Stanley raised their target price on shares of Meta Platforms from $375.00 to $550.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, The Goldman Sachs Group raised their target price on shares of Meta Platforms from $414.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating, forty have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and an average target price of $494.53.

View Our Latest Analysis on META

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stone House Investment Management LLC raised its holdings in shares of Meta Platforms by 625.0% during the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after acquiring an additional 75 shares during the period. MBM Wealth Consultants LLC acquired a new stake in shares of Meta Platforms during the 4th quarter worth about $26,000. Stephens Investment Management Group LLC acquired a new position in Meta Platforms in the 2nd quarter valued at about $30,000. Beaird Harris Wealth Management LLC grew its position in Meta Platforms by 68.9% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after acquiring an additional 42 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in Meta Platforms in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 62.87% of the company’s stock.

About Meta Platforms

(Get Free Report)

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.

Recommended Stories

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

Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.