Meta Platforms, Inc. (NASDAQ:META – Get Free Report) CEO Mark Zuckerberg sold 12,975 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $615.41, for a total value of $7,984,944.75. Following the sale, the chief executive officer now directly owns 381,290 shares of the company’s stock, valued at $234,649,678.90. This represents a 3.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Mark Zuckerberg also recently made the following trade(s):
- 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 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 value 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 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 stock was 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.
Meta Platforms Stock Performance
META opened at $594.25 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.73. The business has a fifty day simple moving average of $595.02 and a 200 day simple moving average of $554.81. Meta Platforms, Inc. has a 1 year low of $358.61 and a 1 year high of $638.40. The company has a market capitalization of $1.50 trillion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 1.36 and a beta of 1.19.
Meta Platforms Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s dividend payout ratio is currently 9.42%.
Hedge Funds Weigh In On Meta Platforms
Several hedge funds and other institutional investors have recently added to or reduced their stakes in META. Geode Capital Management LLC raised its stake in Meta Platforms by 1.5% in 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 in the last quarter. Jennison Associates LLC increased its holdings in Meta Platforms by 1.9% in the 3rd quarter. Jennison Associates LLC now owns 14,440,868 shares of the social networking company’s stock valued at $8,266,531,000 after buying an additional 263,063 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Meta Platforms by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,827,565 shares of the social networking company’s stock valued at $7,915,451,000 after buying an additional 118,298 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Meta Platforms by 57,001.5% during the 3rd quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company’s stock worth $5,447,975,000 after acquiring an additional 9,500,444 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Meta Platforms by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 7,754,450 shares of the social networking company’s stock valued at $3,911,029,000 after acquiring an additional 208,677 shares during the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have weighed in on META. Roth Mkm lifted their target price on Meta Platforms from $620.00 to $635.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Bank of America boosted their price objective on Meta Platforms from $630.00 to $660.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised their target price on shares of Meta Platforms from $660.00 to $725.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Barclays upped their price target on shares of Meta Platforms from $550.00 to $630.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group raised their price objective on shares of Meta Platforms from $675.00 to $715.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and an average price target of $650.05.
Read Our Latest Stock Report on Meta Platforms
About Meta Platforms
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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