Meta Platforms, Inc. (NASDAQ:META - Get Free Report) CEO Mark Zuckerberg sold 22,035 shares of Meta Platforms stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $618.63, for a total transaction of $13,631,512.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Mark Zuckerberg also recently made the following trade(s):
- 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 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 stock was sold at an average price of $614.36, for a total value 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 shares were 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 transaction 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.
- On Monday, October 7th, Mark Zuckerberg sold 492 shares of Meta Platforms stock. The shares were sold at an average price of $600.75, for a total value of $295,569.00.
Meta Platforms Stock Performance
Shares of META stock traded down $22.25 on Wednesday, reaching $597.19. The stock had a trading volume of 16,638,428 shares, compared to its average volume of 14,727,131. Meta Platforms, Inc. has a 12 month low of $340.01 and a 12 month high of $638.40. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $1.51 trillion, a price-to-earnings ratio of 28.13, a P/E/G ratio of 1.39 and a beta of 1.20. The firm's 50-day moving average is $585.42 and its two-hundred day moving average is $540.85.
Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, beating analysts' consensus estimates of $5.19 by $0.84. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. The business had revenue of $40.59 billion for the quarter, compared to analysts' expectations of $40.21 billion. On average, research analysts expect that Meta Platforms, Inc. will post 22.68 EPS for the current fiscal year.
Meta Platforms Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 16th will be issued 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 payout ratio is 9.42%.
Wall Street Analysts Forecast Growth
META has been the subject of a number of recent analyst reports. Susquehanna upped their price objective on Meta Platforms from $600.00 to $675.00 and gave the company a "positive" rating in a report on Thursday, October 31st. Roth Mkm upped their price target on Meta Platforms from $620.00 to $635.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. The Goldman Sachs Group lifted their price objective on shares of Meta Platforms from $555.00 to $636.00 and gave the stock a "buy" rating in a research note on Monday, October 14th. Monness Crespi & Hardt increased their target price on shares of Meta Platforms from $620.00 to $660.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, Guggenheim boosted their price target on shares of Meta Platforms from $600.00 to $665.00 and gave the company a "buy" rating in a report on Monday, October 7th. Two equities research 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $638.00.
View Our Latest Report on META
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its holdings in Meta Platforms by 57,001.5% in the 3rd quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company's stock valued at $5,447,975,000 after purchasing an additional 9,500,444 shares during the period. Integrated Investment Consultants LLC raised its position in shares of Meta Platforms by 61,769.3% in the third quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company's stock valued at $2,365,820,000 after buying an additional 4,126,190 shares in the last quarter. Sustainable Growth Advisers LP bought a new stake in shares of Meta Platforms in the second quarter valued at approximately $595,152,000. World Investment Advisors LLC grew its position in Meta Platforms by 4,658.5% during the third quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company's stock worth $520,662,000 after buying an additional 890,434 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Meta Platforms by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company's stock worth $27,470,870,000 after acquiring an additional 698,884 shares during the period. Institutional investors and hedge funds own 79.91% 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.
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