Meta Platforms, Inc. (NASDAQ:META - Get Free Report) CEO Mark Zuckerberg sold 16,702 shares of the firm's stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $514.96, for a total transaction of $8,600,861.92. Following the completion of the transaction, the chief executive officer now directly owns 213,007 shares in the company, valued at approximately $109,690,084.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Mark Zuckerberg also recently made the following trade(s):
- On Monday, June 24th, Mark Zuckerberg sold 9,760 shares of Meta Platforms stock. The shares were sold at an average price of $502.87, for a total value of $4,908,011.20.
- On Wednesday, June 26th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The stock was sold at an average price of $510.88, for a total value of $8,532,717.76.
- On Friday, June 21st, Mark Zuckerberg sold 2,054 shares of Meta Platforms stock. The stock was sold at an average price of $501.05, for a total transaction of $1,029,156.70.
- On Friday, June 14th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The stock was sold at an average price of $503.34, for a total transaction of $8,406,784.68.
- On Tuesday, June 11th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The shares were sold at an average price of $503.18, for a total transaction of $8,404,112.36.
- On Thursday, June 6th, Mark Zuckerberg sold 2,011 shares of Meta Platforms stock. The stock was sold at an average price of $500.92, for a total value of $1,007,350.12.
Meta Platforms Stock Performance
Meta Platforms stock traded up $0.46 during trading hours on Monday, hitting $504.68. 10,320,893 shares of the stock traded hands, compared to its average volume of 16,395,848. The firm's 50 day moving average price is $480.46 and its 200-day moving average price is $456.83. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 2.68. The stock has a market capitalization of $1.28 trillion, a price-to-earnings ratio of 28.99, a P/E/G ratio of 1.31 and a beta of 1.21. Meta Platforms, Inc. has a 1 year low of $274.38 and a 1 year high of $531.49.
Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, topping the consensus estimate of $4.32 by $0.39. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The company had revenue of $36.46 billion for the quarter, compared to the consensus estimate of $36.28 billion. As a group, equities analysts expect that Meta Platforms, Inc. will post 20.16 EPS for the current fiscal year.
Meta Platforms Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Friday, June 14th. Meta Platforms's payout ratio is 11.49%.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Meta Platforms from $527.00 to $588.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. Benchmark reaffirmed a "hold" rating on shares of Meta Platforms in a report on Monday, April 22nd. Rosenblatt Securities boosted their price objective on Meta Platforms from $520.00 to $562.00 and gave the stock a "buy" rating in a research note on Thursday, April 25th. Jefferies Financial Group cut their price objective on shares of Meta Platforms from $585.00 to $540.00 and set a "buy" rating on the stock in a research report on Thursday, April 25th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $550.00 target price on shares of Meta Platforms in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $511.27.
Read Our Latest Analysis on Meta Platforms
Hedge Funds Weigh In On Meta Platforms
Institutional investors have recently modified their holdings of the stock. S.A. Mason LLC increased its position in Meta Platforms by 1.5% during the 1st quarter. S.A. Mason LLC now owns 1,328 shares of the social networking company's stock worth $645,000 after purchasing an additional 20 shares in the last quarter. Horizon Bancorp Inc. IN increased its holdings in shares of Meta Platforms by 2.0% during the first quarter. Horizon Bancorp Inc. IN now owns 1,057 shares of the social networking company's stock worth $513,000 after buying an additional 21 shares in the last quarter. Northern Capital Management Inc. lifted its stake in shares of Meta Platforms by 3.4% in the 1st quarter. Northern Capital Management Inc. now owns 647 shares of the social networking company's stock valued at $314,000 after acquiring an additional 21 shares during the last quarter. LongView Wealth Management boosted its holdings in shares of Meta Platforms by 1.3% during the 1st quarter. LongView Wealth Management now owns 1,762 shares of the social networking company's stock valued at $856,000 after acquiring an additional 22 shares in the last quarter. Finally, Hanson & Doremus Investment Management grew its position in Meta Platforms by 5.3% during the 1st quarter. Hanson & Doremus Investment Management now owns 435 shares of the social networking company's stock worth $211,000 after acquiring an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.
Meta Platforms Company Profile
(
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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