Meta Platforms, Inc. (NASDAQ:META - Get Free Report) CEO Mark Zuckerberg sold 13,793 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $710.24, for a total value of $9,796,340.32. Following the completion of the sale, the chief executive officer now directly owns 57,533 shares of the company's stock, valued at $40,862,237.92. The trade was a 19.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Mark Zuckerberg also recently made the following trade(s):
- On Friday, June 20th, Mark Zuckerberg sold 500 shares of Meta Platforms stock. The stock was sold at an average price of $700.38, for a total value of $350,190.00.
- On Monday, June 16th, Mark Zuckerberg sold 13,793 shares of Meta Platforms stock. The stock was sold at an average price of $702.06, for a total value of $9,683,513.58.
- On Tuesday, June 17th, Mark Zuckerberg sold 8,312 shares of Meta Platforms stock. The stock was sold at an average price of $702.13, for a total value of $5,836,104.56.
- On Wednesday, June 18th, Mark Zuckerberg sold 2,753 shares of Meta Platforms stock. The shares were sold at an average price of $700.43, for a total value of $1,928,283.79.
- On Monday, June 9th, Mark Zuckerberg sold 7,466 shares of Meta Platforms stock. The shares were sold at an average price of $701.25, for a total value of $5,235,532.50.
- On Tuesday, June 10th, Mark Zuckerberg sold 13,793 shares of Meta Platforms stock. The shares were sold at an average price of $701.13, for a total value of $9,670,686.09.
- On Wednesday, June 11th, Mark Zuckerberg sold 7,802 shares of Meta Platforms stock. The shares were sold at an average price of $701.96, for a total value of $5,476,691.92.
- On Friday, June 6th, Mark Zuckerberg sold 1,462 shares of Meta Platforms stock. The shares were sold at an average price of $701.13, for a total value of $1,025,052.06.
Meta Platforms Stock Performance
Shares of META stock traded down $3.52 during trading on Wednesday, hitting $708.68. The company's stock had a trading volume of 9,285,562 shares, compared to its average volume of 14,488,533. The company has a market cap of $1.78 trillion, a PE ratio of 27.64, a P/E/G ratio of 1.75 and a beta of 1.26. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average of $629.38 and a 200-day moving average of $624.96. Meta Platforms, Inc. has a 52 week low of $442.65 and a 52 week high of $740.91.
Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The social networking company reported $6.43 earnings per share for the quarter, beating the consensus estimate of $5.33 by $1.10. Meta Platforms had a return on equity of 38.69% and a net margin of 39.11%. The business had revenue of $42.31 billion during the quarter, compared to analyst estimates of $41.45 billion. During the same period in the prior year, the company earned $4.71 earnings per share. Meta Platforms's revenue was up 16.1% compared to the same quarter last year. As a group, research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.
Meta Platforms Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Monday, June 16th will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Monday, June 16th. Meta Platforms's payout ratio is currently 8.19%.
Hedge Funds Weigh In On Meta Platforms
A number of large investors have recently made changes to their positions in the stock. Inlight Wealth Management LLC purchased a new stake in shares of Meta Platforms in the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Meta Platforms in the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Meta Platforms in the first quarter worth $33,000. Millstone Evans Group LLC purchased a new stake in shares of Meta Platforms in the fourth quarter worth $40,000. Finally, WealthTrak Capital Management LLC purchased a new stake in shares of Meta Platforms in the fourth quarter worth $43,000. 79.91% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently commented on META. Stifel Nicolaus lifted their price objective on Meta Platforms from $628.00 to $655.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Raymond James Financial decreased their price target on Meta Platforms from $800.00 to $750.00 and set a "strong-buy" rating on the stock in a research note on Thursday, May 1st. Bank of America raised their price target on Meta Platforms from $690.00 to $765.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Susquehanna decreased their price target on Meta Platforms from $800.00 to $700.00 and set a "positive" rating on the stock in a research note on Thursday, May 1st. Finally, Piper Sandler raised their price target on Meta Platforms from $610.00 to $650.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $712.69.
Check Out Our Latest Stock Report on META
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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