Meta Platforms, Inc. (NASDAQ:META - Get Free Report) CEO Mark Zuckerberg sold 500 shares of the company's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $700.38, for a total transaction of $350,190.00. Following the completion of the transaction, the chief executive officer now owns 85,119 shares in the company, valued at approximately $59,615,645.22. The trade was a 0.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Mark Zuckerberg also recently made the following trade(s):
- On Wednesday, June 25th, Mark Zuckerberg sold 13,793 shares of Meta Platforms stock. The shares were sold at an average price of $710.24, for a total transaction of $9,796,340.32.
- 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 transaction 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 transaction of $5,836,104.56.
- On Wednesday, June 18th, Mark Zuckerberg sold 2,753 shares of Meta Platforms stock. The stock was sold at an average price of $700.43, for a total transaction of $1,928,283.79.
- On Monday, June 9th, Mark Zuckerberg sold 7,466 shares of Meta Platforms stock. The stock was 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 stock was sold at an average price of $701.96, for a total transaction of $5,476,691.92.
- On Friday, June 6th, Mark Zuckerberg sold 1,462 shares of Meta Platforms stock. The stock was sold at an average price of $701.13, for a total transaction of $1,025,052.06.
Meta Platforms Stock Performance
Shares of NASDAQ META traded up $17.41 during midday trading on Thursday, reaching $726.09. The company had a trading volume of 13,940,515 shares, compared to its average volume of 14,508,862. Meta Platforms, Inc. has a 1 year low of $442.65 and a 1 year high of $740.91. The business's 50-day simple moving average is $629.38 and its 200 day simple moving average is $624.96. 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 stock has a market cap of $1.83 trillion, a P/E ratio of 28.32, a P/E/G ratio of 1.74 and a beta of 1.26.
Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share (EPS) 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 firm had revenue of $42.31 billion for the quarter, compared to the consensus estimate of $41.45 billion. During the same period in the prior year, the firm earned $4.71 EPS. The firm's revenue was up 16.1% on a year-over-year basis. On average, analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.
Meta Platforms Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Monday, June 16th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date is Monday, June 16th. Meta Platforms's dividend payout ratio (DPR) is 8.19%.
Institutional Investors Weigh In On Meta Platforms
Large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Meta Platforms by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 191,198,005 shares of the social networking company's stock worth $111,948,344,000 after purchasing an additional 1,502,553 shares during the last quarter. Geode Capital Management LLC grew its position in Meta Platforms by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 49,181,127 shares of the social networking company's stock worth $28,719,970,000 after purchasing an additional 1,020,519 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Meta Platforms by 2.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 42,317,434 shares of the social networking company's stock valued at $24,777,282,000 after buying an additional 1,049,121 shares during the last quarter. Capital World Investors lifted its holdings in shares of Meta Platforms by 2.9% in the 4th quarter. Capital World Investors now owns 40,317,105 shares of the social networking company's stock valued at $23,606,338,000 after buying an additional 1,141,355 shares during the period. Finally, Norges Bank acquired a new position in shares of Meta Platforms in the 4th quarter valued at about $19,949,512,000. Hedge funds and other institutional investors own 79.91% of the company's stock.
Analyst Ratings Changes
META has been the subject of several recent analyst reports. Truist Financial boosted their target price on Meta Platforms from $700.00 to $720.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Evercore ISI raised their price target on shares of Meta Platforms from $725.00 to $750.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Oppenheimer boosted their price objective on shares of Meta Platforms from $665.00 to $775.00 and gave the company an "outperform" rating in a research report on Monday, June 16th. Moffett Nathanson raised their target price on shares of Meta Platforms from $525.00 to $605.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, DA Davidson lowered their price target on Meta Platforms from $800.00 to $650.00 and set a "buy" rating for the company in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Meta Platforms has an average rating of "Moderate Buy" and a consensus target price of $715.76.
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About Meta Platforms
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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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