Meta Platforms, Inc. (NASDAQ:META - Get Free Report) CEO Mark Zuckerberg sold 500 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $700.38, for a total transaction of $350,190.00. Following the sale, the chief executive officer now owns 85,119 shares in the company, valued at approximately $59,615,645.22. This trade represents a 0.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Mark Zuckerberg also recently made the following trade(s):
- 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 shares were 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 stock was 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 stock was sold at an average price of $701.13, for a total transaction 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 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 value of $1,025,052.06.
Meta Platforms Stock Performance
Shares of NASDAQ META traded up $16.18 during midday trading on Monday, hitting $698.53. The company's stock had a trading volume of 10,954,787 shares, compared to its average volume of 14,498,435. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.66 and a current ratio of 2.66. Meta Platforms, Inc. has a 1-year low of $442.65 and a 1-year high of $740.91. The firm's fifty day moving average price is $618.10 and its 200-day moving average price is $623.24. The firm has a market cap of $1.76 trillion, a P/E ratio of 26.61, a P/E/G ratio of 1.68 and a beta of 1.26.
Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, April 30th. The social networking company reported $6.43 EPS for the quarter, beating analysts' consensus estimates of $5.33 by $1.10. The company had revenue of $42.31 billion during the quarter, compared to the consensus estimate of $41.45 billion. Meta Platforms had a return on equity of 38.69% and a net margin of 39.11%. Meta Platforms's quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.71 earnings per share. On average, sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.
Meta Platforms Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Monday, June 16th will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.10 dividend on an annualized basis and a yield of 0.30%. Meta Platforms's dividend payout ratio is currently 8.19%.
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. Evercore ISI boosted their price objective on Meta Platforms from $725.00 to $750.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Guggenheim raised their target price on Meta Platforms from $675.00 to $725.00 and gave the company a "buy" rating in a report on Thursday, May 1st. KeyCorp upped their price target on Meta Platforms from $645.00 to $655.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. JMP Securities reaffirmed a "market outperform" rating and issued a $750.00 price objective on shares of Meta Platforms in a research report on Wednesday, April 30th. Finally, Truist Financial boosted their target price on shares of Meta Platforms from $700.00 to $720.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $710.00.
Get Our Latest Research Report on META
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Meta Platforms during the fourth quarter worth approximately $19,949,512,000. GAMMA Investing LLC raised its stake in Meta Platforms by 67,172.9% during the 1st quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock valued at $13,517,178,000 after acquiring an additional 23,417,803 shares in the last quarter. Proficio Capital Partners LLC boosted its position in Meta Platforms by 78,471.1% during the 4th quarter. Proficio Capital Partners LLC now owns 6,248,763 shares of the social networking company's stock worth $3,658,713,000 after acquiring an additional 6,240,810 shares during the period. Nuveen LLC acquired a new position in Meta Platforms during the 1st quarter worth $2,990,544,000. Finally, Raymond James Financial Inc. bought a new position in shares of Meta Platforms in the fourth quarter worth $2,243,603,000. 79.91% of the stock is currently owned by institutional investors.
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Meta Platforms, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Meta Platforms wasn't on the list.
While Meta Platforms currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
