Mark Zuckerberg Sells 15,847 Shares of Meta Platforms, Inc. (NASDAQ:META) Stock

Key Points

• Mark Zuckerberg, CEO of Meta Platforms, sold 15,847 shares of the company's stock on August 8th for a total of approximately $12.12 million, with the stock priced at $765.11 per share.
• In the past month, Zuckerberg has conducted several significant share sales, totaling over $61 million across multiple transactions.
• Meta Platforms' stock reported a P/E ratio of 27.73 and had an annual revenue increase of 21.6%, with a recent quarterly earnings report exceeding estimates by $1.39 per share.

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $765.11, for a total transaction of $12,124,698.17. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Mark Zuckerberg also recently made the following trade(s):

• On Monday, August 4th, Mark Zuckerberg sold 15,847 shares of Meta Platforms stock. The stock was sold at an average price of $769.38, for a total transaction of $12,192,364.86.
• On Wednesday, August 6th, Mark Zuckerberg sold 15,847 shares of Meta Platforms stock. The shares were sold at an average price of $768.67, for a total transaction of $12,181,113.49.
• On Friday, August 1st, Mark Zuckerberg sold 15,847 shares of Meta Platforms stock. The stock was sold at an average price of $753.43, for a total transaction of $11,939,605.21.
• On Wednesday, July 2nd, Mark Zuckerberg sold 2,361 shares of Meta Platforms stock. The shares were sold at an average price of $716.48, for a total transaction of $1,691,609.28.
• On Tuesday, July 1st, Mark Zuckerberg sold 13,793 shares of Meta Platforms stock. The shares were sold at an average price of $723.89, for a total transaction of $9,984,614.77.
• On Friday, June 27th, Mark Zuckerberg sold 13,793 shares of Meta Platforms stock. The stock was sold at an average price of $730.47, for a total transaction of $10,075,372.71.
• On Wednesday, June 25th, Mark Zuckerberg sold 13,793 shares of Meta Platforms stock. The stock was sold at an average price of $710.24, for a total transaction of $9,796,340.32.
• On Friday, June 20th, Mark Zuckerberg sold 500 shares of Meta Platforms stock. The shares were sold at an average price of $700.38, for a total transaction of $350,190.00.
• On Monday, June 16th, Mark Zuckerberg sold 13,793 shares of Meta Platforms stock. The shares were 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.

Meta Platforms Price Performance

Meta Platforms stock traded down $3.43 during trading hours on Monday, reaching $765.87. 7,597,659 shares of the stock were exchanged, compared to its average volume of 15,441,953. The stock has a 50 day moving average of $714.53 and a two-hundred day moving average of $651.30. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $784.75. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.92 trillion, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 1.60 and a beta of 1.27.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same quarter last year, the business earned $5.16 EPS. The company's revenue was up 21.6% compared to the same quarter last year. Equities analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Monday, June 16th were paid a $0.525 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio is presently 7.60%.

Hedge Funds Weigh In On Meta Platforms

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Alteri Wealth LLC raised its stake in Meta Platforms by 25.3% in the second quarter. Alteri Wealth LLC now owns 5,183 shares of the social networking company's stock valued at $3,825,000 after purchasing an additional 1,048 shares in the last quarter. Outlook Wealth Advisors LLC grew its position in Meta Platforms by 1.1% during the second quarter. Outlook Wealth Advisors LLC now owns 2,501 shares of the social networking company's stock valued at $1,846,000 after acquiring an additional 27 shares during the last quarter. VSM Wealth Advisory LLC grew its position in Meta Platforms by 170.0% during the second quarter. VSM Wealth Advisory LLC now owns 108 shares of the social networking company's stock valued at $80,000 after acquiring an additional 68 shares during the last quarter. Kingdom Financial Group LLC. bought a new position in Meta Platforms during the second quarter valued at approximately $574,000. Finally, Brown Wealth Management LLC grew its position in Meta Platforms by 22.3% during the second quarter. Brown Wealth Management LLC now owns 846 shares of the social networking company's stock valued at $624,000 after acquiring an additional 154 shares during the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on META. The Goldman Sachs Group upped their price objective on shares of Meta Platforms from $685.00 to $690.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. DA Davidson increased their price objective on shares of Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Citizens Jmp increased their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. TD Securities lowered their price objective on shares of Meta Platforms from $725.00 to $700.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Oppenheimer lifted their price target on shares of Meta Platforms from $775.00 to $870.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Four investment analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus price target of $822.41.

Meta Platforms Company Profile

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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