Meta Platforms, Inc. (NASDAQ:META - Get Free Report) CEO Mark Zuckerberg sold 15,847 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $753.43, for a total value of $11,939,605.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Mark Zuckerberg also recently made the following trade(s):
- 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 value of $1,691,609.28.
- On Tuesday, July 1st, Mark Zuckerberg sold 13,793 shares of Meta Platforms stock. The stock was sold at an average price of $723.89, for a total value of $9,984,614.77.
- On Friday, June 27th, Mark Zuckerberg sold 13,793 shares of Meta Platforms stock. The shares were sold at an average price of $730.47, for a total value 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 value 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 value 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 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 shares were 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 transaction 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 transaction of $9,670,686.09.
Meta Platforms Stock Performance
META stock traded up $26.36 on Monday, hitting $776.37. The company had a trading volume of 15,753,485 shares, compared to its average volume of 13,038,546. Meta Platforms, Inc. has a 12-month low of $450.80 and a 12-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 stock's 50-day simple moving average is $701.68 and its 200 day simple moving average is $646.12. The stock has a market cap of $1.95 trillion, a price-to-earnings ratio of 28.11, a P/E/G ratio of 1.60 and a beta of 1.27.
Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. The company had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. Meta Platforms's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.16 earnings per share. As a group, equities research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.
Meta Platforms Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, June 16th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms's payout ratio is 7.60%.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on META shares. Wedbush boosted their price objective on shares of Meta Platforms from $750.00 to $920.00 and gave the company an "outperform" rating in a research report on Thursday. Roth Capital upped their price target on shares of Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Canaccord Genuity Group upped their price target on shares of Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Susquehanna dropped their price objective on shares of 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, DA Davidson raised their price target on shares of Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $820.32.
View Our Latest Report on Meta Platforms
Hedge Funds Weigh In On Meta Platforms
A number of institutional investors have recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after acquiring an additional 570 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after buying an additional 875 shares in the last quarter. Bank Pictet & Cie Europe AG grew its stake in Meta Platforms by 3.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 221,459 shares of the social networking company's stock valued at $129,666,000 after purchasing an additional 7,587 shares in the last quarter. Highview Capital Management LLC DE lifted its holdings in Meta Platforms by 3.7% during the 4th quarter. Highview Capital Management LLC DE now owns 6,189 shares of the social networking company's stock worth $3,624,000 after buying an additional 218 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Meta Platforms during the 4th quarter worth approximately $2,243,603,000. 79.91% of the stock is owned by hedge funds and other institutional investors.
About Meta Platforms
(
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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