Meta Platforms, Inc. (NASDAQ:META - Get Free Report) CEO Mark Zuckerberg sold 13,793 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of $702.06, for a total value of $9,683,513.58. Following the completion of the sale, the chief executive officer now owns 96,684 shares of the company's stock, valued at approximately $67,877,969.04. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Mark Zuckerberg also recently made the following trade(s):
- 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 value 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 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 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 Down 1.9%
Shares of META stock traded down $13.42 on Friday, reaching $682.35. 22,498,010 shares of the company's stock traded hands, compared to its average volume of 14,546,632. Meta Platforms, Inc. has a 12-month low of $442.65 and a 12-month high of $740.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.66 and a current ratio of 2.66. The company has a market capitalization of $1.72 trillion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 1.71 and a beta of 1.26. The business's 50 day moving average price is $618.10 and its two-hundred day moving average price is $623.08.
Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $41.45 billion. During the same quarter in the previous year, the company posted $4.71 earnings per share. Meta Platforms's revenue for the quarter was up 16.1% compared to the same quarter last year. On average, equities analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.
Meta Platforms Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Monday, June 16th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.31%. The ex-dividend date is Monday, June 16th. Meta Platforms's payout ratio is currently 8.19%.
Analysts Set New Price Targets
Several equities analysts have recently commented on META shares. Benchmark reduced their price target on shares of Meta Platforms from $820.00 to $640.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Truist Financial increased their price target 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. Roth Capital raised their target price on shares of Meta Platforms from $580.00 to $620.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Evercore ISI raised their target price on shares of Meta Platforms from $725.00 to $750.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, Susquehanna dropped their target price on Meta Platforms from $800.00 to $700.00 and set a "positive" rating on the stock in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $710.00.
Get Our Latest Report on META
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Meta Platforms by 0.8% in the 4th 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 increased its position in Meta Platforms by 2.1% in 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 last quarter. Price T Rowe Associates Inc. MD boosted 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 worth $24,777,282,000 after acquiring an additional 1,049,121 shares in the last quarter. Capital World Investors boosted its stake in shares of Meta Platforms by 2.9% during the 4th quarter. Capital World Investors now owns 40,317,105 shares of the social networking company's stock worth $23,606,338,000 after acquiring an additional 1,141,355 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Meta Platforms during the 4th quarter worth about $19,949,512,000. 79.91% of the stock is owned by institutional investors and hedge funds.
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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