Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg Sells 77,412 Shares

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) CEO Mark Zuckerberg sold 77,412 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $486.18, for a total transaction of $37,636,166.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Monday, February 26th, Mark Zuckerberg sold 77,412 shares of Meta Platforms stock. The stock was sold at an average price of $483.34, for a total transaction of $37,416,316.08.
  • On Friday, February 23rd, Mark Zuckerberg sold 31,493 shares of Meta Platforms stock. The shares were sold at an average price of $487.52, for a total transaction of $15,353,467.36.
  • On Wednesday, February 21st, Mark Zuckerberg sold 97,093 shares of Meta Platforms stock. The shares were sold at an average price of $466.08, for a total transaction of $45,253,105.44.
  • On Friday, February 16th, Mark Zuckerberg sold 34,398 shares of Meta Platforms stock. The shares were sold at an average price of $473.83, for a total transaction of $16,298,804.34.
  • On Monday, February 12th, Mark Zuckerberg sold 34,398 shares of Meta Platforms stock. The shares were sold at an average price of $473.32, for a total transaction of $16,281,261.36.
  • On Wednesday, February 14th, Mark Zuckerberg sold 34,398 shares of Meta Platforms stock. The shares were sold at an average price of $469.69, for a total transaction of $16,156,396.62.
  • On Friday, February 9th, Mark Zuckerberg sold 97,093 shares of Meta Platforms stock. The shares were sold at an average price of $469.67, for a total transaction of $45,601,669.31.
  • On Tuesday, February 6th, Mark Zuckerberg sold 34,398 shares of Meta Platforms stock. The shares were sold at an average price of $457.52, for a total transaction of $15,737,772.96.
  • On Monday, January 29th, Mark Zuckerberg sold 65,600 shares of Meta Platforms stock. The shares were sold at an average price of $400.50, for a total transaction of $26,272,800.00.
  • On Wednesday, January 31st, Mark Zuckerberg sold 19,681 shares of Meta Platforms stock. The stock was sold at an average price of $393.85, for a total transaction of $7,751,361.85.

Meta Platforms Stock Down 0.6 %

NASDAQ META traded down $3.03 during trading on Wednesday, reaching $484.02. The company’s stock had a trading volume of 12,691,081 shares, compared to its average volume of 19,886,441. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $1.23 trillion, a PE ratio of 32.48, a PEG ratio of 1.24 and a beta of 1.15. The business has a 50-day moving average price of $409.08 and a 200-day moving average price of $346.80. Meta Platforms, Inc. has a 1-year low of $171.43 and a 1-year high of $494.36.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.82 by $0.51. The firm had revenue of $40.11 billion during the quarter, compared to analysts’ expectations of $39.12 billion. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The company’s revenue was up 24.7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.00 earnings per share. On average, research analysts forecast that Meta Platforms, Inc. will post 19.94 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend is Wednesday, February 21st. Meta Platforms’s payout ratio is 13.42%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on META shares. Citigroup raised their price target on shares of Meta Platforms from $440.00 to $525.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Barclays raised their price target on shares of Meta Platforms from $400.00 to $550.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Stifel Nicolaus lifted their price objective on shares of Meta Platforms from $405.00 to $527.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada lifted their price objective on shares of Meta Platforms from $400.00 to $565.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, UBS Group lifted their price objective on shares of Meta Platforms from $425.00 to $530.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating, forty have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $494.53.

Read Our Latest Stock Report on Meta Platforms

Institutional Trading of Meta Platforms

Institutional investors and hedge funds have recently modified their holdings of the company. Fairfield Bush & CO. bought a new position in Meta Platforms during the first quarter worth $66,000. Mirae Asset Global Investments Co. Ltd. increased its position in Meta Platforms by 12.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,244,201 shares of the social networking company’s stock worth $499,020,000 after acquiring an additional 249,926 shares during the period. Ergoteles LLC increased its position in Meta Platforms by 284.0% during the first quarter. Ergoteles LLC now owns 3,356 shares of the social networking company’s stock worth $746,000 after acquiring an additional 2,482 shares during the period. First Western Trust Bank bought a new position in Meta Platforms during the first quarter worth $813,000. Finally, Oxford Financial Group Ltd. increased its position in Meta Platforms by 26.9% during the first quarter. Oxford Financial Group Ltd. now owns 1,888 shares of the social networking company’s stock worth $420,000 after acquiring an additional 400 shares during the period. 62.87% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Company Profile

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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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Insider Buying and Selling by Quarter for Meta Platforms (NASDAQ:META)

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