Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg Sells 31,493 Shares

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) CEO Mark Zuckerberg sold 31,493 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $492.37, for a total transaction of $15,506,208.41. The transaction 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 Wednesday, March 20th, Mark Zuckerberg sold 31,493 shares of Meta Platforms stock. The shares were sold at an average price of $500.32, for a total transaction of $15,756,577.76.
  • On Friday, March 15th, Mark Zuckerberg sold 77,412 shares of Meta Platforms stock. The shares were sold at an average price of $485.11, for a total transaction of $37,553,335.32.
  • On Monday, March 11th, Mark Zuckerberg sold 31,493 shares of Meta Platforms stock. The shares were sold at an average price of $485.10, for a total transaction of $15,277,254.30.
  • On Wednesday, March 13th, Mark Zuckerberg sold 77,412 shares of Meta Platforms stock. The stock was sold at an average price of $495.66, for a total transaction of $38,370,031.92.
  • On Friday, March 8th, Mark Zuckerberg sold 31,493 shares of Meta Platforms stock. The stock was sold at an average price of $511.13, for a total transaction of $16,097,017.09.
  • On Monday, March 4th, Mark Zuckerberg sold 77,412 shares of Meta Platforms stock. The stock was sold at an average price of $500.60, for a total transaction of $38,752,447.20.
  • On Wednesday, March 6th, Mark Zuckerberg sold 77,412 shares of Meta Platforms stock. The stock was sold at an average price of $497.61, for a total transaction of $38,520,985.32.
  • On Friday, March 1st, Mark Zuckerberg sold 45,919 shares of Meta Platforms stock. The stock was sold at an average price of $500.30, for a total transaction of $22,973,275.70.
  • 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 Wednesday, February 28th, Mark Zuckerberg sold 77,412 shares of Meta Platforms stock. The shares were sold at an average price of $486.18, for a total transaction of $37,636,166.16.

Meta Platforms Price Performance

NASDAQ META traded up $9.28 during trading hours on Wednesday, reaching $505.52. The company’s stock had a trading volume of 11,675,292 shares, compared to its average volume of 18,722,973. The stock has a market cap of $1.29 trillion, a PE ratio of 33.93, a PEG ratio of 1.28 and a beta of 1.21. Meta Platforms, Inc. has a fifty-two week low of $197.90 and a fifty-two week high of $523.57. The company’s 50-day moving average is $449.02 and its two-hundred day moving average is $367.22. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.67.

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

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $2.00 annualized dividend and a dividend yield of 0.40%. Meta Platforms’s dividend payout ratio is currently 13.42%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of META. Norges Bank purchased a new position in shares of Meta Platforms during the 4th quarter worth about $4,223,148,000. Morgan Stanley purchased a new position in shares of Meta Platforms during the 4th quarter worth about $4,072,543,000. Moneta Group Investment Advisors LLC purchased a new position in Meta Platforms in the fourth quarter valued at approximately $1,796,633,000. Legal & General Group Plc purchased a new position in Meta Platforms in the fourth quarter valued at approximately $1,731,491,000. Finally, FMR LLC raised its holdings in Meta Platforms by 4.0% in the third quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock valued at $39,270,443,000 after buying an additional 5,001,647 shares during the period. 62.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on META shares. Wolfe Research lifted their target price on shares of Meta Platforms from $430.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Canaccord Genuity Group lifted their target price on shares of Meta Platforms from $450.00 to $540.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Bank of America lifted their target price on shares of Meta Platforms from $425.00 to $510.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada lifted their target price 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, Jefferies Financial Group boosted their price target on shares of Meta Platforms from $425.00 to $455.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, forty have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and a consensus target price of $496.35.

View Our Latest Analysis on Meta Platforms

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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