Meta Platforms, Inc. (NASDAQ:META – Get Free Report) CEO Mark Zuckerberg sold 9,760 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $502.87, for a total transaction of $4,908,011.20. Following the completion of the transaction, the chief executive officer now owns 247,915 shares in the company, valued at $124,669,016.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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Mark Zuckerberg also recently made the following trade(s):
- On Wednesday, June 26th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The shares were sold at an average price of $510.88, for a total value of $8,532,717.76.
- On Friday, June 21st, Mark Zuckerberg sold 2,054 shares of Meta Platforms stock. The shares were sold at an average price of $501.05, for a total value of $1,029,156.70.
- On Friday, June 14th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The shares were sold at an average price of $503.34, for a total value of $8,406,784.68.
- On Tuesday, June 11th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The shares were sold at an average price of $503.18, for a total value of $8,404,112.36.
- On Thursday, June 6th, Mark Zuckerberg sold 2,011 shares of Meta Platforms stock. The stock was sold at an average price of $500.92, for a total value of $1,007,350.12.
- On Monday, April 1st, Mark Zuckerberg sold 31,465 shares of Meta Platforms stock. The stock was sold at an average price of $491.49, for a total value of $15,464,732.85.
Meta Platforms Trading Up 0.5 %
META traded up $2.52 during midday trading on Wednesday, hitting $513.12. The company’s stock had a trading volume of 8,450,940 shares, compared to its average volume of 16,499,006. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12. The firm has a market cap of $1.30 trillion, a P/E ratio of 29.47, a PEG ratio of 1.33 and a beta of 1.21. The firm has a 50-day moving average price of $479.18 and a two-hundred day moving average price of $452.22. Meta Platforms, Inc. has a 52-week low of $274.38 and a 52-week high of $531.49.
Meta Platforms (NASDAQ:META – Get Free Report) last issued its earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. The business had revenue of $36.46 billion during the quarter, compared to analysts’ expectations of $36.28 billion. On average, research analysts anticipate that Meta Platforms, Inc. will post 20.16 earnings per share for the current year.
Meta Platforms Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Friday, June 14th. Meta Platforms’s payout ratio is currently 11.49%.
Institutional Trading of Meta Platforms
Institutional investors have recently modified their holdings of the company. S.A. Mason LLC grew its stake in shares of Meta Platforms by 1.5% during the first quarter. S.A. Mason LLC now owns 1,328 shares of the social networking company’s stock worth $645,000 after purchasing an additional 20 shares during the period. Horizon Bancorp Inc. IN grew its stake in Meta Platforms by 2.0% in the first quarter. Horizon Bancorp Inc. IN now owns 1,057 shares of the social networking company’s stock valued at $513,000 after acquiring an additional 21 shares during the period. Northern Capital Management Inc. grew its stake in Meta Platforms by 3.4% in the first quarter. Northern Capital Management Inc. now owns 647 shares of the social networking company’s stock valued at $314,000 after acquiring an additional 21 shares during the period. LongView Wealth Management grew its stake in Meta Platforms by 1.3% in the first quarter. LongView Wealth Management now owns 1,762 shares of the social networking company’s stock valued at $856,000 after acquiring an additional 22 shares during the period. Finally, Hanson & Doremus Investment Management grew its stake in Meta Platforms by 5.3% in the first quarter. Hanson & Doremus Investment Management now owns 435 shares of the social networking company’s stock valued at $211,000 after acquiring an additional 22 shares during the period. Hedge funds and other institutional investors own 79.91% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. TD Cowen decreased their price target on Meta Platforms from $590.00 to $530.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Canaccord Genuity Group decreased their price target on Meta Platforms from $610.00 to $575.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Guggenheim decreased their price target on Meta Platforms from $520.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Robert W. Baird decreased their price target on Meta Platforms from $525.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Finally, BNP Paribas started coverage on Meta Platforms in a report on Thursday, May 2nd. They issued an “underperform” rating and a $360.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus target price of $510.05.
Read Our Latest Research Report on Meta Platforms
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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