Mark Zuckerberg Sells 16,702 Shares of Meta Platforms, Inc. (NASDAQ:META) Stock

Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg sold 16,702 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $503.08, for a total value of $8,402,442.16. Following the transaction, the chief executive officer now directly owns 204,280 shares in the company, valued at $102,769,182.40. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, July 3rd, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The stock was sold at an average price of $509.10, for a total value of $8,502,988.20.
• On Friday, June 28th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The stock was sold at an average price of $514.96, for a total value of $8,600,861.92.
• On Monday, June 24th, Mark Zuckerberg sold 9,760 shares of Meta Platforms stock. The stock was sold at an average price of $502.87, for a total value of $4,908,011.20.
• On Wednesday, June 26th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The stock was 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 stock was 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 stock was 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 stock was 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 shares were sold at an average price of $500.92, for a total value of $1,007,350.12.

Meta Platforms Stock Up 0.1 %

Meta Platforms stock opened at $509.96 on Friday. The stock has a market cap of $1.29 trillion, a PE ratio of 29.29, a price-to-earnings-growth ratio of 1.32 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.68. Meta Platforms, Inc. has a one year low of $274.38 and a one year high of $531.49. The stock has a fifty day moving average of $482.42 and a 200 day moving average of $458.78.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. The business had revenue of $36.46 billion during the quarter, compared to analysts’ expectations of $36.28 billion. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 20.16 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Friday, June 14th. Meta Platforms’s payout ratio is 11.49%.

Institutional Trading of Meta Platforms

A number of hedge funds and other institutional investors have recently bought and sold shares of META. Kennedy Capital Management LLC boosted its stake in Meta Platforms by 18.8% during the third quarter. Kennedy Capital Management LLC now owns 13,847 shares of the social networking company’s stock valued at $4,157,000 after buying an additional 2,189 shares during the last quarter. KADENSA CAPITAL Ltd bought a new position in Meta Platforms during the third quarter valued at approximately $9,548,000. Jericho Capital Asset Management L.P. boosted its stake in Meta Platforms by 88.4% during the third quarter. Jericho Capital Asset Management L.P. now owns 1,084,963 shares of the social networking company’s stock valued at $325,717,000 after buying an additional 509,000 shares during the last quarter. Jackson Wealth Management LLC bought a new position in Meta Platforms during the third quarter valued at approximately $201,000. Finally, JT Stratford LLC boosted its stake in Meta Platforms by 22.0% during the third quarter. JT Stratford LLC now owns 12,876 shares of the social networking company’s stock valued at $3,866,000 after buying an additional 2,318 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on META shares. Stifel Nicolaus boosted their target price on Meta Platforms from $527.00 to $588.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Guggenheim reduced their target price on Meta Platforms from $520.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Needham & Company LLC reissued an “underperform” rating on shares of Meta Platforms in a research note on Monday. Oppenheimer reduced their target price on Meta Platforms from $585.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Finally, Barclays reduced their target price on Meta Platforms from $550.00 to $520.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and an average target price of $511.27.

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.