Mark Zuckerberg Sells 4,909 Shares of Meta Platforms, Inc. (NASDAQ:META) Stock

Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg sold 4,909 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $519.17, for a total value of $2,548,605.53. Following the transaction, the chief executive officer now owns 519,000 shares in the company, valued at $269,449,230. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, August 26th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The stock was sold at an average price of $520.48, for a total value of $8,693,056.96.
• On Wednesday, August 28th, Mark Zuckerberg sold 7,975 shares of Meta Platforms stock. The shares were sold at an average price of $516.36, for a total value of $4,117,971.00.
• On Friday, August 23rd, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The stock was sold at an average price of $531.46, for a total transaction of $8,876,444.92.
• On Monday, August 19th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The stock was sold at an average price of $526.94, for a total transaction of $8,800,951.88.
• On Wednesday, August 21st, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The stock was sold at an average price of $533.24, for a total value of $8,906,174.48.
• On Friday, August 16th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The stock was sold at an average price of $529.09, for a total transaction of $8,836,861.18.
• On Monday, August 12th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The stock was sold at an average price of $514.89, for a total transaction of $8,599,692.78.
• On Wednesday, August 14th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The shares were sold at an average price of $528.51, for a total transaction of $8,827,174.02.
• On Friday, August 9th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The shares were sold at an average price of $513.09, for a total value of $8,569,629.18.
• On Wednesday, August 7th, Mark Zuckerberg sold 6,534 shares of Meta Platforms stock. The stock was sold at an average price of $505.04, for a total value of $3,299,931.36.

Meta Platforms Price Performance

Meta Platforms stock opened at $511.76 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.83 and a current ratio of 2.83. Meta Platforms, Inc. has a one year low of $279.40 and a one year high of $544.23. The company has a market cap of $1.30 trillion, a P/E ratio of 29.39, a price-to-earnings-growth ratio of 1.29 and a beta of 1.21. The business has a fifty day moving average of $505.32 and a two-hundred day moving average of $493.64.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, July 31st. The social networking company reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.46. Meta Platforms had a net margin of 34.34% and a return on equity of 34.16%. The firm had revenue of $39.07 billion for the quarter, compared to the consensus estimate of $38.26 billion. During the same quarter in the previous year, the firm earned $3.23 earnings per share. The firm’s revenue was up 22.1% on a year-over-year basis. As a group, analysts predict that Meta Platforms, Inc. will post 21.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Meta Platforms

Several institutional investors have recently modified their holdings of META. Quest Partners LLC purchased a new stake in shares of Meta Platforms in the fourth quarter valued at about $32,000. Clear Investment Research LLC lifted its stake in Meta Platforms by 411.1% in the 4th quarter. Clear Investment Research LLC now owns 92 shares of the social networking company’s stock valued at $33,000 after buying an additional 74 shares in the last quarter. Delos Wealth Advisors LLC grew its holdings in Meta Platforms by 527.3% during the 1st quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company’s stock valued at $34,000 after buying an additional 58 shares during the last quarter. POM Investment Strategies LLC purchased a new position in Meta Platforms during the second quarter worth $38,000. Finally, Ruedi Wealth Management Inc. raised its holdings in shares of Meta Platforms by 122.2% in the second quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company’s stock worth $40,000 after acquiring an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on META. Rosenblatt Securities raised their target price on Meta Platforms from $562.00 to $643.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada restated an “outperform” rating and set a $570.00 price objective on shares of Meta Platforms in a research report on Thursday, August 1st. Jefferies Financial Group upped their target price on shares of Meta Platforms from $565.00 to $600.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Evercore ISI lifted their price target on shares of Meta Platforms from $550.00 to $600.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group upped their price objective on shares of Meta Platforms from $522.00 to $555.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $574.41.

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.