Meta Platforms, Inc. (NASDAQ:META) CEO Sells $252,071.40 in Stock

Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg sold 420 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $600.17, for a total transaction of $252,071.40. Following the sale, the chief executive officer now owns 518,004 shares of the company’s stock, valued at approximately $310,890,460.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, October 14th, Mark Zuckerberg sold 84 shares of Meta Platforms stock. The stock was sold at an average price of $600.00, for a total transaction of $50,400.00.
• On Monday, October 7th, Mark Zuckerberg sold 492 shares of Meta Platforms stock. The stock was sold at an average price of $600.75, for a total transaction of $295,569.00.
• On Friday, August 30th, Mark Zuckerberg sold 4,909 shares of Meta Platforms stock. The stock was sold at an average price of $519.17, for a total transaction of $2,548,605.53.
• 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 transaction of $8,693,056.96.
• On Wednesday, August 28th, Mark Zuckerberg sold 7,975 shares of Meta Platforms stock. The stock was sold at an average price of $516.36, for a total transaction 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 transaction 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.

Meta Platforms Trading Down 0.1 %

Shares of Meta Platforms stock opened at $567.16 on Monday. The company’s fifty day simple moving average is $555.99 and its 200-day simple moving average is $513.25. The stock has a market capitalization of $1.43 trillion, a PE ratio of 26.72, a P/E/G ratio of 1.36 and a beta of 1.22. Meta Platforms, Inc. has a 1-year low of $308.33 and a 1-year high of $602.95. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.83.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, topping the consensus estimate of $5.19 by $0.84. The business had revenue of $40.59 billion for the quarter, compared to analysts’ expectations of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. As a group, equities analysts anticipate that Meta Platforms, Inc. will post 21.84 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Monday, September 16th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Monday, September 16th. Meta Platforms’s dividend payout ratio (DPR) is 9.42%.

Analyst Ratings Changes

A number of research firms recently issued reports on META. Tigress Financial increased their price target on shares of Meta Platforms from $575.00 to $645.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 16th. Susquehanna raised their target price on shares of Meta Platforms from $600.00 to $675.00 and gave the company a “positive” rating in a research note on Thursday. Roth Mkm raised their target price on shares of Meta Platforms from $620.00 to $635.00 and gave the company a “buy” rating in a research note on Thursday. TD Cowen raised their target price on shares of Meta Platforms from $600.00 to $675.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Finally, Needham & Company LLC reaffirmed an “underperform” rating on shares of Meta Platforms in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $634.10.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of META. Delos Wealth Advisors LLC lifted its stake in shares of 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 in the last quarter. POM Investment Strategies LLC purchased a new position in shares of Meta Platforms during the 2nd quarter valued at $38,000. Ruedi Wealth Management Inc. lifted its stake in shares of Meta Platforms by 122.2% during the 2nd quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company’s stock valued at $40,000 after buying an additional 44 shares in the last quarter. Richardson Financial Services Inc. lifted its stake in shares of Meta Platforms by 95.6% during the 1st quarter. Richardson Financial Services Inc. now owns 88 shares of the social networking company’s stock valued at $41,000 after buying an additional 43 shares in the last quarter. Finally, Halpern Financial Inc. purchased a new position in shares of Meta Platforms during the 3rd quarter valued at $46,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

About Meta Platforms

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.