Mark Zuckerberg Sells 35,921 Shares of Meta Platforms, Inc. (NASDAQ:META) Stock

Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg sold 35,921 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $611.10, for a total transaction of $21,951,323.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, January 6th, Mark Zuckerberg sold 12,975 shares of Meta Platforms stock. The shares were sold at an average price of $618.42, for a total value of $8,023,999.50.
• On Friday, January 3rd, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The stock was sold at an average price of $603.98, for a total value of $21,695,565.58.
• On Friday, December 27th, Mark Zuckerberg sold 2,311 shares of Meta Platforms stock. The stock was sold at an average price of $600.21, for a total transaction of $1,387,085.31.
• On Tuesday, December 24th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The stock was sold at an average price of $604.46, for a total transaction of $21,712,807.66.
• On Friday, December 20th, Mark Zuckerberg sold 10,100 shares of Meta Platforms stock. The shares were sold at an average price of $601.54, for a total value of $6,075,554.00.
• On Monday, December 16th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The shares were sold at an average price of $624.85, for a total value of $22,445,236.85.
• On Wednesday, December 18th, Mark Zuckerberg sold 22,035 shares of Meta Platforms stock. The stock was sold at an average price of $618.63, for a total value of $13,631,512.05.
• On Friday, December 13th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The shares were sold at an average price of $622.24, for a total value of $22,351,483.04.
• On Monday, December 9th, Mark Zuckerberg sold 12,975 shares of Meta Platforms stock. The stock was sold at an average price of $614.36, for a total value of $7,971,321.00.
• On Wednesday, December 11th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The shares were sold at an average price of $633.25, for a total value of $22,746,973.25.

Meta Platforms Stock Performance

Shares of META stock opened at $610.72 on Friday. The company has a fifty day moving average price of $592.65 and a two-hundred day moving average price of $552.16. Meta Platforms, Inc. has a one year low of $355.36 and a one year high of $638.40. The stock has a market cap of $1.54 trillion, a P/E ratio of 28.77, a P/E/G ratio of 1.36 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.73.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share for the quarter, topping analysts’ consensus estimates of $5.19 by $0.84. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. The firm had revenue of $40.59 billion for the quarter, compared to the consensus estimate of $40.21 billion. As a group, equities analysts predict that Meta Platforms, Inc. will post 22.68 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 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 0.33%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s dividend payout ratio is presently 9.42%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of META. JDM Financial Group LLC bought a new position in shares of Meta Platforms during the third quarter worth approximately $30,000. Safe Harbor Fiduciary LLC bought a new position in Meta Platforms during the 3rd quarter worth $36,000. Halpern Financial Inc. acquired a new stake in shares of Meta Platforms during the third quarter worth $46,000. West Financial Advisors LLC bought a new stake in shares of Meta Platforms in the third quarter valued at about $49,000. Finally, Hoese & Co LLP grew its stake in shares of Meta Platforms by 2,000.0% in the third quarter. Hoese & Co LLP now owns 105 shares of the social networking company’s stock valued at $60,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. KeyCorp lifted their price target on shares of Meta Platforms from $560.00 to $655.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Rosenblatt Securities reaffirmed a “buy” rating and set a $811.00 target price on shares of Meta Platforms in a report on Thursday, October 31st. Raymond James reissued a “strong-buy” rating and issued a $675.00 price target on shares of Meta Platforms in a research note on Monday, November 25th. Robert W. Baird lifted their price objective on Meta Platforms from $605.00 to $630.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, Sanford C. Bernstein increased their target price on Meta Platforms from $600.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $645.80.

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.