Meta Platforms, Inc. (NASDAQ:META – Get Free Report) CEO Mark Zuckerberg sold 77,412 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $506.92, for a total transaction of $39,241,691.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Mark Zuckerberg also recently made the following trade(s):
- On Monday, March 25th, Mark Zuckerberg sold 77,412 shares of Meta Platforms stock. The shares were sold at an average price of $504.82, for a total transaction of $39,079,125.84.
- On Wednesday, March 27th, Mark Zuckerberg sold 31,493 shares of Meta Platforms stock. The stock was sold at an average price of $492.14, for a total transaction of $15,498,965.02.
- On Monday, March 18th, Mark Zuckerberg sold 31,493 shares of Meta Platforms stock. The stock was sold at an average price of $492.37, for a total transaction of $15,506,208.41.
- On Wednesday, March 20th, Mark Zuckerberg sold 31,493 shares of Meta Platforms stock. The stock was sold at an average price of $500.32, for a total transaction of $15,756,577.76.
- On Friday, March 15th, Mark Zuckerberg sold 77,412 shares of Meta Platforms stock. The stock was sold at an average price of $485.11, for a total transaction of $37,553,335.32.
- On Monday, March 11th, Mark Zuckerberg sold 31,493 shares of Meta Platforms stock. The stock was sold at an average price of $485.10, for a total transaction of $15,277,254.30.
- On Wednesday, March 13th, Mark Zuckerberg sold 77,412 shares of Meta Platforms stock. The stock was sold at an average price of $495.66, for a total transaction of $38,370,031.92.
- On Friday, March 8th, Mark Zuckerberg sold 31,493 shares of Meta Platforms stock. The stock was sold at an average price of $511.13, for a total transaction of $16,097,017.09.
- On Monday, March 4th, Mark Zuckerberg sold 77,412 shares of Meta Platforms stock. The stock was sold at an average price of $500.60, for a total transaction of $38,752,447.20.
- On Wednesday, March 6th, Mark Zuckerberg sold 77,412 shares of Meta Platforms stock. The stock was sold at an average price of $497.61, for a total transaction of $38,520,985.32.
Meta Platforms Stock Performance
Shares of NASDAQ META opened at $493.86 on Thursday. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.12. Meta Platforms, Inc. has a 12 month low of $197.90 and a 12 month high of $523.57. The company has a 50 day simple moving average of $464.84 and a two-hundred day simple moving average of $375.30. The stock has a market cap of $1.26 trillion, a price-to-earnings ratio of 33.14, a PEG ratio of 1.29 and a beta of 1.21.
Meta Platforms Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend was Wednesday, February 21st. Meta Platforms’s dividend payout ratio is currently 13.42%.
Analysts Set New Price Targets
Several research analysts have issued reports on META shares. Royal Bank of Canada increased their target price on shares of Meta Platforms from $400.00 to $565.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. JMP Securities increased their target price on shares of Meta Platforms from $410.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Roth Mkm reiterated a “buy” rating and set a $500.00 target price on shares of Meta Platforms in a report on Monday, March 18th. Oppenheimer raised their price target on shares of Meta Platforms from $385.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Canaccord Genuity Group raised their price target on shares of Meta Platforms from $450.00 to $540.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $496.35.
Read Our Latest Report on Meta Platforms
Hedge Funds Weigh In On Meta Platforms
Several large investors have recently made changes to their positions in the company. HighPoint Advisor Group LLC acquired a new position in shares of Meta Platforms in the 4th quarter valued at $15,283,000. Fairman Group LLC acquired a new position in shares of Meta Platforms in the 4th quarter valued at $403,000. Ariston Services Group purchased a new stake in Meta Platforms in the 4th quarter worth $207,000. Warren Street Wealth Advisors LLC increased its holdings in Meta Platforms by 4.9% in the 4th quarter. Warren Street Wealth Advisors LLC now owns 2,069 shares of the social networking company’s stock worth $732,000 after acquiring an additional 97 shares in the last quarter. Finally, Accent Capital Management LLC purchased a new stake in Meta Platforms in the 4th quarter worth $6,528,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.
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.
See Also
- Five stocks we like better than Meta Platforms
- Market Cap Calculator: How to Calculate Market Cap
- Best Bear Market Funds: Top 3 Investment Options to Consider
- CD Calculator: Certificate of Deposit Calculator
- Is DraftKings A Good Bet Ahead of Q1 Earnings?
- How to Use the MarketBeat Stock Screener
- Mid-Cap Stocks to Outperform the Market This Cycle
Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.