Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg Sells 55,589 Shares

Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg sold 55,589 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $717.72, for a total transaction of $39,897,337.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, February 3rd, Mark Zuckerberg sold 12,975 shares of Meta Platforms stock. The stock was sold at an average price of $696.23, for a total value of $9,033,584.25.
• On Wednesday, February 5th, Mark Zuckerberg sold 12,975 shares of Meta Platforms stock. The shares were sold at an average price of $706.72, for a total value of $9,169,692.00.
• On Friday, January 31st, Mark Zuckerberg sold 12,975 shares of Meta Platforms stock. The stock was sold at an average price of $696.39, for a total value of $9,035,660.25.
• On Monday, January 27th, Mark Zuckerberg sold 22,366 shares of Meta Platforms stock. The shares were sold at an average price of $648.68, for a total transaction of $14,508,376.88.
• On Wednesday, January 29th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The shares were sold at an average price of $673.57, for a total transaction of $24,195,307.97.
• On Friday, January 24th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The stock was sold at an average price of $644.76, for a total transaction of $23,160,423.96.
• On Wednesday, January 22nd, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The shares were sold at an average price of $626.80, for a total value of $22,515,282.80.
• On Friday, January 17th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The stock was sold at an average price of $613.85, for a total value of $22,050,105.85.
• On Monday, January 13th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The stock was sold at an average price of $604.69, for a total value of $21,721,069.49.
• On Wednesday, January 15th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The shares were sold at an average price of $616.16, for a total value of $22,133,083.36.

Meta Platforms Stock Up 0.4 %

META opened at $717.40 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. The company has a market capitalization of $1.82 trillion, a PE ratio of 29.99, a P/E/G ratio of 1.46 and a beta of 1.20. The stock’s fifty day moving average is $629.73 and its 200-day moving average is $576.95. Meta Platforms, Inc. has a one year low of $414.50 and a one year high of $725.01.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, topping the consensus estimate of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same period in the previous year, the firm earned $5.33 EPS. On average, equities analysts predict that Meta Platforms, Inc. will post 26.66 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date was Monday, December 16th. Meta Platforms’s payout ratio is 8.36%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC boosted its position in shares of Meta Platforms by 57,001.5% in the 3rd quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company’s stock valued at $5,447,975,000 after purchasing an additional 9,500,444 shares during the period. Proficio Capital Partners LLC boosted its holdings in shares of Meta Platforms by 78,471.1% in the fourth quarter. Proficio Capital Partners LLC now owns 6,248,763 shares of the social networking company’s stock worth $3,658,713,000 after buying an additional 6,240,810 shares during the period. Integrated Investment Consultants LLC increased its position in shares of Meta Platforms by 61,769.3% in the third quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company’s stock worth $2,365,820,000 after acquiring an additional 4,126,190 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Meta Platforms during the fourth quarter valued at approximately $2,243,603,000. Finally, Strategic Financial Concepts LLC lifted its position in shares of Meta Platforms by 87,269.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,067,659 shares of the social networking company’s stock valued at $625,125,000 after acquiring an additional 1,066,437 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Susquehanna upped their price target on shares of Meta Platforms from $675.00 to $800.00 and gave the company a “positive” rating in a report on Thursday, January 30th. Robert W. Baird increased their price target on shares of Meta Platforms from $680.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Wells Fargo & Company boosted their price objective on Meta Platforms from $685.00 to $752.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Monness Crespi & Hardt increased their target price on Meta Platforms from $620.00 to $660.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Oppenheimer lifted their target price on Meta Platforms from $650.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Meta Platforms currently has an average rating of “Moderate Buy” and an average target price of $710.83.

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.