Meta Platforms, Inc. (NASDAQ:META) CEO Sells $8,909,382.81 in Stock
Meta Platforms, Inc. (NASDAQ:META – Get Free Report) CEO Mark Zuckerberg sold 28,009 shares of Meta Platforms stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $318.09, for a total value of $8,909,382.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Mark Zuckerberg also recently made the following trade(s):
On Friday, December 1st, Mark Zuckerberg sold 28,009 shares of Meta Platforms stock. The stock was sold at an average price of $323.47, for a total value of $9,060,071.23. On Monday, November 27th, Mark Zuckerberg sold 28,009 shares of Meta Platforms stock. The stock was sold at an average price of $337.75, for a total value of $9,460,039.75. On Wednesday, November 29th, Mark Zuckerberg sold 28,009 shares of Meta Platforms stock. The stock was sold at an average price of $334.02, for a total value of $9,355,566.18. On Friday, November 24th, Mark Zuckerberg sold 28,009 shares of Meta Platforms stock. The stock was sold at an average price of $338.51, for a total value of $9,481,326.59. On Tuesday, November 21st, Mark Zuckerberg sold 28,009 shares of Meta Platforms stock. The stock was sold at an average price of $338.01, for a total value of $9,467,322.09. On Friday, November 17th, Mark Zuckerberg sold 28,009 shares of Meta Platforms stock. The stock was sold at an average price of $333.67, for a total value of $9,345,763.03. On Wednesday, November 15th, Mark Zuckerberg sold 28,009 shares of Meta Platforms stock. The stock was sold at an average price of $333.84, for a total value of $9,350,524.56. On Monday, November 13th, Mark Zuckerberg sold 28,009 shares of Meta Platforms stock. The stock was sold at an average price of $330.05, for a total value of $9,244,370.45. On Friday, November 10th, Mark Zuckerberg sold 28,009 shares of Meta Platforms stock. The stock was sold at an average price of $325.80, for a total value of $9,125,332.20. On Wednesday, November 8th, Mark Zuckerberg sold 28,009 shares of Meta Platforms stock. The stock was sold at an average price of $318.11, for a total value of $8,909,942.99. Meta Platforms Trading Down 0.3 %
Shares of Meta Platforms stock traded down $0.84 on Wednesday, hitting $317.45. 11,283,831 shares of the company’s stock traded hands, compared to its average volume of 24,728,484. Meta Platforms, Inc. has a one year low of $112.46 and a one year high of $342.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.57 and a quick ratio of 2.57. The company has a fifty day moving average of $319.27 and a two-hundred day moving average of $301.20. The company has a market capitalization of $815.80 billion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 1.07 and a beta of 1.20.
Meta Platforms (NASDAQ:META – Get Free Report) last announced its earnings results on Wednesday, October 25th. The social networking company reported $4.39 EPS for the quarter, beating the consensus estimate of $3.62 by $0.77. Meta Platforms had a return on equity of 26.40% and a net margin of 23.42%. The company had revenue of $34.15 billion for the quarter, compared to analyst estimates of $33.58 billion. During the same quarter in the prior year, the company earned $1.64 EPS. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. As a group, sell-side analysts expect that Meta Platforms, Inc. will post 14.26 earnings per share for the current year.
Analyst Upgrades and Downgrades
META has been the subject of several recent research reports. Stifel Nicolaus restated a “buy” rating and issued a $405.00 price target on shares of Meta Platforms in a research note on Tuesday, November 14th. Tigress Financial boosted their price target on Meta Platforms from $380.00 to $435.00 and gave the company a “strong-buy” rating in a research note on Wednesday, November 22nd. Morgan Stanley restated an “overweight” rating and issued a $375.00 price target on shares of Meta Platforms in a research note on Thursday, September 28th. Rosenblatt Securities boosted their price target on Meta Platforms from $372.00 to $411.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Wedbush restated an “outperform” rating and issued a $350.00 price target on shares of Meta Platforms in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and an average target price of $349.53.
View Our Latest Report on META
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. boosted its holdings in Meta Platforms by 1.1% in the 3rd quarter. SRS Capital Advisors Inc. now owns 3,013 shares of the social networking company’s stock worth $905,000 after buying an additional 32 shares during the period. Farmers & Merchants Investments Inc. boosted its holdings in Meta Platforms by 1.6% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 2,060 shares of the social networking company’s stock worth $591,000 after buying an additional 33 shares during the period. First Affirmative Financial Network boosted its holdings in Meta Platforms by 1.4% in the 3rd quarter. First Affirmative Financial Network now owns 2,443 shares of the social networking company’s stock worth $733,000 after buying an additional 33 shares during the period. Little House Capital LLC boosted its holdings in Meta Platforms by 0.5% in the 2nd quarter. Little House Capital LLC now owns 6,443 shares of the social networking company’s stock worth $1,849,000 after buying an additional 34 shares during the period. Finally, McLean Asset Management Corp boosted its holdings in Meta Platforms by 3.2% in the 2nd quarter. McLean Asset Management Corp now owns 1,127 shares of the social networking company’s stock worth $323,000 after buying an additional 35 shares during the period. Institutional investors own 62.87% of the company’s stock.
Meta Platforms Company Profile (Get Free Report)
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.
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Original: MarketBeat News Feed: Meta Platforms, Inc. (NASDAQ:META) CEO Sells $8,909,382.81 in Stock