Meta Platforms, Inc. (NASDAQ:META – Get Free Report) CEO Mark Zuckerberg sold 31,493 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $511.13, for a total value of $16,097,017.09. The transaction was disclosed in his SEC filing, which is available at this hyperlink.
Mark Zuckerberg also recently made the following deals:
- Mark Zuckerberg sold 77,412 shares of Meta Platform stock on Monday, March 4th. The shares were sold at an average price of $500.60, for a total value of $38,752,447.20.
- Mark Zuckerberg sold 77,412 shares of Meta Platforms stock on Wednesday, March 6th. The shares were sold at an average price of $497.61, for a total value of $38,520,985.32.
- Mark Zuckerberg sold 45,919 shares of Meta Platform stock on Friday, March 1st. The shares were sold at an average price of $500.30, for a total value of $22,973,275.70.
- Mark Zuckerberg sold 77,412 shares of Meta Platforms stock on Monday, February 26th. The shares were sold at an average price of $483.34, for a total value of $37,416,316.08.
- Mark Zuckerberg sold 77,412 shares of Meta Platform stock on Wednesday, February 28th. The shares were sold at an average price of $486.18, for a total value of $37,636,166.16.
- Mark Zuckerberg sold 31,493 shares of Meta Platform stock on Friday, February 23rd. The stock was sold at an average price of $487.52, for a total value of $15,353,467.36.
- Mark Zuckerberg sold 97,093 shares of Meta Platform stock on Wednesday, February 21st. The stock was sold at an average price of $466.08, for a total value of $45,253,105.44.
- Mark Zuckerberg sold 34,398 shares of Meta Platform stock on Friday, February 16th. The stock was sold at an average price of $473.83, for a total value of $16,298,804.34.
- Mark Zuckerberg sold 34,398 shares of Meta Platform stock on Monday, February 12th. The stock was sold at an average price of $473.32, for a total value of $16,281,261.36.
- Mark Zuckerberg sold 34,398 shares of Meta Platform stock on Wednesday, February 14th. The stock was sold at an average price of $469.69, for a total value of $16,156,396.62.
Metaplatform price performance
Nasdaq Meta stock opened Tuesday at $483.59. The stock has a market capitalization of $1.23 trillion, a price-to-earnings ratio of 32.46x, a PEG ratio of 1.30x, and a beta of 1.21x. His 50 day moving average for this company is $431.85 and his 200 day moving average is $358.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.67, and a quick ratio of 2.67. Meta Platforms, Inc. has a 52-week low of $174.82 and a 52-week high of $523.57.
Meta Platforms (NASDAQ:META – Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, beating the consensus estimate of $4.82 by $0.51. The company had revenue of $40.11 billion for the quarter, compared to analyst estimates of $39.12 billion. Meta Platforms had a return on equity of 29.48% and a net profit margin of 28.98%. Meta Platforms’ revenue for the quarter increased 24.7% compared to the prior-year period. The company’s EPS for the same period last year was $3.00. As a group, sell-side analysts predict that Meta Platforms, Inc. will post 19.94 earnings per share for the current fiscal year.
Metaplatform announces dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd will be issued with his $0.50 dividend. This equates to an annual dividend of $2.00 and a dividend yield of 0.41%. The ex-dividend date for this dividend is Wednesday, February 21st. Meta Platforms’ dividend payout ratio is 13.42%.
Hedge funds get involved in Metaplatform
Several hedge funds have recently made changes to their holdings in the stock. Norges Bank purchased a new position in Meta Platforms during the 4th quarter valued at approximately $4,223,148,000. Morgan Stanley purchased a new position in Meta Platforms during the 4th quarter valued at approximately $4,072,543,000. Moneta Group Investment Advisors LLC purchased a new position in Meta Platforms during the 4th quarter valued at approximately $1,796,633,000. Legal & General Group Plc purchased a new position in Meta Platforms during the fourth quarter valued at approximately $1,731,491,000. Finally, FMR LLC increased its holdings in shares of MetaPlatform by 4.0% in the 3rd quarter. FMR LLC now owns 130,809,908 shares of the social networking company’s stock worth $39,270,443,000 after purchasing an additional 5,001,647 shares during the period. Institutional investors own 62.87% of the company’s stock.
Wall Street Analysts Share Their Opinions
A number of equity research analysts have commented on the company recently. JMP Securities increased their target price on Metaplatform from $410.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Mizuho increased their target price on Metaplatform from $470.00 to $575.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Canaccord Genuity Group increased their target price on MetaPlatform from he $450.00 to he $540.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Barclays increased their target price on MetaPlatform from $400.00 to $550.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Citigroup increased their target price on Metaplatform from $440.00 to $525.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. 1 equity research analyst has rated the stock with a sell rating, 2 have rated it a hold, 40 have rated it a buy and 2 have rated the stock with a strong buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $494.53.
Check out the latest stock analysis for META.
About Metaplatform
(Get Free Report)
Meta Platforms, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables around the world. The company operates in two segments: Family of Apps and Reality Labs. The Family of Apps segment powers Facebook, where people can share, discuss, discover, and connect about what interests them. Community for sharing Instagram, photos, videos, private messages, feeds, stories, reels, videos, live, shop. Messenger is a messaging application that lets people connect with friends, family, communities, and businesses across platforms and devices through text, voice, and video calls. WhatsApp is a messaging application used by people and businesses to conduct private communications and transactions.
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