Meta Platforms, Inc. (NASDAQ:META – Get Free Report) CEO Mark Zuckerberg sold 77,412 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $486.18, for a total value of $37,636,166.16. The transaction was disclosed in a document filed with the SEC, which can be accessed on the SEC’s website.
Mark Zuckerberg also recently made the following deals:
- 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 31,493 shares of Meta Platform stock on Friday, February 23rd. The shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $469.69, for a total value of $16,156,396.62.
- Mark Zuckerberg sold 97,093 shares of Meta Platform stock on Friday, February 9th. The shares were sold at an average price of $469.67, for a total value of $45,601,669.31.
- Mark Zuckerberg sold 34,398 shares of Meta Platforms stock on Tuesday, February 6th. The shares were sold at an average price of $457.52, for a total value of $15,737,772.96.
- Mark Zuckerberg sold 65,600 shares of Meta Platform stock on Monday, January 29th. The shares were sold at an average price of $400.50, for a total value of $26,272,800.00.
- Mark Zuckerberg sold 19,681 shares of Meta Platform stock on Wednesday, January 31st. The shares were sold at an average price of $393.85, for a total value of $7,751,361.85.
Metaplatform price performance
NASDAQ:Meta opened Friday at $490.13. The company has a quick ratio of 2.67, a current ratio of 2.67, and a debt-to-equity ratio of 0.12. The stock’s 50-day moving average price is $411.80 and its 200-day moving average price is $347.79. The company has a market capitalization of $1.25 trillion, a price-to-earnings ratio of 32.89x, a P/E ratio of 1.25x, and a beta of 1.15x. Meta Platforms, Inc. has a low of $171.43 and a 12 month high of $494.36.
Meta Platforms (NASDAQ:META – Get Free Report) last posted its earnings results on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, beating the consensus estimate of $4.82 by $0.51. Meta Platforms had a return on equity of 29.48% and a net profit margin of 28.98%. The company had revenue of $40.11 billion for the quarter, compared to the consensus estimate of $39.12 billion. In the same period last year, the business earned $3.00 per share. The company’s revenue for the quarter increased 24.7% year over year. Analysts on average expect that Meta Platforms, Inc. will post 19.94 earnings per share for the current year.
Metaplatforms 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 receive 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%.
Analyst rating changes
A number of equity research analysts have commented on META stock recently. Piper Sandler increased their target price on MetaPlatform from $415.00 to $525.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Roth Mkm increased their target price on MetaPlatform from $365.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Tigress Financial increased their target price on Metaplatform from $435.00 to $575.00 and gave the stock a “strong buy” rating in a research note on Friday, February 9th. Barclays increased their target price on MetaPlatform from $400.00 to $550.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Mizuho increased their target price on Metaplatform from $470.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. 2 investment analysts have rated the stock with a sell rating, 2 have rated it with a hold rating, 40 have rated it with a buy rating and 2 have rated the stock with a strong buy rating. Based on data from MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus target price of $494.53.
Read the latest report on Metaplatform
Hedge funds get involved in Metaplatform
Institutional investors and hedge funds have recently made changes to their positions within the company. Stone House Investment Management LLC grew its position in shares of Meta Platforms by 625.0% in the 3rd quarter. Stone House Investment Management LLC bought an additional 75 shares of his stock in the last quarter and he now owns 87 shares of the social networking company’s stock valued at $26,000. Quest Partners LLC acquired new shares in Meta Platforms during the 4th quarter valued at approximately $32,000. Clear Investment Research LLC grew its position in Meta Platforms by 411.1% in the 4th quarter. Clear Investment Research LLC now owns 92 shares of the social networking company’s stock valued at $33,000 after purchasing an additional 74 shares in the last quarter. Gilfoyle & Co LLC acquired new shares in Meta Platforms during the 4th quarter valued at approximately $39,000. Finally, Cranbrook Wealth Management LLC grew its position in Meta Platforms by 80.4% during the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock valued at $36,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 62.87% of the company’s stock.
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 the things they care about. 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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