Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg Sells 10,100 Shares

December 24, 2024

Meta Platforms, Inc. (NASDAQ:META – Get Free Report) CEO Mark Zuckerberg sold 10,100 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $601.54, for a total transaction of $6,075,554.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

On Monday, December 16th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The shares were sold at an average price of $624.85, for a total value of $22,445,236.85.
On Wednesday, December 18th, Mark Zuckerberg sold 22,035 shares of Meta Platforms stock. The stock was sold at an average price of $618.63, for a total transaction of $13,631,512.05.
On Friday, December 13th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The stock was sold at an average price of $622.24, for a total transaction of $22,351,483.04.
On Monday, December 9th, Mark Zuckerberg sold 12,975 shares of Meta Platforms stock. The shares were sold at an average price of $614.36, for a total transaction of $7,971,321.00.
On Wednesday, December 11th, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The stock was sold at an average price of $633.25, for a total transaction of $22,746,973.25.
On Friday, December 6th, Mark Zuckerberg sold 22,946 shares of Meta Platforms stock. The stock was sold at an average price of $621.84, for a total value of $14,268,740.64.
On Tuesday, December 3rd, Mark Zuckerberg sold 35,921 shares of Meta Platforms stock. The shares were sold at an average price of $607.97, for a total value of $21,838,890.37.
On Wednesday, October 30th, Mark Zuckerberg sold 420 shares of Meta Platforms stock. The stock was sold at an average price of $600.17, for a total value of $252,071.40.
On Monday, October 14th, Mark Zuckerberg sold 84 shares of Meta Platforms stock. The shares were sold at an average price of $600.00, for a total transaction of $50,400.00.
On Monday, October 7th, Mark Zuckerberg sold 492 shares of Meta Platforms stock. The shares were sold at an average price of $600.75, for a total transaction of $295,569.00.

Meta Platforms Stock Performance

NASDAQ META traded up $14.60 during trading hours on Monday, hitting $599.85. 10,188,837 shares of the company’s stock traded hands, compared to its average volume of 14,850,178. Meta Platforms, Inc. has a 52 week low of $340.01 and a 52 week high of $638.40. The firm has a market capitalization of $1.51 trillion, a P/E ratio of 28.25, a P/E/G ratio of 1.39 and a beta of 1.20. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18. The business’s fifty day moving average price is $585.56 and its two-hundred day moving average price is $542.77.

Meta Platforms (NASDAQ:META – Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, topping the consensus estimate of $5.19 by $0.84. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. The firm had revenue of $40.59 billion during the quarter, compared to analyst estimates of $40.21 billion. Equities research analysts predict that Meta Platforms, Inc. will post 22.68 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 16th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.33%. Meta Platforms’s payout ratio is currently 9.42%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on META. JPMorgan Chase & Co. upped their target price on shares of Meta Platforms from $660.00 to $725.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. UBS Group raised their target price on Meta Platforms from $690.00 to $719.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Truist Financial lifted their target price on Meta Platforms from $650.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Pivotal Research raised their price objective on Meta Platforms from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, JMP Securities lifted their price objective on shares of Meta Platforms from $635.00 to $660.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus target price of $638.00.

Read Our Latest Analysis on Meta Platforms

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in META. Independent Solutions Wealth Management LLC boosted its position in shares of Meta Platforms by 11.6% in the third quarter. Independent Solutions Wealth Management LLC now owns 8,908 shares of the social networking company’s stock worth $5,099,000 after purchasing an additional 928 shares during the period. SMART Wealth LLC lifted its stake in shares of Meta Platforms by 53.7% during the 3rd quarter. SMART Wealth LLC now owns 1,374 shares of the social networking company’s stock valued at $787,000 after buying an additional 480 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in Meta Platforms by 1.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 613,015 shares of the social networking company’s stock worth $350,914,000 after buying an additional 6,249 shares during the period. Legacy Wealth Management LLC MS purchased a new stake in Meta Platforms in the 3rd quarter worth $433,000. Finally, SPX Gestao de Recursos Ltda raised its holdings in Meta Platforms by 33.9% during the third quarter. SPX Gestao de Recursos Ltda now owns 13,500 shares of the social networking company’s stock valued at $7,728,000 after acquiring an additional 3,420 shares during the period. 79.91% of the stock is currently owned by institutional investors.

About Meta Platforms

(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.