Insider Selling: Meta Platforms, Inc. (NASDAQ:META) CEO Sells 420 Shares of Stock

Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg sold 420 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $600.17, for a total transaction of $252,071.40. Following the completion of the transaction, the chief executive officer now owns 518,004 shares of the company’s stock, valued at $310,890,460.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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.
• On Friday, August 30th, Mark Zuckerberg sold 4,909 shares of Meta Platforms stock. The shares were sold at an average price of $519.17, for a total transaction of $2,548,605.53.
• On Monday, August 26th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The shares were sold at an average price of $520.48, for a total transaction of $8,693,056.96.
• On Wednesday, August 28th, Mark Zuckerberg sold 7,975 shares of Meta Platforms stock. The shares were sold at an average price of $516.36, for a total transaction of $4,117,971.00.
• On Friday, August 23rd, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The shares were sold at an average price of $531.46, for a total transaction of $8,876,444.92.
• On Monday, August 19th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The shares were sold at an average price of $526.94, for a total transaction of $8,800,951.88.
• On Wednesday, August 21st, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The shares were sold at an average price of $533.24, for a total transaction of $8,906,174.48.
• On Friday, August 16th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The shares were sold at an average price of $529.09, for a total transaction of $8,836,861.18.
• On Monday, August 12th, Mark Zuckerberg sold 16,702 shares of Meta Platforms stock. The shares were sold at an average price of $514.89, for a total transaction of $8,599,692.78.

Meta Platforms Stock Performance

Meta Platforms stock opened at $567.16 on Friday. The company has a market cap of $1.43 trillion, a PE ratio of 26.72, a P/E/G ratio of 1.44 and a beta of 1.22. The company has a fifty day moving average price of $555.99 and a two-hundred day moving average price of $513.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.83 and a quick ratio of 2.83. Meta Platforms, Inc. has a 12 month low of $308.33 and a 12 month high of $602.95.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, topping analysts’ consensus estimates of $5.19 by $0.84. The firm had revenue of $40.59 billion during the quarter, compared to the consensus estimate of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 36.26%. Research analysts expect that Meta Platforms, Inc. will post 21.47 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Monday, September 16th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend was Monday, September 16th. Meta Platforms’s dividend payout ratio is presently 9.42%.

Hedge Funds Weigh In On Meta Platforms

Hedge funds have recently added to or reduced their stakes in the business. Troy Asset Management Ltd boosted its holdings in shares of Meta Platforms by 5.5% during the third quarter. Troy Asset Management Ltd now owns 101,634 shares of the social networking company’s stock valued at $58,179,000 after acquiring an additional 5,266 shares during the period. Mach 1 Financial Group LLC boosted its holdings in shares of Meta Platforms by 7.0% during the third quarter. Mach 1 Financial Group LLC now owns 2,016 shares of the social networking company’s stock valued at $1,154,000 after acquiring an additional 132 shares during the period. Mesirow Financial Investment Management Inc. boosted its holdings in shares of Meta Platforms by 1.1% during the third quarter. Mesirow Financial Investment Management Inc. now owns 39,414 shares of the social networking company’s stock valued at $22,569,000 after acquiring an additional 428 shares during the period. XML Financial LLC boosted its holdings in shares of Meta Platforms by 7.7% during the third quarter. XML Financial LLC now owns 1,685 shares of the social networking company’s stock valued at $965,000 after acquiring an additional 120 shares during the period. Finally, Austin Asset Management Co Inc boosted its holdings in shares of Meta Platforms by 2.9% during the third quarter. Austin Asset Management Co Inc now owns 1,617 shares of the social networking company’s stock valued at $926,000 after acquiring an additional 46 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on META shares. Truist Financial raised their price target on shares of Meta Platforms from $570.00 to $650.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. DA Davidson started coverage on shares of Meta Platforms in a research note on Tuesday, September 10th. They set a “buy” rating and a $600.00 price target on the stock. Evercore ISI raised their price target on shares of Meta Platforms from $550.00 to $600.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Tigress Financial raised their price target on shares of Meta Platforms from $575.00 to $645.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 16th. Finally, Monness Crespi & Hardt raised their price target on shares of Meta Platforms from $620.00 to $660.00 and gave the stock a “buy” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $634.10.

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.