Meta Platforms, Inc. (NASDAQ:META – Get Free Report) CEO Mark Zuckerberg sold 28,009 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $316.16, for a total transaction of $8,855,325.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Mark Zuckerberg also recently made the following trade(s):
- On Thursday, November 2nd, Mark Zuckerberg sold 28,009 shares of Meta Platforms stock. The stock was sold at an average price of $310.60, for a total transaction of $8,699,595.40.
Meta Platforms Stock Performance
Shares of META stock opened at $319.78 on Thursday. The firm’s 50 day moving average price is $306.91 and its 200-day moving average price is $287.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.57 and a current ratio of 2.57. Meta Platforms, Inc. has a one year low of $100.74 and a one year high of $330.54. The firm has a market cap of $821.79 billion, a P/E ratio of 28.22, a P/E/G ratio of 1.05 and a beta of 1.21.
Institutional Investors Weigh In On Meta Platforms
Hedge funds have recently added to or reduced their stakes in the business. Houlihan Financial Resource Group Ltd. acquired a new stake in Meta Platforms during the 2nd quarter worth approximately $474,000. Atomi Financial Group Inc. raised its holdings in shares of Meta Platforms by 63.8% in the 2nd quarter. Atomi Financial Group Inc. now owns 8,345 shares of the social networking company’s stock valued at $2,395,000 after purchasing an additional 3,251 shares in the last quarter. Stratos Wealth Advisors LLC raised its holdings in shares of Meta Platforms by 7.7% in the 2nd quarter. Stratos Wealth Advisors LLC now owns 31,498 shares of the social networking company’s stock valued at $9,039,000 after purchasing an additional 2,251 shares in the last quarter. Solstein Capital LLC acquired a new stake in shares of Meta Platforms in the 2nd quarter valued at $100,000. Finally, Ballentine Partners LLC raised its holdings in shares of Meta Platforms by 2.6% in the 2nd quarter. Ballentine Partners LLC now owns 55,149 shares of the social networking company’s stock valued at $15,827,000 after purchasing an additional 1,394 shares in the last quarter. 62.87% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $380.00 price objective on shares of Meta Platforms in a report on Thursday, September 28th. Loop Capital lifted their price objective on shares of Meta Platforms from $365.00 to $375.00 and gave the company a “buy” rating in a report on Friday, August 18th. Truist Financial lifted their price objective on shares of Meta Platforms from $390.00 to $405.00 and gave the company a “buy” rating in a report on Thursday, October 26th. JPMorgan Chase & Co. cut their price objective on shares of Meta Platforms from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, October 4th. Finally, New Street Research raised shares of Meta Platforms from a “neutral” rating to a “buy” rating and set a $350.00 price objective for the company in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Meta Platforms has a consensus rating of “Moderate Buy” and an average target price of $346.65.
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.
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