Meta Platforms CEO Sells Over $15 Million in Company Stock

Mark Zuckerberg, the CEO of tech giant Meta Platforms, Inc. (NASDAQ:META), has reportedly sold a significant number of shares in the company. On March 20th, Zuckerberg completed a sale of 31,493 Meta Platforms shares, priced on average at $500.32 per share, culminating in a total transaction value of $15,756,577.76. This latest transaction was made public through a filing with the Securities & Exchange Commission, which can be viewed on their official website.

Previous Stock Sales by Mark Zuckerberg

Before this sale, Zuckerberg had engaged in several other stock transactions. Notably, he sold the same number of shares, 31,493, on multiple occasions throughout March at varying prices, including transactions worth over $15 million each. In addition, he sold 77,412 shares several times, with each sale fetching a total price ranging from above $37 million to over $38 million.

Performance and Dividend of Meta Platforms Stock

As for the performance of Meta Platforms' stock, it opened at $509.58 on the last trading session, with the company sporting a market capitalization of approximately $1.30 trillion. The firm's financial health appears robust, with a low debt-to-equity ratio and healthy liquidity ratios. Furthermore, Meta Platforms announced a quarterly dividend of $0.50 per share, which is scheduled to be paid out to eligible investors on March 26th.

Investors’ Activity on Meta Platforms

Several institutional investors and hedge funds have either entered into or adjusted their holdings in META. Investments in the company range from billions of dollars by Norges Bank and Morgan Stanley, to significant increases in stake by firms like FMR LLC.

Analysts’ Optimism About Meta Platforms

Research analysts from leading financial institutions have expressed optimism regarding Meta Platforms, with many upgrading their price objectives and issuing strong buy ratings. JPMorgan Chase & Co., Susquehanna, Evercore ISI, Barclays, and Guggenheim are among the firms that have recently raised their price targets on the company's stock, further indicating a positive outlook on its future performance.

About Meta Platforms, Inc.

Meta Platforms operates globally, providing platforms and technologies that enable users to connect and communicate via mobile devices, computers, and innovative hardware like virtual reality headsets. The company is known for its suite of applications including Facebook, Instagram, Messenger, and WhatsApp, which have become integral parts of modern digital communication and social interaction.

Meta, Stock, CEO, Sale