On January 15, 2025, Mark Zuckerberg, CEO of Meta Platforms, Inc. (NASDAQ:META), sold 35,921 shares of the company's stock at an average price of $616.16, totaling approximately $22.13 million. This transaction was disclosed in a filing with the SEC.
Following the sale, Meta's stock increased by $22.87, reaching $617.12, with a trading volume of 15,436,304 shares. The company has a market capitalization of $1.56 trillion and a P/E ratio of 29.07.
In its latest earnings report, released on October 30, 2024, Meta reported an EPS of $6.03 for the quarter, surpassing analysts' expectations of $5.19. The company generated revenue of $40.59 billion, exceeding forecasts of $40.21 billion.
Meta recently announced a quarterly dividend of $0.50, amounting to an annualized dividend of $2.00, with a yield of 0.32%. The dividend payout ratio stands at 9.42%.
Analysts have varied opinions on META shares, with price targets ranging from $525.00 to $675.00, and a consensus average target price of $650.05.
Institutional investors have shown significant activity, with International Assets Investment Management LLC increasing its stake by 57,001.5% during the third quarter, now holding 9,517,111 shares valued at over $5.44 billion.