Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg sold 22,035 shares of the company on December 18, 2024, at an average price of $618.63, totaling approximately $13.63 million. The transaction was disclosed in a filing with the Securities & Exchange Commission.
On the same day, META stock traded down by $22.25, closing at $597.19 with a trading volume of 16,638,428 shares. The company currently has a market capitalization of $1.51 trillion and a price-to-earnings ratio of 28.13.
In its latest quarterly earnings report on October 30, 2024, Meta Platforms reported earnings per share of $6.03, exceeding analysts' expectations of $5.19. The company generated $40.59 billion in revenue for the quarter.
Meta Platforms also declared a quarterly dividend of $0.50 per share, payable on December 27, 2024, with a yield of 0.33%. The ex-dividend date was December 16, 2024.
Recent analyst reports have been positive, with several firms raising their price targets for META shares. Susquehanna increased its target from $600 to $675, while Roth MKM raised its target from $620 to $635.