Mark Zuckerberg, CEO of Meta Platforms, Inc. (NASDAQ:META), sold 35,921 shares of the company's stock on January 8th at an average price of $611.10, totaling approximately $21.95 million. This transaction was reported in a filing with the SEC.
On the same day, Meta stock traded down $7.17, reaching $610.72 with a volume of 10,067,187 shares exchanged. The company has a market capitalization of $1.54 trillion and a P/E ratio of 28.77. The stock's 52-week range is between $355.36 and $638.40.
Meta's latest quarterly earnings report, released on October 30th, showed earnings per share (EPS) of $6.03, exceeding the consensus estimate of $5.19. The company reported revenues of $40.59 billion for the quarter.
Additionally, Meta has declared a quarterly dividend of $0.50 per share, with a yield of 0.33%. The payout ratio stands at 9.42%.
Institutional investors own 79.91% of Meta's stock, with recent activity including new stakes from several hedge funds.