Mark Zuckerberg, the Chairman and CEO of Meta Platforms, Inc. (NASDAQ:META), has recently sold shares worth approximately $19 million. The transactions, executed on December 19, 2024, involved the sale of Meta’s Class A Common Stock through the Chan Zuckerberg Initiative Foundation and CZI Holdings, LLC. The sale comes as Meta, now valued at $1.51 trillion, trades near its 52-week high of $638.40, having delivered an impressive 70% return year-to-date.
The sales conducted by CZI Holdings, LLC, amounted to approximately $12.65 million, with share prices ranging from $600.68 to $610.35. Additionally, the Chan Zuckerberg Initiative Foundation sold shares totaling around $7.15 million, with prices ranging from $600.80 to $610.36. According to InvestingPro, Meta maintains excellent financial health with strong profitability metrics and cash flow generation.
These transactions were carried out under pre-established Rule 10b5-1 trading plans, which allow insiders to set up a predetermined schedule for selling stocks, adding a layer of transparency to their trading activities. Following these sales, Zuckerberg continues to hold a substantial number of shares in Meta Platforms through various trusts and holding companies. For deeper insights into Meta’s valuation and 13 additional ProTips, explore the comprehensive research available on InvestingPro.
In other recent news, Meta Platforms Inc (NASDAQ:). has seen positive adjustments to its stock target by RBC Capital and Canaccord Genuity, reflecting confidence in the company’s growth potential. RBC Capital maintained its Outperform rating and raised its price target to $700 from $630, citing Meta’s potential for 15-20%+ earnings growth due to investments in artificial intelligence (AI). Similarly, Canaccord Genuity raised the company’s price target from $700 to $730, recognizing Meta’s growth prospects, particularly in ad creative generation and business messaging.
The Irish data protection commission recently imposed a $264 million fine on Meta’s Irish subsidiary following a data breach affecting 29 million users worldwide. Despite this, analysts from Truist Securities expressed a positive outlook on Meta’s prospects for 2025.
Meta’s Instagram platform is projected to constitute half of the company’s advertising revenue in the U.S. by 2025, according to Emarketer’s estimates. This prediction underscores the growing importance of Instagram as a central revenue generator for Meta. These are recent developments, providing insight into the dynamic environment in which Meta operates.
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