Meta social media platforms experienced technical difficulties Tuesday, leading users to search questions on Google about the company's co-founder.
Mark Zuckerberg launched Facebook in 2004 and took the company public in 2012. In November 2021, Facebook changed its name to Meta Platforms, Inc. The company owns Instagram, its flagship Facebook brand, Threads, WhatsApp and Oculus.
Technical difficulties led users to look into Zuckerberg's recent Meta stock sales. Here's what we know.
Did Zuckerberg sell Facebook stock?
Zuckerberg sold nearly $428 million worth of Meta Platforms, Inc. shares at the end of 2023, according to Market Watch, which referenced a regulatory filing with the U.S. Securities and Exchange Commission.
Did Zuckerberg sell Facebook stock? Zuckerberg sold nearly $428 million worth of Meta Platforms, Inc. shares at the end of 2023, according to Market Watch, which referenced a regulatory filing with the U.S. Securities and Exchange Commission.
The stock is getting hit by a double-whammy of higher spending on AI and slightly disappointing growth expectations for the June quarter. Meta shares have soared since late 2022, powered by the company's “Year of Efficiency” cost-cutting measures and its emergence as a major player in AI.
CZI holds 958,000 Class A Meta shares and 344.5 million Class B shares, according to an SEC filing dated April 1, 2024, giving Zuckerberg majority control over Meta with 61% of the shareholding voting power.
For the full year, analysts project that Meta's revenue will rise 17.8% to $158.9 billion in 2024, after climbing 15.7% last year, according to FactSet. Revenue slipped 1.1% in 2022. Meta's earnings are expected to grow this year but at a slower rate compared to Meta's 2023 recovery year.
What percentage of Meta Platforms (META) stock is held by retail investors? According to the latest TipRanks data, approximately 24.45% of Meta Platforms (META) stock is held by retail investors. Vanguard owns the most shares of Meta Platforms (META).
Buffett doesn't own any shares of two FAANG stocks -- Meta Platforms (formerly known as Facebook) and Netflix. Berkshire does have a stake in Markel, which holds positions in Meta and Netflix.
We expect solid growth in ad revenue during 2024 (17%), followed by 14% growth in 2025, which assumes continuing economic expansion and further increases in Reels monetization.
Meta Platforms has a consensus rating of Strong Buy which is based on 37 buy ratings, 3 hold ratings and 2 sell ratings. The average price target for Meta Platforms is $522.95. This is based on 42 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
As of 2024-05-23, the Fair Value of Meta Platforms Inc (META) is 374.51 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 467.78 USD, the upside of Meta Platforms Inc is -19.94%.
Key Takeaways. Institutional investors are the majority owners of Microsoft, accounting for almost 70% of outstanding shares. Former CEO Steve Ballmer owns a 4% stake in Microsoft, more than its founder Bill Gates, who holds a 1.3% stake. Vanguard and Blackrock are the two largest Microsoft's institutional investors.
In 2010, he said that he was going to give most of his money to charity. In 2010, he was also named Time's Person of the Year. He was raised Jewish, was an atheist, but thinks different about religion nowadays. In a public Facebook post, Zuckerberg launched the Internet.org project in late August 2013.
Reality check: Meta is one of the few social media firms that's been able to recover all of its losses from the pandemic-driven ad slowdown in 2022. Shares in the company skyrocketed during its last earnings report in February, after the firm declared its first-ever quarterly dividend of $0.50 per share.
Meta's stock price almost tripled last year and, as of Wednesday's close, was up 40% in 2024. It reached a record $527.34 in early April. After a brutal 2022, during which the company lost about two-thirds of its value, Zuckerberg appears to have regained the confidence of Wall Street.
Looking further ahead, analysts expect Meta's revenue and earnings to grow 12% and 15%, respectively, in 2026. If Meta remains on track to hit those targets and still trades at 23 times forward earnings, its stock could reach $610 by the end of 2025.
In total, Zuckerberg sold 1.28 million shares for about $428 million. It's the first time since November 2021 that the world's seventh-richest person has trimmed his position in the social-media giant.
Buybacks are popular among investors because they lower the number of shares outstanding, boosting a company's per-share earnings. Meta stock surged 23%, its best day in nearly a decade, after it unveiled a $50 billion buyback plan in February. Share repurchases are a relatively flexible use of cash.
Zuckerberg sold nearly $428 million worth of Meta Platforms, Inc. shares at the end of 2023, according to Market Watch, which referenced a regulatory filing with the U.S. Securities and Exchange Commission. Bloomberg also noted the Meta co-founder and CEO had not sold any Meta stock since November 2021.
There's no denying that Meta's core investment case remains appealing. Structural growth in mobile advertising continues, where it makes most of its sales, and strong engagement on its Instagram and WhatsApp platforms puts it in good stead.
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