Mark Zuckerberg, Chairman and CEO of Meta Platforms Inc. (NASDAQ:META), which has seen its stock surge nearly 80% year-to-date and currently trades near its 52-week high of $638.40, recently sold a substantial number of shares in the company, according to a recent SEC filing. According to InvestingPro data, Meta maintains a "GREAT" financial health score, reflecting its strong market position with a $1.6 trillion market capitalization. The transactions, executed on December 11, 2024, involved the sale of shares held by CZI Holdings, LLC, a company Zuckerberg is associated with.
The sales amounted to a total value of approximately $14.5 million, with the shares sold at prices ranging from $623.37 to $638.05 per share. These transactions were conducted under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell stocks at a later date, often to avoid accusations of insider trading.
Additionally, the Chan Zuckerberg Initiative Foundation also sold shares, totaling around $8.2 million, at prices between $622.00 and $638.37 per share. These sales were similarly executed under a Rule 10b5-1 trading plan.
The transactions reflect Zuckerberg's continued involvement in managing his extensive holdings in Meta Platforms, while also adhering to regulatory guidelines for share sales by company insiders.
In other recent news, Meta Platforms Inc. has been making notable strides in the digital advertising industry. According to a recent survey by Piper Sandler, Meta demonstrated an impressive revenue growth of 23% over the past year, supported by a robust gross profit margin of 81.5%. The survey also revealed that Meta's financial health score remains strong, with healthy cash flows and a market capitalization of $1.55 trillion.
Meanwhile, Meta has faced scrutiny from European regulators over a discontinued advertising collaboration with Instagram targeting teenagers. Despite the termination of the project, the European Commission continues to investigate the details of the partnership.
Piper Sandler has adjusted the target for Meta shares, acknowledging the company's impressive earnings results for 2024 and advancements in artificial intelligence. However, the firm also noted a challenging year-over-year comparison for Meta in the first half of 2025.
On the other hand, Truist Securities maintains a Buy rating on Amazon (NASDAQ:AMZN) shares, forecasting record highs in U.S. e-commerce and digital advertising spending. Amazon is expected to capture approximately 49% of U.S. e-commerce market share, with its U.S. Revenue tracking at or slightly above the current consensus estimate of $114.5 billion for the fourth quarter of 2024.
Lastly, Meta Platforms announced a $0.50 quarterly dividend, continuing its practice of returning value to shareholders, and plans to construct a fiber-optic subsea cable encircling the globe, marking a significant move to take control of its internet infrastructure.
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