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Mark Zuckerberg, CEO of Meta Platforms, Inc. (NASDAQ:META), executed significant stock transactions on December 26, 2024. According to the latest SEC filing, Zuckerberg sold shares totaling approximately $21.8 million. These sales were carried out through CZI Holdings, LLC and the Chan Zuckerberg Initiative Foundation. The transactions come as Meta maintains its position as a $1.5 trillion market cap company, with the stock delivering an impressive 70% return over the past year.
The transactions included sales of Class A Common Stock with prices ranging from $600.593 to $605.4105 per share, generating around $13.8 million through CZI Holdings. Additionally, the Chan Zuckerberg Initiative Foundation sold shares at prices between $600.9543 and $606.1735 per share, amounting to roughly $7.8 million. According to InvestingPro analysis, Meta currently appears fairly valued, with a "GREAT" financial health score and industry-leading gross profit margins of 81.5%. InvestingPro subscribers have access to 12 additional key insights about Meta's valuation and growth prospects.
These transactions were part of a pre-established Rule 10b5-1 trading plan, which provides a systematic approach to buying or selling securities. Despite these sales, Zuckerberg continues to hold a substantial number of shares in Meta Platforms, reflecting his ongoing commitment to the company.
In other recent news, Meta Platforms Inc (NASDAQ:META). has experienced a series of significant developments. RBC Capital maintained its Outperform rating on the tech giant and increased its price target to $700, reflecting a potential for 15-20%+ earnings growth as Meta intensifies its investment in artificial intelligence. Meanwhile, Canaccord Genuity also held a positive stance on Meta, raising the company's price target from $700 to $730, recognizing the company's growth prospects, especially in ad creative generation and business messaging.
These recent developments also include a $264 million fine imposed on Meta's Irish subsidiary by the Irish data protection commission due to a data breach affecting 29 million users worldwide. Despite this, analysts from Truist Securities expressed a positive outlook on Meta's prospects for 2025, anticipating larger companies like Meta to outperform smaller firms.
In addition, Emarketer's estimates predict that Instagram, a Meta property, will constitute half of Meta's advertising revenue in the U.S. by 2025, emphasizing Instagram's importance as a central revenue generator. These are recent developments, providing insight into the dynamic environment in which Meta operates.
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