Mark Zuckerberg, the co-founder and CEO of Meta Platforms (NASDAQ: META), recently executed significant stock sales, as disclosed in a Form 4 filing with the Securities and Exchange Commission (SEC).
The transactions, conducted on January 16, amounted to a total of approximately $22.7 million in Class A common stock sales. The sales were carried out by CZI Holdings, LLC, and the Chan Zuckerberg Initiative Foundation under pre-established trading plans.
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Stock Sales: A detailed breakdown
The first round of sales, executed on January 16, saw CZI Holdings, LLC sell shares worth $14,059,142, with prices ranging from $610.63 to $615.54 per share.
Meanwhile, the Chan Zuckerberg Initiative Foundation offloaded shares totaling $7,951,018 at prices between $610.57 and $615.64 per share. Together, these transactions amounted to approximately $22 million.
The following day, January 17, saw additional transactions. CZI Holdings, LLC sold another $14.08 million in shares, with prices ranging from $603.85 to $621.82 per share.
Similarly, the Chan Zuckerberg Initiative Foundation sold shares worth $8.96 million, priced between $604.99 and $622.42. Combined, the sales for January 17 exceeded $22 million.
In total, these back-to-back transactions amounted to more than $44 million. This marks a continuation of Zuckerberg’s recent selling activity, as earlier this month, he sold Meta stock valued at $14.18 million, as reported by Finbold.
Meta’s stock performance and analyst sentiment
As of the market close on January 21, META was trading at $616.46, reflecting a year-to-date (YTD) gain of 2%. While the stock remains 2.3% below its all-time high of $632.68, Wall Street analysts remain optimistic about its potential for further growth.
Jefferies for instance, reiterated its ‘Buy’ rating on Meta, maintaining an ambitious price target of $715, citing long-term opportunities despite short-term challenges.
According to Jefferies, Meta may face temporary pressures on its free cash flow as it releases fiscal year 2025 capital expenditure and expense guidance.
However, analysts view these pressures as a low point, expecting significant returns from the company’s investments in the years ahead.
Meta’s advertising potential continues to be a key focus for analysts, with Instagram Reels gaining traction in markets where TikTok faces bans.
Despite short-term challenges, analysts are confident in Meta’s ability to capitalize on its core strengths and sustain long-term growth.
Featured image via Shutterstock
