Mark Zuckerberg, CEO and Chairman of Meta Platforms Inc. (NASDAQ:META), executed a series of stock sales on December 10, 2024, totaling approximately $14.2 million. The sales involved Class A common stock and were carried out through CZI Holdings, LLC, under a pre-established trading plan. The shares were sold at prices ranging from $613.32 to $625.39 per share, near the stock's 52-week high of $638.40. Meta's stock has shown remarkable strength, delivering a nearly 90% return over the past year.
In addition to these transactions, the Chan Zuckerberg Initiative Foundation also sold shares worth about $8 million. These sales were executed at prices between $613.78 and $624.44 per share. With a market capitalization of $1.6 trillion, Meta maintains strong financial health, as indicated by InvestingPro analysis.
Zuckerberg's transactions were part of a broader strategy involving multiple entities, with the shares being held and managed through various trusts and foundations. Despite the sales, Zuckerberg retains significant holdings in Meta through his various entities. According to InvestingPro data, Meta currently appears fairly valued, with impressive gross profit margins of 81.5% and 12 additional key insights available to subscribers.
In other recent news, Meta Platforms and Alphabet (NASDAQ:GOOGL) Inc's Google have recently been in the spotlight. Piper Sandler's PSC 2025 Ad Buyer Survey revealed a positive outlook for the digital advertising industry, with Meta demonstrating impressive revenue growth of 23% over the last twelve months. Google's AI products, Gemini and Performance Max, were identified as having significant potential to drive incremental spending in 2025. Additionally, Meta's financial health score remains strong, with robust cash flows and a market capitalization of $1.55 trillion.
On the legal front, European regulators are investigating a discontinued advertising collaboration between Google and Meta, which was aimed at targeting teenagers. Despite the termination of the project, the European Commission continues to scrutinize the details.
Piper Sandler has raised its target for Meta shares, acknowledging the company's impressive earnings results for 2024 and advancements in AI. The firm also noted a challenging year-over-year comparison for Meta in the first half of 2025, leading to a slight adjustment in estimates.
In contrast, Truist Securities maintains a Buy rating on Amazon (NASDAQ:AMZN) shares, predicting record highs in U.S. e-commerce and digital advertising spending. The firm's analysis suggests that Amazon's U.S. Revenue is tracking at or slightly above the current consensus estimate of $114.5 billion for the fourth quarter of 2024.
Finally, a U.S. appeals court upheld legislation mandating ByteDance to sell TikTok, a ruling that may impact Meta's competitors. Meta Platforms also announced a $0.50 quarterly dividend and plans to construct a fiber-optic subsea cable encircling the globe, marking a significant move to take control of its internet infrastructure. These are the latest developments in these companies.
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