Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan Sells 490 Shares

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) COO Javier Olivan sold 490 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $507.00, for a total transaction of $248,430.00. Following the sale, the chief operating officer now directly owns 9,049 shares in the company, valued at $4,587,843. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Javier Olivan also recently made the following trade(s):

  • On Friday, March 15th, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were sold at an average price of $488.25, for a total transaction of $239,242.50.
  • On Friday, March 8th, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were sold at an average price of $513.32, for a total transaction of $251,526.80.
  • On Friday, March 1st, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were sold at an average price of $492.13, for a total transaction of $241,143.70.
  • On Friday, February 23rd, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were sold at an average price of $488.03, for a total transaction of $239,134.70.
  • On Thursday, February 15th, Javier Olivan sold 7,556 shares of Meta Platforms stock. The shares were sold at an average price of $473.28, for a total transaction of $3,576,103.68.
  • On Monday, January 29th, Javier Olivan sold 6,500 shares of Meta Platforms stock. The stock was sold at an average price of $400.00, for a total transaction of $2,600,000.00.
  • On Wednesday, January 24th, Javier Olivan sold 4,500 shares of Meta Platforms stock. The stock was sold at an average price of $395.00, for a total transaction of $1,777,500.00.
  • On Monday, January 22nd, Javier Olivan sold 9,000 shares of Meta Platforms stock. The stock was sold at an average price of $388.90, for a total transaction of $3,500,100.00.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $495.89 on Wednesday. The company has a market cap of $1.26 trillion, a price-to-earnings ratio of 33.28, a PEG ratio of 1.31 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.67 and a quick ratio of 2.67. The firm has a 50 day simple moving average of $462.33 and a 200 day simple moving average of $374.47. Meta Platforms, Inc. has a one year low of $197.90 and a one year high of $523.57.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, beating the consensus estimate of $4.82 by $0.51. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The business had revenue of $40.11 billion during the quarter, compared to the consensus estimate of $39.12 billion. During the same quarter in the prior year, the firm earned $3.00 EPS. The firm’s revenue was up 24.7% compared to the same quarter last year. Research analysts predict that Meta Platforms, Inc. will post 19.94 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.40%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s dividend payout ratio (DPR) is currently 13.42%.

Hedge Funds Weigh In On Meta Platforms

Several institutional investors and hedge funds have recently added to or reduced their stakes in META. Stone House Investment Management LLC increased its position in Meta Platforms by 625.0% in the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after acquiring an additional 75 shares during the period. MBM Wealth Consultants LLC acquired a new position in Meta Platforms in the 4th quarter valued at approximately $26,000. Stephens Investment Management Group LLC acquired a new position in Meta Platforms in the 2nd quarter valued at approximately $30,000. Beaird Harris Wealth Management LLC increased its position in Meta Platforms by 68.9% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after acquiring an additional 42 shares during the period. Finally, Quest Partners LLC acquired a new stake in shares of Meta Platforms during the fourth quarter worth $32,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on META shares. Susquehanna raised their price objective on shares of Meta Platforms from $400.00 to $550.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. Raymond James raised their target price on shares of Meta Platforms from $450.00 to $550.00 and gave the company a “strong-buy” rating in a research report on Friday, February 2nd. Canaccord Genuity Group raised their target price on shares of Meta Platforms from $450.00 to $540.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Roth Mkm reaffirmed a “buy” rating and issued a $500.00 target price on shares of Meta Platforms in a research report on Monday, March 18th. Finally, Guggenheim raised their target price on shares of Meta Platforms from $380.00 to $520.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $496.35.

Check Out Our Latest Report on Meta Platforms

Meta Platforms Company Profile

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Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.

Further Reading

Insider Buying and Selling by Quarter for Meta Platforms (NASDAQ:META)

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