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 Meta Platforms stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $486.75, for a total transaction of $238,507.50. Following the transaction, the chief operating officer now directly owns 8,559 shares in the company, valued at $4,166,093.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Friday, March 22nd, Javier Olivan sold 490 shares of Meta Platforms stock. The stock was sold at an average price of $507.00, for a total transaction of $248,430.00.
  • On Friday, March 15th, Javier Olivan sold 490 shares of Meta Platforms stock. The stock was 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 shares were 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 shares were 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 shares were sold at an average price of $388.90, for a total transaction of $3,500,100.00.

Meta Platforms Stock Up 1.9 %

NASDAQ META opened at $506.74 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.67. The company has a market capitalization of $1.29 trillion, a P/E ratio of 34.01, a P/E/G ratio of 1.28 and a beta of 1.20. Meta Platforms, Inc. has a one year low of $207.13 and a one year high of $523.57. The stock has a 50 day moving average price of $475.82 and a 200-day moving average price of $381.88.

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

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 annualized dividend and a yield of 0.39%. Meta Platforms’s payout ratio is presently 13.42%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. KeyCorp boosted their target price on shares of Meta Platforms from $465.00 to $575.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. upped their price target on shares of Meta Platforms from $420.00 to $535.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Wolfe Research upped their price target on shares of Meta Platforms from $430.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Roth Mkm reiterated a “buy” rating and issued a $500.00 price target on shares of Meta Platforms in a research note on Monday, March 18th. Finally, Barclays boosted their target price on Meta Platforms from $400.00 to $550.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and an average target price of $496.13.

Get Our Latest Research Report on META

Institutional Trading of Meta Platforms

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. MBM Wealth Consultants LLC purchased a new position in shares of Meta Platforms during the fourth quarter valued at $26,000. Stone House Investment Management LLC increased its stake in shares of Meta Platforms by 625.0% during the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after buying an additional 75 shares during the period. Stephens Investment Management Group LLC purchased a new position in shares of Meta Platforms during the second quarter valued at $30,000. Beaird Harris Wealth Management LLC increased its stake in shares of Meta Platforms by 68.9% during the third quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after buying an additional 42 shares during the period. Finally, Quest Partners LLC purchased a new position in shares of Meta Platforms during the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

About Meta Platforms

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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.

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

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