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

Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $517.75, for a total transaction of $253,697.50. Following the transaction, the chief operating officer now owns 7,579 shares in the company, valued at $3,924,027.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Friday, April 5th, Javier Olivan sold 490 shares of Meta Platforms stock. The stock was sold at an average price of $516.51, for a total transaction of $253,089.90.
• On Monday, April 1st, Javier Olivan sold 490 shares of Meta Platforms stock. The stock was sold at an average price of $486.75, for a total transaction of $238,507.50.
• 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 stock was 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 stock was 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.

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $494.17 on Thursday. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $1.26 trillion, a price-to-earnings ratio of 33.17, a P/E/G ratio of 1.28 and a beta of 1.20. Meta Platforms, Inc. has a 1-year low of $207.13 and a 1-year high of $531.49. The firm’s 50-day moving average price is $493.65 and its two-hundred day moving average price is $396.70.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, topping the consensus estimate of $4.82 by $0.51. The firm had revenue of $40.11 billion for the quarter, compared to analysts’ expectations of $39.12 billion. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The company’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.00 earnings per share. On average, equities analysts predict that Meta Platforms, Inc. will post 20.06 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were paid 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 dividend yield of 0.40%. Meta Platforms’s dividend payout ratio (DPR) is currently 13.42%.

Institutional Trading of Meta Platforms

Hedge funds have recently modified their holdings of the stock. Stone House Investment Management LLC grew 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 purchasing an additional 75 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Meta Platforms during the fourth quarter valued at approximately $32,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Meta Platforms during the first quarter valued at approximately $44,000. Clear Investment Research LLC grew its stake in shares of Meta Platforms by 411.1% during the fourth quarter. Clear Investment Research LLC now owns 92 shares of the social networking company’s stock valued at $33,000 after purchasing an additional 74 shares during the last quarter. Finally, Gilfoyle & Co LLC acquired a new position in Meta Platforms in the fourth quarter valued at approximately $39,000. 79.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on META. Citigroup upped their price objective on shares of Meta Platforms from $525.00 to $590.00 and gave the stock a “buy” rating in a report on Monday. TD Cowen upped their price objective on shares of Meta Platforms from $415.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Susquehanna upped 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. Truist Financial upped their price objective on shares of Meta Platforms from $525.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Barclays upped their price objective on shares of Meta Platforms from $400.00 to $550.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and an average target price of $509.90.

About Meta Platforms

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.