Meta Platforms, Inc. (NASDAQ:META) COO Sells $218,505.70 in Stock

Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $445.93, for a total transaction of $218,505.70. Following the sale, the chief operating officer now directly owns 6,109 shares of the company’s stock, valued at $2,724,186.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, April 26th, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were sold at an average price of $441.54, for a total value of $216,354.60.
• On Friday, April 19th, Javier Olivan sold 490 shares of Meta Platforms stock. The stock was sold at an average price of $501.18, for a total value of $245,578.20.
• On Friday, April 12th, Javier Olivan sold 490 shares of Meta Platforms stock. The stock was sold at an average price of $517.75, for a total value of $253,697.50.
• On Friday, April 5th, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were 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 shares were sold at an average price of $488.25, for a total value 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 value 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 value of $241,143.70.
• On Friday, February 23rd, Javier Olivan sold 490 shares of Meta Platforms stock. The stock was sold at an average price of $488.03, for a total transaction of $239,134.70.

Meta Platforms Stock Performance

Shares of NASDAQ META opened at $468.24 on Wednesday. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average price is $490.40 and its 200-day moving average price is $410.65. Meta Platforms, Inc. has a 52-week low of $230.27 and a 52-week high of $531.49. The company has a market cap of $1.19 trillion, a PE ratio of 26.87, a PEG ratio of 1.18 and a beta of 1.21.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. The business had revenue of $36.46 billion during the quarter, compared to the consensus estimate of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. As a group, analysts anticipate that Meta Platforms, Inc. will post 20.1 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of META. S.A. Mason LLC boosted its holdings in shares of Meta Platforms by 1.5% in the first quarter. S.A. Mason LLC now owns 1,328 shares of the social networking company’s stock worth $645,000 after buying an additional 20 shares during the last quarter. Horizon Bancorp Inc. IN boosted its stake in shares of Meta Platforms by 2.0% during the 1st quarter. Horizon Bancorp Inc. IN now owns 1,057 shares of the social networking company’s stock worth $513,000 after acquiring an additional 21 shares during the last quarter. Hanson & Doremus Investment Management grew its position in shares of Meta Platforms by 5.3% during the 1st quarter. Hanson & Doremus Investment Management now owns 435 shares of the social networking company’s stock valued at $211,000 after acquiring an additional 22 shares during the period. LongView Wealth Management increased its stake in shares of Meta Platforms by 1.3% in the 1st quarter. LongView Wealth Management now owns 1,762 shares of the social networking company’s stock worth $856,000 after purchasing an additional 22 shares in the last quarter. Finally, Madison Wealth Partners Inc raised its holdings in Meta Platforms by 1.6% in the 4th quarter. Madison Wealth Partners Inc now owns 1,417 shares of the social networking company’s stock worth $502,000 after purchasing an additional 23 shares during the period. Institutional investors own 79.91% of the company’s stock.

Analysts Set New Price Targets

META has been the topic of a number of recent analyst reports. BNP Paribas initiated coverage on shares of Meta Platforms in a report on Thursday, May 2nd. They issued an “underperform” rating and a $360.00 price target on the stock. Barclays cut their target price on Meta Platforms from $550.00 to $520.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Piper Sandler reiterated an “overweight” rating and issued a $545.00 price objective (down previously from $600.00) on shares of Meta Platforms in a report on Thursday, April 25th. Loop Capital reduced their target price on Meta Platforms from $555.00 to $550.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Finally, JPMorgan Chase & Co. cut their price target on shares of Meta Platforms from $535.00 to $480.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $509.80.

Meta Platforms Company Profile

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.