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

Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $517.75, for a total value of $253,697.50. Following the sale, the chief operating officer now directly owns 7,579 shares of the company’s stock, valued at approximately $3,924,027.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 value of $253,089.90.
• On Monday, April 1st, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were sold at an average price of $486.75, for a total value of $238,507.50.
• On Friday, March 22nd, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were sold at an average price of $507.00, for a total value 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 shares were sold at an average price of $488.03, for a total value 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 value 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 value 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 value of $1,777,500.00.

Meta Platforms Trading Down 0.9 %

META stock traded down $4.33 during trading on Wednesday, reaching $495.43. 9,269,311 shares of the stock traded hands, compared to its average volume of 17,035,971. The business’s 50 day moving average price is $493.16 and its 200-day moving average price is $396.01. Meta Platforms, Inc. has a 52-week low of $207.13 and a 52-week high of $531.49. 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 market capitalization of $1.26 trillion, a PE ratio of 33.25, a P/E/G ratio of 1.28 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share (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 quarter in the previous year, the business earned $3.00 earnings per share. The firm’s quarterly revenue was up 24.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 20.06 earnings per share for the current year.

Meta Platforms Dividend Announcement

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

Institutional Investors Weigh In On Meta Platforms

Institutional investors and hedge funds have recently modified their holdings of the stock. MBM Wealth Consultants LLC purchased a new stake in shares of Meta Platforms in the fourth quarter worth about $26,000. Stone House Investment Management LLC lifted its stake in shares of Meta Platforms by 625.0% in the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after acquiring an additional 75 shares in the last quarter. Stephens Investment Management Group LLC acquired a new position in shares of Meta Platforms in the second quarter worth about $30,000. Beaird Harris Wealth Management LLC raised its stake in 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 in the last quarter. Finally, Quest Partners LLC acquired a new stake in Meta Platforms during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on META. Citigroup increased their price target on Meta Platforms from $525.00 to $590.00 and gave the stock a “buy” rating in a report on Monday. Canaccord Genuity Group raised their target price on Meta Platforms from $450.00 to $540.00 and gave the company a “buy” rating in a report on Friday, February 2nd. TD Cowen raised their target price on Meta Platforms from $415.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Tigress Financial increased their price target on Meta Platforms from $435.00 to $575.00 and gave the company a “strong-buy” rating in a research report on Friday, February 9th. Finally, Raymond James increased their price target on Meta Platforms from $450.00 to $550.00 and gave the company a “strong-buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus price target 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.