Meta Platforms, Inc. (NASDAQ:META – Get Rating) COO Javier Olivan sold 11,715 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $114.22, for a total transaction of $1,338,087.30. Following the completion of the transaction, the chief operating officer now owns 66,794 shares in the company, valued at $7,629,210.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Meta Platforms Price Performance
Shares of Meta Platforms stock opened at $112.05 on Friday. Meta Platforms, Inc. has a twelve month low of $88.09 and a twelve month high of $353.83. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.08. The company has a 50-day simple moving average of $127.39 and a two-hundred day simple moving average of $154.46. The stock has a market capitalization of $297.11 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 1.55 and a beta of 1.14.
Wall Street Analysts Forecast Growth
META has been the topic of several analyst reports. Rosenblatt Securities cut their price objective on shares of Meta Platforms from $114.00 to $104.00 and set a “neutral” rating on the stock in a report on Thursday, November 10th. Piper Sandler cut their price objective on shares of Meta Platforms from $175.00 to $116.00 and set a “neutral” rating on the stock in a report on Thursday, October 27th. HSBC cut their target price on shares of Meta Platforms to $110.00 in a report on Tuesday, November 1st. Citigroup cut their target price on shares of Meta Platforms from $222.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, October 27th. Finally, Atlantic Securities cut their target price on shares of Meta Platforms to $120.00 in a report on Thursday, October 27th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $170.64.
Institutional Trading of Meta Platforms
About Meta Platforms
Meta Platforms, Inc develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment's products include Facebook, which enables people to share, 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, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.
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