Javier Olivan Sells 11,715 Shares of Meta Platforms, Inc. (NASDAQ:META) Stock

Meta Platforms, Inc. (NASDAQ:METAGet 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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bramshill Investments LLC acquired a new stake in Meta Platforms in the 2nd quarter worth about $97,000. Voya Investment Management LLC raised its stake in Meta Platforms by 0.9% in the 2nd quarter. Voya Investment Management LLC now owns 1,012,023 shares of the social networking company’s stock worth $163,188,000 after purchasing an additional 8,676 shares in the last quarter. Sei Investments Co. raised its stake in Meta Platforms by 34.9% in the 2nd quarter. Sei Investments Co. now owns 1,093,922 shares of the social networking company’s stock worth $176,039,000 after purchasing an additional 282,953 shares in the last quarter. Cunning Capital Partners LP acquired a new stake in Meta Platforms in the 2nd quarter worth about $1,545,000. Finally, Dimension Capital Management LLC raised its position in shares of Meta Platforms by 4.9% in the 2nd quarter. Dimension Capital Management LLC now owns 3,677 shares of the social networking company’s stock valued at $593,000 after buying an additional 172 shares in the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

About Meta Platforms

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

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