Meta Platforms, Inc. (NASDAQ:META – Get Free Report) COO Javier Olivan sold 7,634 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $336.31, for a total transaction of $2,567,390.54. Following the sale, the chief operating officer now directly owns 91,413 shares of the company’s stock, valued at $30,743,106.03. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Meta Platforms Stock Up 0.3 %
NASDAQ META opened at $335.04 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.57 and a quick ratio of 2.57. The company’s 50 day simple moving average is $311.55 and its 200 day simple moving average is $292.62. Meta Platforms, Inc. has a 12 month low of $108.32 and a 12 month high of $338.40. The company has a market capitalization of $861.01 billion, a P/E ratio of 29.57, a PEG ratio of 1.10 and a beta of 1.21.
Meta Platforms (NASDAQ:META – Get Free Report) last released its earnings results on Wednesday, October 25th. The social networking company reported $4.39 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.77. Meta Platforms had a net margin of 23.42% and a return on equity of 26.40%. The business had revenue of $34.15 billion for the quarter, compared to the consensus estimate of $33.58 billion. During the same period in the previous year, the firm earned $1.64 EPS. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. Equities research analysts expect that Meta Platforms, Inc. will post 14.18 earnings per share for the current fiscal year.
Institutional Trading of Meta Platforms
Wall Street Analyst Weigh In
META has been the subject of several recent analyst reports. Needham & Company LLC reissued an “underperform” rating on shares of Meta Platforms in a report on Wednesday, August 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $405.00 target price on shares of Meta Platforms in a research report on Tuesday, November 14th. Morgan Stanley reissued an “overweight” rating and issued a $375.00 target price on shares of Meta Platforms in a research report on Thursday, September 28th. Citigroup reissued a “buy” rating and issued a $385.00 target price on shares of Meta Platforms in a research report on Friday, September 22nd. Finally, Loop Capital boosted their target price on shares of Meta Platforms from $365.00 to $375.00 and gave the stock a “buy” rating in a research report on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $348.26.
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.
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