Meta Platforms, Inc. (NASDAQ:META) COO Sells $245,578.20 in Stock

Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan sold 490 shares of the stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $501.18, for a total transaction of $245,578.20. Following the completion of the transaction, the chief operating officer now owns 7,089 shares of the company’s stock, valued at $3,552,865.02. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• 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 transaction of $253,697.50.
• On Friday, April 5th, Javier Olivan sold 490 shares of Meta Platforms stock. The stock was 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 shares were 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 shares were 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 transaction of $239,242.50.
• On Friday, March 8th, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were sold at an average price of $513.32, for a total transaction 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 transaction 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 transaction of $239,134.70.
• On Thursday, February 15th, Javier Olivan sold 7,556 shares of Meta Platforms stock. The stock was sold at an average price of $473.28, for a total transaction of $3,576,103.68.
• On Monday, January 29th, Javier Olivan sold 6,500 shares of Meta Platforms stock. The stock was sold at an average price of $400.00, for a total transaction of $2,600,000.00.

Meta Platforms Price Performance

Shares of Meta Platforms stock opened at $496.10 on Wednesday. The stock has a market cap of $1.26 trillion, a price-to-earnings ratio of 33.30, a price-to-earnings-growth ratio of 1.22 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.67. The stock has a 50 day moving average price of $495.52 and a 200-day moving average price of $402.50. Meta Platforms, Inc. has a one year low of $207.13 and a one year high of $531.49.

Meta Platforms (NASDAQ:META) last released its earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, beating the consensus estimate of $4.82 by $0.51. The firm had revenue of $40.11 billion for the quarter, compared to the consensus estimate of $39.12 billion. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.00 EPS. Equities analysts expect that Meta Platforms, Inc. will post 20.18 EPS 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 dividend of $0.50 per share. 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 dividend payout ratio is currently 13.42%.

Analyst Ratings Changes

A number of brokerages have recently commented on META. Truist Financial lifted their price target on shares of Meta Platforms from $525.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Tigress Financial lifted their price target on shares of Meta Platforms from $435.00 to $575.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 9th. Royal Bank of Canada lifted their price target on shares of Meta Platforms from $400.00 to $565.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. BMO Capital Markets lifted their price target on shares of Meta Platforms from $397.00 to $450.00 and gave the stock a “market perform” rating in a research note on Friday, February 2nd. Finally, Morgan Stanley lifted their price target on shares of Meta Platforms from $375.00 to $550.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and an average target price of $520.28.

Hedge Funds Weigh In On Meta Platforms

Several large investors have recently modified their holdings of META. Stone House Investment Management LLC grew its position in Meta Platforms by 625.0% in the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after acquiring an additional 75 shares during the last quarter. Beaird Harris Wealth Management LLC grew its position in Meta Platforms by 68.9% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after acquiring an additional 42 shares during the last quarter. Quest Partners LLC bought a new position in Meta Platforms in the 4th quarter valued at $32,000. PayPay Securities Corp grew its position in Meta Platforms by 65.2% in the 3rd quarter. PayPay Securities Corp now owns 109 shares of the social networking company’s stock valued at $33,000 after acquiring an additional 43 shares during the last quarter. Finally, Clear Investment Research LLC grew its position in Meta Platforms by 411.1% in the 4th quarter. Clear Investment Research LLC now owns 92 shares of the social networking company’s stock valued at $33,000 after acquiring an additional 74 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

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.