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

Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan sold 490 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $445.93, for a total value of $218,505.70. Following the completion of the transaction, the chief operating officer now directly owns 6,109 shares in the company, valued at approximately $2,724,186.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, April 26th, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were sold at an average price of $441.54, for a total transaction of $216,354.60.
• On Friday, April 19th, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were sold at an average price of $501.18, for a total value of $245,578.20.
• On Friday, April 12th, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were 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 stock was 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 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 transaction of $251,526.80.
• On Friday, March 1st, Javier Olivan sold 490 shares of Meta Platforms stock. The stock was 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.

Meta Platforms Stock Performance

Shares of META opened at $472.60 on Thursday. The company has a market cap of $1.20 trillion, a price-to-earnings ratio of 27.15, a P/E/G ratio of 1.18 and a beta of 1.21. The business’s fifty day simple moving average is $490.03 and its two-hundred day simple moving average is $411.78. Meta Platforms, Inc. has a 12 month low of $230.72 and a 12 month high of $531.49. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, topping the consensus estimate of $4.32 by $0.39. The company had revenue of $36.46 billion during the quarter, compared to the consensus estimate of $36.28 billion. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. Research analysts anticipate that Meta Platforms, Inc. will post 20.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on META. Citigroup reduced their price target on Meta Platforms from $590.00 to $550.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Guggenheim decreased their target price on shares of Meta Platforms from $520.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Piper Sandler reissued an “overweight” rating and set a $545.00 price target (down previously from $600.00) on shares of Meta Platforms in a research report on Thursday, April 25th. Rosenblatt Securities boosted their price objective on shares of Meta Platforms from $520.00 to $562.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Finally, Roth Mkm increased their target price on shares of Meta Platforms from $500.00 to $510.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $509.80.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Daiwa Securities Group Inc. grew its holdings in shares of Meta Platforms by 7.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 451,581 shares of the social networking company’s stock worth $159,841,000 after acquiring an additional 32,423 shares during the period. Bank of Stockton boosted its position in Meta Platforms by 9.2% in the fourth quarter. Bank of Stockton now owns 4,743 shares of the social networking company’s stock worth $1,819,000 after purchasing an additional 400 shares during the last quarter. Signify Wealth bought a new stake in shares of Meta Platforms during the 4th quarter valued at about $228,000. Illinois Municipal Retirement Fund increased its position in shares of Meta Platforms by 1.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 223,788 shares of the social networking company’s stock valued at $79,212,000 after purchasing an additional 4,025 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. lifted its stake in shares of Meta Platforms by 1.5% in the 4th quarter. Investment Research & Advisory Group Inc. now owns 10,962 shares of the social networking company’s stock worth $3,880,000 after purchasing an additional 164 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

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.