Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan Sells 412 Shares

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) COO Javier Olivan sold 412 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $471.67, for a total transaction of $194,328.04. Following the sale, the chief operating officer now directly owns 14,964 shares in the company, valued at approximately $7,058,069.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Thursday, May 23rd, Javier Olivan sold 412 shares of Meta Platforms stock. The shares were sold at an average price of $472.70, for a total value of $194,752.40.
  • On Wednesday, May 15th, Javier Olivan sold 4,911 shares of Meta Platforms stock. The stock was sold at an average price of $471.85, for a total value of $2,317,255.35.
  • On Friday, May 3rd, Javier Olivan sold 490 shares of Meta Platforms stock. The stock was sold at an average price of $445.93, for a total transaction of $218,505.70.
  • 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 stock was sold at an average price of $501.18, for a total transaction 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 value 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 value 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 stock was sold at an average price of $488.25, for a total transaction of $239,242.50.

Meta Platforms Price Performance

META opened at $477.49 on Tuesday. The company’s 50-day simple moving average is $480.56 and its two-hundred day simple moving average is $432.84. Meta Platforms, Inc. has a 52-week low of $258.88 and a 52-week high of $531.49. The stock has a market capitalization of $1.21 trillion, a P/E ratio of 27.43, a P/E/G ratio of 1.21 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.68.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. The business had revenue of $36.46 billion during the quarter, compared to analyst estimates of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. As a group, analysts predict that Meta Platforms, Inc. will post 20.19 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th will be given a $0.50 dividend. The ex-dividend date is Friday, June 14th. This represents a $2.00 annualized dividend and a yield of 0.42%. Meta Platforms’s payout ratio is 11.49%.

Institutional Investors Weigh In On Meta Platforms

Large investors have recently made changes to their positions in the company. Maxwell Wealth Strategies Inc. increased its holdings in Meta Platforms by 236.2% during the first quarter. Maxwell Wealth Strategies Inc. now owns 5,904 shares of the social networking company’s stock valued at $2,757,000 after buying an additional 4,148 shares during the last quarter. Cambridge Trust Co. grew its position in shares of Meta Platforms by 24.5% during the 1st quarter. Cambridge Trust Co. now owns 64,079 shares of the social networking company’s stock valued at $31,115,000 after acquiring an additional 12,604 shares during the period. Motiv8 Investments LLC grew its position in shares of Meta Platforms by 15.7% during the 1st quarter. Motiv8 Investments LLC now owns 1,611 shares of the social networking company’s stock valued at $782,000 after acquiring an additional 219 shares during the period. Peninsula Wealth LLC increased its stake in shares of Meta Platforms by 1.2% in the 1st quarter. Peninsula Wealth LLC now owns 2,611 shares of the social networking company’s stock worth $1,268,000 after purchasing an additional 30 shares in the last quarter. Finally, Spear Holdings RSC Ltd bought a new position in shares of Meta Platforms in the first quarter worth about $82,549,000. 79.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on META shares. Loop Capital decreased their price target on shares of Meta Platforms from $555.00 to $550.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Needham & Company LLC restated an “underperform” rating on shares of Meta Platforms in a research report on Thursday, April 25th. Raymond James reduced their price objective on Meta Platforms from $550.00 to $525.00 and set a “strong-buy” rating on the stock in a research report on Thursday, April 25th. Tigress Financial increased their price target on shares of Meta Platforms from $435.00 to $575.00 and gave the company a “strong-buy” rating in a research report on Friday, February 9th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Meta Platforms from $535.00 to $480.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $509.80.

Check Out Our Latest Research Report on Meta Platforms

Meta Platforms Company Profile

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

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