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

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) COO Javier Olivan sold 412 shares of Meta Platforms stock in a transaction on Friday, July 5th. The stock was sold at an average price of $512.00, for a total transaction of $210,944.00. Following the transaction, the chief operating officer now owns 6,795 shares in the company, valued at approximately $3,479,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Thursday, June 27th, Javier Olivan sold 412 shares of Meta Platforms stock. The stock was sold at an average price of $514.41, for a total transaction of $211,936.92.
  • On Thursday, June 20th, Javier Olivan sold 412 shares of Meta Platforms stock. The shares were sold at an average price of $502.00, for a total transaction of $206,824.00.
  • On Thursday, June 13th, Javier Olivan sold 412 shares of Meta Platforms stock. The shares were sold at an average price of $505.75, for a total transaction of $208,369.00.
  • On Thursday, June 6th, Javier Olivan sold 412 shares of Meta Platforms stock. The shares were sold at an average price of $492.98, for a total transaction of $203,107.76.
  • On Thursday, May 30th, Javier Olivan sold 412 shares of Meta Platforms stock. The shares were sold at an average price of $471.67, for a total transaction of $194,328.04.
  • 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 transaction of $194,752.40.
  • On Wednesday, May 15th, Javier Olivan sold 4,911 shares of Meta Platforms stock. The shares were sold at an average price of $471.85, for a total transaction of $2,317,255.35.
  • On Friday, May 3rd, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were 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 shares were sold at an average price of $501.18, for a total transaction of $245,578.20.

Meta Platforms Stock Performance

Shares of META stock opened at $530.00 on Wednesday. The stock has a market capitalization of $1.34 trillion, a P/E ratio of 30.44, a PEG ratio of 1.40 and a beta of 1.21. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12. The firm’s 50 day moving average is $488.29 and its 200 day moving average is $464.16. Meta Platforms, Inc. has a 12 month low of $274.38 and a 12 month high of $542.81.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 EPS for the quarter, beating analysts’ consensus estimates of $4.32 by $0.39. The company had revenue of $36.46 billion for the quarter, compared to analysts’ expectations of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 20.15 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Friday, June 14th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Friday, June 14th. Meta Platforms’s payout ratio is currently 11.49%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Jefferies Financial Group decreased their price target on shares of Meta Platforms from $585.00 to $540.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Roth Mkm lifted their price target on shares of Meta Platforms from $500.00 to $510.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. BNP Paribas began coverage on shares of Meta Platforms in a research note on Thursday, May 2nd. They issued an “underperform” rating and a $360.00 price target for the company. Wells Fargo & Company boosted their target price on shares of Meta Platforms from $593.00 to $625.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Rosenblatt Securities boosted their target price on shares of Meta Platforms from $520.00 to $562.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Two equities 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $511.88.

Read Our Latest Stock Report on META

Institutional Trading of Meta Platforms

A number of institutional investors have recently modified their holdings of META. Quest Partners LLC bought a new stake in Meta Platforms during the 4th quarter worth approximately $32,000. Clear Investment Research LLC increased its holdings in Meta Platforms by 411.1% during the 4th quarter. Clear Investment Research LLC now owns 92 shares of the social networking company’s stock worth $33,000 after acquiring an additional 74 shares during the period. Delos Wealth Advisors LLC increased its holdings in Meta Platforms by 527.3% during the 1st quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company’s stock worth $34,000 after acquiring an additional 58 shares during the period. Cranbrook Wealth Management LLC increased its holdings in Meta Platforms by 80.4% during the 4th quarter. Cranbrook Wealth Management LLC now owns 101 shares of the social networking company’s stock worth $36,000 after acquiring an additional 45 shares during the period. Finally, Gilfoyle & Co LLC bought a new stake in Meta Platforms during the 4th quarter worth approximately $39,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

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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