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

Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $441.54, for a total transaction of $216,354.60. Following the completion of the sale, the chief operating officer now owns 6,599 shares of the company’s stock, valued at $2,913,722.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 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 value of $253,697.50.
• On Friday, April 5th, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were 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 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 stock was 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 value of $241,143.70.
• On Friday, February 23rd, Javier Olivan sold 490 shares of Meta Platforms stock. The stock was sold at an average price of $488.03, for a total value of $239,134.70.
• On Thursday, February 15th, Javier Olivan sold 7,556 shares of Meta Platforms stock. The shares were sold at an average price of $473.28, for a total transaction of $3,576,103.68.

Meta Platforms Trading Down 0.6 %

Shares of Meta Platforms stock opened at $430.17 on Wednesday. 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 stock has a fifty day simple moving average of $492.83 and a 200 day simple moving average of $406.97. Meta Platforms, Inc. has a 12-month low of $229.85 and a 12-month high of $531.49. The company has a market capitalization of $1.10 trillion, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 1.15 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last posted its earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.32 by $0.39. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. The firm had revenue of $36.46 billion during the quarter, compared to analyst estimates of $36.28 billion. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 20.2 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, February 21st. This represents a $2.00 annualized dividend and a dividend yield of 0.46%. Meta Platforms’s dividend payout ratio is currently 11.49%.

Hedge Funds Weigh In On Meta Platforms

Several institutional investors have recently modified their holdings of META. Linden Thomas Advisory Services LLC increased its position in shares of Meta Platforms by 23.3% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 11,151 shares of the social networking company’s stock valued at $3,348,000 after purchasing an additional 2,106 shares during the last quarter. Avion Wealth increased its holdings in Meta Platforms by 17.7% during the third quarter. Avion Wealth now owns 853 shares of the social networking company’s stock worth $255,000 after buying an additional 128 shares during the last quarter. Lake Street Financial LLC increased its holdings in Meta Platforms by 4.5% during the third quarter. Lake Street Financial LLC now owns 19,830 shares of the social networking company’s stock worth $6,028,000 after buying an additional 862 shares during the last quarter. Bill Few Associates Inc. bought a new stake in Meta Platforms in the third quarter worth about $204,000. Finally, Atlantic Union Bankshares Corp boosted its stake in Meta Platforms by 2.7% in the third quarter. Atlantic Union Bankshares Corp now owns 13,708 shares of the social networking company’s stock valued at $4,115,000 after acquiring an additional 362 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

META has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price target 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. Morgan Stanley upped their target price on Meta Platforms from $375.00 to $550.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Evercore ISI lifted their price target on Meta Platforms from $425.00 to $550.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft lowered their price objective on Meta Platforms from $540.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Finally, Canaccord Genuity Group lifted their target price on shares of Meta Platforms from $450.00 to $540.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $509.18.

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.