Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $486.75, for a total value of $238,507.50. Following the completion of the sale, the chief operating officer now directly owns 8,559 shares in the company, valued at $4,166,093.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Javier Olivan also recently made the following trade(s):
- On Friday, March 22nd, Javier Olivan sold 490 shares of Meta Platforms stock. The stock was 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 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 value 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 shares were 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 value 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 value of $2,600,000.00.
- On Wednesday, January 24th, Javier Olivan sold 4,500 shares of Meta Platforms stock. The stock was sold at an average price of $395.00, for a total value of $1,777,500.00.
- On Monday, January 22nd, Javier Olivan sold 9,000 shares of Meta Platforms stock. The stock was sold at an average price of $388.90, for a total value of $3,500,100.00.
Meta Platforms Stock Performance
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Meta Platforms stock opened at $506.74 on Thursday. 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 fifty day moving average of $475.82 and a two-hundred day moving average of $381.88. The company has a market capitalization of $1.29 trillion, a price-to-earnings ratio of 34.01, a PEG ratio of 1.28 and a beta of 1.20. Meta Platforms, Inc. has a fifty-two week low of $207.13 and a fifty-two week high of $523.57.
Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The social networking company reported $5.33 earnings per share for the quarter, topping the consensus estimate of $4.82 by $0.51. The company had revenue of $40.11 billion during 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%. Meta Platforms's revenue was up 24.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.00 earnings per share. On average, analysts anticipate that Meta Platforms, Inc. will post 19.94 EPS for the current fiscal year.
Meta Platforms Announces Dividend
The business also recently declared 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. This represents a $2.00 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend was Wednesday, February 21st. Meta Platforms's payout ratio is 13.42%.
Institutional Investors Weigh In On Meta Platforms
Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Meta Platforms by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 186,349,346 shares of the social networking company's stock worth $65,960,215,000 after purchasing an additional 3,104,550 shares during the last quarter. FMR LLC boosted its holdings in Meta Platforms by 4.0% in the third quarter. FMR LLC now owns 130,809,908 shares of the social networking company's stock valued at $39,270,443,000 after acquiring an additional 5,001,647 shares during the last quarter. State Street Corp boosted its holdings in Meta Platforms by 1.8% in the second quarter. State Street Corp now owns 88,542,953 shares of the social networking company's stock valued at $25,410,057,000 after acquiring an additional 1,548,671 shares during the last quarter. Capital World Investors boosted its holdings in Meta Platforms by 2.5% in the fourth quarter. Capital World Investors now owns 38,054,513 shares of the social networking company's stock valued at $13,469,906,000 after acquiring an additional 927,491 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in Meta Platforms by 3.4% in the third quarter. Morgan Stanley now owns 36,277,772 shares of the social networking company's stock valued at $10,890,950,000 after acquiring an additional 1,184,978 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on META shares. KeyCorp upped their price target on Meta Platforms from $465.00 to $575.00 and gave the stock an "overweight" rating in a report on Tuesday, January 30th. Susquehanna upped their price target on Meta Platforms from $400.00 to $550.00 and gave the stock a "positive" rating in a report on Friday, February 2nd. JMP Securities upped their price target on Meta Platforms from $410.00 to $500.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. Citigroup upped their price target on Meta Platforms from $440.00 to $525.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. Finally, Piper Sandler increased their price objective on Meta Platforms from $415.00 to $525.00 and gave the company an "overweight" rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirty-nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $496.13.
Check Out Our Latest Stock Analysis on Meta Platforms
Meta Platforms Company Profile
(
Get Free Report)
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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