Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 490 shares of the firm's stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $516.51, for a total value of $253,089.90. Following the sale, the chief operating officer now directly owns 8,069 shares of the company's stock, valued at $4,167,719.19. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Javier Olivan also recently made the following trade(s):
- On Monday, April 1st, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were 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 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 shares were 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 shares were 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 shares were 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 shares were 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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Shares of NASDAQ META opened at $516.90 on Wednesday. The stock has a 50 day moving average price of $485.54 and a 200 day moving average price of $388.60. Meta Platforms, Inc. has a 52 week low of $207.13 and a 52 week high of $531.49. 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 market capitalization of $1.32 trillion, a PE ratio of 34.69, a price-to-earnings-growth ratio of 1.36 and a beta of 1.20.
Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.82 by $0.51. The company had revenue of $40.11 billion during the quarter, compared to analysts' expectations of $39.12 billion. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The business's revenue was up 24.7% on a year-over-year basis. During the same period last year, the firm posted $3.00 earnings per share. Analysts predict that Meta Platforms, Inc. will post 19.94 earnings per share for the current fiscal year.
Meta Platforms Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, February 21st. This represents a $2.00 dividend on an annualized basis and a yield of 0.39%. Meta Platforms's dividend payout ratio (DPR) is presently 13.42%.
Hedge Funds Weigh In On Meta Platforms
A number of hedge funds have recently added to or reduced their stakes in META. MBM Wealth Consultants LLC bought a new position in shares of Meta Platforms in the 4th quarter valued at $26,000. Stone House Investment Management LLC increased its stake in shares of Meta Platforms by 625.0% in the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company's stock valued at $26,000 after purchasing an additional 75 shares during the last quarter. Stephens Investment Management Group LLC bought a new position in shares of Meta Platforms in the 2nd quarter valued at $30,000. Beaird Harris Wealth Management LLC increased its stake in shares of Meta Platforms by 68.9% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company's stock valued at $31,000 after purchasing an additional 42 shares during the last quarter. Finally, Quest Partners LLC bought a new position in shares of Meta Platforms in the 4th quarter valued at $32,000. Institutional investors own 79.91% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on META shares. Piper Sandler raised their target price on Meta Platforms from $415.00 to $525.00 and gave the company an "overweight" rating in a report on Friday, February 2nd. Wolfe Research boosted their price objective on Meta Platforms from $430.00 to $530.00 and gave the company an "outperform" rating in a research report on Friday, February 2nd. Sanford C. Bernstein boosted their price objective on Meta Platforms from $435.00 to $535.00 and gave the company an "outperform" rating in a research report on Friday, February 2nd. Susquehanna boosted their price objective on Meta Platforms from $400.00 to $550.00 and gave the company a "positive" rating in a research report on Friday, February 2nd. Finally, Wells Fargo & Company lowered their price objective on Meta Platforms from $609.00 to $600.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $500.88.
Get Our Latest 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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