Insider Selling: Meta Platforms, Inc. (NASDAQ:META) COO Sells 490 Shares of Stock

Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $517.75, for a total transaction of $253,697.50. Following the sale, the chief operating officer now directly owns 7,579 shares of the company’s stock, valued at approximately $3,924,027.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 transaction 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 stock was 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 stock was 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 stock was sold at an average price of $492.13, for a total transaction 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 transaction of $239,134.70.
• On Thursday, February 15th, Javier Olivan sold 7,556 shares of Meta Platforms stock. The stock was sold at an average price of $473.28, for a total transaction 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 transaction 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 transaction of $1,777,500.00.

Meta Platforms Trading Down 1.1 %

NASDAQ:META opened at $494.17 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. Meta Platforms, Inc. has a 52 week low of $207.13 and a 52 week high of $531.49. The firm’s fifty day moving average is $493.65 and its 200-day moving average is $396.70. The firm has a market cap of $1.26 trillion, a P/E ratio of 33.17, a P/E/G ratio of 1.28 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last released its earnings results 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. Meta Platforms had a net margin of 28.98% and a return on equity of 29.48%. The company had revenue of $40.11 billion for the quarter, compared to the consensus estimate of $39.12 billion. During the same quarter in the previous year, the company earned $3.00 EPS. Meta Platforms’s quarterly revenue was up 24.7% compared to the same quarter last year. Equities analysts expect that Meta Platforms, Inc. will post 20.06 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, February 21st. This represents a $2.00 annualized dividend and a yield of 0.40%. Meta Platforms’s payout ratio is 13.42%.

Wall Street Analyst Weigh In

META has been the subject of several analyst reports. JMP Securities boosted their target price on shares of Meta Platforms from $410.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Royal Bank of Canada boosted their target price on shares of Meta Platforms from $400.00 to $565.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Tigress Financial boosted their target price 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. The Goldman Sachs Group boosted their target price on shares of Meta Platforms from $500.00 to $555.00 and gave the company a “buy” rating in a research report on Monday. Finally, Stifel Nicolaus boosted their target price on shares of Meta Platforms from $527.00 to $588.00 and gave the company a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $509.90.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of META. Fairfield Bush & CO. acquired a new position in Meta Platforms during the first quarter worth $66,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Meta Platforms by 12.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,244,201 shares of the social networking company’s stock valued at $499,020,000 after purchasing an additional 249,926 shares during the last quarter. Ergoteles LLC raised its holdings in shares of Meta Platforms by 284.0% in the first quarter. Ergoteles LLC now owns 3,356 shares of the social networking company’s stock valued at $746,000 after purchasing an additional 2,482 shares during the last quarter. First Western Trust Bank purchased a new stake in shares of Meta Platforms in the first quarter valued at about $813,000. Finally, Oxford Financial Group Ltd. raised its holdings in shares of Meta Platforms by 26.9% in the first quarter. Oxford Financial Group Ltd. now owns 1,888 shares of the social networking company’s stock valued at $420,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

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.