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

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) COO Javier Olivan sold 412 shares of Meta Platforms stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $512.00, for a total transaction of $210,944.00. Following the transaction, the chief operating officer now directly 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 available through this link.

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

  • On Thursday, June 27th, Javier Olivan sold 412 shares of Meta Platforms stock. The shares were 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $501.18, for a total transaction of $245,578.20.

Meta Platforms Stock Up 0.1 %

Shares of META traded up $0.68 during mid-day trading on Tuesday, hitting $530.00. 8,755,334 shares of the company traded hands, compared to its average volume of 16,217,353. Meta Platforms, Inc. has a 1-year low of $274.38 and a 1-year high of $542.81. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $1.34 trillion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21. The business has a 50 day moving average of $486.29 and a 200 day moving average of $462.92.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $36.28 billion. Equities research analysts anticipate that Meta Platforms, Inc. will post 20.15 EPS for the current year.

Meta Platforms Announces Dividend

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

Hedge Funds Weigh In On Meta Platforms

Several hedge funds and other institutional investors have recently bought and sold shares of META. Carlson Capital Management increased its holdings in Meta Platforms by 2.0% in the 3rd quarter. Carlson Capital Management now owns 4,184 shares of the social networking company’s stock worth $1,256,000 after buying an additional 84 shares during the period. Rooted Wealth Advisors Inc. increased its holdings in Meta Platforms by 68.6% in the 3rd quarter. Rooted Wealth Advisors Inc. now owns 1,861 shares of the social networking company’s stock worth $559,000 after buying an additional 757 shares during the period. Braun Stacey Associates Inc. increased its holdings in Meta Platforms by 20.0% in the 3rd quarter. Braun Stacey Associates Inc. now owns 131,661 shares of the social networking company’s stock worth $39,526,000 after buying an additional 21,959 shares during the period. Comerica Bank acquired a new position in Meta Platforms in the 3rd quarter worth approximately $134,513,000. Finally, Allen Mooney & Barnes Investment Advisors LLC acquired a new position in Meta Platforms in the 3rd quarter worth approximately $265,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Sanford C. Bernstein reduced their price target on shares of Meta Platforms from $590.00 to $565.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. KeyCorp boosted their price objective on shares of Meta Platforms from $475.00 to $540.00 and gave the company an “overweight” rating in a research report on Thursday, June 20th. Guggenheim cut their price objective on shares of Meta Platforms from $520.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. UBS Group cut their price objective on shares of Meta Platforms from $610.00 to $575.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, Wells Fargo & Company boosted their price objective on shares of Meta Platforms from $593.00 to $625.00 and gave the company an “overweight” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $511.88.

Check Out Our Latest Stock Analysis on META

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.

Further Reading

Insider Buying and Selling by Quarter for Meta Platforms (NASDAQ:META)

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