Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 412 shares of the company's stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $505.75, for a total value of $208,369.00. Following the completion of the transaction, the chief operating officer now owns 8,031 shares in the company, valued at $4,061,678.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Javier Olivan also recently made the following trade(s):
- 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 value 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 value of $194,328.04.
- On Thursday, May 23rd, Javier Olivan sold 412 shares of Meta Platforms stock. The stock was sold at an average price of $472.70, for a total value 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 value 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 value 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 value 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 value of $245,578.20.
- On Friday, April 12th, Javier Olivan sold 490 shares of Meta Platforms stock. The stock was 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 stock was 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 value of $238,507.50.
Meta Platforms Price Performance
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NASDAQ META opened at $506.63 on Tuesday. The company has a market capitalization of $1.29 trillion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 1.31 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.68. The business's fifty day moving average is $480.14 and its 200 day moving average is $444.30. Meta Platforms, Inc. has a fifty-two week low of $274.38 and a fifty-two week high of $531.49.
Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, beating the consensus estimate of $4.32 by $0.39. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. The company had revenue of $36.46 billion for the quarter, compared to the consensus estimate of $36.28 billion. Sell-side analysts predict that Meta Platforms, Inc. will post 20.16 earnings per share for the current year.
Meta Platforms Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Friday, June 14th will be given a $0.50 dividend. The ex-dividend date is Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.39%. Meta Platforms's dividend payout ratio is currently 11.49%.
Institutional Investors Weigh In On Meta Platforms
A number of hedge funds have recently made changes to their positions in META. Norges Bank purchased a new stake in shares of Meta Platforms in the fourth quarter worth about $11,285,855,000. International Assets Investment Management LLC increased its stake in Meta Platforms by 11,154.4% during the fourth quarter. International Assets Investment Management LLC now owns 4,952,254 shares of the social networking company's stock worth $1,752,900,000 after acquiring an additional 4,908,251 shares during the last quarter. Capital Research Global Investors increased its stake in Meta Platforms by 17.2% during the fourth quarter. Capital Research Global Investors now owns 30,217,175 shares of the social networking company's stock worth $10,695,722,000 after acquiring an additional 4,440,229 shares during the last quarter. Concentrum Wealth Management increased its stake in Meta Platforms by 111.0% during the fourth quarter. Concentrum Wealth Management now owns 7,391,877 shares of the social networking company's stock worth $2,616,000 after acquiring an additional 3,888,308 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in 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 acquiring an additional 3,104,550 shares during the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have weighed in on META. KeyCorp dropped their price objective on Meta Platforms from $575.00 to $555.00 and set an "overweight" rating for the company in a report on Monday, April 22nd. Jefferies Financial Group lowered their target price on Meta Platforms from $585.00 to $540.00 and set a "buy" rating for the company in a research note on Thursday, April 25th. Needham & Company LLC restated an "underperform" rating on shares of Meta Platforms in a research note on Thursday, April 25th. Royal Bank of Canada lowered their target price on Meta Platforms from $600.00 to $570.00 and set an "outperform" rating for the company in a research note on Thursday, April 25th. Finally, Guggenheim lowered their target price on Meta Platforms from $520.00 to $500.00 and set a "buy" rating for the company in a research note on Thursday, April 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Meta Platforms presently has a consensus rating of "Moderate Buy" and an average target price of $510.41.
Check Out Our Latest Report on Meta Platforms
About Meta Platforms
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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.
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