Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 413 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $521.35, for a total value of $215,317.55. Following the transaction, the chief operating officer now owns 14,011 shares in the company, valued at approximately $7,304,634.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Javier Olivan also recently made the following trade(s):
- On Friday, August 23rd, Javier Olivan sold 413 shares of Meta Platforms stock. The shares were sold at an average price of $536.92, for a total value of $221,747.96.
- On Thursday, August 15th, Javier Olivan sold 4,900 shares of Meta Platforms stock. The shares were sold at an average price of $526.76, for a total value of $2,581,124.00.
- On Thursday, August 1st, Javier Olivan sold 412 shares of Meta Platforms stock. The shares were sold at an average price of $521.48, for a total value of $214,849.76.
- On Thursday, July 25th, Javier Olivan sold 412 shares of Meta Platforms stock. The shares were sold at an average price of $463.00, for a total value of $190,756.00.
- On Thursday, July 18th, Javier Olivan sold 412 shares of Meta Platforms stock. The shares were sold at an average price of $474.86, for a total value of $195,642.32.
- On Thursday, July 11th, Javier Olivan sold 412 shares of Meta Platforms stock. The shares were sold at an average price of $530.81, for a total value of $218,693.72.
- On Friday, July 5th, Javier Olivan sold 412 shares of Meta Platforms stock. The shares were sold at an average price of $512.00, for a total value of $210,944.00.
- 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 value 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 value 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 value of $208,369.00.
Meta Platforms Trading Up 0.2 %
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META opened at $512.74 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.83 and a current ratio of 2.83. Meta Platforms, Inc. has a one year low of $279.40 and a one year high of $544.23. The company has a market cap of $1.30 trillion, a P/E ratio of 29.45, a PEG ratio of 1.29 and a beta of 1.21. The business's 50-day simple moving average is $505.31 and its 200-day simple moving average is $493.77.
Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The social networking company reported $5.16 EPS for the quarter, beating the consensus estimate of $4.70 by $0.46. The company had revenue of $39.07 billion for the quarter, compared to analyst estimates of $38.26 billion. Meta Platforms had a net margin of 34.34% and a return on equity of 34.16%. The firm's revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.23 earnings per share. As a group, equities research analysts expect that Meta Platforms, Inc. will post 21.3 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms recently commented on META. Truist Financial increased their price target on Meta Platforms from $535.00 to $570.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Susquehanna increased their price target on Meta Platforms from $550.00 to $600.00 and gave the company a "positive" rating in a report on Thursday, August 1st. The Goldman Sachs Group increased their price objective on Meta Platforms from $522.00 to $555.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Oppenheimer increased their price objective on Meta Platforms from $525.00 to $615.00 and gave the stock an "outperform" rating in a research report on Thursday, August 1st. Finally, Needham & Company LLC reiterated an "underperform" rating on shares of Meta Platforms in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $574.41.
Get Our Latest Stock Analysis on META
Institutional Investors Weigh In On Meta Platforms
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vantage Financial Partners LLC lifted its holdings in shares of Meta Platforms by 3.2% in the 4th quarter. Vantage Financial Partners LLC now owns 1,323 shares of the social networking company's stock valued at $468,000 after purchasing an additional 41 shares during the last quarter. Concentrum Wealth Management increased its position 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 buying an additional 3,888,308 shares during the period. Aveo Capital Partners LLC lifted its stake in Meta Platforms by 45.7% in the fourth quarter. Aveo Capital Partners LLC now owns 2,302 shares of the social networking company's stock valued at $815,000 after buying an additional 722 shares during the last quarter. 9258 Wealth Management LLC boosted its holdings in shares of Meta Platforms by 66.4% in the fourth quarter. 9258 Wealth Management LLC now owns 3,993 shares of the social networking company's stock valued at $1,413,000 after acquiring an additional 1,594 shares during the period. Finally, Rollins Financial grew its position in shares of Meta Platforms by 7.5% during the fourth quarter. Rollins Financial now owns 30,657 shares of the social networking company's stock worth $10,851,000 after acquiring an additional 2,133 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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