Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 406 shares of the business's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $491.69, for a total value of $199,626.14. Following the completion of the sale, the chief operating officer now owns 4,608 shares in the company, valued at $2,265,707.52. This represents a 8.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Javier Olivan also recently made the following trade(s):
- On Monday, April 14th, Javier Olivan sold 608 shares of Meta Platforms stock. The stock was sold at an average price of $556.45, for a total transaction of $338,321.60.
- On Monday, April 7th, Javier Olivan sold 608 shares of Meta Platforms stock. The stock was sold at an average price of $488.18, for a total transaction of $296,813.44.
- On Monday, March 31st, Javier Olivan sold 608 shares of Meta Platforms stock. The shares were sold at an average price of $563.03, for a total transaction of $342,322.24.
- On Monday, March 24th, Javier Olivan sold 608 shares of Meta Platforms stock. The stock was sold at an average price of $614.97, for a total value of $373,901.76.
- On Monday, March 17th, Javier Olivan sold 608 shares of Meta Platforms stock. The stock was sold at an average price of $607.50, for a total value of $369,360.00.
- On Monday, March 10th, Javier Olivan sold 608 shares of Meta Platforms stock. The shares were sold at an average price of $609.00, for a total value of $370,272.00.
- On Monday, March 3rd, Javier Olivan sold 608 shares of Meta Platforms stock. The stock was sold at an average price of $673.96, for a total transaction of $409,767.68.
- On Monday, February 24th, Javier Olivan sold 608 shares of Meta Platforms stock. The shares were sold at an average price of $686.28, for a total transaction of $417,258.24.
- On Tuesday, February 18th, Javier Olivan sold 608 shares of Meta Platforms stock. The stock was sold at an average price of $736.07, for a total transaction of $447,530.56.
- On Saturday, February 15th, Javier Olivan sold 4,706 shares of Meta Platforms stock. The shares were sold at an average price of $736.67, for a total transaction of $3,466,769.02.
Meta Platforms Stock Performance
NASDAQ:META opened at $520.79 on Thursday. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The firm's fifty day simple moving average is $594.44 and its 200 day simple moving average is $605.11. The stock has a market cap of $1.32 trillion, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 1.42 and a beta of 1.28. Meta Platforms, Inc. has a twelve month low of $414.50 and a twelve month high of $740.91.
Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating analysts' consensus estimates of $6.75 by $1.27. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. During the same quarter last year, the business posted $5.33 EPS. As a group, research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.
Meta Platforms Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were issued a dividend of $0.525 per share. This is an increase from Meta Platforms's previous quarterly dividend of $0.50. The ex-dividend date was Friday, March 14th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.40%. Meta Platforms's dividend payout ratio is 8.78%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in META. Inlight Wealth Management LLC purchased a new position in Meta Platforms during the first quarter valued at $25,000. Millstone Evans Group LLC purchased a new position in Meta Platforms during the 4th quarter valued at about $40,000. Avondale Wealth Management bought a new stake in Meta Platforms during the fourth quarter worth about $41,000. WealthTrak Capital Management LLC purchased a new stake in Meta Platforms in the fourth quarter worth about $43,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Meta Platforms during the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 79.91% of the company's stock.
Analysts Set New Price Targets
META has been the subject of several research analyst reports. Raymond James reissued a "strong-buy" rating and set a $800.00 price objective (up previously from $725.00) on shares of Meta Platforms in a research note on Thursday, January 30th. DA Davidson dropped their price target on Meta Platforms from $800.00 to $650.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Needham & Company LLC restated an "underperform" rating on shares of Meta Platforms in a research report on Wednesday. Benchmark lowered their target price on shares of Meta Platforms from $820.00 to $640.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Arete Research raised shares of Meta Platforms to a "hold" rating in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $676.55.
Read 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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