Javier Olivan Sells 608 Shares of Meta Platforms, Inc. (NASDAQ:META) Stock

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 608 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $556.45, for a total value of $338,321.60. Following the sale, the chief operating officer now directly owns 5,014 shares in the company, valued at $2,790,040.30. This trade represents a 10.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, April 7th, Javier Olivan sold 608 shares of Meta Platforms stock. The shares were 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 transaction of $373,901.76.
• On Monday, March 17th, Javier Olivan sold 608 shares of Meta Platforms stock. The shares were 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 stock was 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 shares were sold at an average price of $673.96, for a total value of $409,767.68.
• On Monday, February 24th, Javier Olivan sold 608 shares of Meta Platforms stock. The stock was sold at an average price of $686.28, for a total value 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.
• On Monday, February 3rd, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was sold at an average price of $676.00, for a total transaction of $279,188.00.

Meta Platforms Trading Down 0.2 %

NASDAQ META traded down $0.83 on Friday, hitting $501.48. 14,540,656 shares of the stock were exchanged, compared to its average volume of 14,787,586. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. Meta Platforms, Inc. has a 52-week low of $414.50 and a 52-week high of $740.91. The firm has a market capitalization of $1.27 trillion, a P/E ratio of 20.96, a P/E/G ratio of 1.42 and a beta of 1.28. The stock has a fifty day moving average price of $608.14 and a two-hundred day moving average price of $607.21.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, topping 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 in the previous year, the firm posted $5.33 earnings per share. Research analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.42%. This is an increase from Meta Platforms's previous quarterly dividend of $0.50. The ex-dividend date was Friday, March 14th. Meta Platforms's dividend payout ratio is presently 8.78%.

Hedge Funds Weigh In On Meta Platforms

Large investors have recently bought and sold shares of the business. Millstone Evans Group LLC bought a new stake in shares of Meta Platforms during the fourth quarter valued at approximately $40,000. Avondale Wealth Management bought a new position in Meta Platforms in the fourth quarter worth approximately $41,000. WealthTrak Capital Management LLC bought a new position in shares of Meta Platforms in the 4th quarter worth $43,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Meta Platforms in the fourth quarter valued at about $45,000. Finally, Stuart Chaussee & Associates Inc. purchased a new position in shares of Meta Platforms in the 4th quarter worth approximately $47,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Wall Street Analyst Weigh In

META has been the topic of several analyst reports. Rosenblatt Securities reiterated a "buy" rating and issued a $811.00 price objective on shares of Meta Platforms in a report on Monday, January 27th. Morgan Stanley lowered their price objective on Meta Platforms from $660.00 to $615.00 and set an "overweight" rating for the company in a research report on Thursday. Jefferies Financial Group lowered their price target on shares of Meta Platforms from $725.00 to $600.00 and set a "buy" rating for the company in a report on Monday, April 7th. JMP Securities reissued a "market outperform" rating and issued a $750.00 target price on shares of Meta Platforms in a research note on Monday, January 27th. Finally, Oppenheimer lifted their price target on shares of Meta Platforms from $650.00 to $800.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $684.10.

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.