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, May 12th. The stock was sold at an average price of $631.25, for a total transaction of $383,800.00. Following the transaction, the chief operating officer now owns 2,582 shares of the company's stock, valued at $1,629,887.50. This represents a 19.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, May 5th, Javier Olivan sold 608 shares of Meta Platforms stock. The stock was sold at an average price of $592.00, for a total transaction of $359,936.00.
• On Monday, April 28th, Javier Olivan sold 608 shares of Meta Platforms stock. The shares were sold at an average price of $555.54, for a total transaction of $337,768.32.
• On Monday, April 21st, Javier Olivan sold 406 shares of Meta Platforms stock. The shares were sold at an average price of $491.69, for a total value of $199,626.14.
• On Monday, April 14th, Javier Olivan sold 608 shares of Meta Platforms stock. The shares were sold at an average price of $556.45, for a total value 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 stock was sold at an average price of $563.03, for a total value 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 shares were sold at an average price of $607.50, for a total transaction 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 stock was sold at an average price of $673.96, for a total value of $409,767.68.

Meta Platforms Price Performance

Shares of Meta Platforms stock traded up $3.33 during trading on Wednesday, reaching $659.36. 12,322,206 shares of the stock traded hands, compared to its average volume of 14,502,623. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.98 and a quick ratio of 2.98. Meta Platforms, Inc. has a 52-week low of $442.65 and a 52-week high of $740.91. The business has a fifty day simple moving average of $569.09 and a two-hundred day simple moving average of $605.57. The company has a market capitalization of $1.67 trillion, a price-to-earnings ratio of 27.57, a P/E/G ratio of 1.42 and a beta of 1.24.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.33 by $1.10. Meta Platforms had a net margin of 37.91% and a return on equity of 38.17%. The company had revenue of $42.31 billion for the quarter, compared to the consensus estimate of $41.45 billion. During the same quarter in the prior year, the firm earned $4.71 earnings per share. Meta Platforms's revenue was up 16.1% on a year-over-year basis. Sell-side analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.32%. This is a positive change from Meta Platforms's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, March 14th. Meta Platforms's dividend payout ratio (DPR) is presently 8.19%.

Analyst Upgrades and Downgrades

META has been the subject of a number of recent research reports. TD Securities lowered their price objective on shares of Meta Platforms from $725.00 to $700.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Monness Crespi & Hardt boosted their price objective on shares of Meta Platforms from $775.00 to $780.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Evercore ISI increased their target price on shares of Meta Platforms from $725.00 to $750.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. JMP Securities reaffirmed a "market outperform" rating and set a $750.00 price target on shares of Meta Platforms in a research report on Wednesday, April 30th. Finally, The Goldman Sachs Group boosted their target price on Meta Platforms from $685.00 to $690.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $696.45.

Institutional Trading of Meta Platforms

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Regent Peak Wealth Advisors LLC boosted its position in Meta Platforms by 5.8% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 5,020 shares of the social networking company's stock valued at $2,939,000 after buying an additional 277 shares during the period. RMR Wealth Builders raised its position in Meta Platforms by 4.9% during the 4th quarter. RMR Wealth Builders now owns 11,830 shares of the social networking company's stock valued at $6,927,000 after purchasing an additional 556 shares in the last quarter. Matrix Trust Co purchased a new stake in shares of Meta Platforms in the 4th quarter worth $166,000. EWG Elevate Inc. grew its position in shares of Meta Platforms by 8.0% during the 4th quarter. EWG Elevate Inc. now owns 390 shares of the social networking company's stock worth $228,000 after buying an additional 29 shares in the last quarter. Finally, Fjell Capital LLC purchased a new position in shares of Meta Platforms during the fourth quarter valued at $1,836,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

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.

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