Meta Platforms, Inc. (NASDAQ:META) COO Sells $248,430.00 in Stock

Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan sold 490 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $507.00, for a total value of $248,430.00. Following the transaction, the chief operating officer now directly owns 9,049 shares in the company, valued at approximately $4,587,843. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Friday, March 15th, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were sold at an average price of $488.25, for a total value of $239,242.50.
• On Friday, March 8th, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were sold at an average price of $513.32, for a total value of $251,526.80.
• On Friday, March 1st, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were sold at an average price of $492.13, for a total value of $241,143.70.
• On Friday, February 23rd, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were sold at an average price of $488.03, for a total value of $239,134.70.
• On Thursday, February 15th, Javier Olivan sold 7,556 shares of Meta Platforms stock. The stock was sold at an average price of $473.28, for a total value of $3,576,103.68.
• On Monday, January 29th, Javier Olivan sold 6,500 shares of Meta Platforms stock. The stock was sold at an average price of $400.00, for a total value of $2,600,000.00.
• On Wednesday, January 24th, Javier Olivan sold 4,500 shares of Meta Platforms stock. The shares were sold at an average price of $395.00, for a total value of $1,777,500.00.
• On Monday, January 22nd, Javier Olivan sold 9,000 shares of Meta Platforms stock. The stock was sold at an average price of $388.90, for a total value of $3,500,100.00.

Meta Platforms Trading Down 1.7 %

META opened at $485.58 on Friday. The stock has a market cap of $1.24 trillion, a price-to-earnings ratio of 32.59, a P/E/G ratio of 1.28 and a beta of 1.21. The stock’s 50 day moving average price is $467.03 and its 200-day moving average price is $376.07. Meta Platforms, Inc. has a one year low of $202.54 and a one year high of $523.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.67 and a current ratio of 2.67.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.82 by $0.51. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The company had revenue of $40.11 billion for the quarter, compared to analysts’ expectations of $39.12 billion. During the same quarter in the prior year, the firm earned $3.00 earnings per share. Meta Platforms’s revenue was up 24.7% compared to the same quarter last year. On average, equities analysts forecast that Meta Platforms, Inc. will post 19.94 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, February 22nd were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.00 annualized dividend and a yield of 0.41%. Meta Platforms’s dividend payout ratio (DPR) is currently 13.42%.

Wall Street Analysts Forecast Growth

META has been the subject of a number of recent research reports. Evercore ISI lifted their price objective on Meta Platforms from $425.00 to $550.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Tigress Financial lifted their target price on Meta Platforms from $435.00 to $575.00 and gave the stock a “strong-buy” rating in a report on Friday, February 9th. KeyCorp lifted their target price on Meta Platforms from $465.00 to $575.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Wedbush lifted their target price on Meta Platforms from $420.00 to $520.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, UBS Group lifted their target price on Meta Platforms from $425.00 to $530.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $496.35.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MBM Wealth Consultants LLC purchased a new stake in Meta Platforms during the fourth quarter worth $26,000. Stone House Investment Management LLC lifted its holdings in Meta Platforms by 625.0% during the third quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock worth $26,000 after buying an additional 75 shares during the period. Stephens Investment Management Group LLC purchased a new stake in Meta Platforms during the second quarter worth $30,000. Beaird Harris Wealth Management LLC lifted its holdings in shares of Meta Platforms by 68.9% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company’s stock valued at $31,000 after purchasing an additional 42 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Meta Platforms during the 4th quarter valued at $32,000. 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.