Meta Platforms, Inc. (NASDAQ:META) COO Sells $218,505.70 in Stock

Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan sold 490 shares of Meta Platforms stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $445.93, for a total transaction of $218,505.70. Following the completion of the transaction, the chief operating officer now owns 6,109 shares of the company’s stock, valued at approximately $2,724,186.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, April 26th, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were sold at an average price of $441.54, for a total transaction of $216,354.60.
• On Friday, April 19th, Javier Olivan sold 490 shares of Meta Platforms stock. The stock was sold at an average price of $501.18, for a total value of $245,578.20.
• On Friday, April 12th, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were sold at an average price of $517.75, for a total value of $253,697.50.
• On Friday, April 5th, Javier Olivan sold 490 shares of Meta Platforms stock. The stock was sold at an average price of $516.51, for a total value of $253,089.90.
• On Monday, April 1st, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were sold at an average price of $486.75, for a total value of $238,507.50.
• On Friday, March 22nd, Javier Olivan sold 490 shares of Meta Platforms stock. The stock was sold at an average price of $507.00, for a total transaction of $248,430.00.
• On Friday, March 15th, Javier Olivan sold 490 shares of Meta Platforms stock. The stock was sold at an average price of $488.25, for a total transaction 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 transaction of $251,526.80.
• On Friday, March 1st, Javier Olivan sold 490 shares of Meta Platforms stock. The stock was sold at an average price of $492.13, for a total transaction of $241,143.70.
• On Friday, February 23rd, Javier Olivan sold 490 shares of Meta Platforms stock. The stock was sold at an average price of $488.03, for a total value of $239,134.70.

Meta Platforms Stock Performance

NASDAQ:META opened at $475.42 on Friday. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $1.21 trillion, a P/E ratio of 27.31, a price-to-earnings-growth ratio of 1.18 and a beta of 1.21. The firm has a 50-day moving average price of $489.80 and a two-hundred day moving average price of $412.20. Meta Platforms, Inc. has a twelve month low of $230.72 and a twelve month high of $531.49.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, topping analysts’ consensus estimates of $4.32 by $0.39. The business had revenue of $36.46 billion during the quarter, compared to analysts’ expectations of $36.28 billion. Meta Platforms had a net margin of 32.06% and a return on equity of 32.03%. As a group, research analysts expect that Meta Platforms, Inc. will post 20.1 earnings per share for the current fiscal year.

Institutional Trading of Meta Platforms

A number of large investors have recently made changes to their positions in the stock. Daiwa Securities Group Inc. lifted its stake in shares of Meta Platforms by 7.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 451,581 shares of the social networking company’s stock valued at $159,841,000 after buying an additional 32,423 shares during the period. Bank of Stockton boosted its holdings in shares of Meta Platforms by 9.2% during the fourth quarter. Bank of Stockton now owns 4,743 shares of the social networking company’s stock worth $1,819,000 after purchasing an additional 400 shares during the last quarter. Signify Wealth purchased a new stake in shares of Meta Platforms in the fourth quarter valued at $228,000. Illinois Municipal Retirement Fund increased its stake in Meta Platforms by 1.8% in the fourth quarter. Illinois Municipal Retirement Fund now owns 223,788 shares of the social networking company’s stock valued at $79,212,000 after purchasing an additional 4,025 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. lifted its position in Meta Platforms by 1.5% during the fourth quarter. Investment Research & Advisory Group Inc. now owns 10,962 shares of the social networking company’s stock worth $3,880,000 after buying an additional 164 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on META shares. Morgan Stanley boosted their target price on Meta Platforms from $375.00 to $550.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Needham & Company LLC restated an “underperform” rating on shares of Meta Platforms in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Meta Platforms from $540.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Rosenblatt Securities boosted their price target on shares of Meta Platforms from $520.00 to $562.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Finally, JMP Securities reiterated a “market outperform” rating and set a $550.00 target price on shares of Meta Platforms in a research report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $509.80.

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.