Javier Olivan Sells 490 Shares of Meta Platforms, Inc. (NASDAQ:META) 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 completion of the transaction, the chief operating officer now owns 9,049 shares of the company’s stock, valued at $4,587,843. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 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 stock was 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 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 transaction of $239,134.70.
• On Thursday, February 15th, Javier Olivan sold 7,556 shares of Meta Platforms stock. The shares were sold at an average price of $473.28, for a total transaction 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 transaction 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 shares were sold at an average price of $388.90, for a total value of $3,500,100.00.

Meta Platforms Stock Performance

Meta Platforms stock opened at $493.86 on Thursday. Meta Platforms, Inc. has a fifty-two week low of $197.90 and a fifty-two week high of $523.57. The firm’s 50 day simple moving average is $464.84 and its 200-day simple moving average is $375.30. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.67 and a quick ratio of 2.67. The company has a market cap of $1.26 trillion, a P/E ratio of 33.14, a price-to-earnings-growth ratio of 1.29 and a beta of 1.21.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Thursday, February 1st. The social networking company reported $5.33 EPS for the quarter, topping analysts’ consensus estimates of $4.82 by $0.51. The firm had revenue of $40.11 billion during the quarter, compared to analyst estimates of $39.12 billion. Meta Platforms had a return on equity of 29.48% and a net margin of 28.98%. The business’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same period last year, the company posted $3.00 EPS. As a group, equities research analysts predict that Meta Platforms, Inc. will post 19.94 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, February 22nd were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Wednesday, February 21st. Meta Platforms’s dividend payout ratio is currently 13.42%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Stone House Investment Management LLC lifted its stake in shares of Meta Platforms by 625.0% in the 3rd quarter. Stone House Investment Management LLC now owns 87 shares of the social networking company’s stock valued at $26,000 after purchasing an additional 75 shares during the last quarter. MBM Wealth Consultants LLC acquired a new position in shares of Meta Platforms during the fourth quarter valued at about $26,000. Stephens Investment Management Group LLC acquired a new stake in shares of Meta Platforms during the 2nd quarter worth approximately $30,000. Beaird Harris Wealth Management LLC raised its stake in shares of Meta Platforms by 68.9% in the third 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 in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Meta Platforms in the 4th quarter valued at $32,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on META shares. Oppenheimer boosted their price target on Meta Platforms from $385.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Meta Platforms from $450.00 to $525.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Mizuho lifted their price target on shares of Meta Platforms from $470.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Citigroup upped their price objective on shares of Meta Platforms from $440.00 to $525.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Morgan Stanley lifted their price objective on Meta Platforms from $375.00 to $550.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirty-nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $496.35.

About Meta Platforms

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.