Javier Olivan Sells 412 Shares of Meta Platforms, Inc. (NASDAQ:META) Stock

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 412 shares of the business's stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $505.75, for a total value of $208,369.00. Following the completion of the transaction, the chief operating officer now owns 8,031 shares of the company's stock, valued at $4,061,678.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, June 6th, Javier Olivan sold 412 shares of Meta Platforms stock. The shares were sold at an average price of $492.98, for a total value of $203,107.76.
• On Thursday, May 30th, Javier Olivan sold 412 shares of Meta Platforms stock. The shares were sold at an average price of $471.67, for a total transaction of $194,328.04.
• On Thursday, May 23rd, Javier Olivan sold 412 shares of Meta Platforms stock. The shares were sold at an average price of $472.70, for a total transaction of $194,752.40.
• On Wednesday, May 15th, Javier Olivan sold 4,911 shares of Meta Platforms stock. The shares were sold at an average price of $471.85, for a total transaction of $2,317,255.35.
• On Friday, May 3rd, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were sold at an average price of $445.93, for a total transaction of $218,505.70.
• 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 transaction of $245,578.20.
• On Friday, April 12th, Javier Olivan sold 490 shares of Meta Platforms stock. The stock was sold at an average price of $517.75, for a total transaction 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 transaction of $253,089.90.
• On Monday, April 1st, Javier Olivan sold 490 shares of Meta Platforms stock. The stock was sold at an average price of $486.75, for a total transaction of $238,507.50.

Meta Platforms Price Performance

Shares of Meta Platforms stock traded up $2.47 on Monday, hitting $506.63. The company had a trading volume of 11,245,824 shares, compared to its average volume of 16,643,670. The business has a 50-day simple moving average of $480.14 and a 200-day simple moving average of $444.30. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.68 and a quick ratio of 2.68. The company has a market cap of $1.29 trillion, a PE ratio of 29.10, a PEG ratio of 1.31 and a beta of 1.21. Meta Platforms, Inc. has a 52 week low of $274.38 and a 52 week high of $531.49.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Research analysts expect that Meta Platforms, Inc. will post 20.16 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Friday, June 14th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Friday, June 14th. Meta Platforms's payout ratio is 11.49%.

Analysts Set New Price Targets

META has been the subject of a number of research reports. Wolfe Research decreased their price target on shares of Meta Platforms from $530.00 to $500.00 and set an "outperform" rating for the company in a research report on Thursday, April 25th. Loop Capital decreased their price target on shares of Meta Platforms from $555.00 to $550.00 and set a "buy" rating for the company in a research report on Wednesday, May 1st. Barclays decreased their price objective on shares of Meta Platforms from $550.00 to $520.00 and set an "overweight" rating for the company in a research report on Thursday, April 25th. Robert W. Baird decreased their price objective on shares of Meta Platforms from $525.00 to $500.00 and set an "outperform" rating for the company in a research report on Thursday, April 25th. Finally, Citigroup decreased their price objective on shares of Meta Platforms from $590.00 to $550.00 and set a "buy" rating for the company in a research report on Thursday, April 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $510.41.

Institutional Trading of Meta Platforms

Large investors have recently added to or reduced their stakes in the business. Stone House Investment Management LLC boosted 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 in the last quarter. Beaird Harris Wealth Management LLC lifted its position in shares of Meta Platforms by 68.9% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 103 shares of the social networking company's stock valued at $31,000 after acquiring an additional 42 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Meta Platforms in the 4th quarter valued at approximately $32,000. Clear Investment Research LLC lifted its position in shares of Meta Platforms by 411.1% in the 4th quarter. Clear Investment Research LLC now owns 92 shares of the social networking company's stock valued at $33,000 after acquiring an additional 74 shares in the last quarter. Finally, Delos Wealth Advisors LLC lifted its position in shares of Meta Platforms by 527.3% in the 1st quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company's stock valued at $34,000 after acquiring an additional 58 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors.

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.