Meta Platforms, Inc. (NASDAQ:META) COO Sells $206,824.00 in Stock

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 412 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $502.00, for a total transaction of $206,824.00. Following the sale, the chief operating officer now owns 7,619 shares of the company's stock, valued at $3,824,738. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, June 13th, Javier Olivan sold 412 shares of Meta Platforms stock. The shares were sold at an average price of $505.75, for a total value of $208,369.00.
• On Thursday, June 6th, Javier Olivan sold 412 shares of Meta Platforms stock. The stock was 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 stock was sold at an average price of $471.67, for a total value 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 stock was 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 value 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 shares were sold at an average price of $516.51, for a total transaction of $253,089.90.

Meta Platforms Price Performance

Meta Platforms stock traded up $4.13 during midday trading on Monday, reaching $498.91. 13,510,753 shares of the stock were exchanged, compared to its average volume of 16,601,334. Meta Platforms, Inc. has a 52 week low of $274.38 and a 52 week high of $531.49. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.68. The firm has a market cap of $1.27 trillion, a PE ratio of 28.66, a PEG ratio of 1.30 and a beta of 1.21. The company's fifty day moving average is $478.58 and its 200-day moving average is $450.54.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, topping the consensus estimate of $4.32 by $0.39. The firm had revenue of $36.46 billion for 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%. On average, sell-side analysts forecast that Meta Platforms, Inc. will post 20.16 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Friday, June 14th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.40%. Meta Platforms's dividend payout ratio (DPR) is presently 11.49%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of META. S.A. Mason LLC increased its stake in Meta Platforms by 1.5% in the 1st quarter. S.A. Mason LLC now owns 1,328 shares of the social networking company's stock worth $645,000 after acquiring an additional 20 shares during the last quarter. Horizon Bancorp Inc. IN increased its position in Meta Platforms by 2.0% in the first quarter. Horizon Bancorp Inc. IN now owns 1,057 shares of the social networking company's stock worth $513,000 after purchasing an additional 21 shares during the last quarter. Northern Capital Management Inc. raised its stake in Meta Platforms by 3.4% during the first quarter. Northern Capital Management Inc. now owns 647 shares of the social networking company's stock valued at $314,000 after purchasing an additional 21 shares in the last quarter. LongView Wealth Management lifted its position in Meta Platforms by 1.3% during the first quarter. LongView Wealth Management now owns 1,762 shares of the social networking company's stock valued at $856,000 after purchasing an additional 22 shares during the last quarter. Finally, Hanson & Doremus Investment Management grew its stake in shares of Meta Platforms by 5.3% in the 1st quarter. Hanson & Doremus Investment Management now owns 435 shares of the social networking company's stock worth $211,000 after buying an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Wall Street Analyst Weigh In

META has been the topic of a number of recent research reports. Roth Mkm raised their price objective on shares of Meta Platforms from $500.00 to $510.00 and gave the company a "buy" rating in a research note on Thursday, April 25th. Citigroup decreased their price objective on Meta Platforms from $590.00 to $550.00 and set a "buy" rating for the company in a report on Thursday, April 25th. Royal Bank of Canada dropped their target price on Meta Platforms from $600.00 to $570.00 and set an "outperform" rating on the stock in a report on Thursday, April 25th. Canaccord Genuity Group cut their target price on Meta Platforms from $610.00 to $575.00 and set a "buy" rating on the stock in a research report on Thursday, April 25th. Finally, UBS Group lowered their price target on Meta Platforms from $610.00 to $575.00 and set a "buy" rating for the company in a research report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $510.05.

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.