Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan Sells 490 Shares

Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan sold 490 shares of the stock in a transaction 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 transaction, the chief operating officer now owns 6,109 shares of the company’s stock, valued at approximately $2,724,186.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 value of $216,354.60.
• On Friday, April 19th, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were 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 value of $238,507.50.
• On Friday, March 22nd, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were 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 stock was 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 value 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 Price Performance

Shares of META traded up $2.56 during trading hours on Tuesday, reaching $468.24. 13,382,768 shares of the company traded hands, compared to its average volume of 18,298,424. The stock has a market capitalization of $1.19 trillion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 1.18 and a beta of 1.21. The stock has a fifty day simple moving average of $490.40 and a 200 day simple moving average of $410.65. Meta Platforms, Inc. has a fifty-two week low of $230.27 and a fifty-two week high of $531.49. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.12.

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

Institutional Investors Weigh In On Meta Platforms

Several hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. lifted its position in Meta Platforms by 134.1% during the first quarter. Meeder Asset Management Inc. now owns 94,624 shares of the social networking company’s stock worth $45,948,000 after buying an additional 54,198 shares during the period. NorthRock Partners LLC boosted its holdings in Meta Platforms by 16.2% in the first quarter. NorthRock Partners LLC now owns 17,312 shares of the social networking company’s stock valued at $8,406,000 after acquiring an additional 2,410 shares during the last quarter. Choate Investment Advisors grew its position in Meta Platforms by 0.7% during the first quarter. Choate Investment Advisors now owns 26,862 shares of the social networking company’s stock valued at $13,044,000 after acquiring an additional 184 shares during the period. Sfmg LLC increased its stake in Meta Platforms by 3.1% during the first quarter. Sfmg LLC now owns 11,150 shares of the social networking company’s stock worth $5,414,000 after acquiring an additional 337 shares during the last quarter. Finally, American Planning Services Inc. lifted its stake in shares of Meta Platforms by 6.8% in the 1st quarter. American Planning Services Inc. now owns 1,092 shares of the social networking company’s stock valued at $530,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

META has been the topic of a number of analyst reports. Tigress Financial lifted their price target on Meta Platforms from $435.00 to $575.00 and gave the company a “strong-buy” rating in a report on Friday, February 9th. Rosenblatt Securities raised their price objective on shares of Meta Platforms from $520.00 to $562.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. KeyCorp decreased their target price on shares of Meta Platforms from $575.00 to $555.00 and set an “overweight” rating for the company in a research note on Monday, April 22nd. Roth Mkm raised their price target on shares of Meta Platforms from $500.00 to $510.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $545.00 price objective (down previously from $600.00) on shares of Meta Platforms in a research report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $509.80.

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.