Meta Platforms, Inc. (NASDAQ:META – Get Free Report) COO Javier Olivan sold 490 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $445.93, for a total value of $218,505.70. Following the transaction, the chief operating officer now directly owns 6,109 shares in the company, valued at $2,724,186.37. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Javier Olivan also recently made the following trade(s):
- On Friday, April 26th, Javier Olivan sold 490 shares of Meta Platforms stock. The stock was 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 shares were 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 shares were sold at an average price of $486.75, for a total transaction 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 value of $248,430.00.
- On Friday, March 15th, Javier Olivan sold 490 shares of Meta Platforms stock. The shares were sold at an average price of $488.25, for a total value 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 value 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 shares were sold at an average price of $488.03, for a total transaction of $239,134.70.
Meta Platforms Stock Performance
Meta Platforms stock opened at $475.42 on Friday. Meta Platforms, Inc. has a fifty-two week low of $230.72 and a fifty-two 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 stock has a market cap 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’s fifty day moving average price is $489.80 and its 200-day moving average price is $412.20.
Hedge Funds Weigh In On Meta Platforms
Large investors have recently modified their holdings of the company. J.Safra Asset Management Corp purchased a new stake in Meta Platforms in the first quarter worth approximately $47,000. 1ST Source Bank grew its holdings in shares of Meta Platforms by 2.5% during the 1st quarter. 1ST Source Bank now owns 4,238 shares of the social networking company’s stock valued at $2,058,000 after purchasing an additional 105 shares during the last quarter. Horizon Family Wealth Inc. purchased a new position in Meta Platforms in the 1st quarter worth $266,000. GM Advisory Group LLC raised its position in Meta Platforms by 0.6% in the 1st quarter. GM Advisory Group LLC now owns 14,346 shares of the social networking company’s stock worth $6,966,000 after purchasing an additional 84 shares during the period. Finally, Nwam LLC lifted its stake in Meta Platforms by 71.4% in the first quarter. Nwam LLC now owns 26,222 shares of the social networking company’s stock worth $12,289,000 after purchasing an additional 10,923 shares during the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. Roth Mkm increased 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. Canaccord Genuity Group increased their price target on Meta Platforms from $450.00 to $540.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Benchmark reiterated a “hold” rating on shares of Meta Platforms in a report on Monday, April 22nd. Stifel Nicolaus lifted their target price on Meta Platforms from $527.00 to $588.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, TD Cowen reduced their price target on shares of Meta Platforms from $590.00 to $530.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $509.80.
Read Our Latest Report on META
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.
See Also
- Five stocks we like better than Meta Platforms
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- Roblox: The Bottom Just Fell Out of the Metaverse
- Retail Stocks Investing, Explained
- Airbnb Stock Plummets After Earnings, But is It a Buy?
- EV Stocks and How to Profit from Them
- Uber’s Earnings Drop Is Investors Opportunity
Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.