Javier Olivan Sells 517 Shares of Meta Platforms (NASDAQ:META) Stock

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $650.41, for a total transaction of $336,261.97. Following the completion of the sale, the chief operating officer directly owned 11,683 shares of the company’s stock, valued at $7,598,740.03. The trade was a 4.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Monday, December 29th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $658.14, for a total value of $340,258.38.
  • On Monday, December 22nd, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $661.11, for a total value of $341,793.87.
  • On Monday, December 15th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $646.00, for a total value of $333,982.00.
  • On Monday, December 8th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $669.63, for a total value of $346,198.71.
  • On Monday, December 1st, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $639.03, for a total transaction of $330,378.51.
  • On Monday, November 24th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $598.54, for a total transaction of $309,445.18.
  • On Monday, November 17th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $604.23, for a total transaction of $312,386.91.
  • On Saturday, November 15th, Javier Olivan sold 2,610 shares of Meta Platforms stock. The stock was sold at an average price of $609.46, for a total transaction of $1,590,690.60.
  • On Monday, November 10th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $631.00, for a total transaction of $326,227.00.
  • On Monday, November 3rd, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $656.00, for a total transaction of $339,152.00.

Meta Platforms Trading Down 0.4%

META stock opened at $646.06 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.63 trillion, a price-to-earnings ratio of 28.54, a PEG ratio of 1.28 and a beta of 1.29. The business has a fifty day simple moving average of $641.17 and a 200-day simple moving average of $703.93. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. The firm had revenue of $51.24 billion during the quarter, compared to the consensus estimate of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.03 earnings per share. On average, equities research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 15th were issued a $0.525 dividend. The ex-dividend date was Monday, December 15th. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is presently 9.28%.

Institutional Investors Weigh In On Meta Platforms

A number of large investors have recently modified their holdings of the business. Westchester Capital Management Inc. bought a new position in Meta Platforms in the third quarter valued at about $26,000. Bare Financial Services Inc acquired a new stake in shares of Meta Platforms in the 2nd quarter valued at approximately $30,000. Evergreen Private Wealth LLC grew its holdings in shares of Meta Platforms by 237.5% during the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock valued at $40,000 after purchasing an additional 38 shares during the last quarter. Briaud Financial Planning Inc acquired a new position in Meta Platforms during the 2nd quarter worth approximately $42,000. Finally, Knuff & Co LLC bought a new position in Meta Platforms in the 2nd quarter valued at approximately $44,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms News Summary

Here are the key news stories impacting Meta Platforms this week:

Analyst Ratings Changes

A number of equities analysts have recently commented on META shares. Wedbush cut their target price on shares of Meta Platforms from $920.00 to $880.00 and set an “outperform” rating on the stock in a research note on Friday, December 19th. Roth Capital reiterated a “buy” rating on shares of Meta Platforms in a report on Thursday, October 30th. Guggenheim reduced their price objective on Meta Platforms from $875.00 to $800.00 and set a “buy” rating on the stock in a research note on Thursday. Benchmark lowered Meta Platforms from a “buy” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, Jefferies Financial Group dropped their target price on Meta Platforms from $950.00 to $910.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $822.89.

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Meta Platforms Company Profile

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Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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