Javier Olivan Sells 413 Shares of Meta Platforms, Inc. (NASDAQ:META) Stock

Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan sold 413 shares of Meta Platforms stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $612.10, for a total value of $252,797.30. Following the transaction, the chief operating officer now directly owns 17,101 shares in the company, valued at approximately $10,467,522.10. This trade represents a 2.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, December 30th, Javier Olivan sold 413 shares of Meta Platforms stock. The shares were sold at an average price of $589.16, for a total transaction of $243,323.08.
• On Monday, December 23rd, Javier Olivan sold 413 shares of Meta Platforms stock. The shares were sold at an average price of $590.00, for a total transaction of $243,670.00.
• On Monday, December 16th, Javier Olivan sold 413 shares of Meta Platforms stock. The shares were sold at an average price of $629.56, for a total value of $260,008.28.
• On Monday, December 9th, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was sold at an average price of $623.50, for a total value of $257,505.50.
• On Monday, December 2nd, Javier Olivan sold 413 shares of Meta Platforms stock. The shares were sold at an average price of $577.49, for a total value of $238,503.37.
• On Monday, November 25th, Javier Olivan sold 413 shares of Meta Platforms stock. The shares were sold at an average price of $562.77, for a total transaction of $232,424.01.
• On Monday, November 18th, Javier Olivan sold 620 shares of Meta Platforms stock. The shares were sold at an average price of $557.00, for a total transaction of $345,340.00.
• On Friday, November 15th, Javier Olivan sold 4,891 shares of Meta Platforms stock. The shares were sold at an average price of $577.16, for a total value of $2,822,889.56.
• On Friday, November 1st, Javier Olivan sold 413 shares of Meta Platforms stock. The shares were sold at an average price of $567.58, for a total value of $234,410.54.
• On Friday, October 25th, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was sold at an average price of $574.16, for a total value of $237,128.08.

Meta Platforms Trading Down 1.2 %

Meta Platforms stock traded down $7.17 during mid-day trading on Wednesday, hitting $610.72. The stock had a trading volume of 10,067,187 shares, compared to its average volume of 12,162,989. The stock has a market capitalization of $1.54 trillion, a PE ratio of 28.77, a P/E/G ratio of 1.36 and a beta of 1.19. Meta Platforms, Inc. has a 12 month low of $355.36 and a 12 month high of $638.40. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.18. The stock has a 50-day simple moving average of $591.41 and a two-hundred day simple moving average of $551.33.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, topping the consensus estimate of $5.19 by $0.84. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. The company had revenue of $40.59 billion during the quarter, compared to analysts’ expectations of $40.21 billion. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 22.68 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a $0.50 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.33%. Meta Platforms’s dividend payout ratio is currently 9.42%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Truist Financial upped their price objective on shares of Meta Platforms from $650.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. The Goldman Sachs Group raised their price target on Meta Platforms from $555.00 to $636.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Raymond James restated a “strong-buy” rating and set a $675.00 target price on shares of Meta Platforms in a research note on Monday, November 25th. Guggenheim lifted their price target on Meta Platforms from $600.00 to $665.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Finally, Wedbush increased their price objective on Meta Platforms from $640.00 to $680.00 and gave the company an “outperform” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $645.80.

Institutional Investors Weigh In On Meta Platforms

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legacy Private Trust Co. increased its stake in shares of Meta Platforms by 5.4% in the 4th quarter. Legacy Private Trust Co. now owns 22,852 shares of the social networking company’s stock valued at $13,380,000 after acquiring an additional 1,168 shares during the last quarter. Private Client Services LLC increased its stake in Meta Platforms by 31.9% in the fourth quarter. Private Client Services LLC now owns 2,057 shares of the social networking company’s stock valued at $1,205,000 after purchasing an additional 497 shares in the last quarter. Hilltop Wealth Advisors LLC raised its holdings in Meta Platforms by 7.0% in the fourth quarter. Hilltop Wealth Advisors LLC now owns 446 shares of the social networking company’s stock worth $261,000 after purchasing an additional 29 shares during the period. Worth Asset Management LLC boosted its position in shares of Meta Platforms by 14.4% during the fourth quarter. Worth Asset Management LLC now owns 818 shares of the social networking company’s stock worth $479,000 after purchasing an additional 103 shares in the last quarter. Finally, Park National Corp OH increased its holdings in shares of Meta Platforms by 8.8% in the fourth quarter. Park National Corp OH now owns 7,057 shares of the social networking company’s stock worth $4,132,000 after acquiring an additional 572 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

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.