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 on Monday, January 27th. The shares were sold at an average price of $627.59, for a total value of $259,194.67. Following the completion of the transaction, the chief operating officer now owns 15,862 shares of the company’s stock, valued at approximately $9,954,832.58. This trade represents a 2.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, January 21st, Javier Olivan sold 413 shares of Meta Platforms stock. The shares were sold at an average price of $618.00, for a total value of $255,234.00.
• On Monday, January 13th, Javier Olivan sold 413 shares of Meta Platforms stock. The shares were sold at an average price of $606.77, for a total transaction of $250,596.01.
• On Monday, January 6th, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was sold at an average price of $612.10, for a total transaction of $252,797.30.
• On Monday, December 30th, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was 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 value of $243,670.00.
• On Monday, December 16th, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was 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 shares were 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 stock was sold at an average price of $577.49, for a total transaction 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.

Meta Platforms Price Performance

Meta Platforms stock opened at $676.49 on Thursday. The firm has a market capitalization of $1.71 trillion, a PE ratio of 31.86, a P/E/G ratio of 1.18 and a beta of 1.19. Meta Platforms, Inc. has a 52 week low of $387.10 and a 52 week high of $682.58. The firm’s 50-day simple moving average is $608.52 and its 200 day simple moving average is $563.58. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 EPS for the quarter, beating the consensus estimate of $6.75 by $1.27. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. During the same period last year, the firm earned $5.33 EPS. On average, equities research analysts predict that Meta Platforms, Inc. will post 22.96 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend was Monday, December 16th. Meta Platforms’s payout ratio is currently 9.42%.

Wall Street Analysts Forecast Growth

META has been the topic of a number of research analyst reports. Guggenheim lifted their target price on Meta Platforms from $600.00 to $665.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Jefferies Financial Group boosted their price objective on Meta Platforms from $675.00 to $715.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Arete Research upgraded shares of Meta Platforms to a “hold” rating in a research report on Friday, January 24th. UBS Group lifted their target price on shares of Meta Platforms from $690.00 to $719.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Monness Crespi & Hardt increased their price target on shares of Meta Platforms from $620.00 to $660.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average price target of $655.41.

Institutional Trading of Meta Platforms

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ballentine Partners LLC grew its holdings in shares of Meta Platforms by 1.4% during the fourth quarter. Ballentine Partners LLC now owns 58,218 shares of the social networking company’s stock worth $34,087,000 after buying an additional 808 shares in the last quarter. UMB Bank n.a. grew its stake in Meta Platforms by 0.6% in the 4th quarter. UMB Bank n.a. now owns 140,585 shares of the social networking company’s stock worth $82,314,000 after acquiring an additional 897 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Meta Platforms by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,827,565 shares of the social networking company’s stock valued at $7,915,451,000 after acquiring an additional 118,298 shares during the last quarter. LS Investment Advisors LLC lifted its stake in shares of Meta Platforms by 111.4% during the 3rd quarter. LS Investment Advisors LLC now owns 11,679 shares of the social networking company’s stock worth $6,686,000 after purchasing an additional 6,155 shares during the period. Finally, Cutter & CO Brokerage Inc. boosted its holdings in shares of Meta Platforms by 0.7% during the third quarter. Cutter & CO Brokerage Inc. now owns 9,735 shares of the social networking company’s stock worth $5,573,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company’s stock.

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.