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

Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan sold 413 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $676.00, for a total value of $279,188.00. Following the completion of the sale, the chief operating officer now owns 15,449 shares in the company, valued at approximately $10,443,524. This trade represents a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, January 27th, Javier Olivan sold 413 shares of Meta Platforms stock. The shares were sold at an average price of $627.59, for a total value of $259,194.67.
• On Tuesday, January 21st, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was sold at an average price of $618.00, for a total transaction of $255,234.00.
• On Monday, January 13th, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was 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 shares were 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 shares were sold at an average price of $589.16, for a total value of $243,323.08.
• On Monday, December 23rd, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was 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 transaction 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 transaction of $238,503.37.
• On Monday, November 25th, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was sold at an average price of $562.77, for a total transaction of $232,424.01.

Meta Platforms Stock Performance

NASDAQ:META opened at $711.99 on Friday. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1.80 trillion, a P/E ratio of 29.77, a P/E/G ratio of 1.47 and a beta of 1.20. The company has a fifty day moving average of $624.43 and a 200-day moving average of $572.13. Meta Platforms, Inc. has a twelve month low of $414.50 and a twelve month high of $718.90.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data 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 return on equity of 38.17% and a net margin of 37.91%. During the same quarter in the prior year, the business earned $5.33 earnings per share. As a group, sell-side analysts anticipate that Meta Platforms, Inc. will post 25.94 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were issued a $0.50 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.28%. Meta Platforms’s dividend payout ratio is presently 8.36%.

Hedge Funds Weigh In On Meta Platforms

A number of hedge funds have recently bought and sold shares of META. JDM Financial Group LLC bought a new position in shares of Meta Platforms in the third quarter valued at approximately $30,000. Safe Harbor Fiduciary LLC bought a new position in Meta Platforms during the third quarter valued at $36,000. Avondale Wealth Management purchased a new stake in Meta Platforms in the 4th quarter worth about $41,000. West Financial Advisors LLC purchased a new position in shares of Meta Platforms in the third quarter worth about $49,000. Finally, Cordant Inc. bought a new position in Meta Platforms in the 4th quarter worth approximately $59,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on META. Mizuho boosted their price target on Meta Platforms from $675.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Rosenblatt Securities restated a “buy” rating and issued a $811.00 price target on shares of Meta Platforms in a research note on Monday, January 27th. Needham & Company LLC reaffirmed an “underperform” rating on shares of Meta Platforms in a research report on Monday, January 27th. KeyCorp increased their price objective on shares of Meta Platforms from $700.00 to $750.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, Arete Research upgraded shares of Meta Platforms to a “hold” rating in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and an average target price of $710.83.

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.