Meta Platforms (NASDAQ:META) COO Sells $342,869.23 in Stock

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) COO Javier Olivan sold 517 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $663.19, for a total value of $342,869.23. Following the completion of the sale, the chief operating officer owned 9,098 shares in the company, valued at approximately $6,033,702.62. This represents a 5.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Monday, February 2nd, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $714.60, for a total transaction of $369,448.20.
  • On Monday, January 26th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $665.00, for a total transaction of $343,805.00.
  • On Tuesday, January 20th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $608.35, for a total transaction of $314,516.95.
  • On Monday, January 12th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $653.00, for a total value of $337,601.00.
  • On Monday, January 5th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $650.41, for a total value of $336,261.97.
  • 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 transaction 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 transaction of $333,982.00.
  • On Monday, December 8th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $669.63, for a total transaction of $346,198.71.
  • On Monday, December 1st, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $639.03, for a total transaction of $330,378.51.

Meta Platforms Price Performance

Shares of META traded down $2.03 during mid-day trading on Wednesday, hitting $668.69. 14,290,605 shares of the company were exchanged, compared to its average volume of 17,304,572. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.60 and a current ratio of 2.60. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The stock has a market cap of $1.69 trillion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 1.16 and a beta of 1.28. The company has a 50 day moving average of $657.96 and a 200-day moving average of $694.43.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its earnings results on Wednesday, January 28th. The social networking company reported $8.88 EPS for the quarter, beating analysts’ consensus estimates of $8.16 by $0.72. The business had revenue of $59.89 billion during the quarter, compared to analysts’ expectations of $58.33 billion. Meta Platforms had a return on equity of 38.61% and a net margin of 30.08%.The business’s revenue was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.02 earnings per share. Analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 15th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, December 15th. Meta Platforms’s payout ratio is 8.94%.

More Meta Platforms News

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

Institutional Investors Weigh In On Meta Platforms

Several hedge funds and other institutional investors have recently added to or reduced their stakes in META. Vanguard Group Inc. raised its stake in shares of Meta Platforms by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock valued at $132,015,115,000 after acquiring an additional 7,269,279 shares during the period. State Street Corp boosted its position in shares of Meta Platforms by 1.9% during the 2nd quarter. State Street Corp now owns 86,925,674 shares of the social networking company’s stock worth $64,158,971,000 after purchasing an additional 1,650,435 shares during the period. Geode Capital Management LLC increased its holdings in Meta Platforms by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 52,806,712 shares of the social networking company’s stock valued at $34,734,628,000 after purchasing an additional 878,396 shares during the last quarter. Capital World Investors raised its position in Meta Platforms by 0.8% in the fourth quarter. Capital World Investors now owns 39,558,637 shares of the social networking company’s stock valued at $26,112,735,000 after purchasing an additional 310,947 shares during the period. Finally, Norges Bank purchased a new stake in Meta Platforms in the fourth quarter valued at approximately $22,152,075,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Argus reissued a “buy” rating and issued a $800.00 price target on shares of Meta Platforms in a research note on Monday, February 2nd. Raymond James Financial decreased their target price on shares of Meta Platforms from $825.00 to $800.00 and set a “strong-buy” rating on the stock in a research note on Monday, January 26th. Stifel Nicolaus boosted their target price on Meta Platforms from $785.00 to $820.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Citigroup restated an “outperform” rating on shares of Meta Platforms in a research report on Thursday, January 29th. Finally, Jefferies Financial Group lifted their price objective on Meta Platforms from $910.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Three investment analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $845.50.

Get Our Latest Stock Analysis on Meta Platforms

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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Insider Buying and Selling by Quarter for Meta Platforms (NASDAQ:META)

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