Meta Platforms (NASDAQ:META) COO Javier Olivan Sells 1,258 Shares of Stock

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) COO Javier Olivan sold 1,258 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $600.00, for a total transaction of $754,800.00. Following the transaction, the chief operating officer owned 1,517 shares in the company, valued at $910,200. The trade was a 45.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Monday, July 27th, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $607.85, for a total transaction of $382,337.65.
  • On Monday, July 27th, Javier Olivan sold 837 shares of Meta Platforms stock. The stock was sold at an average price of $607.85, for a total value of $508,770.45.
  • On Monday, July 20th, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $645.85, for a total value of $406,239.65.
  • On Monday, July 20th, Javier Olivan sold 837 shares of Meta Platforms stock. The stock was sold at an average price of $645.85, for a total value of $540,576.45.
  • On Monday, July 6th, Javier Olivan sold 1,887 shares of Meta Platforms stock. The stock was sold at an average price of $600.62, for a total transaction of $1,133,369.94.
  • On Monday, July 6th, Javier Olivan sold 3,348 shares of Meta Platforms stock. The shares were sold at an average price of $600.97, for a total value of $2,012,047.56.
  • On Monday, June 15th, Javier Olivan sold 1,258 shares of Meta Platforms stock. The stock was sold at an average price of $600.00, for a total value of $754,800.00.
  • On Monday, June 15th, Javier Olivan sold 140 shares of Meta Platforms stock. The shares were sold at an average price of $600.00, for a total transaction of $84,000.00.
  • On Monday, June 1st, Javier Olivan sold 629 shares of Meta Platforms stock. The stock was sold at an average price of $629.29, for a total value of $395,823.41.
  • On Monday, June 1st, Javier Olivan sold 837 shares of Meta Platforms stock. The stock was sold at an average price of $629.29, for a total value of $526,715.73.

Meta Platforms Stock Down 3.4%

Shares of META traded down $20.27 on Wednesday, hitting $578.85. The company’s stock had a trading volume of 16,115,411 shares, compared to its average volume of 16,827,484. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.32. The firm’s fifty day moving average price is $596.66 and its 200-day moving average price is $621.07. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $796.25. The firm has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 21.80, a P/E/G ratio of 1.02 and a beta of 1.25.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its earnings results on Wednesday, July 29th. The social networking company reported $6.18 EPS for the quarter, missing the consensus estimate of $7.19 by ($1.01). The company had revenue of $60.80 billion for the quarter, compared to analyst estimates of $60.22 billion. Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.The business’s quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter last year, the business posted $7.14 earnings per share. On average, equities research analysts expect that Meta Platforms, Inc. will post 28.5 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. Meta Platforms’s dividend payout ratio is presently 7.91%.

Wall Street Analysts Forecast Growth

META has been the subject of several recent research reports. Rothschild & Co Redburn upped their price objective on Meta Platforms from $900.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada restated an “outperform” rating and issued a $810.00 target price on shares of Meta Platforms in a research note on Monday, June 1st. Benchmark started coverage on Meta Platforms in a research report on Tuesday, June 2nd. They set a “buy” rating for the company. Weiss Ratings cut shares of Meta Platforms from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. Finally, Truist Financial reduced their target price on shares of Meta Platforms from $840.00 to $770.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $785.32.

Read Our Latest Analysis on Meta Platforms

Key Stories Impacting Meta Platforms

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Auto Owners Insurance Co increased its stake in shares of Meta Platforms by 76,587.7% during the 4th quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company’s stock worth $69,502,379,000 after purchasing an additional 105,154,977 shares during the last quarter. Norges Bank acquired a new stake in Meta Platforms in the 4th quarter valued at about $22,152,075,000. Vanguard Group Inc. grew its holdings in Meta Platforms by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock worth $132,015,115,000 after purchasing an additional 7,269,279 shares during the period. Corient Private Wealth LLC grew its holdings in Meta Platforms by 488.1% during the fourth quarter. Corient Private Wealth LLC now owns 5,466,595 shares of the social networking company’s stock worth $3,608,445,000 after purchasing an additional 4,537,076 shares during the period. Finally, State Street Corp increased its position in Meta Platforms by 5.1% during the fourth quarter. State Street Corp now owns 90,841,345 shares of the social networking company’s stock worth $59,963,463,000 after buying an additional 4,395,763 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

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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