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 that occurred on Monday, January 13th. The stock was sold at an average price of $606.77, for a total transaction of $250,596.01. Following the completion of the transaction, the chief operating officer now directly owns 16,688 shares of the company’s stock, valued at $10,125,777.76. This trade represents a 2.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 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 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 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 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.
• On Monday, November 18th, Javier Olivan sold 620 shares of Meta Platforms stock. The stock was 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 stock was sold at an average price of $567.58, for a total value of $234,410.54.

Meta Platforms Stock Performance

Shares of META opened at $611.30 on Friday. Meta Platforms, Inc. has a 12-month low of $358.61 and a 12-month high of $638.40. The stock has a market cap of $1.54 trillion, a P/E ratio of 28.79, a PEG ratio of 1.22 and a beta of 1.19. 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 company has a 50-day moving average of $595.92 and a two-hundred day moving average of $555.25.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.19 by $0.84. The firm had revenue of $40.59 billion during the quarter, compared to the consensus estimate of $40.21 billion. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. As a group, research analysts predict that Meta Platforms, Inc. will post 22.68 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 0.33%. The ex-dividend date was Monday, December 16th. Meta Platforms’s payout ratio is currently 9.42%.

Institutional Trading of Meta Platforms

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fiera Capital Corp raised its holdings in Meta Platforms by 35.1% in the 2nd quarter. Fiera Capital Corp now owns 27,272 shares of the social networking company’s stock valued at $13,751,000 after acquiring an additional 7,089 shares during the last quarter. Valley Wealth Managers Inc. increased its stake in Meta Platforms by 31.0% in the second quarter. Valley Wealth Managers Inc. now owns 1,047 shares of the social networking company’s stock valued at $528,000 after purchasing an additional 248 shares during the last quarter. RS Crum Inc. lifted its position in Meta Platforms by 11.1% during the second quarter. RS Crum Inc. now owns 1,062 shares of the social networking company’s stock worth $536,000 after buying an additional 106 shares during the period. Client 1ST Advisory Group LLC boosted its stake in Meta Platforms by 6.2% in the 2nd quarter. Client 1ST Advisory Group LLC now owns 2,187 shares of the social networking company’s stock worth $1,103,000 after buying an additional 127 shares during the last quarter. Finally, SYM FINANCIAL Corp grew its holdings in Meta Platforms by 52.1% in the 2nd quarter. SYM FINANCIAL Corp now owns 2,251 shares of the social networking company’s stock valued at $1,135,000 after buying an additional 771 shares during the period. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on META. Rosenblatt Securities reiterated a “buy” rating and set a $811.00 price objective on shares of Meta Platforms in a research note on Thursday, October 31st. JPMorgan Chase & Co. increased their target price on Meta Platforms from $660.00 to $725.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Guggenheim raised their price objective on Meta Platforms from $600.00 to $665.00 and gave the company a “buy” rating in a report on Monday, October 7th. Wells Fargo & Company lifted their target price on shares of Meta Platforms from $641.00 to $685.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Stifel Nicolaus raised their target price on Meta Platforms from $590.00 to $663.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus target price of $650.05.

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.