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

Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan sold 413 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $618.00, for a total transaction of $255,234.00. Following the transaction, the chief operating officer now directly owns 16,275 shares in the company, valued at $10,057,950. The trade was a 2.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• 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 value 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 value 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 value 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 transaction 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 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 value 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 value 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.

Meta Platforms Stock Up 2.1 %

Shares of NASDAQ:META opened at $636.45 on Friday. The company’s fifty day moving average is $600.06 and its two-hundred day moving average is $559.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73. Meta Platforms, Inc. has a 1-year low of $385.66 and a 1-year high of $638.40. The stock has a market capitalization of $1.61 trillion, a price-to-earnings ratio of 29.98, a price-to-earnings-growth ratio of 1.16 and a beta of 1.19.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, October 30th. The social networking company reported $6.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.19 by $0.84. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. The firm had revenue of $40.59 billion for the quarter, compared to analysts’ expectations of $40.21 billion. Equities analysts anticipate that Meta Platforms, Inc. will post 22.96 EPS for the current 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. The ex-dividend date was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a yield of 0.31%. Meta Platforms’s payout ratio is currently 9.42%.

Institutional Investors Weigh In On Meta Platforms

Several large investors have recently added to or reduced their stakes in the stock. JDM Financial Group LLC bought a new position in shares of Meta Platforms during the third quarter worth about $30,000. Safe Harbor Fiduciary LLC bought a new position in Meta Platforms in the 3rd quarter worth about $36,000. Avondale Wealth Management acquired a new stake in shares of Meta Platforms in the fourth quarter valued at approximately $41,000. Halpern Financial Inc. bought a new stake in shares of Meta Platforms during the third quarter valued at approximately $46,000. Finally, West Financial Advisors LLC acquired a new position in shares of Meta Platforms during the third quarter worth approximately $49,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Roth Mkm lifted their price objective on Meta Platforms from $620.00 to $635.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. TD Cowen boosted their price objective on shares of Meta Platforms from $600.00 to $675.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Citigroup increased their price objective on shares of Meta Platforms from $645.00 to $705.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. KeyCorp lifted their target price on shares of Meta Platforms from $655.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Finally, Cantor Fitzgerald lowered their price target on Meta Platforms from $730.00 to $720.00 and set an “overweight” rating for the company in a report on Wednesday. Two equities research 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $654.20.

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.