Javier Olivan Sells 412 Shares of Meta Platforms, Inc. (NASDAQ:META) Stock

Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan sold 412 shares of the business’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $530.81, for a total value of $218,693.72. Following the completion of the transaction, the chief operating officer now directly owns 6,383 shares in the company, valued at approximately $3,388,160.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, July 5th, Javier Olivan sold 412 shares of Meta Platforms stock. The shares were sold at an average price of $512.00, for a total transaction of $210,944.00.
• On Thursday, June 27th, Javier Olivan sold 412 shares of Meta Platforms stock. The shares were sold at an average price of $514.41, for a total transaction of $211,936.92.
• On Thursday, June 20th, Javier Olivan sold 412 shares of Meta Platforms stock. The shares were sold at an average price of $502.00, for a total transaction of $206,824.00.
• On Thursday, June 13th, Javier Olivan sold 412 shares of Meta Platforms stock. The stock was sold at an average price of $505.75, for a total value of $208,369.00.
• On Thursday, June 6th, Javier Olivan sold 412 shares of Meta Platforms stock. The shares were sold at an average price of $492.98, for a total value of $203,107.76.
• On Thursday, May 30th, Javier Olivan sold 412 shares of Meta Platforms stock. The stock was sold at an average price of $471.67, for a total transaction of $194,328.04.
• On Thursday, May 23rd, Javier Olivan sold 412 shares of Meta Platforms stock. The stock was sold at an average price of $472.70, for a total transaction of $194,752.40.
• On Wednesday, May 15th, Javier Olivan sold 4,911 shares of Meta Platforms stock. The shares were sold at an average price of $471.85, for a total transaction of $2,317,255.35.
• On Friday, May 3rd, Javier Olivan sold 490 shares of Meta Platforms stock. The stock was sold at an average price of $445.93, for a total value of $218,505.70.
• On Friday, April 26th, Javier Olivan sold 490 shares of Meta Platforms stock. The stock was sold at an average price of $441.54, for a total value of $216,354.60.

Meta Platforms Trading Down 5.7 %

Shares of META opened at $461.99 on Thursday. Meta Platforms, Inc. has a 1-year low of $274.38 and a 1-year high of $542.81. The firm has a market capitalization of $1.17 trillion, a price-to-earnings ratio of 26.54, a PEG ratio of 1.28 and a beta of 1.21. The firm’s 50-day moving average price is $493.38 and its 200-day moving average price is $469.42. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, April 24th. The social networking company reported $4.71 earnings per share for the quarter, beating the consensus estimate of $4.32 by $0.39. Meta Platforms had a return on equity of 32.03% and a net margin of 32.06%. The business had revenue of $36.46 billion for the quarter, compared to analysts’ expectations of $36.28 billion. Sell-side analysts anticipate that Meta Platforms, Inc. will post 20.21 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 14th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.43%. Meta Platforms’s dividend payout ratio (DPR) is 11.49%.

Institutional Trading of Meta Platforms

A number of hedge funds have recently modified their holdings of META. Rockingstone Advisors LLC lifted its position in Meta Platforms by 3.2% during the 2nd quarter. Rockingstone Advisors LLC now owns 7,229 shares of the social networking company’s stock valued at $3,645,000 after acquiring an additional 222 shares during the period. Windmill Hill Asset Management Ltd purchased a new position in shares of Meta Platforms during the second quarter valued at approximately $204,000. Physician Wealth Advisors Inc. boosted its position in shares of Meta Platforms by 7.2% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 2,323 shares of the social networking company’s stock worth $1,138,000 after purchasing an additional 156 shares in the last quarter. Narus Financial Partners LLC boosted its position in shares of Meta Platforms by 1.0% in the 2nd quarter. Narus Financial Partners LLC now owns 3,249 shares of the social networking company’s stock worth $1,638,000 after purchasing an additional 32 shares in the last quarter. Finally, Ruedi Wealth Management Inc. grew its stake in shares of Meta Platforms by 122.2% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company’s stock worth $40,000 after buying an additional 44 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wedbush dropped their price target on Meta Platforms from $570.00 to $480.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. BMO Capital Markets reissued a “market perform” rating and issued a $450.00 price target on shares of Meta Platforms in a research note on Wednesday, June 12th. Barclays lowered their price objective on shares of Meta Platforms from $550.00 to $520.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. Wolfe Research initiated coverage on shares of Meta Platforms in a report on Tuesday. They set an “outperform” rating and a $620.00 price objective for the company. Finally, KeyCorp increased their target price on Meta Platforms from $475.00 to $540.00 and gave the company an “overweight” rating in a research note on Thursday, June 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $518.50.

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.