Javier Olivan Sells 608 Shares of Meta Platforms, Inc. (NASDAQ:META) Stock

Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan sold 608 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $736.07, for a total value of $447,530.56. Following the sale, the chief operating officer now directly owns 9,878 shares in the company, valued at approximately $7,270,899.46. This represents a 5.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Saturday, February 15th, Javier Olivan sold 4,706 shares of Meta Platforms stock. The stock was sold at an average price of $736.67, for a total transaction of $3,466,769.02.
• On Monday, February 3rd, Javier Olivan sold 413 shares of Meta Platforms stock. The shares were sold at an average price of $676.00, for a total transaction of $279,188.00.
• On Monday, January 27th, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was sold at an average price of $627.59, for a total transaction of $259,194.67.
• On Tuesday, January 21st, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was sold at an average price of $618.00, for a total value of $255,234.00.
• On Monday, January 13th, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was 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 stock was 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 shares were 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 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 value of $260,008.28.
• On Monday, December 9th, Javier Olivan sold 413 shares of Meta Platforms stock. The shares were sold at an average price of $623.50, for a total value of $257,505.50.

Meta Platforms Price Performance

META traded down $12.60 during midday trading on Wednesday, reaching $703.77. 17,494,464 shares of the company’s stock were exchanged, compared to its average volume of 15,853,123. Meta Platforms, Inc. has a one year low of $414.50 and a one year high of $740.91. The firm has a market capitalization of $1.78 trillion, a price-to-earnings ratio of 29.42, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20. The business has a 50-day simple moving average of $643.13 and a two-hundred day simple moving average of $587.57. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same period in the previous year, the business earned $5.33 EPS. As a group, research analysts predict that Meta Platforms, Inc. will post 26.66 EPS for the current year.

Meta Platforms Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.30%. This is a boost from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, March 14th. Meta Platforms’s dividend payout ratio is currently 8.36%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. AMF Tjanstepension AB lifted its position in Meta Platforms by 32.5% during the 3rd quarter. AMF Tjanstepension AB now owns 457,092 shares of the social networking company’s stock worth $261,680,000 after buying an additional 112,047 shares in the last quarter. Howard Capital Management Group LLC lifted its position in shares of Meta Platforms by 17.9% during the third quarter. Howard Capital Management Group LLC now owns 1,652 shares of the social networking company’s stock worth $946,000 after purchasing an additional 251 shares in the last quarter. Waypoint Capital Advisors LLC grew its stake in shares of Meta Platforms by 4.5% during the third quarter. Waypoint Capital Advisors LLC now owns 2,424 shares of the social networking company’s stock valued at $1,388,000 after purchasing an additional 104 shares during the last quarter. Wealth Alliance Advisory Group LLC increased its holdings in shares of Meta Platforms by 6.3% in the third quarter. Wealth Alliance Advisory Group LLC now owns 4,985 shares of the social networking company’s stock valued at $2,854,000 after purchasing an additional 297 shares in the last quarter. Finally, Veracity Capital LLC raised its position in Meta Platforms by 2.7% in the 3rd quarter. Veracity Capital LLC now owns 3,394 shares of the social networking company’s stock worth $1,943,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on META shares. Cantor Fitzgerald upped their price target on shares of Meta Platforms from $720.00 to $790.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. KeyCorp upped their target price on Meta Platforms from $700.00 to $750.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Roth Mkm boosted their price objective on Meta Platforms from $620.00 to $635.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Bank of America upped their price objective on shares of Meta Platforms from $710.00 to $765.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Wells Fargo & Company boosted their price target on shares of Meta Platforms from $685.00 to $752.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average target price of $717.90.

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.