Insider Selling: Meta Platforms (NASDAQ:META) COO Sells 926 Shares of Stock

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) COO Javier Olivan sold 926 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $632.02, for a total transaction of $585,250.52. Following the completion of the transaction, the chief operating officer owned 14,261 shares in the company, valued at approximately $9,013,237.22. The trade was a 6.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Monday, March 16th, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $632.02, for a total transaction of $397,540.58.
  • On Monday, March 9th, Javier Olivan sold 629 shares of Meta Platforms stock. The stock was sold at an average price of $634.94, for a total transaction of $399,377.26.
  • On Monday, March 9th, Javier Olivan sold 926 shares of Meta Platforms stock. The shares were sold at an average price of $634.94, for a total transaction of $587,954.44.
  • On Monday, March 2nd, Javier Olivan sold 629 shares of Meta Platforms stock. The stock was sold at an average price of $637.21, for a total value of $400,805.09.
  • On Monday, March 2nd, Javier Olivan sold 926 shares of Meta Platforms stock. The stock was sold at an average price of $637.21, for a total value of $590,056.46.
  • On Monday, February 23rd, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $652.68, for a total value of $410,535.72.
  • On Monday, February 23rd, Javier Olivan sold 926 shares of Meta Platforms stock. The stock was sold at an average price of $652.68, for a total value of $604,381.68.
  • On Tuesday, February 17th, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $639.18, for a total value of $402,044.22.
  • On Tuesday, February 17th, Javier Olivan sold 172 shares of Meta Platforms stock. The stock was sold at an average price of $639.18, for a total transaction of $109,938.96.
  • On Sunday, February 15th, Javier Olivan sold 2,461 shares of Meta Platforms stock. The stock was sold at an average price of $639.77, for a total transaction of $1,574,473.97.

Meta Platforms Stock Down 1.1%

NASDAQ META traded down $6.98 during trading on Wednesday, reaching $615.68. 11,697,104 shares of the company’s stock traded hands, compared to its average volume of 14,986,292. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.60 and a quick ratio of 2.60. The firm has a market cap of $1.56 trillion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 0.97 and a beta of 1.30. The company’s 50 day simple moving average is $651.86 and its two-hundred day simple moving average is $675.20.

Meta Platforms (NASDAQ:METAGet Free Report) last released its quarterly earnings data on Wednesday, January 28th. The social networking company reported $8.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.16 by $0.72. The firm had revenue of $59.89 billion for the quarter, compared to the consensus estimate of $58.33 billion. Meta Platforms had a net margin of 30.08% and a return on equity of 38.61%. The company’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period last year, the firm earned $8.02 earnings per share. As a group, sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Monday, March 16th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, March 16th. Meta Platforms’s payout ratio is presently 8.94%.

Trending Headlines about Meta Platforms

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC raised its stake in shares of Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after purchasing an additional 570 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after buying an additional 875 shares during the period. Headwater Capital Co Ltd increased its holdings in Meta Platforms by 294.7% in the 1st quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company’s stock worth $86,454,000 after buying an additional 112,000 shares during the period. Dymon Asia Capital Singapore PTE. LTD. purchased a new position in Meta Platforms during the 2nd quarter worth approximately $213,000. Finally, Capital & Planning LLC acquired a new stake in Meta Platforms during the 2nd quarter valued at approximately $322,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

META has been the subject of several analyst reports. Monness Crespi & Hardt increased their price target on shares of Meta Platforms from $808.00 to $890.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Roth Mkm cut their price objective on shares of Meta Platforms from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. Citizens Jmp reissued an “outperform” rating and set a $900.00 target price (up from $750.00) on shares of Meta Platforms in a research report on Monday, November 24th. Wells Fargo & Company raised their target price on shares of Meta Platforms from $849.00 to $856.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Finally, Scotiabank lifted their price target on shares of Meta Platforms from $685.00 to $700.00 and gave the stock a “sector perform” rating in a report on Thursday, January 29th. Four analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $846.63.

Read Our Latest Analysis on Meta Platforms

Meta Platforms Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Meta Platforms (NASDAQ:META)

Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.