Javier Olivan Sells 434 Shares of Meta Platforms (NASDAQ:META) Stock

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) COO Javier Olivan sold 434 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $602.70, for a total transaction of $261,571.80. Following the sale, the chief operating officer directly owned 5,856 shares of the company’s stock, valued at $3,529,411.20. The trade was a 6.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Monday, August 10th, Javier Olivan sold 1,258 shares of Meta Platforms stock. The stock was sold at an average price of $600.00, for a total transaction of $754,800.00.
  • On Monday, July 27th, Javier Olivan sold 629 shares of Meta Platforms stock. The stock was sold at an average price of $607.85, for a total transaction of $382,337.65.
  • On Monday, July 27th, Javier Olivan sold 837 shares of Meta Platforms stock. The shares were sold at an average price of $607.85, for a total transaction of $508,770.45.
  • On Monday, July 20th, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $645.85, for a total transaction of $406,239.65.
  • On Monday, July 20th, Javier Olivan sold 837 shares of Meta Platforms stock. The shares were sold at an average price of $645.85, for a total transaction of $540,576.45.
  • On Monday, July 6th, Javier Olivan sold 1,887 shares of Meta Platforms stock. The stock was sold at an average price of $600.62, for a total transaction of $1,133,369.94.
  • On Monday, July 6th, Javier Olivan sold 3,348 shares of Meta Platforms stock. The stock was sold at an average price of $600.97, for a total value of $2,012,047.56.
  • On Monday, June 15th, Javier Olivan sold 1,258 shares of Meta Platforms stock. The shares were sold at an average price of $600.00, for a total value of $754,800.00.
  • On Monday, June 15th, Javier Olivan sold 140 shares of Meta Platforms stock. The shares were sold at an average price of $600.00, for a total value of $84,000.00.
  • On Monday, June 1st, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $629.29, for a total value of $395,823.41.

Meta Platforms Trading Down 3.4%

META stock traded down $20.27 during trading on Wednesday, reaching $578.85. 16,115,411 shares of the stock were exchanged, compared to its average volume of 16,827,484. The business has a 50 day moving average price of $596.66 and a 200-day moving average price of $621.07. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 21.80, a P/E/G ratio of 1.02 and a beta of 1.25.

Meta Platforms (NASDAQ:METAGet Free Report) last released its quarterly earnings results on Wednesday, July 29th. The social networking company reported $6.18 EPS for the quarter, missing the consensus estimate of $7.19 by ($1.01). Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The firm had revenue of $60.80 billion for the quarter, compared to analysts’ expectations of $60.22 billion. During the same period in the previous year, the firm posted $7.14 EPS. The firm’s quarterly revenue was up 28.0% compared to the same quarter last year. On average, research analysts predict that Meta Platforms, Inc. will post 28.5 earnings per share for the current year.

Meta Platforms Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 15th. Meta Platforms’s dividend payout ratio (DPR) is presently 7.91%.

Hedge Funds Weigh In On Meta Platforms

Institutional investors and hedge funds have recently made changes to their positions in the stock. RHL Group LLC purchased a new stake in shares of Meta Platforms in the 4th quarter valued at approximately $28,000. Advantage Trust Co purchased a new stake in shares of Meta Platforms during the 2nd quarter worth $28,000. Strategic Wealth Advisors LLC acquired a new position in shares of Meta Platforms during the fourth quarter worth $29,000. Niles Investment Management LLC purchased a new position in Meta Platforms in the fourth quarter valued at $29,000. Finally, Axiom Investment Management LLC purchased a new position in Meta Platforms in the first quarter valued at $36,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms News Summary

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Needham & Company LLC restated a “hold” rating on shares of Meta Platforms in a report on Wednesday, July 8th. Erste Group Bank upgraded shares of Meta Platforms from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Evercore restated an “outperform” rating on shares of Meta Platforms in a research note on Thursday, July 30th. Citigroup lowered their price target on Meta Platforms from $850.00 to $800.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $800.00 price objective on shares of Meta Platforms in a research note on Tuesday, July 28th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and an average target price of $785.32.

Check Out Our Latest Research Report on META

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.

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

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