Javier Olivan Sells 517 Shares of Meta Platforms (NASDAQ:META) Stock

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $714.60, for a total transaction of $369,448.20. Following the completion of the transaction, the chief operating officer directly owned 9,615 shares of the company’s stock, valued at $6,870,879. The trade was a 5.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, January 26th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $665.00, for a total transaction of $343,805.00.
  • On Tuesday, January 20th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $608.35, for a total value of $314,516.95.
  • On Monday, January 12th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $653.00, for a total value of $337,601.00.
  • On Monday, January 5th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $650.41, for a total value of $336,261.97.
  • On Monday, December 29th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $658.14, for a total value of $340,258.38.
  • On Monday, December 22nd, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $661.11, for a total transaction of $341,793.87.
  • On Monday, December 15th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $646.00, for a total transaction of $333,982.00.
  • On Monday, December 8th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $669.63, for a total transaction of $346,198.71.
  • On Monday, December 1st, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $639.03, for a total transaction of $330,378.51.
  • On Monday, November 24th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $598.54, for a total transaction of $309,445.18.

Meta Platforms Trading Up 0.2%

META opened at $670.21 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.60 and a current ratio of 2.60. The stock’s 50 day moving average price is $656.48 and its 200-day moving average price is $695.54. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The stock has a market cap of $1.69 trillion, a price-to-earnings ratio of 28.52, a P/E/G ratio of 1.14 and a beta of 1.28.

Meta Platforms (NASDAQ:METAGet Free Report) last posted 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. Meta Platforms had a return on equity of 38.61% and a net margin of 30.08%.The company had revenue of $59.89 billion during the quarter, compared to analysts’ expectations of $58.33 billion. During the same quarter in the previous year, the business earned $8.02 EPS. Meta Platforms’s revenue was up 23.8% compared to the same quarter last year. On average, equities analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 15th were issued a dividend of $0.525 per share. The ex-dividend date was Monday, December 15th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is presently 8.94%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on META shares. Wedbush lifted their price target on shares of Meta Platforms from $880.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Pivotal Research decreased their target price on Meta Platforms from $930.00 to $910.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Benchmark cut Meta Platforms from a “buy” rating to a “hold” rating in a report on Thursday, October 30th. KeyCorp cut their price target on Meta Platforms from $875.00 to $835.00 and set an “overweight” rating on the stock in a research note on Monday, January 26th. Finally, Jefferies Financial Group upped their price objective on shares of Meta Platforms from $910.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Five analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and an average target price of $848.50.

Read Our Latest Stock Analysis on META

Trending Headlines about Meta Platforms

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Institutional Trading of Meta Platforms

A number of institutional investors have recently modified their holdings of the company. Westchester Capital Management Inc. acquired a new stake in shares of Meta Platforms in the 3rd quarter worth $26,000. Bare Financial Services Inc acquired a new stake in Meta Platforms in the second quarter worth about $30,000. Strategic Wealth Advisors LLC purchased a new stake in shares of Meta Platforms during the fourth quarter worth about $29,000. Briaud Financial Planning Inc acquired a new position in shares of Meta Platforms during the second quarter valued at about $42,000. Finally, Knuff & Co LLC purchased a new position in shares of Meta Platforms in the 2nd quarter valued at approximately $44,000. 79.91% of the stock is currently owned by institutional investors.

Meta Platforms Company Profile

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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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