Javier Olivan Sells 413 Shares of Meta Platforms, Inc. (NASDAQ:META) Stock

Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan sold 413 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $612.10, for a total transaction of $252,797.30. Following the completion of the sale, the chief operating officer now owns 17,101 shares of the company’s stock, valued at approximately $10,467,522.10. The trade was a 2.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, December 30th, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was sold at an average price of $589.16, for a total value 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 shares were sold at an average price of $629.56, for a total transaction 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 transaction of $257,505.50.
• On Monday, December 2nd, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was sold at an average price of $577.49, for a total transaction of $238,503.37.
• On Monday, November 25th, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was sold at an average price of $562.77, for a total value of $232,424.01.
• On Monday, November 18th, Javier Olivan sold 620 shares of Meta Platforms stock. The shares were sold at an average price of $557.00, for a total value of $345,340.00.
• On Friday, November 15th, Javier Olivan sold 4,891 shares of Meta Platforms stock. The stock was sold at an average price of $577.16, for a total transaction of $2,822,889.56.
• On Friday, November 1st, Javier Olivan sold 413 shares of Meta Platforms stock. The shares were sold at an average price of $567.58, for a total transaction of $234,410.54.
• On Friday, October 25th, Javier Olivan sold 413 shares of Meta Platforms stock. The shares were sold at an average price of $574.16, for a total transaction of $237,128.08.

Meta Platforms Price Performance

META stock opened at $610.72 on Thursday. Meta Platforms, Inc. has a 52-week low of $355.36 and a 52-week high of $638.40. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73. The business has a 50-day simple moving average of $591.79 and a two-hundred day simple moving average of $551.75. The company has a market capitalization of $1.54 trillion, a P/E ratio of 28.77, a price-to-earnings-growth ratio of 1.36 and a beta of 1.19.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, topping analysts’ consensus estimates of $5.19 by $0.84. Meta Platforms had a return on equity of 35.60% and a net margin of 35.55%. The company had revenue of $40.59 billion during the quarter, compared to analyst estimates of $40.21 billion. Research analysts expect that Meta Platforms, Inc. will post 22.68 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 16th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.33%. The ex-dividend date was Monday, December 16th. Meta Platforms’s dividend payout ratio is currently 9.42%.

Institutional Investors Weigh In On Meta Platforms

Several institutional investors have recently modified their holdings of the stock. Legacy Private Trust Co. raised its stake in shares of Meta Platforms by 5.4% during the fourth quarter. Legacy Private Trust Co. now owns 22,852 shares of the social networking company’s stock valued at $13,380,000 after acquiring an additional 1,168 shares in the last quarter. Private Client Services LLC boosted its stake in shares of Meta Platforms by 31.9% during the fourth quarter. Private Client Services LLC now owns 2,057 shares of the social networking company’s stock valued at $1,205,000 after purchasing an additional 497 shares in the last quarter. Hilltop Wealth Advisors LLC lifted its holdings in Meta Platforms by 7.0% during the fourth quarter. Hilltop Wealth Advisors LLC now owns 446 shares of the social networking company’s stock worth $261,000 after buying an additional 29 shares during the period. Worth Asset Management LLC grew its position in shares of Meta Platforms by 14.4% in the 4th quarter. Worth Asset Management LLC now owns 818 shares of the social networking company’s stock worth $479,000 after buying an additional 103 shares during the last quarter. Finally, Park National Corp OH increased its position in shares of Meta Platforms by 8.8% during the fourth quarter. Park National Corp OH now owns 7,057 shares of the social networking company’s stock worth $4,132,000 after purchasing an additional 572 shares in the last quarter. 79.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. KeyCorp upped their price target on Meta Platforms from $560.00 to $655.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Robert W. Baird boosted their price target on shares of Meta Platforms from $605.00 to $630.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Piper Sandler increased their price target on shares of Meta Platforms from $650.00 to $670.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Truist Financial boosted their price target on Meta Platforms from $650.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, Raymond James reiterated a “strong-buy” rating and set a $675.00 price objective on shares of Meta Platforms in a research note on Monday, November 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $645.80.

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.