Insider Selling: Meta Platforms, Inc. (NASDAQ:META) COO Sells 413 Shares of Stock

Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan sold 413 shares of Meta Platforms stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $560.00, for a total transaction of $231,280.00. Following the completion of the sale, the chief operating officer now owns 12,772 shares of the company’s stock, valued at $7,152,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, September 13th, Javier Olivan sold 413 shares of Meta Platforms stock. The shares were sold at an average price of $520.57, for a total transaction of $214,995.41.
• On Friday, September 6th, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was sold at an average price of $522.00, for a total transaction of $215,586.00.
• On Friday, August 30th, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was sold at an average price of $521.35, for a total value of $215,317.55.
• On Friday, August 23rd, Javier Olivan sold 413 shares of Meta Platforms stock. The shares were sold at an average price of $536.92, for a total value of $221,747.96.
• On Thursday, August 15th, Javier Olivan sold 4,900 shares of Meta Platforms stock. The stock was sold at an average price of $526.76, for a total value of $2,581,124.00.
• On Thursday, August 1st, Javier Olivan sold 412 shares of Meta Platforms stock. The shares were sold at an average price of $521.48, for a total transaction of $214,849.76.
• On Thursday, July 25th, Javier Olivan sold 412 shares of Meta Platforms stock. The stock was sold at an average price of $463.00, for a total transaction of $190,756.00.
• On Thursday, July 18th, Javier Olivan sold 412 shares of Meta Platforms stock. The stock was sold at an average price of $474.86, for a total transaction of $195,642.32.
• On Thursday, July 11th, Javier Olivan sold 412 shares of Meta Platforms stock. The shares were sold at an average price of $530.81, for a total transaction of $218,693.72.
• On Friday, July 5th, Javier Olivan sold 412 shares of Meta Platforms stock. The stock was sold at an average price of $512.00, for a total transaction of $210,944.00.

Meta Platforms Trading Down 0.2 %

META stock traded down $1.08 during trading on Tuesday, hitting $563.33. The company had a trading volume of 12,924,683 shares, compared to its average volume of 15,646,348. The firm has a 50-day moving average price of $508.94 and a 200-day moving average price of $497.64. Meta Platforms, Inc. has a 12 month low of $279.40 and a 12 month high of $573.98. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 0.12. The stock has a market cap of $1.43 trillion, a price-to-earnings ratio of 32.25, a PEG ratio of 1.26 and a beta of 1.21.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, July 31st. The social networking company reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.70 by $0.46. The company had revenue of $39.07 billion during the quarter, compared to the consensus estimate of $38.26 billion. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.23 earnings per share. As a group, analysts predict that Meta Platforms, Inc. will post 21.36 earnings per share for the current year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Monday, September 16th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend is Monday, September 16th. Meta Platforms’s dividend payout ratio (DPR) is presently 11.49%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on META. Susquehanna increased their target price on shares of Meta Platforms from $550.00 to $600.00 and gave the company a “positive” rating in a research note on Thursday, August 1st. Stifel Nicolaus lifted their price objective on Meta Platforms from $550.00 to $590.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Piper Sandler raised their target price on Meta Platforms from $545.00 to $575.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Benchmark reissued a “hold” rating on shares of Meta Platforms in a report on Thursday, July 25th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $660.00 price objective on shares of Meta Platforms in a report on Monday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, thirty-four have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Meta Platforms currently has an average rating of “Moderate Buy” and a consensus price target of $578.92.

Institutional Investors Weigh In On Meta Platforms

A number of institutional investors and hedge funds have recently modified their holdings of META. Greater Midwest Financial Group LLC bought a new stake in shares of Meta Platforms during the 2nd quarter valued at $2,925,000. Centaurus Financial Inc. lifted its stake in Meta Platforms by 75.1% in the second quarter. Centaurus Financial Inc. now owns 23,244 shares of the social networking company’s stock valued at $11,720,000 after buying an additional 9,972 shares during the period. Anchor Investment Management LLC boosted its holdings in Meta Platforms by 0.4% during the second quarter. Anchor Investment Management LLC now owns 20,112 shares of the social networking company’s stock worth $10,141,000 after buying an additional 83 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Meta Platforms by 926.6% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 733,358 shares of the social networking company’s stock worth $369,774,000 after buying an additional 661,923 shares during the period. Finally, University of Texas Texas AM Investment Management Co. increased its stake in shares of Meta Platforms by 7.6% in the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 14,495 shares of the social networking company’s stock valued at $7,309,000 after acquiring an additional 1,024 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

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.