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 business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $583.73, for a total value of $241,080.49. Following the completion of the transaction, the chief operating officer now directly owns 11,946 shares of the company’s stock, valued at approximately $6,973,238.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, September 27th, Javier Olivan sold 413 shares of Meta Platforms stock. The shares were sold at an average price of $570.00, for a total value of $235,410.00.
• On Friday, September 20th, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was sold at an average price of $560.00, for a total transaction of $231,280.00.
• On Friday, September 13th, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was 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 shares were 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 shares were 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.

Meta Platforms Stock Up 1.4 %

Shares of Meta Platforms stock traded up $8.11 during trading hours on Tuesday, reaching $592.89. 7,837,597 shares of the company were exchanged, compared to its average volume of 15,465,086. The firm has a market cap of $1.50 trillion, a PE ratio of 34.05, a PEG ratio of 1.39 and a beta of 1.22. The stock’s fifty day moving average is $529.45 and its 200 day moving average is $503.17. Meta Platforms, Inc. has a 1 year low of $279.40 and a 1 year high of $602.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.83 and a current ratio of 2.83.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, July 31st. The social networking company reported $5.16 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.46. The company had revenue of $39.07 billion for 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%. Meta Platforms’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.23 EPS. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 21.36 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Monday, September 16th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.34%. The ex-dividend date was Monday, September 16th. Meta Platforms’s dividend payout ratio (DPR) is presently 11.49%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Piper Sandler lifted their target price on shares of Meta Platforms from $545.00 to $575.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $570.00 price objective on shares of Meta Platforms in a research note on Thursday, August 1st. Citigroup increased their price objective on shares of Meta Platforms from $580.00 to $645.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Roth Mkm boosted their target price on Meta Platforms from $510.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. increased their price target on Meta Platforms from $610.00 to $640.00 and gave the company an “overweight” rating in a report on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $601.08.

Institutional Investors Weigh In On Meta Platforms

Large investors have recently modified their holdings of the company. Howard Financial Services LTD. grew its stake in shares of Meta Platforms by 5.2% during the third quarter. Howard Financial Services LTD. now owns 1,024 shares of the social networking company’s stock worth $586,000 after purchasing an additional 51 shares in the last quarter. Gill Capital Partners LLC lifted its holdings in Meta Platforms by 5.1% during the 3rd quarter. Gill Capital Partners LLC now owns 1,080 shares of the social networking company’s stock worth $618,000 after buying an additional 52 shares during the last quarter. StoneCrest Wealth Management Inc. boosted its position in shares of Meta Platforms by 3.4% during the 3rd quarter. StoneCrest Wealth Management Inc. now owns 8,620 shares of the social networking company’s stock worth $4,934,000 after acquiring an additional 282 shares in the last quarter. Sovereign Financial Group Inc. increased its holdings in shares of Meta Platforms by 3.9% in the 3rd quarter. Sovereign Financial Group Inc. now owns 3,381 shares of the social networking company’s stock valued at $1,936,000 after acquiring an additional 128 shares during the last quarter. Finally, Pathway Financial Advisors LLC raised its position in shares of Meta Platforms by 8.1% during the 3rd quarter. Pathway Financial Advisors LLC now owns 1,952 shares of the social networking company’s stock worth $1,117,000 after acquiring an additional 146 shares in the last quarter. 79.91% of the stock is owned by hedge funds and other 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.