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 firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $589.16, for a total value of $243,323.08. Following the transaction, the chief operating officer now owns 17,514 shares of the company’s stock, valued at $10,318,548.24. The trade was a 2.30 % decrease in their ownership of the stock. The sale 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 23rd, Javier Olivan sold 413 shares of Meta Platforms stock. The shares were sold at an average price of $590.00, for a total transaction of $243,670.00.
• On Monday, December 16th, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was 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 stock was 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 shares were sold at an average price of $577.49, for a total value 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 value of $2,822,889.56.
• On Friday, November 1st, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was 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.
• On Friday, October 18th, Javier Olivan sold 413 shares of Meta Platforms stock. The shares were sold at an average price of $580.65, for a total transaction of $239,808.45.

Meta Platforms Trading Up 0.9 %

META stock opened at $604.63 on Friday. The firm has a fifty day moving average price of $589.88 and a 200 day moving average price of $548.87. Meta Platforms, Inc. has a fifty-two week low of $343.40 and a fifty-two week high of $638.40. The firm has a market cap of $1.53 trillion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 1.39 and a beta of 1.20. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.73 and a current ratio of 2.73.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data 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 net margin of 35.55% and a return on equity of 35.60%. The business had revenue of $40.59 billion during the quarter, compared to analysts’ expectations of $40.21 billion. Sell-side analysts anticipate that Meta Platforms, Inc. will post 22.68 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

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

Institutional Investors Weigh In On Meta Platforms

Several institutional investors have recently modified their holdings of the stock. Central Pacific Bank Trust Division increased its position in shares of Meta Platforms by 1.6% during the 4th quarter. Central Pacific Bank Trust Division now owns 13,850 shares of the social networking company’s stock valued at $8,109,000 after purchasing an additional 214 shares during the last quarter. First Citizens Financial Corp boosted its stake in Meta Platforms by 14.3% during the fourth quarter. First Citizens Financial Corp now owns 766 shares of the social networking company’s stock worth $449,000 after buying an additional 96 shares during the period. Modus Advisors LLC increased its position in Meta Platforms by 8.7% during the fourth quarter. Modus Advisors LLC now owns 3,917 shares of the social networking company’s stock valued at $2,293,000 after acquiring an additional 314 shares during the last quarter. Franchise Capital Ltd raised its stake in shares of Meta Platforms by 34.4% in the fourth quarter. Franchise Capital Ltd now owns 44,488 shares of the social networking company’s stock valued at $26,048,000 after acquiring an additional 11,397 shares during the period. Finally, NRI Wealth Management LC bought a new stake in shares of Meta Platforms in the 4th quarter worth about $594,000. 79.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on META. Pivotal Research lifted their price objective on Meta Platforms from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Wolfe Research boosted their price target on Meta Platforms from $670.00 to $730.00 and gave the company an “outperform” rating in a research note on Friday. UBS Group increased their price objective on shares of Meta Platforms from $690.00 to $719.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Citigroup raised their price objective on shares of Meta Platforms from $645.00 to $705.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, JMP Securities upped their target price on shares of Meta Platforms from $660.00 to $750.00 and gave the company a “market outperform” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $642.88.

About Meta Platforms

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.