Javier Olivan Sells 608 Shares of Meta Platforms, Inc. (NASDAQ:META) Stock

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 608 shares of Meta Platforms stock in a transaction on Monday, April 14th. The shares were sold at an average price of $556.45, for a total value of $338,321.60. Following the completion of the transaction, the chief operating officer now owns 5,014 shares of the company's stock, valued at approximately $2,790,040.30. This trade represents a 10.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, April 7th, Javier Olivan sold 608 shares of Meta Platforms stock. The shares were sold at an average price of $488.18, for a total value of $296,813.44.
• On Monday, March 31st, Javier Olivan sold 608 shares of Meta Platforms stock. The shares were sold at an average price of $563.03, for a total transaction of $342,322.24.
• On Monday, March 24th, Javier Olivan sold 608 shares of Meta Platforms stock. The stock was sold at an average price of $614.97, for a total transaction of $373,901.76.
• On Monday, March 17th, Javier Olivan sold 608 shares of Meta Platforms stock. The stock was sold at an average price of $607.50, for a total transaction of $369,360.00.
• On Monday, March 10th, Javier Olivan sold 608 shares of Meta Platforms stock. The shares were sold at an average price of $609.00, for a total transaction of $370,272.00.
• On Monday, March 3rd, Javier Olivan sold 608 shares of Meta Platforms stock. The shares were sold at an average price of $673.96, for a total value of $409,767.68.
• On Monday, February 24th, Javier Olivan sold 608 shares of Meta Platforms stock. The shares were sold at an average price of $686.28, for a total value of $417,258.24.
• On Tuesday, February 18th, Javier Olivan sold 608 shares of Meta Platforms stock. The stock was sold at an average price of $736.07, for a total transaction of $447,530.56.
• On Saturday, February 15th, Javier Olivan sold 4,706 shares of Meta Platforms stock. The stock was sold at an average price of $736.67, for a total transaction of $3,466,769.02.
• On Monday, February 3rd, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was sold at an average price of $676.00, for a total transaction of $279,188.00.

Meta Platforms Price Performance

Meta Platforms stock traded down $0.83 during mid-day trading on Friday, reaching $501.48. The company had a trading volume of 14,540,656 shares, compared to its average volume of 14,827,047. The business has a fifty day simple moving average of $612.51 and a 200 day simple moving average of $607.32. Meta Platforms, Inc. has a fifty-two week low of $414.50 and a fifty-two week high of $740.91. The company has a market cap of $1.27 trillion, a P/E ratio of 20.96, a P/E/G ratio of 1.42 and a beta of 1.28. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.16.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, topping analysts' consensus estimates of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same period in the prior year, the company earned $5.33 earnings per share. On average, equities research analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were given a $0.525 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.10 annualized dividend and a yield of 0.42%. This is a boost from Meta Platforms's previous quarterly dividend of $0.50. Meta Platforms's payout ratio is currently 8.78%.

Institutional Investors Weigh In On Meta Platforms

A number of hedge funds have recently modified their holdings of META. Millstone Evans Group LLC purchased a new position in Meta Platforms in the 4th quarter valued at approximately $40,000. Avondale Wealth Management bought a new stake in Meta Platforms during the fourth quarter valued at approximately $41,000. WealthTrak Capital Management LLC purchased a new position in Meta Platforms in the fourth quarter worth $43,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Meta Platforms in the fourth quarter valued at $45,000. Finally, Stuart Chaussee & Associates Inc. purchased a new stake in Meta Platforms during the fourth quarter valued at about $47,000. Institutional investors own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on META. Robert W. Baird raised their price objective on shares of Meta Platforms from $680.00 to $750.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. DA Davidson lowered their price target on Meta Platforms from $800.00 to $650.00 and set a "buy" rating on the stock in a report on Monday. Truist Financial decreased their price target on Meta Platforms from $770.00 to $700.00 and set a "buy" rating for the company in a research note on Thursday. Pivotal Research upped their price objective on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Finally, Raymond James reaffirmed a "strong-buy" rating and issued a $800.00 price target (up from $725.00) on shares of Meta Platforms in a research report on Thursday, January 30th. Two equities research 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 issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $684.10.

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.