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

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 608 shares of the business's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $563.03, for a total transaction of $342,322.24. Following the sale, the chief operating officer now directly owns 6,230 shares in the company, valued at $3,507,676.90. The trade was a 8.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, March 24th, Javier Olivan sold 608 shares of Meta Platforms stock. The shares were sold at an average price of $614.97, for a total value of $373,901.76.
• On Monday, March 17th, Javier Olivan sold 608 shares of Meta Platforms stock. The shares were 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 stock was sold at an average price of $673.96, for a total transaction of $409,767.68.
• On Monday, February 24th, Javier Olivan sold 608 shares of Meta Platforms stock. The stock was 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 shares were sold at an average price of $736.07, for a total value 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 value of $3,466,769.02.
• On Monday, February 3rd, Javier Olivan sold 413 shares of Meta Platforms stock. The shares were sold at an average price of $676.00, for a total transaction of $279,188.00.
• On Monday, January 27th, Javier Olivan sold 413 shares of Meta Platforms stock. The shares were sold at an average price of $627.59, for a total transaction of $259,194.67.
• On Tuesday, January 21st, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was sold at an average price of $618.00, for a total transaction of $255,234.00.

Meta Platforms Stock Down 5.0 %

Shares of NASDAQ META traded down $26.56 during midday trading on Friday, hitting $505.06. The stock had a trading volume of 34,556,658 shares, compared to its average volume of 14,474,617. The business's 50 day moving average is $651.00 and its 200-day moving average is $609.95. Meta Platforms, Inc. has a 52 week low of $414.50 and a 52 week high of $740.91. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.16. The company has a market cap of $1.28 trillion, a P/E ratio of 21.11, a PEG ratio of 1.42 and a beta of 1.28.

Remove Ads

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the company earned $5.33 EPS. As a group, analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date was Friday, March 14th. This is an increase from Meta Platforms's previous quarterly dividend of $0.50. Meta Platforms's dividend payout ratio (DPR) is presently 8.78%.

Institutional Trading of Meta Platforms

A number of large investors have recently made changes to their positions in META. JDM Financial Group LLC bought a new stake in Meta Platforms in the 3rd quarter worth approximately $30,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Meta Platforms in the 3rd quarter worth $36,000. Millstone Evans Group LLC purchased a new position in shares of Meta Platforms in the 4th quarter worth $40,000. Avondale Wealth Management bought a new stake in shares of Meta Platforms in the fourth quarter worth $41,000. Finally, WealthTrak Capital Management LLC purchased a new stake in Meta Platforms during the fourth quarter valued at $43,000. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Truist Financial upped their price objective on Meta Platforms from $700.00 to $770.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Scotiabank increased their price target on shares of Meta Platforms from $583.00 to $627.00 and gave the company a "sector perform" rating in a research report on Thursday, January 30th. Wells Fargo & Company boosted their price objective on shares of Meta Platforms from $685.00 to $752.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Wedbush reaffirmed an "outperform" rating and set a $770.00 target price (up previously from $700.00) on shares of Meta Platforms in a report on Thursday, January 30th. Finally, Piper Sandler boosted their price target on shares of Meta Platforms from $670.00 to $775.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $718.55.

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.