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

Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan sold 608 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $607.50, for a total value of $369,360.00. Following the completion of the sale, the chief operating officer now owns 7,446 shares of the company’s stock, valued at approximately $4,523,445. This represents a 7.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, March 10th, Javier Olivan sold 608 shares of Meta Platforms stock. The stock was sold at an average price of $609.00, for a total value 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 value 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 shares were 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 value of $279,188.00.
• On Monday, January 27th, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was sold at an average price of $627.59, for a total value 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 value of $255,234.00.
• On Monday, January 13th, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was sold at an average price of $606.77, for a total value of $250,596.01.
• On Monday, January 6th, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was sold at an average price of $612.10, for a total value of $252,797.30.

Meta Platforms Trading Up 1.7 %

Shares of NASDAQ META opened at $596.25 on Friday. Meta Platforms, Inc. has a 12 month low of $414.50 and a 12 month high of $740.91. The company has a market cap of $1.51 trillion, a price-to-earnings ratio of 24.93, a P/E/G ratio of 1.42 and a beta of 1.23. 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 business has a fifty day simple moving average of $655.38 and a 200-day simple moving average of $605.08.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating the consensus estimate 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 last year, the business earned $5.33 EPS. Sell-side analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.35%. This is a positive change from Meta Platforms’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, March 14th. Meta Platforms’s payout ratio is presently 8.78%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of META. JDM Financial Group LLC acquired a new position in Meta Platforms during the third quarter valued at $30,000. Safe Harbor Fiduciary LLC acquired a new position in Meta Platforms in the 3rd quarter worth about $36,000. Millstone Evans Group LLC acquired a new position in Meta Platforms in the 4th quarter worth about $40,000. Avondale Wealth Management acquired a new position in Meta Platforms in the 4th quarter worth about $41,000. Finally, WealthTrak Capital Management LLC acquired a new position in Meta Platforms in the 4th quarter worth about $43,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on META shares. Oppenheimer raised their price objective on Meta Platforms from $650.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. UBS Group raised their price objective on Meta Platforms from $736.00 to $786.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Cantor Fitzgerald raised their price objective on Meta Platforms from $720.00 to $790.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Jefferies Financial Group raised their price objective on Meta Platforms from $675.00 to $715.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, Benchmark upgraded Meta Platforms from a “hold” rating to a “buy” rating and set a $820.00 price objective on the stock in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $718.31.

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.