Javier Olivan Sells 517 Shares of Meta Platforms (NASDAQ:META) Stock

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) COO Javier Olivan sold 517 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $663.19, for a total value of $342,869.23. Following the transaction, the chief operating officer directly owned 9,098 shares in the company, valued at approximately $6,033,702.62. The trade was a 5.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Monday, February 2nd, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $714.60, for a total value of $369,448.20.
  • On Monday, January 26th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $665.00, for a total transaction of $343,805.00.
  • On Tuesday, January 20th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $608.35, for a total transaction of $314,516.95.
  • On Monday, January 12th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $653.00, for a total transaction of $337,601.00.
  • On Monday, January 5th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $650.41, for a total transaction of $336,261.97.
  • On Monday, December 29th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $658.14, for a total transaction of $340,258.38.
  • On Monday, December 22nd, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $661.11, for a total transaction of $341,793.87.
  • On Monday, December 15th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $646.00, for a total value of $333,982.00.
  • On Monday, December 8th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $669.63, for a total value of $346,198.71.
  • On Monday, December 1st, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $639.03, for a total value of $330,378.51.

Meta Platforms Stock Down 0.3%

NASDAQ META traded down $2.03 during trading hours on Wednesday, hitting $668.69. 14,290,605 shares of the company were exchanged, compared to its average volume of 17,304,572. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.69 trillion, a price-to-earnings ratio of 28.45, a PEG ratio of 1.16 and a beta of 1.28. The company has a 50 day moving average of $657.96 and a two-hundred day moving average of $694.43. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The social networking company reported $8.88 EPS for the quarter, topping analysts’ consensus estimates of $8.16 by $0.72. Meta Platforms had a return on equity of 38.61% and a net margin of 30.08%.The business had revenue of $59.89 billion during the quarter, compared to the consensus estimate of $58.33 billion. During the same period in the previous year, the company posted $8.02 earnings per share. The business’s revenue for the quarter was up 23.8% on a year-over-year basis. Equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 15th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, December 15th. Meta Platforms’s payout ratio is 8.94%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on META. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $860.00 price objective (up from $750.00) on shares of Meta Platforms in a research report on Thursday, January 29th. Wolfe Research restated an “outperform” rating and issued a $850.00 price target (up from $800.00) on shares of Meta Platforms in a research note on Thursday, January 29th. Needham & Company LLC reaffirmed a “hold” rating on shares of Meta Platforms in a report on Thursday, January 29th. Jefferies Financial Group upped their price objective on Meta Platforms from $910.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, TD Cowen reissued a “buy” rating on shares of Meta Platforms in a research report on Tuesday, January 13th. Three equities research analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $845.50.

Check Out Our Latest Stock Report on META

Key Meta Platforms News

Here are the key news stories impacting Meta Platforms this week:

Institutional Trading of Meta Platforms

Several institutional investors and hedge funds have recently bought and sold shares of META. Norges Bank purchased a new position in shares of Meta Platforms during the fourth quarter worth about $22,152,075,000. Laurel Wealth Advisors LLC raised its stake in Meta Platforms by 73,443.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 8,417,003 shares of the social networking company’s stock valued at $6,212,506,000 after acquiring an additional 8,405,558 shares during the last quarter. Vanguard Group Inc. lifted its position in Meta Platforms by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock worth $132,015,115,000 after acquiring an additional 7,269,279 shares during the period. State Street Corp lifted its position in Meta Platforms by 1.9% during the 2nd quarter. State Street Corp now owns 86,925,674 shares of the social networking company’s stock worth $64,158,971,000 after acquiring an additional 1,650,435 shares during the period. Finally, Danske Bank A S purchased a new position in shares of Meta Platforms in the 3rd quarter valued at approximately $1,191,175,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

About Meta Platforms

(Get Free Report)

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

See Also

Insider Buying and Selling by Quarter for Meta Platforms (NASDAQ:META)

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