Meta Platforms, Inc. (NASDAQ:META) COO Sells $259,194.67 in Stock

by · The Markets Daily

Meta Platforms, Inc. (NASDAQ:META – Get Free Report) COO Javier Olivan sold 413 shares of Meta Platforms stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $627.59, for a total value of $259,194.67. Following the completion of the transaction, the chief operating officer now owns 15,862 shares of the company’s stock, valued at $9,954,832.58. This trade represents a 2.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • 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 shares were 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 transaction of $252,797.30.
  • On Monday, December 30th, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was sold at an average price of $589.16, for a total transaction of $243,323.08.
  • 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 shares were sold at an average price of $623.50, for a total value of $257,505.50.
  • On Monday, December 2nd, Javier Olivan sold 413 shares of Meta Platforms stock. The stock was 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 transaction of $345,340.00.

Meta Platforms Trading Up 0.3 %

Shares of NASDAQ:META opened at $689.18 on Friday. The firm has a fifty day moving average of $613.60 and a two-hundred day moving average of $565.78. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. Meta Platforms, Inc. has a 12-month low of $387.10 and a 12-month high of $710.79. The firm has a market capitalization of $1.74 trillion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 1.35 and a beta of 1.19.

Meta Platforms (NASDAQ:META – Get Free Report) last released its quarterly earnings data 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 39.74% and a net margin of 37.91%. During the same quarter in the previous year, the business earned $5.33 earnings per share. On average, equities analysts expect that Meta Platforms, Inc. will post 25.44 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 dividend on an annualized basis and a yield of 0.29%. Meta Platforms’s dividend payout ratio is currently 8.36%.

Institutional Trading of Meta Platforms

Institutional investors have recently added to or reduced their stakes in the business. Susquehanna Fundamental Investments LLC bought a new stake in Meta Platforms in the second quarter worth $1,559,000. Quarry LP boosted its stake in shares of Meta Platforms by 208.3% during the 2nd quarter. Quarry LP now owns 259 shares of the social networking company’s stock worth $131,000 after acquiring an additional 175 shares in the last quarter. Truist Financial Corp increased its holdings in shares of Meta Platforms by 4.4% during the 2nd quarter. Truist Financial Corp now owns 886,858 shares of the social networking company’s stock valued at $447,171,000 after acquiring an additional 36,981 shares during the last quarter. Advisory Alpha LLC raised its stake in shares of Meta Platforms by 30.4% in the 2nd quarter. Advisory Alpha LLC now owns 4,294 shares of the social networking company’s stock valued at $2,165,000 after acquiring an additional 1,002 shares in the last quarter. Finally, Graham Capital Wealth Management LLC acquired a new stake in Meta Platforms in the 2nd quarter worth approximately $201,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on META. Wedbush reaffirmed an “outperform” rating and issued a $770.00 price objective (up previously from $700.00) on shares of Meta Platforms in a report on Thursday. Monness Crespi & Hardt increased their price objective on Meta Platforms from $620.00 to $660.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC restated an “underperform” rating on shares of Meta Platforms in a research report on Monday, January 27th. Barclays boosted their price target on Meta Platforms from $630.00 to $705.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Piper Sandler raised their price target on Meta Platforms from $670.00 to $775.00 and gave the company an “overweight” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $706.76.

View Our Latest Stock Report on META

Meta Platforms Company Profile

(Get Free Report)

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.

Featured Articles