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

by · The Markets Daily

Meta Platforms, Inc. (NASDAQ:META – Get Free Report) COO Javier Olivan sold 517 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $646.00, for a total value of $333,982.00. Following the completion of the sale, the chief operating officer owned 13,234 shares of the company’s stock, valued at approximately $8,549,164. This trade represents a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • 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 transaction 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 transaction of $330,378.51.
  • On Monday, November 24th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $598.54, for a total transaction of $309,445.18.
  • On Monday, November 17th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $604.23, for a total transaction of $312,386.91.
  • On Saturday, November 15th, Javier Olivan sold 2,610 shares of Meta Platforms stock. The stock was sold at an average price of $609.46, for a total transaction of $1,590,690.60.
  • On Monday, November 10th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $631.00, for a total value of $326,227.00.
  • On Monday, November 3rd, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $656.00, for a total value of $339,152.00.
  • On Monday, October 27th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $749.57, for a total value of $387,527.69.
  • On Monday, October 20th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $721.30, for a total value of $372,912.10.
  • On Monday, October 13th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $713.34, for a total value of $368,796.78.

Meta Platforms Stock Performance

NASDAQ:META traded down $7.65 during midday trading on Wednesday, hitting $649.50. The company’s stock had a trading volume of 14,882,730 shares, compared to its average volume of 15,519,580. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98. The firm has a market cap of $1.64 trillion, a P/E ratio of 28.69, a P/E/G ratio of 1.36 and a beta of 1.28. The firm’s 50 day moving average is $663.44 and its 200-day moving average is $707.81.

Meta Platforms (NASDAQ:META – Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, beating the consensus estimate of $6.74 by $0.51. The business had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period in the previous year, the business posted $6.03 EPS. Equities analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Monday, December 15th will be paid a dividend of $0.525 per share. The ex-dividend date is Monday, December 15th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is presently 9.28%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on META shares. Truist Financial decreased their price target on Meta Platforms from $900.00 to $875.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,117.00 price objective on shares of Meta Platforms in a report on Friday, December 5th. Zacks Research lowered shares of Meta Platforms from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Benchmark cut Meta Platforms from a “buy” rating to a “hold” rating in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada reduced their price target on Meta Platforms from $840.00 to $810.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $819.46.

Get Our Latest Research Report on Meta Platforms

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of META. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in Meta Platforms by 0.4% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,506 shares of the social networking company’s stock valued at $2,587,000 after purchasing an additional 13 shares during the last quarter. Pachira Investments Inc. boosted its stake in Meta Platforms by 3.0% during the 2nd quarter. Pachira Investments Inc. now owns 488 shares of the social networking company’s stock worth $360,000 after purchasing an additional 14 shares during the last quarter. Hemington Wealth Management grew its holdings in shares of Meta Platforms by 0.6% during the second quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company’s stock worth $1,641,000 after buying an additional 14 shares in the last quarter. Trust Co of the South raised its position in shares of Meta Platforms by 0.8% in the third quarter. Trust Co of the South now owns 1,850 shares of the social networking company’s stock valued at $1,359,000 after buying an additional 14 shares during the last quarter. Finally, Sentinel Pension Advisors LLC raised its position in shares of Meta Platforms by 1.6% in the third quarter. Sentinel Pension Advisors LLC now owns 915 shares of the social networking company’s stock valued at $672,000 after buying an additional 14 shares during the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.

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.

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