Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan Sells 4,900 Shares

Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan sold 4,900 shares of Meta Platforms stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $526.76, for a total transaction of $2,581,124.00. Following the sale, the chief operating officer now owns 10,438 shares in the company, valued at approximately $5,498,320.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, August 1st, Javier Olivan sold 412 shares of Meta Platforms stock. The shares were sold at an average price of $521.48, for a total transaction of $214,849.76.
• On Thursday, July 25th, Javier Olivan sold 412 shares of Meta Platforms stock. The stock was sold at an average price of $463.00, for a total transaction of $190,756.00.
• On Thursday, July 18th, Javier Olivan sold 412 shares of Meta Platforms stock. The stock was sold at an average price of $474.86, for a total transaction of $195,642.32.
• On Thursday, July 11th, Javier Olivan sold 412 shares of Meta Platforms stock. The stock was sold at an average price of $530.81, for a total transaction of $218,693.72.
• On Friday, July 5th, Javier Olivan sold 412 shares of Meta Platforms stock. The stock was sold at an average price of $512.00, for a total transaction of $210,944.00.
• On Thursday, June 27th, Javier Olivan sold 412 shares of Meta Platforms stock. The stock was sold at an average price of $514.41, for a total transaction of $211,936.92.
• On Thursday, June 20th, Javier Olivan sold 412 shares of Meta Platforms stock. The stock was sold at an average price of $502.00, for a total transaction of $206,824.00.
• On Thursday, June 13th, Javier Olivan sold 412 shares of Meta Platforms stock. The stock was sold at an average price of $505.75, for a total transaction of $208,369.00.
• On Thursday, June 6th, Javier Olivan sold 412 shares of Meta Platforms stock. The stock was sold at an average price of $492.98, for a total transaction of $203,107.76.
• On Thursday, May 30th, Javier Olivan sold 412 shares of Meta Platforms stock. The stock was sold at an average price of $471.67, for a total transaction of $194,328.04.

Meta Platforms Price Performance

NASDAQ META opened at $535.16 on Thursday. The stock’s 50-day moving average price is $501.93 and its two-hundred day moving average price is $490.13. The company has a current ratio of 2.83, a quick ratio of 2.68 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.36 trillion, a PE ratio of 30.74, a PEG ratio of 1.27 and a beta of 1.21. Meta Platforms, Inc. has a 1 year low of $276.03 and a 1 year high of $542.81.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, July 31st. The social networking company reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.70 by $0.46. The company had revenue of $39.07 billion for the quarter, compared to the consensus estimate of $38.26 billion. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.23 EPS. On average, analysts predict that Meta Platforms, Inc. will post 20.5 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Friday, June 14th were paid a $0.50 dividend. The ex-dividend date was Friday, June 14th. This represents a $2.00 annualized dividend and a dividend yield of 0.37%. Meta Platforms’s payout ratio is 11.49%.

Institutional Investors Weigh In On Meta Platforms

Several large investors have recently made changes to their positions in META. Tennessee Valley Asset Management Partners boosted its position in Meta Platforms by 0.6% during the fourth quarter. Tennessee Valley Asset Management Partners now owns 4,566 shares of the social networking company’s stock worth $1,616,000 after purchasing an additional 27 shares during the period. Criterion Capital Advisors LLC bought a new stake in Meta Platforms during the fourth quarter worth approximately $45,000. Riggs Asset Managment Co. Inc. boosted its position in Meta Platforms by 54,888.9% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 4,949 shares of the social networking company’s stock worth $1,752,000 after purchasing an additional 4,940 shares during the period. CWM LLC boosted its position in Meta Platforms by 15.4% during the fourth quarter. CWM LLC now owns 221,238 shares of the social networking company’s stock worth $78,309,000 after purchasing an additional 29,465 shares during the period. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Meta Platforms by 8.5% during the fourth quarter. Handelsbanken Fonder AB now owns 750,373 shares of the social networking company’s stock worth $265,602,000 after buying an additional 58,650 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Analysts Set New Price Targets

META has been the subject of a number of research reports. Piper Sandler lifted their price objective on shares of Meta Platforms from $545.00 to $575.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Benchmark reissued a “hold” rating on shares of Meta Platforms in a report on Thursday, July 25th. BMO Capital Markets reissued a “market perform” rating and set a $450.00 price target on shares of Meta Platforms in a report on Wednesday, June 12th. Bank of America upped their price objective on shares of Meta Platforms from $550.00 to $563.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Canaccord Genuity Group reduced their price objective on shares of Meta Platforms from $610.00 to $575.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $574.41.

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.