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

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $717.50, for a total transaction of $370,947.50. Following the completion of the transaction, the chief operating officer owned 6,819 shares of the company's stock, valued at $4,892,632.50. The trade was a 7.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, July 7th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $717.51, for a total transaction of $370,952.67.
• On Monday, June 30th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $740.97, for a total transaction of $383,081.49.
• On Monday, June 23rd, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $683.47, for a total transaction of $353,353.99.
• On Monday, June 16th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $699.27, for a total transaction of $361,522.59.
• On Monday, June 9th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $698.00, for a total transaction of $360,866.00.
• On Monday, June 2nd, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $644.93, for a total transaction of $333,428.81.
• On Tuesday, May 27th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $635.41, for a total transaction of $328,506.97.
• On Monday, May 19th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $628.25, for a total transaction of $324,805.25.
• On Thursday, May 15th, Javier Olivan sold 2,615 shares of Meta Platforms stock. The shares were sold at an average price of $659.36, for a total transaction of $1,724,226.40.
• On Monday, May 12th, Javier Olivan sold 608 shares of Meta Platforms stock. The shares were sold at an average price of $631.25, for a total transaction of $383,800.00.

Meta Platforms Stock Up 0.4%

Meta Platforms stock traded up $2.87 during mid-day trading on Friday, reaching $704.28. The stock had a trading volume of 12,743,944 shares, compared to its average volume of 14,339,592. The company has a market capitalization of $1.77 trillion, a price-to-earnings ratio of 27.47, a PEG ratio of 1.72 and a beta of 1.28. The company has a 50-day moving average price of $686.09 and a two-hundred day moving average price of $637.97. Meta Platforms, Inc. has a one year low of $442.65 and a one year high of $747.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.66 and a quick ratio of 2.66.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.33 by $1.10. Meta Platforms had a net margin of 39.11% and a return on equity of 38.69%. The company had revenue of $42.31 billion for the quarter, compared to analysts' expectations of $41.45 billion. During the same quarter in the previous year, the business posted $4.71 EPS. Meta Platforms's revenue was up 16.1% compared to the same quarter last year. On average, analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, June 16th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend was Monday, June 16th. Meta Platforms's dividend payout ratio (DPR) is 8.19%.

Hedge Funds Weigh In On Meta Platforms

A number of hedge funds have recently bought and sold shares of the business. CHURCHILL MANAGEMENT Corp lifted its stake in shares of Meta Platforms by 0.3% in the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 39,627 shares of the social networking company's stock worth $29,248,000 after purchasing an additional 113 shares during the period. Wiser Wealth Management Inc grew its position in shares of Meta Platforms by 11.1% during the 2nd quarter. Wiser Wealth Management Inc now owns 928 shares of the social networking company's stock valued at $685,000 after acquiring an additional 93 shares during the period. EWA LLC grew its position in shares of Meta Platforms by 4.5% during the 2nd quarter. EWA LLC now owns 7,872 shares of the social networking company's stock valued at $5,810,000 after acquiring an additional 338 shares during the period. Pinnacle Investment Management Ltd grew its position in shares of Meta Platforms by 500.0% during the 2nd quarter. Pinnacle Investment Management Ltd now owns 3,000 shares of the social networking company's stock valued at $2,214,000 after acquiring an additional 2,500 shares during the period. Finally, Northstar Group Inc. grew its position in shares of Meta Platforms by 0.3% during the 2nd quarter. Northstar Group Inc. now owns 24,542 shares of the social networking company's stock valued at $18,114,000 after acquiring an additional 81 shares during the period. Hedge funds and other institutional investors own 79.91% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Scotiabank dropped their target price on shares of Meta Platforms from $627.00 to $525.00 and set a "sector perform" rating for the company in a research report on Monday, April 21st. Evercore ISI lifted their price target on shares of Meta Platforms from $725.00 to $750.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Benchmark decreased their price target on shares of Meta Platforms from $820.00 to $640.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Loop Capital lifted their price target on shares of Meta Platforms from $695.00 to $888.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Moffett Nathanson lifted their price target on shares of Meta Platforms from $525.00 to $605.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Five research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $736.05.

About Meta Platforms

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.