Meta Platforms, Inc. (NASDAQ:META) COO Sells $369,655.00 in Stock

Key Points

• Meta Platforms COO Javier Olivan sold 517 shares at an average price of $715, totaling $369,655, leading to an 8.20% decrease in his ownership stake, now holding 5,785 shares.
• The company's stock ended trading at $695.21 with a year high of $747.90, reflecting a market cap of $1.75 trillion and a P/E ratio of 27.11.
• Meta recently posted an EPS of $7.14 for the last quarter, exceeding estimates, and announced a quarterly dividend of $0.525 per share, equating to an annualized yield of 0.30%.

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 517 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $715.00, for a total value of $369,655.00. Following the sale, the chief operating officer directly owned 5,785 shares in the company, valued at approximately $4,136,275. This represents a 8.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, July 21st, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $706.41, for a total value of $365,213.97.
• On Monday, July 14th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $717.50, for a total value of $370,947.50.
• On Monday, July 7th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $717.51, for a total value of $370,952.67.
• On Monday, June 30th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $740.97, for a total value of $383,081.49.
• On Monday, June 23rd, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $683.47, for a total value of $353,353.99.
• On Monday, June 16th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $699.27, for a total value of $361,522.59.
• On Monday, June 9th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $698.00, for a total value of $360,866.00.
• On Monday, June 2nd, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $644.93, for a total value of $333,428.81.
• On Tuesday, May 27th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $635.41, for a total value of $328,506.97.
• On Monday, May 19th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $628.25, for a total value of $324,805.25.

Meta Platforms Price Performance

META traded down $4.79 during trading on Wednesday, reaching $695.21. The company's stock had a trading volume of 26,166,475 shares, compared to its average volume of 15,458,581. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $695.28 and a two-hundred day simple moving average of $643.11. Meta Platforms, Inc. has a 1 year low of $450.80 and a 1 year high of $747.90. The company has a market cap of $1.75 trillion, a price-to-earnings ratio of 27.11, a PEG ratio of 1.72 and a beta of 1.28.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.11% and a return on equity of 38.69%. As a group, analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Monday, June 16th were issued a dividend of $0.525 per share. The ex-dividend date was Monday, June 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.30%. Meta Platforms's dividend payout ratio is currently 8.19%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on META. Wedbush upped their target price on Meta Platforms from $680.00 to $750.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Monness Crespi & Hardt upped their target price on Meta Platforms from $775.00 to $780.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Stifel Nicolaus upped their target price on Meta Platforms from $655.00 to $845.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Wells Fargo & Company upped their target price on Meta Platforms from $664.00 to $783.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Finally, Scotiabank increased their price target on Meta Platforms from $525.00 to $675.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 22nd. Five analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $754.07.

Institutional Trading of Meta Platforms

A number of hedge funds and other institutional investors have recently made changes to their positions in META. Kingstone Capital Partners Texas LLC increased its holdings in Meta Platforms by 608,429.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company's stock valued at $44,119,937,000 after purchasing an additional 59,766,000 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Meta Platforms by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 49,181,127 shares of the social networking company's stock worth $28,719,970,000 after purchasing an additional 1,020,519 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Meta Platforms by 2.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 42,317,434 shares of the social networking company's stock valued at $24,777,282,000 after purchasing an additional 1,049,121 shares during the period. Capital World Investors increased its stake in Meta Platforms by 2.9% during the 4th quarter. Capital World Investors now owns 40,317,105 shares of the social networking company's stock worth $23,606,338,000 after buying an additional 1,141,355 shares during the period. Finally, GAMMA Investing LLC boosted its position in Meta Platforms by 67,172.9% in the 1st quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock valued at $13,517,178,000 after buying an additional 23,417,803 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

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.

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