Insider Selling: Meta Platforms (NASDAQ:META) COO Sells $330,378.51 in Stock

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) COO Javier Olivan sold 517 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $639.03, for a total value of $330,378.51. Following the completion of the transaction, the chief operating officer owned 14,268 shares of the company’s stock, valued at approximately $9,117,680.04. This represents a 3.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Monday, November 24th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were 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 shares were 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 shares were 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 stock was sold at an average price of $631.00, for a total transaction of $326,227.00.
  • On Monday, November 3rd, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $656.00, for a total transaction of $339,152.00.
  • On Monday, October 27th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were 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 stock was 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.
  • On Monday, October 6th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $704.81, for a total value of $364,386.77.
  • On Monday, September 29th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $748.72, for a total value of $387,088.24.

Meta Platforms Stock Performance

Shares of META opened at $673.42 on Friday. The firm has a market cap of $1.70 trillion, a price-to-earnings ratio of 29.74, a PEG ratio of 1.39 and a beta of 1.28. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $673.16 and its two-hundred day moving average is $706.04. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25.

Meta Platforms (NASDAQ:METAGet Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. The business had revenue of $51.24 billion during the quarter, compared to analyst estimates of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business’s revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.03 earnings per share. Analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Monday, December 15th will be given a $0.525 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms’s payout ratio is presently 9.28%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on META shares. Stifel Nicolaus reduced their price target on shares of Meta Platforms from $900.00 to $875.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. BNP Paribas assumed coverage on Meta Platforms in a report on Monday, November 24th. They set an “outperform” rating and a $800.00 target price on the stock. Roth Capital reiterated a “buy” rating on shares of Meta Platforms in a research report on Thursday, October 30th. TD Cowen dropped their price target on Meta Platforms from $875.00 to $810.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Meta Platforms in a research note on Monday. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Meta Platforms has an average rating of “Moderate Buy” and an average target price of $819.43.

View Our Latest Stock Analysis on Meta Platforms

Hedge Funds Weigh In On Meta Platforms

Hedge funds and other institutional investors have recently modified their holdings of the company. Saranac Partners Ltd bought a new stake in shares of Meta Platforms in the third quarter valued at approximately $1,120,000. Severin Investments LLC increased its position in Meta Platforms by 11.7% during the third quarter. Severin Investments LLC now owns 2,599 shares of the social networking company’s stock worth $1,909,000 after acquiring an additional 272 shares during the period. Allworth Financial LP raised its stake in Meta Platforms by 14.5% during the 3rd quarter. Allworth Financial LP now owns 86,688 shares of the social networking company’s stock valued at $63,662,000 after purchasing an additional 10,946 shares during the last quarter. IFP Advisors Inc boosted its holdings in Meta Platforms by 1.0% in the 3rd quarter. IFP Advisors Inc now owns 31,391 shares of the social networking company’s stock valued at $23,066,000 after purchasing an additional 322 shares during the period. Finally, Swiss Life Asset Management Ltd grew its position in Meta Platforms by 1.9% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 702,996 shares of the social networking company’s stock worth $516,266,000 after purchasing an additional 13,261 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

About Meta Platforms

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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.

Further Reading

Insider Buying and Selling by Quarter for Meta Platforms (NASDAQ:META)

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