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

Key Points

  • Meta COO Javier Olivan sold 517 shares on Dec. 1 at an average price of $639.03 for $330,378.51, leaving him with 14,268 shares valued at about $9.12 million (a 3.5% stake reduction).
  • Olivan has been selling regularly since late September — multiple 517-share transactions and a larger 2,610-share sale on Nov. 15 — representing ongoing insider liquidation of several million dollars.
  • Meta recently beat quarterly estimates (EPS $7.25 vs. $6.74) and announced a $0.525 quarterly dividend (ex-dividend Dec. 15), while analysts maintain a "Moderate Buy" consensus with an average target around $821.63.

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $639.03, for a total transaction of $330,378.51. Following the completion of the transaction, the chief operating officer directly owned 14,268 shares of the company's stock, valued at $9,117,680.04. This trade represents a 3.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 stock was sold at an average price of $609.46, for a total value 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 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 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 shares were 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 stock was sold at an average price of $704.81, for a total transaction 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 transaction of $387,088.24.

Meta Platforms Stock Performance




Meta Platforms stock opened at $639.60 on Thursday. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25. The stock has a 50-day simple moving average of $676.31 and a 200 day simple moving average of $706.12. 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 stock has a market capitalization of $1.61 trillion, a price-to-earnings ratio of 28.25, a P/E/G ratio of 1.36 and a beta of 1.28.

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, topping analysts' consensus estimates of $6.74 by $0.51. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The firm had revenue of $51.24 billion during the quarter, compared to analyst estimates of $49.34 billion. During the same period last year, the company earned $6.03 earnings per share. The company's revenue was up 26.2% on a year-over-year basis. On average, research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on META. BNP Paribas assumed coverage on shares of Meta Platforms in a research report on Monday, November 24th. They issued an "outperform" rating and a $800.00 target price for the company. UBS Group upped their target price on Meta Platforms from $900.00 to $915.00 and gave the stock a "buy" rating in a report on Thursday, October 30th. Truist Financial dropped their price objective on Meta Platforms from $900.00 to $875.00 and set a "buy" rating on the stock in a research note on Thursday, October 30th. Weiss Ratings reissued a "buy (b)" rating on shares of Meta Platforms in a report on Monday. Finally, Cantor Fitzgerald cut their price target on shares of Meta Platforms from $830.00 to $720.00 and set an "overweight" rating for the company in a research note on Wednesday, November 19th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Meta Platforms presently has an average rating of "Moderate Buy" and an average target price of $821.63.

View Our Latest Analysis on Meta Platforms

Institutional Trading of Meta Platforms

Hedge funds have recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC increased its stake 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 buying an additional 59,766,000 shares during the last quarter. Norges Bank purchased a new stake in Meta Platforms during the second quarter valued at about $23,155,393,000. Laurel Wealth Advisors LLC raised its position in shares of Meta Platforms by 73,443.1% in the second quarter. Laurel Wealth Advisors LLC now owns 8,417,003 shares of the social networking company's stock valued at $6,212,506,000 after purchasing an additional 8,405,558 shares during the period. Nuveen LLC purchased a new stake in shares of Meta Platforms during the first quarter worth $2,990,544,000. Finally, State Street Corp increased its position in shares of Meta Platforms by 1.9% during the second quarter. State Street Corp now owns 86,925,674 shares of the social networking company's stock valued at $64,158,971,000 after buying an additional 1,650,435 shares during the period. Institutional investors own 79.91% of the company's stock.

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.

Further Reading

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

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