Key Points
- Meta COO Javier Olivan sold 517 shares on December 8 at an average price of $669.63 for $346,198.71, leaving him with 13,751 shares — a 3.62% reduction in his holdings.
- Olivan has executed a string of staged sales since early October (multiple 517-share lots and a 2,610-share sale on Nov. 15), signaling a repetitive, ongoing reduction of his stake.
- Meta recently beat Q3 estimates with $7.25 EPS and $51.24B revenue (up 26.2% YoY), announced a quarterly dividend of $0.525 (annual $2.10, yield ~0.3%), and trades near a market cap of ~$1.64 trillion with a 50-day/200-day moving average of $668.73/$707.04.
Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 517 shares of the business's stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $669.63, for a total value of $346,198.71. Following the completion of the sale, the chief operating officer directly owned 13,751 shares in the company, valued at approximately $9,208,082.13. The trade was a 3.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Javier Olivan also recently made the following trade(s):
- On Monday, December 1st, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $639.03, for a total value of $330,378.51.
- On Monday, November 24th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $598.54, for a total value 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 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 stock was 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 stock was sold at an average price of $749.57, for a total transaction 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 transaction 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 transaction 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.
Meta Platforms Stock Down 1.0%
Meta Platforms stock opened at $650.13 on Thursday. The stock has a market cap of $1.64 trillion, a PE ratio of 28.72, a P/E/G ratio of 1.38 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98. The stock's fifty day moving average is $668.73 and its two-hundred day moving average is $707.04. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25.
Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping the consensus estimate of $6.74 by $0.51. The business had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The business's quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter last year, the company earned $6.03 EPS. On average, sell-side analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.
Meta Platforms Announces Dividend
The company also recently disclosed 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. 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 dividend payout ratio (DPR) is presently 9.28%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in META. Vanguard Group Inc. increased its holdings in Meta Platforms by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 192,591,101 shares of the social networking company's stock valued at $142,149,566,000 after acquiring an additional 1,532,568 shares in the last quarter. State Street Corp grew its holdings in Meta Platforms by 1.9% during the 2nd 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 last quarter. Kingstone Capital Partners Texas LLC increased its position in Meta Platforms by 608,429.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company's stock worth $44,119,937,000 after buying an additional 59,766,000 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Meta Platforms by 1.3% in the second quarter. Geode Capital Management LLC now owns 51,575,209 shares of the social networking company's stock worth $37,902,948,000 after acquiring an additional 682,768 shares during the last quarter. Finally, Capital World Investors lifted its position in shares of Meta Platforms by 0.7% in the third quarter. Capital World Investors now owns 39,247,690 shares of the social networking company's stock valued at $28,823,375,000 after acquiring an additional 278,180 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the company. Stifel Nicolaus reduced their target price on Meta Platforms from $900.00 to $875.00 and set a "buy" rating for the company in a report on Thursday, October 30th. Truist Financial reduced their price target on shares of Meta Platforms from $900.00 to $875.00 and set a "buy" rating for the company in a research report on Thursday, October 30th. Jefferies Financial Group lowered their price objective on shares of Meta Platforms from $950.00 to $910.00 and set a "buy" rating on the stock in a research report on Thursday, October 30th. Needham & Company LLC restated a "hold" rating on shares of Meta Platforms in a research note on Thursday, October 30th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Meta Platforms in a report on Tuesday, October 14th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $821.63.
View Our Latest Stock Report on META
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.
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