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

Key Points

  • Meta COO Javier Olivan sold 517 shares on December 15 at an average price of $646 (proceeds ~$333,982), leaving him with 13,234 shares — a 3.76% reduction, disclosed in an SEC filing.
  • The December sale is part of a pattern of regular dispositions (multiple 517-share transactions plus a 2,610-share sale on Nov. 15), indicating ongoing insider selling.
  • Meta declared a quarterly dividend of $0.525 per share (annualized $2.10) with an ex-dividend date of Dec. 15 and pay date Dec. 23; the stock traded around $663 (up 2.1%) and carries a consensus analyst price target near $819.

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 517 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $646.00, for a total transaction of $333,982.00. Following the completion of the sale, the chief operating officer directly owned 13,234 shares of the company's stock, valued at $8,549,164. The trade was a 3.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Monday, December 8th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $669.63, for a total transaction of $346,198.71.
  • 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 shares were 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 stock was sold at an average price of $604.23, for a total value 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 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 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 shares were 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 shares were 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.

Meta Platforms Stock Up 2.1%




META traded up $13.65 during trading hours on Thursday, reaching $663.15. 2,045,584 shares of the stock traded hands, compared to its average volume of 15,460,533. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The company has a market cap of $1.67 trillion, a price-to-earnings ratio of 29.30, a PEG 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 firm's fifty day simple moving average is $662.07 and its two-hundred day simple moving average is $707.40.

Meta Platforms (NASDAQ:META - Get Free Report) last issued 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. The firm had revenue of $51.24 billion for 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 firm's revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.03 EPS. As a group, analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Monday, December 15th will be paid 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 (DPR) is 9.28%.

Analysts Set New Price Targets

A number of brokerages have issued reports on META. Roth Capital reaffirmed a "buy" rating on shares of Meta Platforms in a research report on Thursday, October 30th. Wall Street Zen cut shares of Meta Platforms from a "buy" rating to a "hold" rating in a report on Saturday, November 1st. Wedbush reissued an "outperform" rating and issued a $920.00 target price on shares of Meta Platforms in a research report on Thursday, October 30th. Bank of America decreased their price target on Meta Platforms from $900.00 to $810.00 and set a "buy" rating for the company in a research note on Thursday, October 30th. Finally, JPMorgan Chase & Co. lowered their price objective on Meta Platforms from $875.00 to $800.00 and set an "overweight" rating for the company in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $819.46.

Check Out Our Latest Analysis on Meta Platforms

Hedge Funds Weigh In On Meta Platforms

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Meta Platforms by 0.8% in the second quarter. Vanguard Group Inc. now owns 192,591,101 shares of the social networking company's stock worth $142,149,566,000 after buying an additional 1,532,568 shares during the period. State Street Corp grew its stake in shares of Meta Platforms by 1.9% in the second quarter. State Street Corp now owns 86,925,674 shares of the social networking company's stock worth $64,158,971,000 after purchasing an additional 1,650,435 shares in the last quarter. Kingstone Capital Partners Texas LLC increased its holdings in shares of 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 valued at $44,119,937,000 after purchasing an additional 59,766,000 shares during the period. Geode Capital Management LLC lifted its holdings in 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 purchasing an additional 682,768 shares during the period. Finally, Capital World Investors grew its position in Meta Platforms by 0.7% in the 3rd quarter. Capital World Investors now owns 39,247,690 shares of the social networking company's stock valued at $28,823,375,000 after buying an additional 278,180 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

About Meta Platforms

(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.

See Also

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

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