Meta Platforms, Inc. COO Javier Olivan Sells Shares

On March 17th, Javier Olivan, the Chief Operating Officer of Meta Platforms, Inc. (NASDAQ:META), made headlines by selling 608 shares of the company's stock. The shares were sold at an average price of $607.50 each, leading to a total transaction value of $369,360. Following this transaction, Olivan's direct ownership in Meta involves 7,446 shares, which have an estimated value of around $4,523,445. This recent sale marks a decrease of 7.55% in his total ownership of Meta stock. Details of the sale were officially reported in a filing with the SEC, which can be found through the SEC's website.

In addition to this sale, Javier Olivan has engaged in several other sales of Meta stock in recent weeks. On March 10th, he sold 608 shares at an average price of $609.00, totaling $370,272.00. Earlier, on March 3rd, another sale of 608 shares occurred at an average price of $673.96, summing up to $409,767.68. Notably, on February 24th, he sold 608 shares at an average price of $686.28, bringing in a total of $417,258.24. Each of these transactions indicates a pattern of sharing sales made by the COO in a relatively short period of time.

Recent Financial Performance of Meta Platforms

Meta Platforms' stock opened at $584.06 on Thursday. Over the last fifty days, the simple moving average for the stock has been $656.27, while the 200-day moving average stands at $604.69. The company is well-positioned financially with a quick ratio of 2.98 and a current ratio of 2.98. Moreover, the debt-to-equity ratio is a modest 0.16. As of now, Meta has a market capitalization of $1.48 trillion, alongside a price-to-earnings (PE) ratio of 24.42 and a price-to-earnings-growth (PEG) ratio of 1.42. The stock's performance has varied within the last year, showing a 52-week low of $414.50 and a high of $740.91.

Meta Platforms' Recent Dividend Announcement

In addition, Meta Platforms recently declared a quarterly dividend schedule. This dividend will be paid out on March 26th, with investors of record as of March 14th set to receive $0.525 per share. This results in an annualized dividend of $2.10, reflecting a yield of 0.36%. This revision in the dividend is an increase from the previous dividend amount of $0.50 and suggests a solid financial footing for the company, given a dividend payout ratio (DPR) of just 8.78%.

Institutional Holdings and Market Predictions

Various institutional investors have shown activity in their Meta Platforms holdings. In the third quarter, JDM Financial Group LLC bought a new stake valued at $30,000, while Safe Harbor Fiduciary LLC acquired shares worth approximately $36,000. Additionally, Millstone Evans Group LLC and Avondale Wealth Management also made noteworthy acquisitions in the fourth quarter, valued at about $40,000 and $41,000, respectively. Currently, institutional investors and hedge funds control about 79.91% of Meta's stock.

Wall Street Analysts' Predictions for Meta

Recent analyses from several research firms indicate a positive outlook for Meta. For example, Rosenblatt Securities reaffirmed a 'buy' rating with a price target of $811.00. Similarly, Benchmark upgraded Meta shares from a 'hold' to a 'buy' rating, setting their price target at $820.00. Other analysts, including BMO Capital Markets and Morgan Stanley, also adjusted their price targets upwards, highlighting a growing optimism surrounding the company's future performance. Currently, Meta holds a consensus rating of 'Moderate Buy,' with an average price target of $718.31.

About Meta Platforms

Meta Platforms, Inc. is engaged in creating products that facilitate communication and connection among people worldwide. The company operates through two main segments: Family of Apps and Reality Labs. The Family of Apps segment includes popular services like Facebook, Instagram, Messenger, and WhatsApp.

Meta, Olivan, Shares