Javier Olivan Sells 413 Shares of Meta Platforms, Inc. (NASDAQ:META) Stock

On October 18th, Javier Olivan, the Chief Operating Officer of Meta Platforms, Inc. (NASDAQ:META), sold 413 shares of the company's stock. The shares were sold at an average price of $580.65, which resulted in a total transaction value of $239,808.45. After this sale, Olivan now holds 11,120 shares in Meta, amounting to approximately $6,456,828 in value. This sale reflects no change in his overall ownership percentage, a 0.00% decrease. The details of this transaction were reported in a filing with the Securities and Exchange Commission (SEC), which is available for public access.

In addition to this recent transaction, Javier Olivan has been active in selling shares over the previous months. For instance, on October 11th, he sold another 413 shares at an average price of $584.83, bringing in $241,534.79. Earlier in October, on October 4th, he sold 413 shares at $583.73 for a total of $241,080.49. In September, he sold shares on several occasions, including 413 shares at $570.00, resulting in $235,410.00.

Meta Platforms has seen its stock move in response to various market conditions. On a recent Tuesday, stock prices rose by 1.2%, trading up to $582.01. The trading volume reached 8,523,116 shares, which is below the average of 15,139,533 shares. The company’s 50-day moving average is $547.72, while the 200-day moving average stands at $509.22. Over the past twelve months, the stock has fluctuated between a low of $279.40 and a high of $602.95. Meta Platforms has a market cap of $1.48 trillion and a P/E ratio of 33.43.

Financial Performance Overview

Most recently, Meta Platforms reported strong earnings results on July 31st, showing earnings per share (EPS) of $5.16, surpassing expectations of $4.70 by $0.46. The company posted a revenue of $39.07 billion, higher than analysts' predictions of $38.26 billion, and demonstrated a year-over-year revenue growth of 22.1%.

Dividend Declaration and Investor Activity

Meta also announced a quarterly dividend of $0.50 per share, which was paid out to shareholders on September 26th. This dividend represents an annualized yield of 0.34%. Alongside its positive financial performance, the company has seen various institutional investors making moves in its shares, with 79.91% of its stock now owned by hedge funds and institutional investors.

Analyst Recommendations

The company's stock has received mixed reviews from analysts. Recently, Wells Fargo raised their price target on the stock from $647.00 to $652.00, rating it as "overweight." Meanwhile, Bank of America upgraded its target from $563.00 to $630.00 and assigned a "buy" rating for the stock.

As analysts continue to discuss Meta Platforms’ outlook, it remains a focal point in discussions about social media and technology investments. The company is recognized for its significant role in the digital landscape and continues to adapt to changing market conditions.

Olivan, Meta, Shares