Javier Olivan Sells 608 Shares of Meta Platforms, Inc. (NASDAQ:META) Stock

On March 17th, Javier Olivan, the Chief Operating Officer of Meta Platforms, Inc. (NASDAQ:META), sold 608 shares of the company's stock. The shares were sold at an average price of $607.50 each, amounting to a total sale value of $369,360.00. As a result of this transaction, Olivan now holds 7,446 shares in Meta Platforms, which are valued at around $4,523,445. This sale represents a 7.55% decrease in his overall stock ownership.

The transaction was detailed in a filing made with the Securities and Exchange Commission (SEC), which is accessible online.

Recent Share Transactions by Javier Olivan

Recently, Javier Olivan has made several other significant transactions involving Meta Platforms shares. On March 10th, he sold 608 shares at an average price of $609.00, totaling around $370,272.00. On March 3rd, he again sold 608 shares, but this time at an average price of $673.96, bringing in $409,767.68. Prior to that, on February 24th, he sold shares at an average price of $686.28, which totaled $417,258.24. In another transaction on February 18th, he sold 608 shares at an average price of $736.07, for $447,530.56 in total. The largest recent transaction occurred on February 15th, when Olivan sold 4,706 shares at an average price of $736.67, amounting to $3,466,769.02. These actions reflect a consistent pattern of share sales, indicating a strategic approach to managing his stock portfolio.

Meta Platforms Stock Performance

On the day following Olivan's latest stock sale, Meta Platforms saw its share price rise by $1.70, closing at $584.06. Approximately 20,489,215 shares changed hands, considerably above its average volume of 13,669,831 shares. The company's 50-day moving average stands at $656.80, while the 200-day moving average is at $604.84. The current market capitalization of Meta Platforms is approximately $1.48 trillion, with a price-to-earnings (P/E) ratio of 24.42. The stock has seen a 1-year low of $414.50 and a high of $740.91.

Meta Platforms' Dividend Increase

Meta Platforms recently announced an increase in its quarterly dividend, which is set to be paid on March 26th. Shareholders who were on record as of March 14th will receive a dividend of $0.525 per share, up from the previous $0.50. This dividend increase reflects the company's healthy financial standing and commitment to returning value to its shareholders.

Analyst Ratings for Meta Platforms

Various analysts have recently provided updated ratings and price targets for Meta Platforms. Wolfe Research increased its price target from $670.00 to $730.00, while Jefferies Financial Group raised its target from $675.00 to $715.00. Barclays and Morgan Stanley also boosted their targets, indicating positive sentiment about the company's stock. Currently, Meta Platforms holds a consensus rating of "Moderate Buy" among analysts, with a significant majority recommending the stock as a buying opportunity.

Institutional Investment Trends

Institutional investors have been actively managing their positions in Meta Platforms. New stakes have been established by firms, such as JDM Financial Group LLC and Safe Harbor Fiduciary LLC, highlighting ongoing interest in the company. Currently, institutional investors hold about 79.91% of the total stock, indicating strong institutional backing for Meta Platforms.

Overview of Meta Platforms, Inc.

Meta Platforms, Inc. focuses on developing products that allow people to connect and share experiences through various platforms, including mobile devices and virtual reality. Their key segments include Family of Apps, which consists of Facebook, Instagram, and WhatsApp.

Javier, Meta, Stock