Javier Olivan Sells Shares of Meta Platforms, Inc. Stock

On October 18th, Javier Olivan, the Chief Operating Officer (COO) of Meta Platforms, Inc. (NASDAQ:META), sold 413 shares of the company's stock in a transaction valued at $239,808.45. The shares were sold at an average price of $580.65 each. After this sale, Olivan retains ownership of 11,120 shares of Meta, worth approximately $6,456,828. This sale reflects a minimal change, with a 0.00% decrease in his overall shareholding.

The details of this transaction were submitted in a filing to the Securities and Exchange Commission (SEC), which is available for public access.

Other recent transactions by Javier Olivan include:

• On October 11th, he sold another 413 shares for $241,534.79 at an average price of $584.83.
• On October 4th, he sold 413 shares at an average price of $583.73, totaling $241,080.49.
• On September 27th, he sold shares for a total value of $235,410.00 at an average price of $570.00.
• He also sold shares on September 20th, 13th, 6th, 30th, and 15th, with varying total sales values and average prices.
• Earlier, on August 15th, he sold a larger batch of 4,900 shares, accumulating $2,581,124.00 at an average sale price of $526.76.

Current Market Performance of Meta Platforms

On the latest trading day, Meta Platforms stock rose by 1.2%, closing at $582.01. Trading volume reached 8,523,116 shares against an average volume of approximately 15 million. The current price is significantly above the 52-week low of $279.40 and below the high of $602.95. Meta’s market capitalization stands at around $1.48 trillion, with a price-to-earnings (P/E) ratio of 33.43.

Recent Earnings Report and Dividend Announcement

Meta Platforms recently reported their earnings results, showing financial gains. They declared an earnings per share (EPS) of $5.16 for the quarter, outperforming the analysts' estimates of $4.70, with a remarkable revenue of $39.07 billion.

The company also announced a quarterly cash dividend of $0.50 per share, which was paid on September 26th, following a declaration effective for stockholders on record as of September 16th.

Analyst Ratings and Institutional Holdings

Meta Platforms has been the subject of various analyst upgrades and downgrades. Positive adjustments in price targets were made by firms like Wells Fargo and Bank of America.

Institutional investors have shown increased interest in Meta, with notable purchases noted in the last quarters.

Overall, the stock remains at a "Moderate Buy" rating from analysts, with many projecting a strong outlook for the company moving forward.

Meta, Shares, Sale