Meta Platforms (NASDAQ:META) COO Javier Olivan Sells 2,838 Shares of Stock

Key Points

• Meta COO Javier Olivan sold 2,838 shares at an average price of $616.71, generating approximately $1.75 million. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his ownership by 19.57% to 11,662 shares.
• Meta shares recently traded down 1.4% to $644.38, while the company’s latest quarterly revenue rose 28% year over year to $60.8 billion. However, earnings of $6.18 per share fell short of the $7.19 analyst consensus.
• Analysts remain broadly bullish, with a consensus rating of “Moderate Buy” and an average price target of $787.54; investors are weighing Meta’s AI growth opportunities against rising spending, talent-retention concerns and execution risks.

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 2,838 shares of the company's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $616.71, for a total transaction of $1,750,222.98. Following the transaction, the chief operating officer owned 11,662 shares in the company, valued at $7,192,072.02. The trade was a 19.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 8th, Javier Olivan sold 2,516 shares of Meta Platforms stock. The shares were sold at an average price of $616.44, for a total transaction of $1,550,963.04.
• On Monday, August 10th, Javier Olivan sold 434 shares of Meta Platforms stock. The stock was sold at an average price of $602.70, for a total transaction of $261,571.80.
• On Monday, August 10th, Javier Olivan sold 1,258 shares of Meta Platforms stock. The stock was sold at an average price of $600.00, for a total value of $754,800.00.
• On Monday, July 27th, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $607.85, for a total value of $382,337.65.
• On Monday, July 27th, Javier Olivan sold 837 shares of Meta Platforms stock. The shares were sold at an average price of $607.85, for a total value of $508,770.45.
• On Monday, July 20th, Javier Olivan sold 629 shares of Meta Platforms stock. The stock was sold at an average price of $645.85, for a total value of $406,239.65.
• On Monday, July 20th, Javier Olivan sold 837 shares of Meta Platforms stock. The shares were sold at an average price of $645.85, for a total value of $540,576.45.
• On Monday, July 6th, Javier Olivan sold 1,887 shares of Meta Platforms stock. The shares were sold at an average price of $600.62, for a total value of $1,133,369.94.
• On Monday, July 6th, Javier Olivan sold 3,348 shares of Meta Platforms stock. The stock was sold at an average price of $600.97, for a total value of $2,012,047.56.
• On Monday, June 15th, Javier Olivan sold 1,258 shares of Meta Platforms stock. The stock was sold at an average price of $600.00, for a total value of $754,800.00.

Meta Platforms Trading Down 1.4%

Meta Platforms stock traded down $9.31 during trading hours on Thursday, reaching $644.38. 20,444,607 shares of the company's stock traded hands, compared to its average volume of 16,959,063. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current ratio of 2.23. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $790.80. The firm has a market capitalization of $1.64 trillion, a price-to-earnings ratio of 24.27, a PEG ratio of 1.06 and a beta of 1.25. The firm's 50 day moving average is $599.05 and its 200-day moving average is $608.74.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.19 by ($1.01). The business had revenue of $60.80 billion during the quarter, compared to the consensus estimate of $60.22 billion. Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The firm's revenue for the quarter was up 28.0% compared to the same quarter last year. During the same period last year, the business posted $7.14 EPS. On average, analysts predict that Meta Platforms, Inc. will post 28.17 earnings per share for the current year.

Hedge Funds Weigh In On Meta Platforms

Several institutional investors and hedge funds have recently made changes to their positions in META. Brighton Jones LLC increased its stake in Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after purchasing an additional 570 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Meta Platforms by 10.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after buying an additional 875 shares in the last quarter. Headwater Capital Co Ltd lifted its stake in Meta Platforms by 294.7% in the first quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock valued at $86,454,000 after buying an additional 112,000 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. acquired a new position in shares of Meta Platforms in the second quarter valued at approximately $213,000. Finally, Capital & Planning LLC bought a new stake in shares of Meta Platforms during the second quarter worth $322,000. Institutional investors and hedge funds own 79.91% of the company's stock.

More Meta Platforms News

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Muse gains traction: Meta’s AI agent reportedly reached the No. 2 position among U.S. apps shortly after launch. Muse can perform tasks across Meta’s platforms and third-party services, including email, travel bookings and payments, with free and paid subscription tiers. This supports the case that Meta’s large AI investments could eventually produce a new recurring-revenue stream. Meta's AI agent Muse is now the No. 2 app in the US
• Positive Sentiment: Analyst support and infrastructure upside: JPMorgan upgraded Meta to Overweight and raised its price target to $820, citing the company’s frontier AI models and agents as a growth opportunity beyond advertising. Another analysis suggested Meta may ultimately sell excess AI computing capacity as an AI cloud provider, adding potential upside not reflected in current estimates. JPMorgan upgrades Meta on AI models and agents
• Neutral Sentiment: Wall Street remains divided: Investors are encouraged by Muse’s adoption, but its long-term monetization, infrastructure costs and impact on margins remain unproven. Meta’s previous quarter showed strong revenue growth, but earnings missed expectations as AI-related spending increased.
• Negative Sentiment: Key AI researcher departure: Star researcher Andrew Tulloch is leaving Meta for Anthropic, despite reportedly receiving a multibillion-dollar compensation offer. The exit raises questions about Meta’s ability to retain top AI talent amid intensifying competition. Top AI researcher Andrew Tulloch leaves Meta for Anthropic
• Negative Sentiment: Reputational and execution risks: Reports of a large-scale ad scandal, internal Applied AI reorganization and continuing privacy concerns could weigh on sentiment. A chief accounting officer’s pre-arranged sale of shares is a minor additional negative, though it does not necessarily signal deteriorating fundamentals.

Wall Street Analysts Forecast Growth

META has been the topic of a number of analyst reports. Monness Crespi & Hardt cut their price target on Meta Platforms from $890.00 to $730.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Raymond James Financial lifted their price objective on Meta Platforms from $825.00 to $850.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, July 21st. BNP Paribas Exane initiated coverage on Meta Platforms in a report on Tuesday, June 2nd. They issued an "outperform" rating for the company. Citizens Jmp cut their target price on Meta Platforms from $800.00 to $770.00 and set a "market outperform" rating on the stock in a research note on Thursday, July 30th. Finally, TD Cowen reduced their target price on Meta Platforms from $800.00 to $750.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $787.54.

Meta Platforms Company Profile

Meta Platforms, Inc develops technologies that help people connect, communicate and build communities online. The company's principal products include Facebook, Instagram, Messenger, WhatsApp and Threads, which enable social networking, messaging, content sharing and digital communication.

Meta generates most of its business through advertising displayed across its family of apps. It also develops artificial intelligence technologies, business messaging tools and hardware and software through its Reality Labs division, including Quest virtual- and mixed-reality devices and related experiences.

The company was founded as Facebook in 2004 by Mark Zuckerberg and was renamed Meta Platforms in 2021 to reflect its broader focus on building the metaverse.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.