Meta Platforms (NASDAQ:META) COO Sells $669,011.20 in Stock

Key Points

• Meta COO Javier Olivan sold 946 shares at an average price of $707.20, generating $669,011.20. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his direct ownership by 13.65% to 5,986 shares.
• Olivan has made multiple additional Meta stock sales since September, indicating a recurring pattern of insider selling rather than a one-time transaction.
• Meta reported quarterly results above expectations, with EPS of $7.40 versus the $6.54 consensus and revenue of $64.6 billion versus $63.34 billion. Analysts maintain a “Moderate Buy” consensus, with an average price target of $811.24.

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 946 shares of the business's stock in a transaction on Monday, October 19th. The shares were sold at an average price of $707.20, for a total transaction of $669,011.20. Following the completion of the sale, the chief operating officer directly owned 5,986 shares of the company's stock, valued at approximately $4,233,299.20. This trade represents a 13.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 Monday, October 19th, Javier Olivan sold 629 shares of Meta Platforms stock. The stock was sold at an average price of $707.20, for a total value of $444,828.80.
• On Monday, October 12th, Javier Olivan sold 629 shares of Meta Platforms stock. The stock was sold at an average price of $728.10, for a total value of $457,974.90.
• On Monday, October 12th, Javier Olivan sold 946 shares of Meta Platforms stock. The stock was sold at an average price of $728.10, for a total value of $688,782.60.
• On Monday, October 5th, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $728.08, for a total value of $457,962.32.
• On Monday, October 5th, Javier Olivan sold 946 shares of Meta Platforms stock. The shares were sold at an average price of $728.08, for a total value of $688,763.68.
• On Monday, September 28th, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $748.91, for a total value of $471,064.39.
• On Monday, September 28th, Javier Olivan sold 946 shares of Meta Platforms stock. The stock was sold at an average price of $750.42, for a total value of $709,897.32.
• On Monday, September 21st, Javier Olivan sold 629 shares of Meta Platforms stock. The stock was sold at an average price of $680.27, for a total value of $427,889.83.
• On Monday, September 21st, Javier Olivan sold 946 shares of Meta Platforms stock. The stock was sold at an average price of $680.27, for a total value of $643,535.42.
• On Monday, September 14th, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $657.73, for a total value of $413,712.17.

Meta Platforms Stock Performance

Shares of META stock traded up $3.27 during trading hours on Wednesday, hitting $697.52. The stock had a trading volume of 28,153,527 shares, compared to its average volume of 17,564,842. The firm has a market capitalization of $1.78 trillion, a PE ratio of 26.27, a PEG ratio of 1.24 and a beta of 1.19. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $779.82. The stock's 50 day moving average is $659.90 and its 200 day moving average is $628.23. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.23 and a quick ratio of 2.23.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, October 21st. The social networking company reported $7.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.54 by $0.86. Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The business had revenue of $64.60 billion for the quarter, compared to analyst estimates of $63.34 billion. As a group, research analysts forecast that Meta Platforms, Inc. will post 27.95 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Monday, September 21st were issued a $0.5250 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, September 21st. Meta Platforms's dividend payout ratio is presently 7.91%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp increased its position in shares of Meta Platforms by 4.0% during the 2nd quarter. State Street Corp now owns 92,033,963 shares of the social networking company's stock worth $51,841,811,000 after purchasing an additional 3,510,123 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Meta Platforms by 14.6% in the 1st quarter. Bank of America Corp DE now owns 21,038,035 shares of the social networking company's stock valued at $12,036,491,000 after buying an additional 2,673,494 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Meta Platforms by 1.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,836,063 shares of the social networking company's stock valued at $7,230,426,000 after buying an additional 162,909 shares during the last quarter. Amundi grew its stake in shares of Meta Platforms by 18.1% in the first quarter. Amundi now owns 11,858,972 shares of the social networking company's stock valued at $6,784,873,000 after buying an additional 1,815,017 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Meta Platforms by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 10,429,812 shares of the social networking company's stock valued at $5,964,745,000 after buying an additional 404,948 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Revenue and earnings beat expectations. Meta reported $64.6 billion in quarterly revenue versus the $63.34 billion consensus estimate, while EPS of $7.40 exceeded expectations of $6.54. The results reinforced confidence in the company’s advertising engine. Meta Platforms earnings results
• Positive Sentiment: Muse is gaining rapid traction. Meta said its AI assistant Muse has surpassed 10 million users, supporting the investment case that the company can use its massive social-app audience to build future advertising, commerce and subscription opportunities. Muse user growth
• Neutral Sentiment: Meta is increasing AI infrastructure spending. Third-quarter capital expenditures reached $34.91 billion, and management raised the lower end of its annual spending outlook. The investment could strengthen Meta’s competitive position, but it is also pressuring cash flow and raising questions about the timing of returns. Meta AI capital spending
• Neutral Sentiment: A new Class C stock will preserve Mark Zuckerberg’s control. The nonvoting shares are intended to help fund AI expansion without reducing Zuckerberg’s voting power. The structure may provide financing flexibility, but investors could remain concerned about dilution and governance. Meta new share class
• Negative Sentiment: Major legal exposures cloud the report. Meta faces a $25 billion New Mexico judgment tied to privacy practices and recorded a $9.9 billion charge related to a broader teen mental-health lawsuit settlement. The company plans to appeal the New Mexico ruling, but the liabilities highlight ongoing regulatory and litigation risks. Meta New Mexico privacy judgment

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Moffett Nathanson lowered their price target on Meta Platforms from $800.00 to $740.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Monness Crespi & Hardt upped their price objective on Meta Platforms from $730.00 to $830.00 and gave the company a "buy" rating in a research note on Monday, September 28th. Loop Capital increased their price objective on Meta Platforms from $740.00 to $955.00 and gave the stock a "buy" rating in a research report on Thursday, September 24th. DZ Bank reaffirmed a "buy" rating on shares of Meta Platforms in a research report on Thursday, July 30th. Finally, Citigroup lifted their target price on Meta Platforms from $800.00 to $895.00 and gave the company a "buy" rating in a research note on Thursday, October 15th. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $811.24.

About Meta Platforms

Meta Platforms, Inc is a technology company that develops social networking, messaging, virtual and augmented reality, and artificial intelligence products. The company's principal platforms include Facebook, Instagram, Messenger, WhatsApp, and Threads, which enable users to connect, communicate, share content, and discover products and services.

Meta also operates Reality Labs, its division focused on virtual, augmented, and mixed reality technologies. Reality Labs develops products such as Meta Quest virtual reality headsets and related software and experiences, along with research and hardware intended to support immersive computing.

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