Insider Selling: Meta Platforms (NASDAQ:META) COO Sells 517 Shares of Stock

Key Points

• Meta Platforms COO Javier Olivan sold 517 shares at an average price of $704.81, totaling approximately $364,386.77, decreasing his ownership by 5.16% to 9,509 shares valued at around $6.7 million.
• Recent transactions by Olivan included multiple sales of 517 shares each throughout September, with prices ranging from $726.25 to $781.33.
• Meta's stock price is currently at $717.84, having recently traded up, with a market capitalization of $1.80 trillion and a price-to-earnings ratio of 25.99.

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 517 shares of the company's stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $704.81, for a total value of $364,386.77. Following the completion of the transaction, the chief operating officer directly owned 9,509 shares of the company's stock, valued at $6,702,038.29. This represents a 5.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, September 29th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $748.72, for a total value of $387,088.24.
• On Monday, September 22nd, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $781.33, for a total value of $403,947.61.
• On Monday, September 15th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $757.47, for a total value of $391,611.99.
• On Monday, September 8th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $755.65, for a total value of $390,671.05.
• On Tuesday, September 2nd, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $726.25, for a total value of $375,471.25.
• On Monday, August 25th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $755.11, for a total value of $390,391.87.
• On Monday, August 18th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $775.00, for a total value of $400,675.00.
• On Friday, August 15th, Javier Olivan sold 2,612 shares of Meta Platforms stock. The shares were sold at an average price of $782.13, for a total value of $2,042,923.56.
• On Monday, August 11th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $770.00, for a total value of $398,090.00.
• On Monday, August 4th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $760.26, for a total value of $393,054.42.

Meta Platforms Stock Performance

Shares of NASDAQ:META traded up $4.76 during midday trading on Wednesday, reaching $717.84. 10,750,552 shares of the company's stock traded hands, compared to its average volume of 14,599,098. The company has a market cap of $1.80 trillion, a price-to-earnings ratio of 25.99, a P/E/G ratio of 1.49 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97. Meta Platforms, Inc. has a one year low of $479.80 and a one year high of $796.25. The stock has a 50 day moving average of $753.44 and a 200 day moving average of $677.16.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping the consensus estimate of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter last year, the company earned $5.16 earnings per share. The business's revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms's payout ratio is 7.60%.

Institutional Trading of Meta Platforms

Hedge funds and other institutional investors have recently made changes to their positions in the company. Inlight Wealth Management LLC acquired a new position in Meta Platforms in the 1st quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Meta Platforms in the 1st quarter valued at about $28,000. Bare Financial Services Inc purchased a new stake in Meta Platforms in the 2nd quarter valued at approximately $30,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Meta Platforms in the 1st quarter valued at approximately $33,000. Finally, Evergreen Private Wealth LLC boosted its holdings in Meta Platforms by 237.5% in the 2nd quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company's stock valued at $40,000 after purchasing an additional 38 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on META shares. KeyCorp increased their price target on Meta Platforms from $800.00 to $905.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Barclays increased their price target on Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Benchmark increased their price target on Meta Platforms from $800.00 to $890.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Sanford C. Bernstein increased their target price on Meta Platforms from $775.00 to $900.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, UBS Group increased their target price on Meta Platforms from $812.00 to $897.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $830.61.

About Meta Platforms

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.

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