Javier Olivan Sells 2,612 Shares of Meta Platforms (NASDAQ:META) Stock

Key Points

• Javier Olivan, COO of Meta Platforms, sold 2,612 shares at an average price of $782.13, totaling approximately $2.04 million, decreasing his ownership by 25.56% to 7,609 shares.
• Meta's quarterly earnings saw earnings per share of $7.14, exceeding the consensus estimate of $5.75, while revenue reached $47.52 billion, up 21.6% year-over-year.
• Meta's stock price has recently declined by 2.1% to $751.48, with analysts offering a range of target prices, several raising their expectations to above $800.

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 2,612 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $782.13, for a total transaction of $2,042,923.56. Following the completion of the transaction, the chief operating officer directly owned 7,609 shares of the company's stock, valued at approximately $5,951,227.17. The trade was a 25.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 transaction of $400,675.00.
• 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 transaction 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 transaction of $393,054.42.
• On Monday, July 28th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $715.00, for a total transaction of $369,655.00.
• On Monday, July 21st, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $706.41, for a total transaction of $365,213.97.
• On Monday, July 14th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $717.50, for a total transaction of $370,947.50.
• On Monday, July 7th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $717.51, for a total transaction of $370,952.67.
• On Monday, June 30th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $740.97, for a total transaction of $383,081.49.
• On Monday, June 23rd, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $683.47, for a total transaction of $353,353.99.
• On Monday, June 16th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $699.27, for a total transaction of $361,522.59.

Meta Platforms Stock Down 2.1%

Shares of NASDAQ META traded down $15.89 on Tuesday, reaching $751.48. 12,216,778 shares of the company's stock traded hands, compared to its average volume of 13,316,512. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The business's 50 day simple moving average is $726.88 and its two-hundred day simple moving average is $656.42. The company has a market cap of $1.89 trillion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 1.59 and a beta of 1.27. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15.

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

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Monday, June 16th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is 7.60%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on META. KeyCorp raised their price target on shares of Meta Platforms from $800.00 to $905.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Wells Fargo & Company raised their price target on shares of Meta Platforms from $783.00 to $811.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Roth Capital raised their target price on shares of Meta Platforms from $620.00 to $740.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Barclays raised their target price on shares of Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Canaccord Genuity Group raised their target price on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $822.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Newbridge Financial Services Group Inc. boosted its stake in shares of Meta Platforms by 6.2% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 18,318 shares of the social networking company's stock worth $13,520,000 after acquiring an additional 1,065 shares during the last quarter. MRP Capital Investments LLC boosted its stake in shares of Meta Platforms by 0.6% during the 2nd quarter. MRP Capital Investments LLC now owns 5,090 shares of the social networking company's stock worth $3,757,000 after acquiring an additional 30 shares during the last quarter. Delos Wealth Advisors LLC purchased a new position in shares of Meta Platforms during the 2nd quarter worth $75,000. Hohimer Wealth Management LLC raised its position in shares of Meta Platforms by 0.4% during the 2nd quarter. Hohimer Wealth Management LLC now owns 11,767 shares of the social networking company's stock valued at $8,685,000 after purchasing an additional 43 shares during the period. Finally, Old North State Trust LLC raised its position in shares of Meta Platforms by 39.1% during the 2nd quarter. Old North State Trust LLC now owns 2,785 shares of the social networking company's stock valued at $2,056,000 after purchasing an additional 783 shares during the period. Hedge funds and other institutional investors own 79.91% of the company's stock.

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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