Javier Olivan Sells 3,348 Shares of Meta Platforms (NASDAQ:META) Stock

Key Points

• Meta COO Javier Olivan sold 3,348 shares on July 6 at an average price of $600.97, totaling about $2.0 million. The sale reduced his direct holdings by 26.06% and was made under a pre-arranged Rule 10b5-1 plan.
• Meta shares were down 2.0% in mid-day trading to $603.12, though the stock remains close to its 50-day average and well below its 52-week high. Meta still has a $1.53 trillion market cap and trades at a P/E of 21.92.
• The company reported strong quarterly results, with EPS of $10.44 versus $6.67 expected and revenue of $56.31 billion, up 33.1% year over year. Meta also recently paid a quarterly dividend of $0.525 per share, yielding about 0.3% annually.

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 3,348 shares of Meta Platforms stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $600.97, for a total transaction of $2,012,047.56. Following the sale, the chief operating officer directly owned 9,498 shares in the company, valued at approximately $5,708,013.06. The trade was a 26.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, July 6th, Javier Olivan sold 1,887 shares of Meta Platforms stock. The stock was sold at an average price of $600.62, for a total value of $1,133,369.94.
• 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.
• On Monday, June 15th, Javier Olivan sold 140 shares of Meta Platforms stock. The shares were sold at an average price of $600.00, for a total value of $84,000.00.
• On Monday, June 1st, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $629.29, for a total value of $395,823.41.
• On Monday, June 1st, Javier Olivan sold 837 shares of Meta Platforms stock. The stock was sold at an average price of $629.29, for a total value of $526,715.73.
• On Tuesday, May 26th, Javier Olivan sold 629 shares of Meta Platforms stock. The stock was sold at an average price of $608.98, for a total value of $383,048.42.
• On Tuesday, May 26th, Javier Olivan sold 837 shares of Meta Platforms stock. The shares were sold at an average price of $608.98, for a total transaction of $509,716.26.
• On Monday, May 18th, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $609.35, for a total transaction of $383,281.15.
• On Monday, May 18th, Javier Olivan sold 837 shares of Meta Platforms stock. The shares were sold at an average price of $609.35, for a total transaction of $510,025.95.
• On Monday, May 11th, Javier Olivan sold 629 shares of Meta Platforms stock. The stock was sold at an average price of $604.57, for a total transaction of $380,274.53.

Meta Platforms Trading Down 2.0%

Shares of NASDAQ:META traded down $12.46 during mid-day trading on Wednesday, reaching $603.12. 13,440,811 shares of the company were exchanged, compared to its average volume of 17,114,668. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35. The firm has a market cap of $1.53 trillion, a price-to-earnings ratio of 21.92, a P/E/G ratio of 1.09 and a beta of 1.25. The firm's 50-day simple moving average is $598.90 and its 200 day simple moving average is $626.99. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The company had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. During the same quarter in the previous year, the company earned $6.43 earnings per share. The firm's quarterly revenue was up 33.1% compared to the same quarter last year. Equities research analysts forecast that Meta Platforms, Inc. will post 29.46 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, June 15th. Meta Platforms's payout ratio is currently 7.63%.

Institutional Trading of Meta Platforms

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Meta Platforms by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock worth $132,015,115,000 after purchasing an additional 7,269,279 shares in the last quarter. Auto Owners Insurance Co boosted its position in shares of Meta Platforms by 76,587.7% in the 4th quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company's stock worth $69,502,379,000 after buying an additional 105,154,977 shares in the last quarter. State Street Corp lifted its stake in Meta Platforms by 5.1% in the 4th quarter. State Street Corp now owns 90,841,345 shares of the social networking company's stock valued at $59,963,463,000 after buying an additional 4,395,763 shares in the last quarter. Geode Capital Management LLC increased its position in Meta Platforms by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 52,806,712 shares of the social networking company's stock worth $34,734,628,000 after buying an additional 878,396 shares in the last quarter. Finally, Capital World Investors raised its holdings in shares of Meta Platforms by 0.8% in the fourth quarter. Capital World Investors now owns 39,558,637 shares of the social networking company's stock worth $26,112,735,000 after acquiring an additional 310,947 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

META has been the subject of several research reports. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $810.00 target price on shares of Meta Platforms in a research report on Monday, June 1st. Wedbush raised shares of Meta Platforms from an "outperform" rating to a "neutral" rating in a research report on Tuesday, June 2nd. UBS Group lowered shares of Meta Platforms from a "buy" rating to a "neutral" rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $725.00 target price (down from $825.00) on shares of Meta Platforms in a research note on Thursday, April 30th. Finally, Benchmark assumed coverage on shares of Meta Platforms in a report on Tuesday, June 2nd. They set a "buy" rating on the stock. Three analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $840.64.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta announced it will spend more than C$13 billion on its first AI data center in Canada, its largest outside the U.S. Investors may see this as a signal that Meta is still aggressively scaling its AI infrastructure to support future products and monetization. Meta plans billions for first AI data center in Canada, largest outside the US
• Positive Sentiment: Meta rolled out Muse Image, its first AI image-generation model from Meta Superintelligence Labs, which could improve engagement across Instagram, WhatsApp, and Meta AI while giving advertisers new creative tools. Meta expands generative AI tools with Muse Image rollout
• Positive Sentiment: Several reports and analyst notes highlighted Meta as an attractive AI and momentum stock, including a rating upgrade to Buy from Erste Group Bank and bullish commentary around its long-term growth and capex strategy. Meta Platforms NASDAQ: META Raised to "Buy" at Erste Group Bank
• Neutral Sentiment: Meta’s move to potentially monetize excess compute capacity or expand into cloud/neocloud services is strategically interesting, but it is still an early-stage idea and not yet a proven earnings driver.
• Negative Sentiment: Meta disclosed that four U.S. states are seeking about $1.4 trillion in penalties in an upcoming youth-safety trial, creating a very large legal risk that could weigh on investor sentiment. Meta says US states are seeking $1.4 trillion in penalties in August youth safety trial
• Negative Sentiment: Separate reporting on Instagram AI sharing rules and other regulatory scrutiny adds to concerns about privacy, content use, and platform oversight.
• Negative Sentiment: Comments from Mark Zuckerberg that AI agent development “hasn't really accelerated” as expected may also raise questions about the near-term payoff from Meta’s heavy AI spending.

About Meta Platforms

Meta Platforms, Inc NASDAQ: META, formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta's core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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