Javier Olivan Sells 517 Shares of Meta Platforms (NASDAQ:META) Stock

Key Points

• Javier Olivan, COO of Meta Platforms, sold 517 shares of Meta stock on October 20th for a total of $372,912.10, reducing his ownership by 5.75% to 8,475 shares valued at over $6 million.
• Meta Platforms recently declared a quarterly dividend of $0.525 per share, with the record date on September 22nd, resulting in an annualized dividend yield of 0.3%.
• Analysts are optimistic about Meta's stock, with several upgrades leading to an average target price of $829.66 and a mix of ratings primarily categorized as Buy.

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 517 shares of the company's stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $721.30, for a total transaction of $372,912.10. Following the completion of the sale, the chief operating officer directly owned 8,475 shares of the company's stock, valued at $6,113,017.50. This represents a 5.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, October 13th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $713.34, for a total value of $368,796.78.
• On Monday, October 6th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $704.81, for a total value of $364,386.77.
• 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 shares were 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 stock was 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 stock was 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 shares were 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 transaction 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.

Meta Platforms Stock Up 0.0%

META stock traded up $0.14 during trading hours on Wednesday, reaching $733.41. 8,706,072 shares of the stock were exchanged, compared to its average volume of 14,394,032. The company has a market cap of $1.84 trillion, a price-to-earnings ratio of 26.55, a PEG ratio of 1.53 and a beta of 1.20. The firm's 50-day moving average is $744.95 and its 200-day moving average is $686.70. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.75 by $1.39. The firm 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 business's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period last year, the business posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. HSBC upgraded Meta Platforms from a "hold" rating to a "buy" rating and upped their price objective for the stock from $610.00 to $900.00 in a report on Thursday, July 31st. Loop Capital reaffirmed a "buy" rating and set a $980.00 price target (up previously from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. BMO Capital Markets lifted their price objective on shares of Meta Platforms from $610.00 to $710.00 and gave the stock a "market perform" rating in a research note on Thursday, July 31st. Weiss Ratings reiterated a "buy (b)" rating on shares of Meta Platforms in a report on Wednesday, October 8th. Finally, Guggenheim reissued a "buy" rating and set a $800.00 target price (up previously from $725.00) on shares of Meta Platforms in a research report on Monday, July 28th. Five research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $829.66.

Hedge Funds Weigh In On Meta Platforms

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

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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