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

Key Points

• Meta Platforms COO Javier Olivan sold 517 shares at an average price of $726.25, totaling approximately $375,471.25, reducing his stake by 4.10% to 12,094 shares.
• The company's stock price recently traded at $748.65, with a market cap of $1.88 trillion and a price-to-earnings ratio of 27.11.
• Analysts have varied ratings for Meta Platforms, with target prices ranging from $650.00 to $900.00, and a consensus rating of "Moderate Buy".

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 517 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $726.25, for a total value of $375,471.25. Following the sale, the chief operating officer owned 12,094 shares of the company's stock, valued at approximately $8,783,267.50. The trade was a 4.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 shares were 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 shares were 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.
• 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 value 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 value of $365,213.97.
• On Monday, July 14th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $717.50, for a total value of $370,947.50.
• On Monday, July 7th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $717.51, for a total value of $370,952.67.
• On Monday, June 30th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $740.97, for a total value of $383,081.49.

Meta Platforms Price Performance

Shares of NASDAQ META traded up $11.60 during trading on Thursday, hitting $748.65. 11,413,218 shares of the company were exchanged, compared to its average volume of 9,269,508. 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 1 year low of $479.80 and a 1 year high of $796.25. The company has a market cap of $1.88 trillion, a price-to-earnings ratio of 27.11, a PEG ratio of 1.52 and a beta of 1.24. The firm's fifty day moving average price is $738.01 and its 200 day moving average price is $659.12.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business had revenue of $47.52 billion for the quarter, compared to analysts' expectations of $44.55 billion. During the same period in the prior year, the company posted $5.16 EPS. The business's revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

META has been the topic of several research reports. Morgan Stanley upped their target price on Meta Platforms from $750.00 to $850.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Benchmark increased their price objective on Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Zacks Research lowered Meta Platforms from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. DA Davidson increased their price objective on Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, JMP Securities increased their price objective on Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a research note on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $822.41.

Institutional Trading of Meta Platforms

A number of hedge funds have recently added to or reduced their stakes in META. Reynders McVeigh Capital Management LLC raised its holdings in shares of Meta Platforms by 6.9% in the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 1,285 shares of the social networking company's stock worth $949,000 after purchasing an additional 83 shares during the period. SevenBridge Financial Group LLC raised its holdings in shares of Meta Platforms by 8.5% in the 2nd quarter. SevenBridge Financial Group LLC now owns 15,186 shares of the social networking company's stock worth $11,997,000 after purchasing an additional 1,195 shares during the period. V. M. Manning & CO. Inc. purchased a new position in shares of Meta Platforms in the 2nd quarter worth about $300,000. American Trust raised its holdings in shares of Meta Platforms by 26.8% in the 2nd quarter. American Trust now owns 6,368 shares of the social networking company's stock worth $4,700,000 after purchasing an additional 1,346 shares during the period. Finally, Evolution Wealth Management Inc. purchased a new position in shares of Meta Platforms in the 2nd quarter worth about $92,000. 79.91% of the stock is owned by institutional investors and hedge funds.

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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