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

Key Points

• Javier Olivan, COO of Meta Platforms, sold 517 shares of the company's stock on September 8th for a total of $390,671.05, reducing his ownership by 4.27% to approximately 11,577 shares valued at $8.7 million.
• Meta Platforms stock has recently dipped by 1.8% to around $751.98, with a year-to-date trading range between $479.80 and $796.25.
• Analysts have increased their price targets for Meta Platforms, with reports indicating a consensus price target of $822.41 and a focus on bullish ratings from several firms.

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 517 shares of Meta Platforms stock in a transaction on Monday, September 8th. The stock was sold at an average price of $755.65, for a total value of $390,671.05. Following the sale, the chief operating officer owned 11,577 shares of the company's stock, valued at approximately $8,748,160.05. This trade represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 transaction 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 transaction 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.
• 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 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 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.

Meta Platforms Stock Down 1.8%

Meta Platforms stock traded down $13.72 during trading hours on Wednesday, reaching $751.98. The stock had a trading volume of 12,062,679 shares, compared to its average volume of 9,602,366. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The company has a market cap of $1.89 trillion, a price-to-earnings ratio of 27.23, a PEG ratio of 1.58 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The business's 50 day moving average price is $739.60 and its 200-day moving average price is $660.03.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results 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. 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 analyst estimates of $44.55 billion. During the same period in the previous year, the company earned $5.16 earnings per share. 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. Sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Hedge Funds Weigh In On Meta Platforms

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

Analysts Set New Price Targets

META has been the topic of a number of research analyst reports. DA Davidson boosted their price objective on shares of Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Sanford C. Bernstein lifted their target price on Meta Platforms from $775.00 to $900.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. UBS Group increased their price target on shares of Meta Platforms from $812.00 to $897.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Guggenheim reaffirmed a "buy" rating and issued a $800.00 price objective (up from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Finally, JMP Securities raised their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the stock a "market outperform" rating in a report on Thursday, July 31st. Three equities research 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $822.41.

Meta Platforms Company Profile

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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