Meta Platforms (NASDAQ:META) COO Javier Olivan Sells 837 Shares

Key Points

• Meta COO Javier Olivan sold 837 shares on May 26 at an average price of $608.98, for about $509,716. The sale was made under a pre-arranged Rule 10b5-1 plan, and he still held 13,823 shares afterward.
• Olivan has been consistently selling shares in multiple recent transactions throughout April and May, according to the filing history listed in the article.
• Meta stock was trading around $635.29 when the article was published, and the company recently beat earnings expectations with $10.44 EPS and $56.31 billion in quarterly revenue.

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 837 shares of the business's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $608.98, for a total transaction of $509,716.26. Following the transaction, the chief operating officer owned 13,823 shares in the company, valued at approximately $8,417,930.54. The trade was a 5.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 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 transaction of $383,048.42.
• On Monday, May 18th, Javier Olivan sold 629 shares of Meta Platforms stock. The stock was 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 stock was 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.
• On Monday, May 11th, Javier Olivan sold 926 shares of Meta Platforms stock. The stock was sold at an average price of $604.57, for a total transaction of $559,831.82.
• On Monday, May 4th, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $607.74, for a total value of $382,268.46.
• On Monday, May 4th, Javier Olivan sold 926 shares of Meta Platforms stock. The shares were sold at an average price of $607.74, for a total value of $562,767.24.
• On Monday, April 27th, Javier Olivan sold 926 shares of Meta Platforms stock. The shares were sold at an average price of $670.84, for a total value of $621,197.84.
• On Monday, April 27th, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $670.84, for a total value of $421,958.36.
• On Monday, April 20th, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $680.09, for a total value of $427,776.61.

Meta Platforms Stock Performance

NASDAQ:META traded up $0.03 on Thursday, hitting $635.29. The company's stock had a trading volume of 16,720,270 shares, compared to its average volume of 15,763,576. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average of $617.25 and a two-hundred day moving average of $636.82. The firm has a market capitalization of $1.61 trillion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 1.08 and a beta of 1.25. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $55.56 billion. During the same quarter in the prior year, the business earned $6.43 earnings per share. The firm's revenue for the quarter was up 33.1% on a year-over-year basis. Research analysts predict that Meta Platforms, Inc. will post 29.49 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on META. Sanford C. Bernstein reduced their price target on Meta Platforms from $900.00 to $850.00 and set an "outperform" rating on the stock in a research report on Thursday, April 30th. UBS Group reduced their price target on Meta Platforms from $908.00 to $865.00 and set a "buy" rating on the stock in a research report on Thursday, April 30th. Barclays increased their price target on Meta Platforms from $800.00 to $830.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. KeyCorp reissued an "overweight" rating and set a $760.00 price target on shares of Meta Platforms in a research report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Meta Platforms from $880.00 to $920.00 and gave the stock a "buy" rating in a research note on Thursday, January 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Meta Platforms presently has a consensus rating of "Moderate Buy" and an average target price of $840.19.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta’s global subscription rollout gives it a new monetization avenue beyond ads, which could improve long-term revenue growth and margins. Article: Meta launches Instagram, Facebook, and WhatsApp subscriptions, with more to come, including AI plans
• Positive Sentiment: Several reports framed subscriptions and Meta AI pricing as a potential growth engine, with some analysts estimating billions in added revenue by 2028. Article: Meta Expands Beyond Ads With Paid Facebook, Instagram, WhatsApp And AI Subscription
• Positive Sentiment: Meta is also pushing enterprise AI by embedding engineers with customers, which could support adoption of its AI tools and create a second major business line. Article: Meta Embedding Engineers With Customers to Push AI Adoption
• Neutral Sentiment: Meta committed additional funding to its Oversight Board through 2028, which helps reassure governance watchers but is unlikely to move the stock much on its own. Article: Meta commits extra funding to oversight board until 2028
• Negative Sentiment: Meta also faces ongoing legal and regulatory pressure, including a Kentucky trial where plaintiffs are seeking a multibillion-dollar penalty, and the Supreme Court rejected its appeal in a Vermont addiction case. Article: Meta Faces $40 Billion Penalty Request From Kentucky at Trial

Institutional Investors Weigh In On Meta Platforms

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Westchester Capital Management Inc. acquired a new stake in shares of Meta Platforms during the 3rd quarter valued at $26,000. RHL Group LLC acquired a new position in Meta Platforms in the 4th quarter worth about $28,000. Strategic Wealth Advisors LLC bought a new position in Meta Platforms in the fourth quarter valued at about $29,000. Niles Investment Management LLC bought a new position in Meta Platforms in the fourth quarter valued at about $29,000. Finally, Axiom Investment Management LLC acquired a new stake in shares of Meta Platforms during the first quarter valued at about $36,000. 79.91% of the stock is owned by institutional investors.

Meta Platforms Company Profile

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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