Meta Platforms (NASDAQ:META) COO Sells $403,947.61 in Stock

Key Points

• Meta Platforms COO Javier Olivan sold 517 shares of stock on September 22 for $403,947.61, representing a 4.67% decrease in his ownership.
• The company recently reported earnings of $7.14 per share, surpassing analyst estimates, with revenue of $47.52 billion for the quarter, up 21.6% year-over-year.
• Meta announced a quarterly dividend of $0.525, payable on September 29, which gives an annualized yield of 0.3% and a payout ratio of 7.60%.

Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 517 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $781.33, for a total value of $403,947.61. Following the completion of the transaction, the chief operating officer directly owned 10,543 shares of the company's stock, valued at approximately $8,237,562.19. This represents a 4.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, September 15th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $757.47, for a total transaction 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 transaction 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 transaction of $375,471.25.
• 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 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 stock was sold at an average price of $782.13, for a total transaction 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 transaction 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 shares were sold at an average price of $706.41, for a total transaction of $365,213.97.

Meta Platforms Trading Up 0.7%

Shares of META traded up $5.26 during mid-day trading on Wednesday, reaching $760.66. The stock had a trading volume of 8,817,995 shares, compared to its average volume of 14,641,709. 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 52-week low of $479.80 and a 52-week high of $796.25. The business's fifty day moving average is $748.84 and its 200 day moving average is $667.85. The firm has a market cap of $1.91 trillion, a price-to-earnings ratio of 27.54, a P/E/G ratio of 1.60 and a beta of 1.24.

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

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 22nd will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, September 22nd. Meta Platforms's dividend payout ratio is presently 7.60%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. HSBC upgraded Meta Platforms from a "hold" rating to a "buy" rating and increased their price objective for the stock from $610.00 to $900.00 in a research report on Thursday, July 31st. UBS Group increased their target price on shares of Meta Platforms from $812.00 to $897.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Robert W. Baird increased their target price on shares of Meta Platforms from $635.00 to $740.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Hsbc Global Res raised shares of Meta Platforms from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Finally, Zacks Research lowered shares of Meta Platforms from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $826.05.

Institutional Trading of Meta Platforms

Several hedge funds have recently added to or reduced their stakes in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in shares of Meta Platforms by 0.4% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,506 shares of the social networking company's stock valued at $2,587,000 after acquiring an additional 13 shares during the period. Pachira Investments Inc. boosted its holdings in Meta Platforms by 3.0% in the 2nd quarter. Pachira Investments Inc. now owns 488 shares of the social networking company's stock worth $360,000 after buying an additional 14 shares during the period. Hemington Wealth Management boosted its holdings in Meta Platforms by 0.6% in the 2nd quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company's stock worth $1,641,000 after buying an additional 14 shares during the period. Vista Capital Partners Inc. boosted its holdings in Meta Platforms by 1.3% in the 2nd quarter. Vista Capital Partners Inc. now owns 1,075 shares of the social networking company's stock worth $794,000 after buying an additional 14 shares during the period. Finally, Shelton Wealth Management LLC boosted its holdings in Meta Platforms by 0.9% in the 2nd quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company's stock worth $1,302,000 after buying an additional 15 shares during the period. Institutional investors and hedge funds own 79.91% of the company's stock.

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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