Meta Platforms, Inc. (NASDAQ:META – Get Free Report) COO Javier Olivan sold 946 shares of the stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $728.08, for a total value of $688,763.68. Following the sale, the chief operating officer directly owned 7,878 shares in the company, valued at $5,735,814.24. This represents a 10.72% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Monday, October 5th, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $728.08, for a total value of $457,962.32.
- On Monday, September 28th, Javier Olivan sold 629 shares of Meta Platforms stock. The stock was sold at an average price of $748.91, for a total value of $471,064.39.
- On Monday, September 28th, Javier Olivan sold 946 shares of Meta Platforms stock. The stock was sold at an average price of $750.42, for a total value of $709,897.32.
- On Monday, September 21st, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $680.27, for a total value of $427,889.83.
- On Monday, September 21st, Javier Olivan sold 946 shares of Meta Platforms stock. The stock was sold at an average price of $680.27, for a total value of $643,535.42.
- On Monday, September 14th, Javier Olivan sold 629 shares of Meta Platforms stock. The stock was sold at an average price of $657.73, for a total transaction of $413,712.17.
- On Monday, September 14th, Javier Olivan sold 946 shares of Meta Platforms stock. The shares were sold at an average price of $657.73, for a total transaction of $622,212.58.
- On Tuesday, September 8th, Javier Olivan sold 2,516 shares of Meta Platforms stock. The shares were sold at an average price of $616.44, for a total transaction of $1,550,963.04.
- On Tuesday, September 8th, Javier Olivan sold 2,838 shares of Meta Platforms stock. The stock was sold at an average price of $616.71, for a total transaction of $1,750,222.98.
- On Monday, August 10th, Javier Olivan sold 434 shares of Meta Platforms stock. The shares were sold at an average price of $602.70, for a total transaction of $261,571.80.
Meta Platforms Stock Performance
META traded down $17.57 on Wednesday, reaching $721.31. The stock had a trading volume of 13,177,225 shares, compared to its average volume of 17,484,221. The business’s 50-day moving average price is $631.39 and its two-hundred day moving average price is $617.69. The company has a market cap of $1.84 trillion, a P/E ratio of 27.17, a price-to-earnings-growth ratio of 1.29 and a beta of 1.19. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $779.82. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.32.
Meta Platforms Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 28th. Shareholders of record on Monday, September 21st were given a dividend of $0.5250 per share. The ex-dividend date was Monday, September 21st. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s dividend payout ratio is currently 7.91%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Auto Owners Insurance Co grew its stake in Meta Platforms by 76,587.7% during the 4th quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company’s stock valued at $69,502,379,000 after acquiring an additional 105,154,977 shares in the last quarter. Corient Private Wealth LP lifted its stake in Meta Platforms by 723.1% in the 2nd quarter. Corient Private Wealth LP now owns 8,801,764 shares of the social networking company’s stock worth $4,957,946,000 after purchasing an additional 7,732,446 shares in the last quarter. Jupiter Topco LLC acquired a new position in shares of Meta Platforms during the 2nd quarter worth approximately $2,948,486,000. Corient Private Wealth LLC boosted its holdings in shares of Meta Platforms by 488.1% during the 4th quarter. Corient Private Wealth LLC now owns 5,466,595 shares of the social networking company’s stock worth $3,608,445,000 after purchasing an additional 4,537,076 shares during the last quarter. Finally, State Street Corp grew its position in shares of Meta Platforms by 4.0% in the second quarter. State Street Corp now owns 92,033,963 shares of the social networking company’s stock valued at $51,841,811,000 after purchasing an additional 3,510,123 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.
Trending Headlines about Meta Platforms
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Higher analyst target: Wells Fargo raised its price target on Meta to $1,000 from $796 while maintaining an Overweight rating, citing enthusiasm for the company’s Muse AI product cycle. The broader analyst consensus remains “Moderate Buy,” with 44 of 57 analysts recommending a buy or strong buy. Why this analyst expects Meta stock to hit $1,000
- Positive Sentiment: Muse expands rapidly: Meta launched a dedicated iPad app for its Muse AI assistant shortly after its mobile debut. Muse has topped app-download charts, strengthening the case that Meta is gaining consumer traction in personal AI, although sustained usage and monetization remain unproven. Meta’s Muse launches on iPad
- Positive Sentiment: New AI business opportunities: Meta and Sierra are developing the Personal Agent Protocol with companies including Shopify, Stripe and Walmart. The standard could help Meta establish a role in AI-powered commerce and customer interactions. Separately, investor Dan Niles suggested Meta could eventually build a public cloud business to monetize its large AI infrastructure investments. Meta and Sierra launch protocol for AI agents
- Neutral Sentiment: AMD warrant clarification: Reports indicate Meta would not automatically receive 160 million AMD shares simply because AMD’s stock crossed $600. The details of the warrant agreement are more limited than some interpretations suggested, reducing concern about a massive equity giveaway but offering no immediate catalyst. AMD crossed $600, so does Meta get AMD shares?
- Negative Sentiment: Legal and macro risks: New Mexico is seeking a potential penalty of up to $40 billion, with a court ruling expected this month. Higher interest rates and concerns about an economy strained by expensive borrowing may also pressure richly valued technology stocks. New Mexico seeks up to $40 billion from Meta
Analyst Ratings Changes
Several research analysts have recently weighed in on META shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $770.00 target price on shares of Meta Platforms in a research note on Thursday, September 24th. TD Cowen boosted their price target on shares of Meta Platforms from $750.00 to $865.00 and gave the stock a “buy” rating in a report on Friday, September 25th. CICC Research reduced their price objective on shares of Meta Platforms from $773.00 to $700.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Loop Capital increased their price objective on shares of Meta Platforms from $740.00 to $955.00 and gave the company a “buy” rating in a report on Thursday, September 24th. Finally, Tigress Financial reiterated a “strong-buy” rating and issued a $945.00 target price (down from $995.00) on shares of Meta Platforms in a research report on Thursday, September 24th. Three analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $791.86.
Read Our Latest Analysis on META
Meta Platforms Company Profile
Meta Platforms, Inc is a technology company that develops social networking, messaging, virtual and augmented reality, and artificial intelligence products. The company operates a global family of apps that includes Facebook, Instagram, Messenger, WhatsApp and Threads, enabling users to connect, communicate, share content and discover communities.
Meta generates most of its business through digital advertising displayed across its platforms. Its products serve individuals, creators, businesses and organizations in markets around the world, while its advertising tools help businesses reach audiences based on factors such as interests, activity and demographics.
Through its Reality Labs division, Meta develops virtual and augmented reality hardware, software and services, including the Meta Quest line of headsets and related experiences.
Recommended Stories
- Five stocks we like better than Meta Platforms
- Skydance Just Became a Media Giant—With an $80 Billion Debt Load
- Could Velo3D Be the Next Defense Buyout Target?
- Penguin Solutions Is Soaring as AI Memory Demand Explodes
- Alphabet’s Chart Is Coiling—and the Fundamentals May Be Ready to Back It Up
Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter.
