Javier Olivan Sells 434 Shares of Meta Platforms (NASDAQ:META) Stock

Meta Platforms, Inc. (NASDAQ:METAGet Free Report) COO Javier Olivan sold 434 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $602.70, for a total value of $261,571.80. Following the completion of the transaction, the chief operating officer directly owned 5,856 shares in the company, valued at approximately $3,529,411.20. This represents a 6.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Monday, August 10th, Javier Olivan sold 1,258 shares of Meta Platforms stock. The shares were sold at an average price of $600.00, for a total value of $754,800.00.
  • On Monday, July 27th, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $607.85, for a total transaction of $382,337.65.
  • On Monday, July 27th, Javier Olivan sold 837 shares of Meta Platforms stock. The stock was sold at an average price of $607.85, for a total transaction of $508,770.45.
  • On Monday, July 20th, Javier Olivan sold 629 shares of Meta Platforms stock. The stock was sold at an average price of $645.85, for a total transaction of $406,239.65.
  • On Monday, July 20th, Javier Olivan sold 837 shares of Meta Platforms stock. The shares were sold at an average price of $645.85, for a total transaction of $540,576.45.
  • On Monday, July 6th, Javier Olivan sold 1,887 shares of Meta Platforms stock. The stock was sold at an average price of $600.62, for a total transaction of $1,133,369.94.
  • On Monday, July 6th, Javier Olivan sold 3,348 shares of Meta Platforms stock. The stock was sold at an average price of $600.97, for a total transaction of $2,012,047.56.
  • On Monday, June 15th, Javier Olivan sold 1,258 shares of Meta Platforms stock. The shares were sold at an average price of $600.00, for a total transaction of $754,800.00.
  • On Monday, June 15th, Javier Olivan sold 140 shares of Meta Platforms stock. The stock was sold at an average price of $600.00, for a total value of $84,000.00.
  • On Monday, June 1st, Javier Olivan sold 629 shares of Meta Platforms stock. The stock was sold at an average price of $629.29, for a total value of $395,823.41.

Meta Platforms Price Performance

NASDAQ META opened at $594.97 on Friday. The company has a market capitalization of $1.52 trillion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 0.99 and a beta of 1.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current ratio of 2.23. The business’s fifty day moving average is $596.01 and its 200 day moving average is $620.62. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $796.25.

Meta Platforms (NASDAQ:METAGet Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The social networking company reported $6.18 earnings per share for the quarter, missing analysts’ consensus estimates of $7.19 by ($1.01). The company had revenue of $60.80 billion for the quarter, compared to analysts’ expectations of $60.22 billion. Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The firm’s quarterly revenue was up 28.0% on a year-over-year basis. During the same period in the previous year, the firm earned $7.14 earnings per share. Sell-side analysts predict that Meta Platforms, Inc. will post 28.5 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Monday, June 15th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 annualized dividend and a yield of 0.4%. Meta Platforms’s payout ratio is currently 7.91%.

Institutional Trading of Meta Platforms

Hedge funds have recently modified their holdings of the company. RHL Group LLC purchased a new stake in Meta Platforms during the fourth quarter valued at $28,000. Strategic Wealth Advisors LLC bought a new position in Meta Platforms during the fourth quarter valued at $29,000. Advantage Trust Co purchased a new position in shares of Meta Platforms in the 2nd quarter worth $28,000. Axiom Investment Management LLC purchased a new position in shares of Meta Platforms in the 1st quarter worth $36,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Meta Platforms in the 4th quarter worth about $42,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

Key Meta Platforms News

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

  • Positive Sentiment: Investors are viewing Meta’s roughly $145 billion AI infrastructure commitment as a potentially valuable long-term investment. The company’s data-center buildout and open-weight AI models could strengthen advertising performance, user engagement and future products. Meta and Nvidia plant “very firm flag” in open-weight AI race
  • Positive Sentiment: Meta’s rollout of a standalone Facebook Creator Studio app with AI-powered audience-growth and engagement tools may support creator activity and platform monetization. Facebook officially rolls out its standalone Creator Studio app with AI tools for creators
  • Positive Sentiment: Analysts continue to see substantial upside in META, with consensus price targets well above recent trading levels. The bullish view is supported by strong revenue growth and expectations that AI investments will reinforce Meta’s core advertising business. Meta remains a deeply discounted giant
  • Positive Sentiment: Meta’s partnership with the North America’s Building Trades Unions is intended to expand access to skilled workers for construction and maintenance of U.S. AI infrastructure, supporting execution of its ambitious capacity expansion. Meta taps skilled trades workers to power America’s AI infrastructure boom
  • Neutral Sentiment: Meta removed approximately 756,000 suspected under-16 accounts in Australia—462,000 Instagram accounts and 294,000 Facebook accounts—as it responds to the country’s youth-social-media restrictions. The move demonstrates compliance but may increase moderation and enforcement costs. Meta says it has taken down 756,000 Australian teen accounts
  • Negative Sentiment: Meta is defending itself in a major trial brought by 29 U.S. states alleging that Facebook and Instagram were designed to addict children. An adverse outcome could bring significant damages and require costly platform changes. Meta, 29 states head to court over youth social media litigation
  • Negative Sentiment: AI spending is pressuring profitability and cash flow, while a German privacy complaint over Meta’s AI glasses adds regulatory risk to its wearable-AI strategy. German advocacy group lodges criminal complaint over Meta AI glasses
  • Negative Sentiment: COO Javier Olivan’s recent sales under a pre-arranged Rule 10b5-1 plan, along with some institutional stake reductions, may weigh on sentiment, although the transactions do not necessarily indicate weaker fundamentals.

Wall Street Analyst Weigh In

META has been the topic of several recent analyst reports. BNP Paribas Exane assumed coverage on shares of Meta Platforms in a research report on Tuesday, June 2nd. They set an “outperform” rating on the stock. Barclays dropped their target price on shares of Meta Platforms from $830.00 to $780.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Erste Group Bank upgraded Meta Platforms from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Raymond James Financial raised their price target on Meta Platforms from $825.00 to $850.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 21st. Finally, Guggenheim restated a “buy” rating and issued a $800.00 price objective on shares of Meta Platforms in a research report on Tuesday, July 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $785.32.

Read Our Latest Analysis on Meta Platforms

About Meta Platforms

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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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