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

Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan sold 837 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $608.98, for a total value of $509,716.26. Following the sale, the chief operating officer owned 13,823 shares in the company, valued at approximately $8,417,930.54. This trade represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 value 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 value 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 value 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 value 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 value of $559,831.82.
• On Monday, May 4th, Javier Olivan sold 629 shares of Meta Platforms stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $680.09, for a total value of $427,776.61.

Meta Platforms Trading Up 0.0%

NASDAQ:META traded up $0.03 during trading hours on Thursday, hitting $635.29. 16,720,270 shares of the company were exchanged, compared to its average volume of 15,763,576. The stock has a market capitalization of $1.61 trillion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 1.08 and a beta of 1.25. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $796.25. The company has a fifty day simple moving average of $617.25 and a 200 day simple moving average of $636.82.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, beating analysts’ consensus estimates of $6.67 by $3.77. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The company had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. During the same period in the prior year, the firm posted $6.43 EPS. The company’s quarterly revenue was up 33.1% on a year-over-year basis. Sell-side analysts expect that Meta Platforms, Inc. will post 29.49 EPS for the current fiscal year.

More Meta Platforms News

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

Analyst Ratings Changes

A number of analysts have weighed in on the company. KeyCorp reiterated an “overweight” rating and set a $760.00 price target on shares of Meta Platforms in a report on Thursday, April 30th. Wedbush raised their target price on Meta Platforms from $880.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Wall Street Zen downgraded Meta Platforms from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Cantor Fitzgerald dropped their price target on Meta Platforms from $850.00 to $750.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $810.00 price target on shares of Meta Platforms in a report on Thursday, April 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $840.19.

Institutional Trading of Meta Platforms

Several large investors have recently made changes to their positions in the company. Cozad Asset Management Inc. grew its stake in shares of Meta Platforms by 11.7% in the 1st quarter. Cozad Asset Management Inc. now owns 32,503 shares of the social networking company’s stock valued at $18,596,000 after buying an additional 3,401 shares during the period. Lavelle Capital LP acquired a new stake in shares of Meta Platforms in the 1st quarter valued at about $16,542,000. Maripau Wealth Management LLC grew its stake in shares of Meta Platforms by 9.2% in the 1st quarter. Maripau Wealth Management LLC now owns 1,898 shares of the social networking company’s stock valued at $1,086,000 after buying an additional 160 shares during the period. Alpine Woods Capital Investors LLC grew its stake in shares of Meta Platforms by 9.6% in the 1st quarter. Alpine Woods Capital Investors LLC now owns 3,809 shares of the social networking company’s stock valued at $2,179,000 after buying an additional 335 shares during the period. Finally, Allen Capital Group LLC grew its stake in shares of Meta Platforms by 4.8% in the 1st quarter. Allen Capital Group LLC now owns 15,867 shares of the social networking company’s stock valued at $9,078,000 after buying an additional 727 shares during the period. 79.91% of the stock is currently owned by institutional investors and hedge funds.

About Meta Platforms

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.