Meta Platforms (NASDAQ:META) COO Sells $754,800.00 in Stock

Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan sold 1,258 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $600.00, for a total value of $754,800.00. Following the completion of the transaction, the chief operating officer directly owned 1,973 shares of the company’s stock, valued at $1,183,800. This represents a 38.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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, 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 shares were sold at an average price of $629.29, for a total value of $395,823.41.
• On Monday, June 1st, Javier Olivan sold 837 shares of Meta Platforms stock. The shares were sold at an average price of $629.29, for a total value of $526,715.73.
• 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 Tuesday, May 26th, Javier Olivan sold 837 shares of Meta Platforms stock. The stock was sold at an average price of $608.98, for a total transaction of $509,716.26.
• On Monday, May 18th, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were 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 shares were 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 shares were 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 stock was sold at an average price of $607.74, for a total transaction of $382,268.46.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $577.22 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25. The firm’s 50-day simple moving average is $621.27 and its 200-day simple moving average is $634.15. The firm has a market cap of $1.46 trillion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 1.02 and a beta of 1.23.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, topping analysts’ consensus estimates of $6.67 by $3.77. The business had revenue of $56.31 billion during the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The company’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period last year, the firm earned $6.43 earnings per share. Equities analysts forecast that Meta Platforms, Inc. will post 29.35 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, June 15th. Meta Platforms’s dividend payout ratio (DPR) is currently 7.63%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in META. Brighton Jones LLC grew its position in shares of Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after acquiring an additional 570 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after purchasing an additional 875 shares during the last quarter. Headwater Capital Co Ltd boosted its stake in Meta Platforms by 294.7% during the 1st quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company’s stock valued at $86,454,000 after purchasing an additional 112,000 shares during the period. Dymon Asia Capital Singapore PTE. LTD. acquired a new position in Meta Platforms during the 2nd quarter valued at about $213,000. Finally, Capital & Planning LLC bought a new position in Meta Platforms in the 2nd quarter worth about $322,000. 79.91% of the stock is currently owned by institutional investors.

More Meta Platforms News

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

• Positive Sentiment: Wall Street commentary remains constructive on Meta’s long-term AI strategy, with Evercore ISI’s Mark Mahaney naming META one of the best “Magnificent 7” stock buys, reinforcing the view that the stock may still offer upside after its recent pullback. Article: Famous Wall Street Tech Analyst Names Meta and Amazon the Best Magnificent 7 Stock Buys Today
• Positive Sentiment: Meta continues to expand its AI infrastructure, including new computing deals with Crusoe and a strategic data-center partnership in India, which supports the company’s long-term AI capacity and monetization plans. Article: Meta signs new AI computing deals with data center firm Crusoe
• Positive Sentiment: Meta also drew favorable attention for rolling out new AI features for Facebook creators and broader AI tools that could deepen engagement and create new ad products over time. Article: Meta Platforms Rolls Out New AI Features On Facebook For Content Creators
• Neutral Sentiment: Meta continues to get attention for its cloud-computing ambitions, but that move is still viewed as a longer-term optionality story rather than an immediate earnings driver. Article: Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
• Neutral Sentiment: Meta’s strong last reported quarter and upcoming dividend remain supportive, but these are already well known and are not the main catalysts behind today’s trading. Article: META stock and company profile
• Negative Sentiment: Sentiment was hurt by reports that a senior AI executive is leaving Meta during a major AI transition, raising execution concerns at a time when the company is trying to accelerate its artificial intelligence roadmap. Article: Meta head of product for ‘AI for work’ transformation is leaving company
• Negative Sentiment: Meta was also hit by reports that attackers exploited its AI-powered support chatbot to take over high-profile Instagram accounts, adding security and trust concerns around its AI tools and platform controls. Article: Meta faces AI support breach as key internal AI executive exits
• Negative Sentiment: Meta is also facing regulatory and legal pressure, including a Washington high court decision upholding a $35 million campaign finance penalty, which adds to headline risk. Article: Washington high court upholds $35 million campaign finance penalty against Meta

Wall Street Analyst Weigh In

META has been the topic of several research analyst reports. TD Cowen reduced their price objective on Meta Platforms from $820.00 to $800.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. The Goldman Sachs Group lowered shares of Meta Platforms from a “buy” rating to a “sell” rating in a research note on Tuesday, June 2nd. Benchmark assumed coverage on shares of Meta Platforms in a report on Tuesday, June 2nd. They set a “buy” rating on the stock. UBS Group downgraded shares of Meta Platforms from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 2nd. Finally, Raymond James Financial raised shares of Meta Platforms from an “underperform” rating to an “outperform” rating in a report on Tuesday, June 2nd. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and a consensus target price of $840.60.

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.