Meta Platforms, Inc. (NASDAQ:META – Get Free Report) COO Javier Olivan sold 946 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $614.15, for a total transaction of $580,985.90. Following the sale, the chief operating officer owned 4,094 shares in the company, valued at $2,514,330.10. This trade represents a 18.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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, November 2nd, Javier Olivan sold 629 shares of Meta Platforms stock. The stock was sold at an average price of $614.15, for a total transaction of $386,300.35.
- On Monday, October 26th, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $640.00, for a total transaction of $402,560.00.
- On Monday, October 26th, Javier Olivan sold 946 shares of Meta Platforms stock. The shares were sold at an average price of $640.00, for a total transaction of $605,440.00.
- On Monday, October 19th, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $707.20, for a total transaction of $444,828.80.
- On Monday, October 19th, Javier Olivan sold 946 shares of Meta Platforms stock. The stock was sold at an average price of $707.20, for a total transaction of $669,011.20.
- On Monday, October 12th, Javier Olivan sold 629 shares of Meta Platforms stock. The stock was sold at an average price of $728.10, for a total transaction of $457,974.90.
- On Monday, October 12th, Javier Olivan sold 946 shares of Meta Platforms stock. The stock was sold at an average price of $728.10, for a total transaction of $688,782.60.
- 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 transaction of $457,962.32.
- On Monday, October 5th, Javier Olivan sold 946 shares of Meta Platforms stock. The stock was sold at an average price of $728.08, for a total transaction of $688,763.68.
- 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 transaction of $471,064.39.
Meta Platforms Stock Up 1.4%
Shares of Meta Platforms stock traded up $8.97 during trading hours on Wednesday, reaching $630.00. 32,391,006 shares of the company were exchanged, compared to its average volume of 18,134,633. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $779.82. The stock’s fifty day moving average is $672.41 and its 200 day moving average is $632.16. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market cap of $1.61 trillion, a PE ratio of 21.48, a PEG ratio of 1.05 and a beta of 1.28.
Meta Platforms (NASDAQ:META – Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The social networking company reported $7.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.54 by $0.86. The business had revenue of $64.60 billion for the quarter, compared to analysts’ expectations of $63.34 billion. Meta Platforms had a return on equity of 30.73% and a net margin of 31.15%. The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same period last year, the firm earned $7.25 earnings per share. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 29.01 earnings per share for the current year.
Meta Platforms Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, September 28th. Shareholders of record on Monday, September 21st were issued a dividend of $0.5250 per share. The ex-dividend date was Monday, September 21st. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s dividend payout ratio is 7.16%.
Analyst Ratings Changes
META has been the subject of several recent research reports. Phillip Securities upgraded Meta Platforms from a “buy” rating to a “strong-buy” rating and decreased their price objective for the company from $795.00 to $750.00 in a research note on Monday, August 3rd. Robert W. Baird cut their target price on shares of Meta Platforms from $830.00 to $750.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. Citic Securities reduced their target price on shares of Meta Platforms from $770.00 to $718.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. President Capital upgraded shares of Meta Platforms from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $660.00 to $897.00 in a research note on Thursday, September 24th. Finally, Canaccord Genuity Group boosted their price target on shares of Meta Platforms from $930.00 to $950.00 and gave the stock a “buy” rating in a report on Friday, September 25th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus price target of $833.12.
Read Our Latest Stock Report on Meta Platforms
Key Stories Impacting Meta Platforms
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Meta’s debut euro-bond sale drew record orders as the company sought to raise about $9.2 billion. Strong demand may reassure investors that Meta can access capital to fund its AI expansion. Reuters: Meta draws record orders for debut euro bond sale
- Positive Sentiment: Meta acquired Conductor, an AI coding startup that uses multiple agents to build software projects in parallel. The deal could strengthen Meta’s AI tools and development capabilities; financial terms were not reported. TechCrunch: Meta acquires AI coding startup Conductor
- Neutral Sentiment: Meta is changing its internal AI-model codenames from fruit names, a branding shift intended to project a more serious image as its AI capabilities advance. The move is unlikely to have a direct near-term financial effect. Business Insider: Meta isn’t naming its AI models after fruit anymore
- Negative Sentiment: The euro issuance comes amid a broader borrowing push to finance AI infrastructure. Reports say Meta is seeking roughly $9.2 billion in euro debt after raising $15 billion in U.S. bonds; a reported 7.5% yield on 30-year debt highlights the potential cost of funding its expansion. Heavy AI spending could pressure cash flow and raise concerns about returns on investment. The Wall Street Journal: Meta seeks to raise $9.2 billion in debut euro bond sale
Institutional Trading of Meta Platforms
Institutional investors have recently bought and sold shares of the business. State Street Corp increased its position in shares of Meta Platforms by 4.0% during the second quarter. State Street Corp now owns 92,033,963 shares of the social networking company’s stock worth $51,841,811,000 after purchasing an additional 3,510,123 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Meta Platforms by 14.6% in the 1st quarter. Bank of America Corp DE now owns 21,038,035 shares of the social networking company’s stock valued at $12,036,491,000 after purchasing an additional 2,673,494 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Meta Platforms by 1.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,836,063 shares of the social networking company’s stock valued at $7,230,426,000 after purchasing an additional 162,909 shares during the period. Amundi boosted its position in shares of Meta Platforms by 18.1% in the 1st quarter. Amundi now owns 11,858,972 shares of the social networking company’s stock valued at $6,784,873,000 after purchasing an additional 1,815,017 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Meta Platforms by 4.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,429,812 shares of the social networking company’s stock valued at $5,964,745,000 after purchasing an additional 404,948 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.
About Meta Platforms
Meta Platforms, Inc is a technology company that develops social networking, messaging, virtual and augmented reality, and artificial intelligence products. The company’s principal platforms include Facebook, Instagram, Messenger, WhatsApp, and Threads, which enable users to connect, communicate, share content, and discover products and services.
Meta also operates Reality Labs, its division focused on virtual, augmented, and mixed reality technologies. Reality Labs develops products such as Meta Quest virtual reality headsets and related software and experiences, along with research and hardware intended to support immersive computing.
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