Insider Selling: Meta Platforms (NASDAQ:META) COO Sells $596,954.38 in Stock

Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan sold 946 shares of Meta Platforms stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $631.03, for a total value of $596,954.38. Following the completion of the transaction, the chief operating officer directly owned 3,148 shares in the company, valued at approximately $1,986,482.44. This represents a 23.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 9th, Javier Olivan sold 629 shares of Meta Platforms stock. The stock was sold at an average price of $631.03, for a total value of $396,917.87.
• On Monday, November 2nd, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $614.15, for a total value of $386,300.35.
• On Monday, November 2nd, Javier Olivan sold 946 shares of Meta Platforms stock. The shares were sold at an average price of $614.15, for a total value of $580,985.90.
• On Monday, October 26th, Javier Olivan sold 629 shares of Meta Platforms stock. The stock was 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 stock was 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 shares were 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 shares were 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 shares were 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 stock was sold at an average price of $728.08, for a total transaction of $457,962.32.

Meta Platforms Stock Performance

NASDAQ META traded down $5.16 during midday trading on Thursday, hitting $623.61. The company had a trading volume of 10,268,372 shares, compared to its average volume of 18,105,703. The firm has a fifty day simple moving average of $678.62 and a two-hundred day simple moving average of $632.12. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $779.82. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1.59 trillion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.11 and a beta of 1.28.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Thursday, October 22nd. The social networking company reported $7.40 EPS for the quarter, beating analysts’ consensus estimates of $6.54 by $0.86. The business had revenue of $64.60 billion during the quarter, compared to analyst estimates of $63.34 billion. Meta Platforms had a net margin of 31.15% and a return on equity of 30.73%. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.25 earnings per share. Equities analysts forecast that Meta Platforms, Inc. will post 29.01 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Monday, September 21st were given a dividend of $0.5250 per share. The ex-dividend date of this dividend 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 (DPR) is 7.16%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LP raised its holdings in shares of 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 buying an additional 7,732,446 shares in the last quarter. Jupiter Topco LLC acquired a new stake in Meta Platforms in the 2nd quarter valued at $2,948,486,000. State Street Corp boosted its stake in Meta Platforms by 4.0% in the 2nd quarter. State Street Corp now owns 92,033,963 shares of the social networking company’s stock valued at $51,841,811,000 after buying an additional 3,510,123 shares in the last quarter. Bank of America Corp DE boosted its stake in 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 buying an additional 2,673,494 shares in the last quarter. Finally, Amundi boosted its stake in 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 buying an additional 1,815,017 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

META has been the subject of several recent research reports. President Capital raised Meta Platforms from a “neutral” rating to a “buy” rating and upped their price target for the company from $660.00 to $897.00 in a report on Thursday, September 24th. New Street Research decreased their price objective on Meta Platforms from $730.00 to $700.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Phillip Securities upgraded Meta Platforms from a “buy” rating to a “strong-buy” rating and lowered their price objective for the company from $795.00 to $750.00 in a research report on Monday, August 3rd. JPMorgan Chase & Co. upped their target price on Meta Platforms from $920.00 to $940.00 and gave the company an “overweight” rating in a research note on Thursday, October 22nd. Finally, Robert W. Baird reduced their target price on Meta Platforms from $830.00 to $750.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $833.12.

Trending Headlines about Meta Platforms

Here are a few of the latest headlines about META:

• Positive Sentiment: ETFs bought about $99.7 million of Meta shares on November 10, a sign of institutional demand. ETFs Bought $99.7 Million of Meta Platforms
• Negative Sentiment: United Airlines barred AI agents from booking tickets, raising doubts about how quickly Meta’s AI agents can gain traction in real-world services. The report linked the news to selling pressure in Meta shares. United Airlines Bars AI Agents from Booking Tickets
• Negative Sentiment: The UK fined Meta over repeated inaccuracies in WhatsApp Business data, adding regulatory risk. Separately, a Brazilian electoral court fined Facebook over alleged unequal content treatment during a presidential campaign. Meta Fined by UK Regulator Meta Fined by Brazil Electoral Court

Meta Platforms Company Profile

Meta Platforms, Inc. is a global technology company that develops social networking, messaging, and digital communication products. Its services include Facebook, Instagram, WhatsApp, Messenger, and Threads, which connect people and help businesses reach audiences around the world. The company also develops virtual and augmented reality products and technologies through its Reality Labs division, including Quest headsets and related software and services. Advertising is a central part of Meta’s business, with its platforms providing tools for businesses to promote products and services.