Insider Selling: Meta Platforms (NASDAQ:META) COO Sells 517 Shares of Stock

Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan sold 517 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $631.00, for a total value of $326,227.00. Following the completion of the sale, the chief operating officer directly owned 6,924 shares of the company’s stock, valued at approximately $4,369,044. The trade was a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, November 3rd, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $656.00, for a total value of $339,152.00.
• On Monday, October 27th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $749.57, for a total transaction of $387,527.69.
• On Monday, October 20th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $721.30, for a total transaction of $372,912.10.
• On Monday, October 13th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $713.34, for a total value of $368,796.78.
• On Monday, October 6th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $704.81, for a total value of $364,386.77.
• On Monday, September 29th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $748.72, for a total transaction of $387,088.24.
• On Monday, September 22nd, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $781.33, for a total transaction of $403,947.61.
• On Monday, September 15th, Javier Olivan sold 517 shares of Meta Platforms stock. The stock was sold at an average price of $757.47, for a total transaction of $391,611.99.
• On Monday, September 8th, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $755.65, for a total value of $390,671.05.
• On Tuesday, September 2nd, Javier Olivan sold 517 shares of Meta Platforms stock. The shares were sold at an average price of $726.25, for a total value of $375,471.25.

Meta Platforms Price Performance

META traded down $18.07 on Wednesday, hitting $609.01. 24,329,365 shares of the stock were exchanged, compared to its average volume of 15,268,940. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25. The firm has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 26.90, a PEG ratio of 1.40 and a beta of 1.20. The business has a 50-day moving average of $721.92 and a two-hundred day moving average of $705.05.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business had revenue of $51.24 billion for the quarter, compared to analysts’ expectations of $49.34 billion. During the same period last year, the firm posted $6.03 earnings per share. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. Meta Platforms has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is 9.28%.

Institutional Investors Weigh In On Meta Platforms

A number of institutional investors have recently modified their holdings of META. Kingstone Capital Partners Texas LLC lifted its stake in shares of Meta Platforms by 608,429.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 59,775,823 shares of the social networking company’s stock valued at $44,119,937,000 after purchasing an additional 59,766,000 shares during the period. Norges Bank bought a new position in Meta Platforms during the second quarter worth $23,155,393,000. Laurel Wealth Advisors LLC increased its stake in Meta Platforms by 73,443.1% in the second quarter. Laurel Wealth Advisors LLC now owns 8,417,003 shares of the social networking company’s stock valued at $6,212,506,000 after purchasing an additional 8,405,558 shares in the last quarter. Nuveen LLC bought a new position in shares of Meta Platforms during the 1st quarter worth about $2,990,544,000. Finally, State Street Corp grew its stake in shares of Meta Platforms by 1.9% in the 2nd quarter. State Street Corp now owns 86,925,674 shares of the social networking company’s stock valued at $64,158,971,000 after buying an additional 1,650,435 shares during the period. 79.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Guggenheim reissued a “buy” rating and issued a $800.00 target price (up previously from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Jefferies Financial Group lowered their price target on shares of Meta Platforms from $950.00 to $910.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Wells Fargo & Company cut their price objective on Meta Platforms from $837.00 to $802.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Oppenheimer lowered Meta Platforms from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 30th. Finally, Royal Bank Of Canada dropped their price objective on shares of Meta Platforms from $840.00 to $810.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $827.60.

About Meta Platforms

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.