Javier Olivan Sells 1,258 Shares of Meta Platforms (NASDAQ:META) Stock

Meta Platforms, Inc. (NASDAQ:META) COO Javier Olivan sold 1,258 shares of the company’s stock in a transaction that occurred on 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 trade represents a 38.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 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 transaction 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 transaction 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 transaction of $526,715.73.
• On Tuesday, May 26th, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were 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 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 shares were sold at an average price of $607.74, for a total value of $382,268.46.

Meta Platforms Trading Up 1.7%

NASDAQ:META opened at $577.22 on Friday. The company has a market capitalization of $1.46 trillion, a PE ratio of 20.98, a P/E/G ratio of 1.01 and a beta of 1.23. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $796.25. The stock’s 50 day moving average price is $621.98 and its 200 day moving average price is $634.55. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, beating analysts’ consensus estimates of $6.67 by $3.77. The company had revenue of $56.31 billion during the quarter, compared to analysts’ expectations of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.43 earnings per share. On average, research analysts anticipate that Meta Platforms, Inc. will post 29.35 EPS for the current year.

Meta Platforms Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 15th will be given a $0.525 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.10 annualized dividend and a yield of 0.4%. Meta Platforms’s dividend payout ratio is 7.63%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Westchester Capital Management Inc. purchased a new position in shares of Meta Platforms in the 3rd quarter valued at about $26,000. RHL Group LLC purchased a new stake in Meta Platforms during the fourth quarter worth about $28,000. Strategic Wealth Advisors LLC purchased a new stake in Meta Platforms during the fourth quarter worth about $29,000. Niles Investment Management LLC acquired a new position in Meta Platforms during the fourth quarter worth about $29,000. Finally, Axiom Investment Management LLC purchased a new position in Meta Platforms in the first quarter valued at about $36,000. Hedge funds and other institutional investors own 79.91% of the company’s stock.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Meta is expanding its AI infrastructure by signing new computing deals with Crusoe, which should help support its long-term AI buildout and capacity needs. Reuters: Meta signs new AI computing deals with data center firm Crusoe
• Positive Sentiment: Meta continues to strengthen its AI-led growth narrative through data center expansion in India and new creator-focused AI tools on Facebook, both of which could improve engagement and future monetization. Insider Monkey: Meta rolls out new AI features on Facebook for content creators
• Positive Sentiment: Threads has reached 500 million monthly active users, and Meta is adding new community and feed features, reinforcing the company’s platform growth beyond Facebook and Instagram. Yahoo Finance: Meta reaches 500 million Threads users
• Neutral Sentiment: Meta’s COO Javier Olivan disclosed another pre-planned stock sale, which is notable but not necessarily a fundamental signal since it was executed under a 10b5-1 plan. InsiderTrades: Meta COO sells stock
• Neutral Sentiment: Meta’s dividend and long-term shareholder-return profile are supportive, but this is unlikely to be the main short-term stock driver. Finbold: Meta to pay dividends next week
• Negative Sentiment: Reuters reported that Meta is lobbying Congress for legal protection from child-harm lawsuits, keeping regulatory and litigation risk in focus for investors. Reuters: Meta lobbies Congress for protection from child-harm lawsuits
• Negative Sentiment: Concerns around AI execution also weighed on sentiment after Reuters said a key executive overseeing Meta’s “AI for work” transformation is leaving the company. Reuters: 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 customer support chatbot to compromise Instagram accounts, raising trust and security concerns around its AI tools. Yahoo Finance: Meta faces AI support breach as key internal AI executive exits

Analyst Ratings Changes

A number of brokerages have recently commented on META. UBS Group cut shares of Meta Platforms from a “buy” rating to a “neutral” rating in a report on Tuesday, June 2nd. BNP Paribas Exane began coverage on Meta Platforms in a research report on Tuesday, June 2nd. They set an “outperform” rating for the company. Mizuho lowered their target price on Meta Platforms from $850.00 to $835.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Bank of America cut their price target on Meta Platforms from $885.00 to $820.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Finally, Arete Research set a $735.00 price objective on shares of Meta Platforms and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Three analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus 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.