Meta Platforms, Inc. (NASDAQ:META – Get Free Report) COO Javier Olivan sold 946 shares of the business’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $750.42, for a total transaction of $709,897.32. Following the completion of the transaction, the chief operating officer directly owned 8,824 shares of the company’s stock, valued at approximately $6,621,706.08. This represents a 9.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Javier Olivan also recently made the following trade(s):
- On Monday, September 28th, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $748.91, for a total value of $471,064.39.
- On Monday, September 21st, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $680.27, for a total value of $427,889.83.
- On Monday, September 21st, Javier Olivan sold 946 shares of Meta Platforms stock. The shares were sold at an average price of $680.27, for a total transaction of $643,535.42.
- On Monday, September 14th, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $657.73, for a total transaction of $413,712.17.
- On Monday, September 14th, Javier Olivan sold 946 shares of Meta Platforms stock. The stock was sold at an average price of $657.73, for a total value of $622,212.58.
- On Tuesday, September 8th, Javier Olivan sold 2,516 shares of Meta Platforms stock. The stock was sold at an average price of $616.44, for a total value of $1,550,963.04.
- On Tuesday, September 8th, Javier Olivan sold 2,838 shares of Meta Platforms stock. The shares were sold at an average price of $616.71, for a total transaction of $1,750,222.98.
- On Monday, August 10th, Javier Olivan sold 434 shares of Meta Platforms stock. The shares were sold at an average price of $602.70, for a total transaction of $261,571.80.
- On Monday, August 10th, Javier Olivan sold 1,258 shares of Meta Platforms stock. The stock was sold at an average price of $600.00, for a total value of $754,800.00.
- On Monday, July 27th, Javier Olivan sold 629 shares of Meta Platforms stock. The stock was sold at an average price of $607.85, for a total value of $382,337.65.
Meta Platforms Stock Down 1.6%
Shares of META stock traded down $11.88 during trading hours on Wednesday, hitting $726.91. 19,223,698 shares of the company were exchanged, compared to its average volume of 17,596,566. The business has a 50 day moving average of $618.47 and a two-hundred day moving average of $613.86. The company has a market capitalization of $1.85 trillion, a PE ratio of 27.38, a PEG ratio of 1.25 and a beta of 1.25. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.32. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $779.82.
Meta Platforms Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Monday, September 21st were paid a dividend of $0.5250 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 21st. Meta Platforms’s dividend payout ratio is currently 7.91%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on META shares. Weiss Ratings restated a “hold (c+)” rating on shares of Meta Platforms in a research note on Tuesday, September 22nd. Phillip Securities raised Meta Platforms from a “buy” rating to a “strong-buy” rating and dropped their target price for the stock from $795.00 to $750.00 in a report on Monday, August 3rd. New Street Research cut their price target on Meta Platforms from $730.00 to $700.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Monness Crespi & Hardt increased their price objective on shares of Meta Platforms from $730.00 to $830.00 and gave the stock a “buy” rating in a research note on Monday. Finally, BMO Capital Markets reduced their target price on Meta Platforms from $720.00 to $580.00 and set a “market perform” rating on the stock in a report on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $787.86.
Check Out Our Latest Report on Meta Platforms
Key Meta Platforms News
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Muse has gained significant early traction, reportedly surpassing ChatGPT in U.S. Apple App Store downloads. Investors see potential revenue from subscriptions, transaction fees, advertising improvements and enterprise software. Meta stock enjoys best month since 2022 on AI momentum
- Positive Sentiment: Meta is expanding Muse beyond consumers through tools for small businesses and a broader enterprise platform, including integrations with Shopify, QuickBooks, Slack, Dropbox and Canva. The company also hired MongoDB’s former CEO to lead its enterprise AI initiative. Meta expands Muse AI agent for small businesses
- Positive Sentiment: A reported $27 billion AI-capacity agreement with Nebius, along with other data-center partnerships, highlights Meta’s commitment to scaling AI infrastructure and could support Muse and advertising capabilities. Nebius Group signs AI capacity deal with Meta
- Neutral Sentiment: Analysts increasingly view Meta as a potential “come-from-behind” AI beneficiary because it can apply AI directly to its large advertising business, rather than relying solely on infrastructure spending. However, the strategy requires substantial capital investment before returns are clear. Meta could be the AI trade’s come-from-behind winner
- Negative Sentiment: OpenAI’s newly launched Dots agents present a direct competitive threat to Muse. Investors are concerned that competition from OpenAI, Google, Apple and startups could limit user monetization or force Meta to spend even more. OpenAI follows Meta into personal agents
- Negative Sentiment: Reports alleging that Muse accessed private messages or exposed sensitive information have raised privacy and reputational concerns, although Meta disputes the claim and says user consent was involved. Meta disputes Muse privacy claim
- Negative Sentiment: Meta’s heavy AI spending and sharply higher capital expenditures are pressuring free cash flow and increasing scrutiny of returns. A New York Times report also questioned the company’s use of data-center tax incentives. How Meta uses AI data centers to avoid federal taxes
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of META. QRG Capital Management Inc. raised its stake in Meta Platforms by 5.5% during the second quarter. QRG Capital Management Inc. now owns 372,579 shares of the social networking company’s stock worth $209,870,000 after buying an additional 19,353 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Meta Platforms by 6.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 119,557 shares of the social networking company’s stock worth $67,330,000 after acquiring an additional 7,184 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Meta Platforms by 2.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,236,516 shares of the social networking company’s stock valued at $1,823,088,000 after purchasing an additional 64,136 shares during the period. State Street Corp grew its position 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 purchasing an additional 3,510,123 shares during the period. Finally, Silicon Valley Capital Partners increased its stake in Meta Platforms by 13.9% during the 2nd quarter. Silicon Valley Capital Partners now owns 74,799 shares of the social networking company’s stock valued at $42,134,000 after purchasing an additional 9,114 shares in the last quarter. 79.91% of the stock is owned by 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 operates a global family of apps that includes Facebook, Instagram, Messenger, WhatsApp and Threads, enabling users to connect, communicate, share content and discover communities.
Meta generates most of its business through digital advertising displayed across its platforms. Its products serve individuals, creators, businesses and organizations in markets around the world, while its advertising tools help businesses reach audiences based on factors such as interests, activity and demographics.
Through its Reality Labs division, Meta develops virtual and augmented reality hardware, software and services, including the Meta Quest line of headsets and related experiences.
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