Meta Platforms, Inc. (NASDAQ:META – Get Free Report) COO Javier Olivan sold 1,258 shares of the 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 transaction, the chief operating officer owned 1,973 shares of the company’s stock, valued at approximately $1,183,800. This trade represents a 38.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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, June 15th, Javier Olivan sold 140 shares of Meta Platforms stock. The shares were sold at an average price of $600.00, for a total value 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 value of $395,823.41.
- On Monday, June 1st, Javier Olivan sold 837 shares of Meta Platforms stock. The stock was sold at an average price of $629.29, for a total value of $526,715.73.
- On Tuesday, May 26th, Javier Olivan sold 629 shares of Meta Platforms stock. The stock was sold at an average price of $608.98, for a total value 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 value of $509,716.26.
- On Monday, May 18th, Javier Olivan sold 629 shares of Meta Platforms stock. The stock was sold at an average price of $609.35, for a total value of $383,281.15.
- On Monday, May 18th, Javier Olivan sold 837 shares of Meta Platforms stock. The stock was sold at an average price of $609.35, for a total value 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 shares were 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 Stock Performance
META stock opened at $567.58 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. The stock has a market capitalization of $1.44 trillion, a price-to-earnings ratio of 20.63, a PEG ratio of 1.06 and a beta of 1.23. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25. The stock’s fifty day moving average is $621.93 and its two-hundred day moving average is $635.05.
Meta Platforms Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, June 15th. Meta Platforms’s dividend payout ratio (DPR) is presently 7.63%.
Wall Street Analyst Weigh In
META has been the topic of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Meta Platforms in a research note on Friday, March 27th. Morgan Stanley cut their target price on Meta Platforms from $825.00 to $775.00 and set an “overweight” rating on the stock in a research note on Monday, March 30th. Erste Group Bank cut Meta Platforms from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Piper Sandler assumed coverage on Meta Platforms in a report on Tuesday, June 2nd. They set an “overweight” rating on the stock. Finally, Rosenblatt Securities reissued a “buy” rating and set a $1,015.00 price target on shares of Meta Platforms in a report on Thursday, May 28th. Three analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Meta Platforms presently has a consensus rating of “Moderate Buy” and a consensus target price of $840.60.
Get Our Latest Analysis on META
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Auto Owners Insurance Co grew its holdings in Meta Platforms by 76,587.7% during the fourth quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company’s stock worth $69,502,379,000 after acquiring an additional 105,154,977 shares during the period. Norges Bank acquired a new position in Meta Platforms during the fourth quarter worth about $22,152,075,000. Vanguard Group Inc. grew its holdings in Meta Platforms by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock worth $132,015,115,000 after acquiring an additional 7,269,279 shares during the period. Corient Private Wealth LLC grew its holdings in Meta Platforms by 488.1% during the fourth quarter. Corient Private Wealth LLC now owns 5,466,595 shares of the social networking company’s stock worth $3,608,445,000 after acquiring an additional 4,537,076 shares during the period. Finally, State Street Corp grew its holdings in Meta Platforms by 5.1% during the fourth quarter. State Street Corp now owns 90,841,345 shares of the social networking company’s stock worth $59,963,463,000 after acquiring an additional 4,395,763 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.
Meta Platforms News Summary
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Meta said Threads has reached 500 million monthly active users and is adding new features, which supports the long-term case for greater engagement and monetization across its social ecosystem. Reuters: Meta’s Threads reaches 500 million monthly users, rolls out new features
- Positive Sentiment: Meta is rolling out “AI mode” search and other AI-powered tools across Facebook and its apps, and Bank of America says the changes could open a new monetization opportunity. Proactive Investors: Meta introduces AI search and creative tools, Bank of America flags emerging monetization opportunity
- Positive Sentiment: Analysts remain constructive on Meta’s AI strategy and some recent commentary argues the stock still has upside despite heavy AI spending, helping offset valuation worries. Insider Monkey: BofA reiterates Buy rating on Meta Platforms
- Neutral Sentiment: Meta’s CEO and stock have been the subject of valuation debates, with articles comparing it to Alphabet and questioning whether AI ad growth can justify the company’s high spending and price-to-sales multiple. 24/7 Wall St: Alphabet vs. Meta
- Neutral Sentiment: Meta also received attention for shareholder returns, including an upcoming quarterly dividend, which is supportive but not likely the main driver of the move. Finbold: Meta to pay dividends next week
- Negative Sentiment: Reuters reported that Meta’s head of product for its “AI for work” transformation is leaving the company, adding to concerns about execution during a major AI overhaul. Reuters: Meta head of product for ‘AI for work’ transformation is leaving company
- Negative Sentiment: Meta was also hit by reports that attackers used its AI chatbot to compromise Instagram accounts, a security issue that could weigh on sentiment around its AI products and trust in its platforms. Yahoo Finance: Meta faces AI support breach as key internal AI executive exits
Meta Platforms Company Profile
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.
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