Key Points
- Meta COO Javier Olivan sold 434 shares at an average price of $602.70, totaling $261,571.80, under a pre-arranged Rule 10b5-1 plan. He retained 5,856 shares valued at approximately $3.53 million.
- Meta reported quarterly revenue of $60.8 billion, up 28% year over year and above estimates, but earnings per share of $6.18 fell short of the $7.19 consensus forecast.
- Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $785.32, though several brokerages recently lowered their targets.
Meta Platforms, Inc. (NASDAQ:META - Get Free Report) COO Javier Olivan sold 434 shares of the company's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $602.70, for a total transaction of $261,571.80. Following the completion of the sale, the chief operating officer directly owned 5,856 shares of the company's stock, valued at approximately $3,529,411.20. This trade represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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, August 10th, Javier Olivan sold 1,258 shares of Meta Platforms stock. The shares were sold at an average price of $600.00, for a total transaction of $754,800.00.
- On Monday, July 27th, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $607.85, for a total transaction of $382,337.65.
- On Monday, July 27th, Javier Olivan sold 837 shares of Meta Platforms stock. The stock was sold at an average price of $607.85, for a total transaction of $508,770.45.
- On Monday, July 20th, Javier Olivan sold 629 shares of Meta Platforms stock. The shares were sold at an average price of $645.85, for a total transaction of $406,239.65.
- On Monday, July 20th, Javier Olivan sold 837 shares of Meta Platforms stock. The shares were sold at an average price of $645.85, for a total transaction of $540,576.45.
- On Monday, July 6th, Javier Olivan sold 1,887 shares of Meta Platforms stock. The stock was sold at an average price of $600.62, for a total transaction of $1,133,369.94.
- On Monday, July 6th, Javier Olivan sold 3,348 shares of Meta Platforms stock. The shares were sold at an average price of $600.97, for a total value of $2,012,047.56.
- On Monday, June 15th, Javier Olivan sold 1,258 shares of Meta Platforms stock. The shares were sold at an average price of $600.00, for a total value of $754,800.00.
- 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 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.
Meta Platforms Price Performance
META opened at $578.85 on Thursday. The business's 50-day moving average is $596.66 and its two-hundred day moving average is $621.07. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.23 and a quick ratio of 2.23. The firm has a market capitalization of $1.47 trillion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25.
Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The social networking company reported $6.18 EPS for the quarter, missing the consensus estimate of $7.19 by ($1.01). Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The firm had revenue of $60.80 billion for the quarter, compared to analysts' expectations of $60.22 billion. During the same period in the previous year, the company posted $7.14 earnings per share. The business's quarterly revenue was up 28.0% compared to the same quarter last year. Research analysts anticipate that Meta Platforms, Inc. will post 28.5 earnings per share for the current fiscal year.
Meta Platforms Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 15th. Meta Platforms's dividend payout ratio is currently 7.91%.
Meta Platforms News Summary
Here are the key news stories impacting Meta Platforms this week:
- Positive Sentiment: Analysts continue to forecast strong earnings growth. Erste Group lowered its FY2027 EPS estimate to $33.92 from $35.13 but maintained a “Buy” rating, while the broader consensus target implies substantial upside from recent trading levels. Brokers Issue Forecasts for Meta Platforms FY2027 Earnings
- Positive Sentiment: Meta rolled out its standalone Facebook Creator Studio app, offering AI-powered audience-growth advice and engagement tools that could improve creator activity and platform monetization. Facebook officially rolls out its standalone Creator Studio app with AI tools for creators
- Positive Sentiment: Meta’s open-weight AI strategy and new model releases strengthen its competitive position in the AI race and may improve advertising performance, engagement and future product development. Meta and Nvidia plant “very firm flag” in open-weight AI race
- Neutral Sentiment: Meta said it removed roughly 756,000 accounts believed to belong to Australians under age 16 ahead of Australia’s teen-account restrictions. The action demonstrates compliance but could increase enforcement, moderation and product-development costs. Meta says it has taken down 756,000 Australian teen accounts
- Negative Sentiment: Meta is facing a major trial brought by 29 U.S. states alleging that Facebook and Instagram were designed to addict children. A potential adverse ruling could lead to large damages, platform changes and thousands of additional youth-related lawsuits. Meta, 29 states head to court in biggest test yet of youth social media litigation
- Negative Sentiment: A German advocacy group filed a criminal complaint over Meta’s AI glasses, alleging privacy-law violations. The complaint adds to regulatory uncertainty around Meta’s wearable-AI expansion. German advocacy group lodges criminal complaint over Meta AI glasses
- Negative Sentiment: Investors remain concerned that sharply higher AI infrastructure and data-center spending is compressing profitability and free cash flow. Analysts noted rising costs and limited visibility into 2027 capital expenditures despite strong advertising growth. Meta’s Open-Source Crusade Is Also a Fight for Control
- Negative Sentiment: Meta COO Javier Olivan disclosed stock sales totaling about $1.02 million under a pre-arranged Rule 10b5-1 plan, while some investment managers also reduced their holdings. These transactions are not necessarily a signal of deteriorating fundamentals but can weigh on sentiment.
Analysts Set New Price Targets
Several brokerages recently commented on META. Susquehanna decreased their price objective on shares of Meta Platforms from $900.00 to $650.00 and set a "positive" rating for the company in a research report on Thursday, July 30th. Needham & Company LLC reaffirmed a "hold" rating on shares of Meta Platforms in a report on Wednesday, July 8th. Bank of America cut their target price on Meta Platforms from $835.00 to $810.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. The Goldman Sachs Group reduced their target price on Meta Platforms from $815.00 to $725.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $810.00 price target on shares of Meta Platforms in a research note on Monday, June 1st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $785.32.
View Our Latest Research Report on Meta Platforms
Hedge Funds Weigh In On Meta Platforms
Institutional investors have recently modified their holdings of the stock. RHL Group LLC purchased a new stake in shares of Meta Platforms in the fourth quarter valued at approximately $28,000. Strategic Wealth Advisors LLC purchased a new position in Meta Platforms during the fourth quarter worth approximately $29,000. Advantage Trust Co purchased a new position in Meta Platforms during the second quarter worth approximately $28,000. Axiom Investment Management LLC acquired a new position in Meta Platforms during the first quarter worth $36,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in Meta Platforms during the fourth quarter worth $42,000. Hedge funds and other institutional investors own 79.91% of the company's stock.
About Meta Platforms
(
Get Free Report)
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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