Oracle stock falls after report reveals thin margins in AI cloud business
Mark Zuckerberg, CEO and Chairman of Meta Platforms, Inc. (NASDAQ:META), recently executed significant stock transactions, according to an SEC filing. The sales come as Meta, now valued at $1.5 trillion, has seen its shares surge 70% over the past year. On December 27, Zuckerberg sold shares through his entities, CZI Holdings, LLC and the Chan Zuckerberg Initiative Foundation, totaling approximately $1.39 million.
The sales involved Class A Common Stock and were conducted under a pre-established trading plan. The transactions were executed at prices ranging from $600.08 to $601.47 per share.
Specifically, Zuckerberg's sales through CZI Holdings, LLC amounted to $863,728, with prices ranging from $600.08 to $601.15 per share. Additionally, the Chan Zuckerberg Initiative Foundation sold shares totaling $523,347, with transaction prices ranging from $600.00 to $601.47 per share.
These transactions reflect Zuckerberg's ongoing management of his substantial holdings in Meta Platforms, Inc.
In other recent news, Meta Platforms Inc (NASDAQ:META). has seen several significant developments. RBC Capital maintained an Outperform rating on Meta and increased the stock's price target to $700, reflecting a potential for 15-20%+ earnings growth. This growth is expected as Meta continues to invest heavily in artificial intelligence (AI), a strategy RBC Capital views positively.
Canaccord Genuity also maintained a positive stance on Meta, raising the company's price target from $700 to $730, highlighting Meta's growth prospects, especially in ad creative generation and business messaging. The company's Instagram platform, according to Emarketer's estimates, is projected to constitute half of Meta's advertising revenue in the U.S. by 2025, underscoring Instagram's growing importance as a central revenue generator for Meta.
However, Meta's Irish subsidiary faced a $264 million fine imposed by the Irish data protection commission over a data breach affecting 29 million users worldwide. Analysts from Truist Securities also expressed a positive outlook on Meta's prospects for 2025, anticipating larger companies like Meta to outperform smaller firms. These are recent developments, providing insight into the dynamic environment in which Meta operates.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.