Hedge funds cut NFLX, keep big bets on MSFT, AMZN, add NVDA
Mark Zuckerberg, CEO of Meta Platforms (NASDAQ: META), sold a total of $1.93 million in Class A Common Stock on June 18, 2025. The sale comes as Meta, with its $1.75 trillion market capitalization, trades near its 52-week high of $740.91, according to InvestingPro data.
The sales were executed in two separate transactions. The shares were sold at prices ranging from $700.00 to $701.20. The first transaction involved 2,468 shares sold at a weighted average price of $700.3545, and the second transaction involved 285 shares sold at a weighted average price of $701.1111. Meta’s stock has shown remarkable strength, delivering a 40% return over the past year and maintaining a "GREAT" financial health score on InvestingPro, which offers comprehensive analysis through its Pro Research Reports.
The sales were conducted by the Chan Zuckerberg Initiative Foundation under a prearranged Rule 10b5-1 trading plan adopted on February 1, 2025. Following the transactions, the Chan Zuckerberg Initiative Foundation indirectly holds 85,619 shares of Meta Platforms Class A Common Stock.
Zuckerberg also indirectly holds Class B Common Stock through various entities including CZI Holdings, LLC, Mark Zuckerberg Trust, Chan Zuckerberg Holdings, LLC, CZI Holdings I, LLC, Chan Zuckerberg Holdings II, LLC, Chan Zuckerberg Holdings III, LLC, CZ Management, LLC, and Chan Zuckerberg Holdings IV, LLC.
In other recent news, Meta Platforms Inc (NASDAQ:META). has seen significant developments in various areas. The company recently announced the rollout of advertising on WhatsApp, which could potentially enhance its revenue streams. According to Cantor Fitzgerald, if WhatsApp reaches an ad load of 5%, this could contribute mid-single-digit growth to Meta’s earnings by fiscal year 2027. In a strategic move, Meta has also raised its stock price target from $676 to $807, maintaining an Overweight rating, reflecting confidence in the company’s growth prospects.
Meta’s competitive landscape is heating up as it attempts to recruit talent from OpenAI by offering substantial signing bonuses, reportedly up to $100 million. Despite these efforts, OpenAI CEO Sam Altman mentioned that none of their top employees have accepted the offers. Furthermore, Meta is phasing out its work with Scale AI following a multi-billion dollar investment in the company. This investment has led to Meta acquiring a 49% stake in Scale AI, with several employees, including the CEO, expected to join Meta’s new "superintelligence" division.
In an effort to enhance user experience, Meta announced that all videos on Facebook will soon be shared as reels, simplifying the process of video creation and sharing. Additionally, Meta has introduced new features on Threads, allowing users to see more content from the fediverse, a network of interconnected social media servers. These initiatives underscore Meta’s commitment to expanding its technological capabilities and improving user engagement across its platforms.
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