Hedge funds cut NFLX, keep big bets on MSFT, AMZN, add NVDA
Mark Zuckerberg, CEO of Meta Platforms (NASDAQ: META), sold 11,232 shares of Class A Common Stock on June 17, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales, executed by the Chan Zuckerberg Initiative Foundation, were conducted at prices ranging from $700.4747 to $705.5922, resulting in a total transaction value of $5,836,097. The transaction occurs as Meta, now valued at $1.75 trillion, trades near its 52-week high of $740.91, with the stock delivering a 40% return over the past year.
The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 1, 2025. Following the transactions, the Chan Zuckerberg Initiative Foundation indirectly holds 88,372 shares of Meta Platforms’ Class A Common Stock. Zuckerberg retains indirect ownership of millions of shares of Class B Common Stock through various entities. According to InvestingPro analysis, Meta demonstrates strong financial health with impressive gross profit margins of 82% and trades at a P/E ratio of 26.5. For deeper insights into Meta’s valuation and 13 additional exclusive ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Meta Platforms Inc (NASDAQ:META). has seen a series of significant developments. Cantor Fitzgerald raised its price target for Meta to $807 from $676, maintaining an Overweight rating. This adjustment follows Meta’s announcement of new advertising formats in WhatsApp, which has over 3 billion monthly users. Cantor Fitzgerald projects that these changes could contribute to Meta’s earnings growth by 2027. Additionally, Meta’s $14.3 billion investment in Scale AI has led to the phasing out of OpenAI’s relationship with the data-labeling company. Meta’s investment includes hiring Scale’s founder to lead a new AI division. In other updates, Meta announced that all Facebook videos will soon be shared as reels, aiming to streamline user experience. Furthermore, Meta has introduced new features on Threads to enhance user access to fediverse content, allowing for a broader range of perspectives. These developments underscore Meta’s ongoing efforts to expand its technological and advertising capabilities.
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