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In a recent financial move, Susan Li, the Chief Financial Officer of Meta Platforms, Inc. (NASDAQ:META), executed a significant sale of company stock. On February 15, Li sold 4,548 shares of Meta’s Class A Common Stock at an average price of $736.67 per share, resulting in a total transaction value of approximately $6.3 million. The transaction occurred as META trades near its 52-week high of $740.91, with the stock currently valued at $703.77. According to InvestingPro analysis, META appears to be trading close to its Fair Value. Following this transaction, Li holds 51,793 shares indirectly through the Li-Hegeman Living Trust.
This sale was part of a series of transactions involving restricted stock units (RSUs) and was not an open market sale, as the shares were withheld by the issuer to satisfy tax obligations. The transactions reflect routine financial management by Li as part of her compensation package, which includes stock-based incentives.
In other recent news, Meta Platforms has announced a 5% increase in its quarterly cash dividend for the first quarter of 2025, raising it to $0.525 per share for both Class A and Class B common stock. This decision reflects Meta’s commitment to returning value to shareholders and suggests confidence in its financial stability. Furthermore, Meta is making substantial investments in AI-powered humanoid robots, forming a new team within its Reality Labs division to develop both hardware and core AI components. This initiative highlights Meta’s focus on innovative technology, aiming to create robots capable of performing household chores.
Meanwhile, Meta has opened its Facebook Marketplace to rival classified ad services in response to a €797 million fine from the European Union for antitrust violations. This move is part of Meta’s compliance efforts with EU regulations, allowing third-party providers to list their inventory on the platform. Additionally, Arm, a company providing intellectual property to tech giants like Apple (NASDAQ:AAPL) and Nvidia (NASDAQ:NVDA), is reportedly competing against Qualcomm (NASDAQ:QCOM) to sell data center CPUs to Meta. This strategic shift marks a significant change in Arm’s business model.
These developments come amid Meta’s recent stock performance, which has been bolstered by positive earnings reports and enthusiasm for its AI initiatives. Despite a recent dip in stock value, Meta’s historic 20-day winning streak remains a noteworthy achievement among major tech stocks. Investors will be watching closely as Meta continues to navigate these various business ventures and regulatory challenges.
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