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Jennifer Newstead, Chief Legal Officer at Meta Platforms (NASDAQ:META), sold 519 shares of Class A Common Stock on July 22, 2025, at a price of $716.1, for a total value of $371655. The transaction comes as Meta, now valued at $1.8 trillion, trades near its 52-week high of $747.90. According to InvestingPro analysis, the stock appears slightly overvalued, despite delivering an impressive 58% return over the past year.
The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 11, 2025. Following the transaction, Newstead directly owns 26069 shares of Meta Platforms. InvestingPro analysis shows Meta maintains strong fundamentals, with 15+ additional insights available to subscribers. The company is scheduled to report its next earnings on July 30, 2025.
In other recent news, Meta Platforms has been actively recruiting talent in the artificial intelligence sector, hiring three AI researchers from Google (NASDAQ:GOOGL) DeepMind. These researchers, Tianhe Yu, Cosmo Du, and Weiyue Wang, previously worked on Google’s Gemini model, which achieved notable success in the International Math Olympiad. Additionally, Meta’s upcoming earnings report has prompted several analyst firms to adjust their stock price targets. Benchmark raised its price target to $800, citing stable revenue expectations and positive e-commerce trends. Bernstein also increased its target to $775, highlighting Meta’s strong position in AI and improved ad effectiveness. Stifel adjusted its target to $845, anticipating favorable second-quarter results and guidance. Meanwhile, Scotiabank (TSX:BNS) set its target at $675, expecting continued tariff impacts but forecasting potential revenue contributions from WhatsApp monetization in the future. These developments reflect a period of strategic growth and optimism surrounding Meta’s financial performance.
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