Meta platforms COO Javier Olivan sells $296,813 in stock

Javier Olivan, Chief Operating Officer at Meta Platforms, Inc. (NASDAQ:META), recently sold shares of the company's Class A Common Stock valued at approximately $296,813. The transactions, which took place on April 7, 2025, involved the sale of 608 shares at prices ranging from $482.3 to $500 per share. Meta, currently valued at $1.49 trillion, maintains impressive gross profit margins of 82% and trades at a P/E ratio of 23.5. According to InvestingPro analysis, the stock is trading close to its Fair Value.

Following these transactions, Olivan retains direct ownership of 5,622 shares. Additionally, he holds indirect ownership through various entities, including Olivan D LLC, Olivan Reinhold D LLC, and the Olivan Reinhold Family Revocable Trust, with a total of 90,493 shares under indirect ownership. Investors tracking Meta's performance can access comprehensive analysis and 14 additional exclusive ProTips through InvestingPro, with the company's next earnings report scheduled for April 30, 2025.

The sales were executed under a Rule 10b5-1 trading plan, which Olivan adopted on August 17, 2024.

In other recent news, Meta Platforms Inc. has seen several adjustments to its stock price targets by various analysts. KeyBanc Capital Markets reduced its price target to $645 from $710, maintaining an Overweight rating, citing potential short-term earnings pressure but an optimistic long-term growth outlook due to Meta's AI investments. Baird also adjusted its price target to $625 from $750, maintaining an Outperform rating, reflecting a more conservative financial outlook amidst market challenges. Wolfe Research lowered its target to $640 from $730, predicting Meta's first-quarter revenue will align with expectations, while maintaining an Outperform rating due to longer-term growth potential. Guggenheim Securities reduced its 12-month price target to $675 from $750, keeping a Buy rating, and highlighted strong user engagement on Facebook and Instagram. These recent developments reflect a cautious but generally positive outlook on Meta's future growth, with analysts emphasizing the company's AI initiatives and advertising innovations as key factors.

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