Dell falls as soft current quarter guide offsets Q2 beat, full-year outlook lift
Javier Olivan, the Chief Operating Officer of Meta Platforms, Inc. (NASDAQ:META), a tech giant with an impressive market capitalization of $1.48 trillion and stellar gross profit margins of 82%, recently sold 608 shares of the company’s Class A common stock. The transaction was executed on March 17, with shares sold at a price of $607.5 each, amounting to a total of $369,360. Following this sale, Olivan retains direct ownership of 7,446 shares. Additionally, he holds indirect ownership of shares through various entities, including Olivan D LLC, Olivan Reinhold D LLC, and the Olivan Reinhold Family Revocable Trust. According to InvestingPro analysis, META currently trades at a P/E ratio of 24, with the stock near its 52-week range of $414.50-$740.91. The sale was conducted under a Rule 10b5-1 trading plan, which Olivan adopted on August 17, 2024. For deeper insights into insider trading patterns and comprehensive analysis of META’s financial health (currently rated as GREAT by InvestingPro), investors can access the detailed Pro Research Report, available among 1,400+ top US stocks covered by InvestingPro’s expert analysis.
In other recent news, Meta Platforms has reached a significant milestone with its open-source AI model, Llama, achieving over one billion downloads. This development underscores the widespread adoption of Llama by industry leaders and individual developers alike. Additionally, Meta Platforms has entered a new power purchase agreement with RWE (LON:0HA0) for the 200 MW Waterloo Solar project in Texas, marking their third collaboration in recent months. This agreement aligns with Meta’s sustainability goals, as noted by analysts from Barclays (LON:BARC), who expect positive investor attention due to the scale of the project.
Furthermore, Meta Platforms is set to begin testing its Community Notes feature across Facebook, Instagram, and Threads in the United States. This new initiative is intended to provide context to posts through community contributions, replacing the existing third-party fact-checking program. In another development, Ark Investment Management has trimmed its stake in Meta Platforms for the first time in about a year, signaling a potential shift in the investment landscape for major US tech stocks.
Lastly, Meta’s CEO Mark Zuckerberg recently met with officials from the Trump administration, continuing discussions on American technology leadership. These developments highlight the company’s ongoing efforts to innovate and adapt in various sectors, from AI technology to renewable energy and community engagement.
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