US stock futures dip as Nvidia earnings spark little cheer
Javier Olivan, the Chief Operating Officer of Meta Platforms, Inc. (NASDAQ:META), has recently sold a portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Olivan sold 608 shares of Meta’s Class A Common Stock on April 14, 2025. The shares were sold at a price of $556.45 each, totaling approximately $338,321. The sale comes as Meta’s stock has experienced a 14% decline over the past week, with the current trading price at $502.32. InvestingPro data shows Meta maintains strong fundamentals with an impressive 81.7% gross profit margin and a healthy current ratio of 2.98.
Following this transaction, Olivan directly owns 5,014 shares. In addition to his direct holdings, he maintains indirect ownership through various entities, including Olivan D LLC and Olivan Reinhold Family Revocable Trust, among others. These indirect holdings total several thousand shares, reflecting his continued significant interest in the company.
This sale was conducted as part of a pre-established trading plan under Rule 10b5-1, which was adopted by Olivan in August 2024. Such plans allow insiders to set up a schedule for selling stocks to avoid any potential accusations of insider trading.
In other recent news, Meta Platforms Inc. reported several significant developments. Cantor Fitzgerald revised its price target for Meta, reducing it from $790 to $624 while maintaining an Overweight rating. This adjustment comes amid expectations that Meta’s first-quarter 2025 earnings will align with the higher end of its guidance, although second-quarter guidance might not meet consensus estimates due to tariff exposure. Meanwhile, Mizuho (NYSE:MFG) highlighted reduced advertising spending by Chinese companies as a factor affecting Meta’s performance, alongside competitive pressures from firms like OpenAI. Additionally, the FTC Chair labeled Meta as a ’monopoly’ during a discussion about increased deal activity in the tech sector. BofA Securities maintained a Buy rating with a $640 price target, noting ongoing legal proceedings that could impact Meta’s future. Despite these challenges, Meta remains part of the ’Magnificent Seven’ stocks, which are experiencing an upward trend in premarket trading amid potential tariff pauses. Investors continue to watch these developments closely, as they could significantly influence Meta’s operations and market standing.
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