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Javier Olivan, Chief Operating Officer of Meta Platforms, Inc. (NASDAQ:META), recently sold 608 shares of the company’s Class A common stock. The transaction, which took place on March 24, 2025, was executed at a price of $614.97 per share, totaling approximately $373,901. The sale comes as Meta, currently valued at $1.55 trillion, maintains a "GREAT" financial health score according to InvestingPro analysis. This sale was carried out under a Rule 10b5-1 trading plan that Olivan adopted in August 2024. Following this transaction, Olivan directly owns 6,838 shares of Meta Platforms. Additionally, he holds indirect ownership in several LLCs and a family trust, with significant shareholdings in each. With analysts maintaining a strong buy consensus and a P/E ratio of 24.76, Meta appears fairly valued based on InvestingPro’s Fair Value model. Discover 12 additional exclusive ProTips and comprehensive analysis in the Pro Research Report, available with an InvestingPro subscription.
In other recent news, Meta Platforms Inc. has introduced a series of enhancements to its Threads app, aiming to provide users with a more personalized experience. The updates include new features like tagged topics, follower-only replies, and an advanced video player. Meta has also reached a significant milestone with its open-source AI model, Llama, which has been downloaded over one billion times. The company believes that open access to AI models is essential for global benefits, with industry leaders and developers among the prominent users of Llama.
Cantor Fitzgerald has reiterated its Overweight rating for Meta Platforms, setting a price target of $790.00. This suggests confidence in the stock’s potential to outperform despite risks such as a potential recession and competitive pressures in AI. In contrast, Ark Investment Management has trimmed its stake in Meta Platforms, marking its first sale of the stock in about a year. This move reflects a broader shift in momentum among major US tech stocks.
These developments come as Meta continues to invest heavily in artificial intelligence and virtual reality, areas that remain highly competitive. Investors will be closely monitoring these strategic initiatives and their potential impact on Meta’s financial performance.
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