D-Wave Quantum falls nearly 3% as earnings miss overshadows revenue beat
Director Peggy Alford of Meta Platforms (NASDAQ:META), the $1.92 trillion market cap tech giant, sold 518 shares of Class A Common Stock on August 1, 2025, for $760.80, totaling approximately $394094. The stock is currently trading near its 52-week high of $784.75, having delivered an impressive 61% return over the past year. The sale was executed under a Rule 10b5-1 trading plan adopted on November 27, 2024. Following the transaction, Alford directly owns 4106 shares through the Alford Family Revocable Trust. According to InvestingPro analysis, Meta maintains a GREAT financial health score, with 27 analysts recently revising their earnings estimates upward. Discover 15+ additional exclusive ProTips and comprehensive valuation metrics with InvestingPro’s detailed research report.
In other recent news, Meta Platforms Inc. has seen significant developments following its second-quarter 2025 earnings report, which showcased impressive revenue and profit growth. This performance was driven by a recovery in advertising pricing and increased user engagement, alongside the adoption of AI tools. Benchmark has raised its price target for Meta to $890, maintaining a Buy rating, while Loop Capital also increased its target to $980, citing meaningful revenue growth acceleration. Conversely, Freedom Broker downgraded Meta to Hold, despite raising its price target to $800, acknowledging the company’s exceptional quarterly performance.
In addition to financial updates, Meta is exploring partnerships with AI startups, such as Pika and Higgsfield, to enhance video creation and editing capabilities. This move reflects Meta’s ongoing efforts to expand its AI initiatives. Meanwhile, Amazon (NASDAQ:AMZN) reported second-quarter revenue surpassing consensus estimates by $5.5 billion, with positive guidance for the third quarter. Citizens JMP reiterated a Market Outperform rating for Amazon, highlighting its strong financial results. These developments underscore the dynamic landscape of major tech companies as they navigate growth and innovation.
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