BofA update shows where active managers are putting money
Meta Platforms (NASDAQ:META) Chief Operating Officer Javier Olivan sold 517 shares of Class A Common Stock on August 4, 2025, at a price of $760.26, for a total value of $393054. The sale comes as Meta’s stock trades near its 52-week high of $784.75, with the company’s market capitalization reaching $1.94 trillion amid a strong 32% gain year-to-date.
Following the transaction, Olivan directly owns 5268 shares of Meta Platforms Class A Common Stock.
Olivan also indirectly owns 8622 shares through Olivan D LLC, 2999 shares through Olivan Reinhold D LLC, 8622 shares through Reinhold D LLC, and 90493 shares through the Olivan Reinhold Family Revocable Trust u/a/d 10/16/12.
The sale was executed under a Rule 10b5-1 trading plan adopted on August 17, 2024.
In other recent news, Meta Platforms has announced several new Instagram features aimed at enhancing user connectivity through content sharing and location functionalities. Among these updates is a repost function that allows users to share public reels and feed posts, crediting the original creator and potentially expanding their audience reach. Meanwhile, Loop Capital has raised its price target for Meta to $980, maintaining a Buy rating due to the company’s notable revenue growth acceleration and a strong outlook. In contrast, Freedom Broker has downgraded Meta from Buy to Hold, despite increasing its price target to $800, citing Meta’s exceptional second-quarter 2025 performance with impressive revenue and profit growth driven by a recovery in advertising pricing and increased user engagement.
Additionally, Meta is reportedly exploring partnerships with AI startups Pika and Higgsfield, focusing on video creation and editing technologies. Discussions with Pika include potential acquisition or licensing agreements for its technology that generates realistic videos. These developments reflect Meta’s ongoing efforts to expand its AI capabilities and partnerships.
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