Gold prices steady, holding sharp gains in wake of soft U.S. jobs data
Meta Platforms (NASDAQ:META) Chief Operating Officer Javier Olivan sold 517 shares of Class A Common Stock on July 21, 2025, at a price of $706.41, for a total value of $365213. The transaction comes as Meta’s stock trades near its 52-week high of $747.90, with the company maintaining a robust market capitalization of $1.79 trillion.
Following the transaction, Olivan directly owns 6302 shares of Meta Platforms Class A Common Stock. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 17, 2024.
Olivan also indirectly owns shares through several entities: Olivan D LLC (8622 shares), Olivan Reinhold D LLC (2999 shares), Reinhold D LLC (8622 shares), and the Olivan Reinhold Family Revocable Trust (90493 shares).
In other recent news, Meta Platforms has made significant moves in the artificial intelligence sector by hiring three AI researchers from Google (NASDAQ:GOOGL) DeepMind. These researchers, Tianhe Yu, Cosmo Du, and Weiyue Wang, previously worked on Google’s Gemini model, which achieved gold medal-level solutions at the International Math Olympiad. Meanwhile, several research firms have adjusted their price targets for Meta. Benchmark has raised its price target to $800, citing expectations of steady revenue performance in the upcoming second-quarter results, driven by e-commerce trends and ad pricing leverage. Bernstein increased its price target to $775, highlighting Meta’s success in AI and improved ad effectiveness. Stifel also raised its target to $845, anticipating positive second-quarter earnings and better guidance. Scotiabank (TSX:BNS) adjusted its target to $675, noting potential impacts from tariffs but expecting these to be offset by increased non-US advertising budgets and the monetization of WhatsApp.
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