Street Calls of the Week
Jennifer Newstead, Chief Legal Officer of Meta Platforms NASDAQ:META, sold 519 shares of Class A Common Stock on October 14, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $707.85, for a total value of $367374. The transaction comes as Meta, now valued at $1.79 trillion, maintains impressive gross profit margins of 82% and trades at a P/E ratio of 25.7. According to InvestingPro analysis, the stock has shown strong momentum with a 42% gain over the past six months.
Following the transaction, Newstead directly owns 28794 shares of Meta Platforms.
The sale was executed under a Rule 10b5-1 trading plan adopted on February 11, 2025.
In other recent news, Meta Platforms Inc. announced plans to build a $1.5 billion AI data center in El Paso, Texas, aimed at bolstering its artificial intelligence projects. The facility will have a gigawatt of capacity dedicated to powering high-end computing chips for AI initiatives. In a strategic move, Meta has expanded its partnership with Arm Holdings to enhance AI efficiency across various computing layers, combining Arm’s power-efficient technology with Meta’s AI innovations. This collaboration is expected to improve performance and efficiency across Meta’s global platforms.
Cantor Fitzgerald has reiterated its Overweight rating for Meta Platforms, maintaining a price target of $920.00, highlighting parallels with past concerns about Alphabet. In another development, Meta announced that Instagram accounts for teenagers will default to PG-13 content ratings, implementing age prediction technology to better protect users under 18. Gene Munster from Deepwater Asset Management shared insights on Meta’s new AI glasses, noting their affordability but also pointing out challenges in mass adoption. These recent developments indicate Meta’s ongoing efforts in AI expansion and user protection.
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