Michigan survey ahead; Applied Digital surges; gold dips - what’s moving markets
Jennifer Newstead, Chief Legal Officer of Meta Platforms (NASDAQ: META), sold 519 shares of Class A Common Stock on October 7, 2025, at a price of $716.98, for a total value of $372,112. The stock, currently trading at $733.51, has shown strong momentum with a 25% gain over the past six months. Meta, now valued at $1.84 trillion, maintains impressive gross profit margins of 82% and trades at a P/E ratio of 26.5.
The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 11, 2025. Following the transaction, Newstead directly owns 29,313 shares of Meta Platforms. According to InvestingPro, Meta maintains a "GREAT" financial health score, with 12+ exclusive ProTips available for deeper insider trading analysis and company valuation.
In other recent news, Meta Platforms is making strides in enhancing its services and expanding its reach. The company is exploring the development of a dedicated TV app for Instagram to bolster its video presence, potentially positioning itself as a competitor to YouTube in the television viewing space. Instagram chief Adam Mosseri discussed this initiative at a conference in Los Angeles, emphasizing the need to adapt to changing consumption behaviors, though no official announcements have been made yet. Additionally, Meta is rolling out significant upgrades to Facebook Reels, improving content recommendations and adding new social features to enhance user engagement. The upgraded system now surfaces 50% more reels from creators published on the same day, ensuring users access to newer content more quickly.
Meta has also introduced communities on Threads, allowing users to engage in public discussions about shared interests, such as basketball and TV shows. This new feature is being tested across more than 100 popular topics, enhancing user connectivity through custom feeds and topic tags. On the financial front, TD Cowen has maintained its Buy rating for Meta Platforms with a price target of $875, anticipating strong advertising growth through the third quarter of 2025. These developments reflect Meta’s ongoing efforts to innovate and expand its offerings in the social media landscape.
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