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Meta Platforms NASDAQ:META Chief Operating Officer Javier Olivan sold 517 shares of Class A Common Stock on October 13, 2025, at a price of $713.34, totaling $368796. The transaction comes as Meta, now a $1.8 trillion company, trades near its 52-week high of $796.25. According to InvestingPro analysis, the stock appears slightly overvalued despite its impressive 38% gain over the past six months.
Following the transaction, Olivan directly owns 8992 shares of Meta Platforms, Inc. 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 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 Inc. announced plans to build a new gigawatt-sized data center in El Paso, Texas, with an investment of over $1.5 billion. This facility will support the company’s artificial intelligence initiatives by providing 1 gigawatt of capacity for high-end computing chips. Additionally, Meta has expanded its strategic partnership with Arm Holdings to enhance AI efficiency across various computing layers. This multi-year agreement will integrate Arm’s power-efficient technology with Meta’s AI innovations.
In another development, Meta announced that teenage Instagram accounts will now be guided by PG-13 movie ratings by default to improve user protection for those under 18. The company plans to use age prediction technology to categorize teens appropriately, even if they claim to be adults. Furthermore, Meta is reintroducing job listings on Facebook for U.S. users, offering a dedicated tab on Facebook Marketplace for finding local employment opportunities.
On the financial front, Piper Sandler has maintained its Overweight rating and $880 price target for Meta Platforms. The firm highlighted strong checks on Meta, with a particular focus on its fourth-quarter revenue guidance, which is expected to reach approximately $59 billion at the high end.
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