Meta Platforms COO Javier Olivan Sells $243,323 worth of Shares By Investing.com

Meta Platforms, Inc. (NASDAQ:) Chief Operating Officer Javier Olivan recently sold 413 shares of the company’s Class A common stock. In the year The transaction took place on December 30, 2024, at a price of $589.16 per share, for a total value of $243,323. The sale comes as Meta, now valued at $1.51 trillion, trades near its 52-week high of $638.40, marking an impressive 73.71% return over the past year. This sale was made pursuant to a Rule 10b5-1 business plan that Olivan adopted on August 30, 2023.

Following this transaction, Olivan directly owns 17,514 shares. In addition, it holds indirect ownership interests in various entities, including Olivan D LLC, Olivan Reinhold D LLC, and the Olivan Reinhold Family Revocable Trust. These holdings account for a large portion of the remaining shares in the Meta platform.

In other recent news, the meta platform has seen significant developments. The tech giant has appointed Joel Kaplan as its global chief executive, replacing Nick Clegg. Kaplan’s responsibilities include handling key issues such as content policy and selection.

On the financial front, JMP Securities raised its price target for methane to $750, maintaining a market outperform rating. The firm cited advances in artificial intelligence (AI) and messaging as growth drivers. RBC Capital raised its price target to $700, saying it has confidence in Meta AI’s strategy. Canaccord Genuity echoed this sentiment, raising Meta’s price target to $730 from $700, recognizing the company’s growth prospects in ad creative generation and commercial messaging.

Meanwhile, Meta’s Instagram platform is predicted to generate half of the company’s ad revenue in the US by 2025. Despite facing a $264 million fine from the Irish Data Protection Commission due to a data breach, analysts at Truist Securities expressed a positive outlook on Meta’s prospects for 2025. These recent developments provide insight into the dynamic environment in which Meta operates.

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