Meta Platforms, Inc. $META Shares Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 6.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 737,431 shares of the social networking company’s stock after buying an additional 42,428 shares during the period. Meta Platforms comprises approximately 2.7% of Resona Asset Management Co. Ltd.’s investment portfolio, making the stock its 5th biggest position. Resona Asset Management Co. Ltd.’s holdings in Meta Platforms were worth $543,795,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in META. Evergreen Private Wealth LLC raised its position in shares of Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after purchasing an additional 38 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new position in Meta Platforms in the 1st quarter worth about $33,000. Briaud Financial Planning Inc acquired a new stake in Meta Platforms during the 2nd quarter worth about $42,000. WFA Asset Management Corp lifted its stake in Meta Platforms by 42.6% during the second quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after buying an additional 20 shares in the last quarter. Finally, Maseco LLP acquired a new position in shares of Meta Platforms in the second quarter worth about $54,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Price Performance

META opened at $609.46 on Monday. The stock has a fifty day moving average price of $713.72 and a 200 day moving average price of $706.28. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The stock has a market cap of $1.54 trillion, a price-to-earnings ratio of 26.92, a PEG ratio of 1.35 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last issued its earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, topping the consensus estimate of $6.74 by $0.51. The company had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The business’s revenue was up 26.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. Analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were paid a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s payout ratio is 9.28%.

Analyst Ratings Changes

META has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of Meta Platforms from $837.00 to $802.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Jefferies Financial Group cut their target price on shares of Meta Platforms from $950.00 to $910.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Piper Sandler reduced their target price on Meta Platforms from $880.00 to $840.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Wall Street Zen downgraded Meta Platforms from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Oppenheimer lowered Meta Platforms from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $827.60.

Insiders Place Their Bets

In other news, insider Jennifer Newstead sold 516 shares of the stock in a transaction on Monday, November 10th. The shares were sold at an average price of $631.00, for a total transaction of $325,596.00. Following the transaction, the insider owned 26,721 shares in the company, valued at $16,860,951. This represents a 1.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Javier Olivan sold 517 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $631.00, for a total transaction of $326,227.00. Following the transaction, the chief operating officer owned 6,924 shares in the company, valued at $4,369,044. This represents a 6.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 13,359 shares of company stock valued at $9,689,566 over the last ninety days. Corporate insiders own 13.61% of the company’s stock.

About Meta Platforms

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.