1,544,621 Shares in Meta Platforms, Inc. $META Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Meta Platforms, Inc. (NASDAQ:META) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,544,621 shares of the social networking company’s stock, valued at approximately $1,120,128,000. Meta Platforms comprises 2.0% of Mirae Asset Global Investments Co. Ltd.’s investment portfolio, making the stock its 10th largest holding. Mirae Asset Global Investments Co. Ltd. owned 0.06% of Meta Platforms at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in Meta Platforms by 4.0% during the second quarter. State Street Corp now owns 92,033,963 shares of the social networking company’s stock valued at $51,841,811,000 after acquiring an additional 3,510,123 shares during the period. Bank of America Corp DE increased its stake in shares of Meta Platforms by 14.6% in the first quarter. Bank of America Corp DE now owns 21,038,035 shares of the social networking company’s stock worth $12,036,491,000 after purchasing an additional 2,673,494 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Meta Platforms by 1.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,836,063 shares of the social networking company’s stock worth $7,230,426,000 after purchasing an additional 162,909 shares during the period. Amundi lifted its position in shares of Meta Platforms by 18.1% during the 1st quarter. Amundi now owns 11,858,972 shares of the social networking company’s stock worth $6,784,873,000 after purchasing an additional 1,815,017 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Meta Platforms by 4.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,429,812 shares of the social networking company’s stock worth $5,964,745,000 after purchasing an additional 404,948 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

META has been the topic of a number of research reports. Loop Capital boosted their target price on shares of Meta Platforms from $740.00 to $955.00 and gave the stock a “buy” rating in a research report on Thursday, September 24th. JPMorgan Chase & Co. lifted their price target on Meta Platforms from $920.00 to $940.00 and gave the company an “overweight” rating in a report on Thursday, October 22nd. UBS Group reiterated an “outperform” rating and issued a $920.00 price objective on shares of Meta Platforms in a research report on Thursday, October 22nd. Wells Fargo & Company lowered their target price on Meta Platforms from $1,000.00 to $995.00 and set an “overweight” rating for the company in a research note on Thursday, October 22nd. Finally, Wolfe Research restated an “outperform” rating and set a $700.00 target price on shares of Meta Platforms in a research report on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $833.12.

Meta Platforms Trading Up 0.8%

Shares of Meta Platforms stock traded up $5.07 on Friday, hitting $610.15. 15,673,971 shares of the company’s stock traded hands, compared to its average volume of 23,359,418. The firm’s 50-day moving average price is $674.97 and its two-hundred day moving average price is $632.16. The stock has a market capitalization of $1.56 trillion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 1.05 and a beta of 1.28. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $779.82. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.90 and a quick ratio of 1.90.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Thursday, October 22nd. The social networking company reported $7.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.54 by $0.86. Meta Platforms had a return on equity of 30.73% and a net margin of 31.15%. The business had revenue of $64.60 billion for the quarter, compared to analyst estimates of $63.34 billion. During the same period last year, the company earned $7.25 EPS. The firm’s revenue was up 26.1% on a year-over-year basis. On average, research analysts expect that Meta Platforms, Inc. will post 29.01 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 28th. Shareholders of record on Monday, September 21st were issued a dividend of $0.5250 per share. The ex-dividend date was Monday, September 21st. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is 7.16%.

Insider Activity

In related news, CAO Aaron Anderson sold 3,240 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $618.06, for a total value of $2,002,514.40. Following the sale, the chief accounting officer directly owned 6,271 shares in the company, valued at $3,875,854.26. This trade represents a 34.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark Zuckerberg sold 27,474 shares of Meta Platforms stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $777.44, for a total transaction of $21,359,386.56. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 151,090 shares of company stock valued at $103,150,807. Insiders own 13.53% of the company’s stock.

More Meta Platforms News

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Meta launched Spaces, a collaboration feature for its Muse AI agents, following the rollout of Muse Voice. The new offerings may help strengthen user engagement and expand Meta’s consumer AI ecosystem. Meta introduces Spaces
• Positive Sentiment: Recent earnings commentary points to AI supporting Meta’s advertising operations, reinforcing the potential for the company’s AI investments to generate revenue. Takeaways from recent earnings
• Neutral Sentiment: Meta paused planned updates to its terms and is keeping existing rules in place. The move avoids an immediate policy change, though the underlying issues remain unresolved. Meta pauses planned terms updates
• Neutral Sentiment: Plans for new nonvoting Class C shares have been described as effectively creating a 2-for-1 split. A split changes the number of shares, but does not by itself change the company’s underlying value; the structure preserves Mark Zuckerberg’s voting control. Is Meta Platforms next for a stock split?
• Negative Sentiment: Meta and other platforms sued to block California restrictions on social-media features for users under 16. The case adds regulatory uncertainty and potential legal costs. Platforms sue over California teen social-media law
• Negative Sentiment: Meta warned that political backlash and possible limits on data-center construction could complicate its AI expansion. Its $15 billion senior-notes offering also highlights the scale of financing required for investment. Data-center expansion concerns
• Negative Sentiment: Reported ETF net selling and insider share sales may add short-term pressure, although the disclosed insider transaction was made under a pre-arranged trading plan. ETFs are net sellers of Meta Platforms

Meta Platforms Profile

Meta Platforms, Inc is a global technology company that develops social networking, messaging, and digital communication products. Its services include Facebook, Instagram, WhatsApp, Messenger, and Threads, which connect people and help businesses reach audiences around the world.

The company also develops virtual and augmented reality products and technologies through its Reality Labs division, including Quest headsets and related software and services. Advertising is a central part of Meta’s business, with its platforms providing tools for businesses to promote products and services.

Founded in 2004 as Facebook by Mark Zuckerberg and fellow students, the company changed its name to Meta Platforms in 2021 to reflect its broader focus on building social technologies and immersive digital experiences.