C WorldWide Group Holding A S Buys 4,834 Shares of Meta Platforms, Inc. $META

C WorldWide Group Holding A S lifted its stake in Meta Platforms, Inc. (NASDAQ:META) by 14.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,344 shares of the social networking company’s stock after buying an additional 4,834 shares during the period. Meta Platforms makes up approximately 0.4% of C WorldWide Group Holding A S’s investment portfolio, making the stock its 29th biggest position. C WorldWide Group Holding A S’s holdings in Meta Platforms were worth $25,310,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Colonial River Investments LLC lifted its stake in Meta Platforms by 25.1% during the fourth quarter. Colonial River Investments LLC now owns 10,186 shares of the social networking company’s stock worth $6,723,000 after purchasing an additional 2,044 shares during the last quarter. Asahi Life Asset Management CO. LTD. lifted its stake in Meta Platforms by 12.3% during the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 4,570 shares of the social networking company’s stock worth $3,017,000 after purchasing an additional 499 shares during the last quarter. ABN AMRO Bank N.V. lifted its stake in Meta Platforms by 27.2% during the fourth quarter. ABN AMRO Bank N.V. now owns 95,106 shares of the social networking company’s stock worth $62,924,000 after purchasing an additional 20,354 shares during the last quarter. Strait & Sound Wealth Management LLC lifted its stake in Meta Platforms by 4.3% during the fourth quarter. Strait & Sound Wealth Management LLC now owns 6,077 shares of the social networking company’s stock worth $4,011,000 after purchasing an additional 248 shares during the last quarter. Finally, Pure Financial Advisors LLC lifted its stake in Meta Platforms by 50.6% during the fourth quarter. Pure Financial Advisors LLC now owns 9,007 shares of the social networking company’s stock worth $5,945,000 after purchasing an additional 3,027 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on META. Raymond James Financial cut their target price on Meta Platforms from $825.00 to $800.00 and set a “strong-buy” rating for the company in a research note on Monday, January 26th. BMO Capital Markets upped their target price on Meta Platforms from $710.00 to $730.00 and gave the stock a “market perform” rating in a research note on Thursday, January 29th. Cantor Fitzgerald cut their target price on Meta Platforms from $850.00 to $750.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Robert W. Baird upped their target price on Meta Platforms from $815.00 to $830.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Meta Platforms from $880.00 to $920.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $840.31.

Insider Activity at Meta Platforms

In related news, CFO Susan J. Li sold 9,195 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $607.84, for a total value of $5,589,088.80. Following the completion of the sale, the chief financial officer directly owned 13,186 shares in the company, valued at $8,014,978.24. This represents a 41.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Javier Olivan sold 837 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $609.35, for a total value of $510,025.95. Following the completion of the sale, the chief operating officer owned 14,660 shares of the company’s stock, valued at $8,933,071. The trade was a 5.40% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 171,517 shares of company stock worth $109,138,067 over the last three months. Company insiders own 13.53% of the company’s stock.

More Meta Platforms News

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

• Negative Sentiment: Meta began laying off about 8,000 employees, or roughly 10% of its workforce, as part of a broader AI-first transformation. The move highlights rising restructuring costs and suggests more cuts could follow later this year. Meta Begins Laying Off 8,000 Employees Amid A.I. Transformation
• Negative Sentiment: Reports that Meta is cutting jobs while ramping up AI investment have kept attention on margin pressure and the scale of the company’s AI spending bill, which some investors view as a near-term drag on earnings. Meta Moves 7,000 Workers Into AI Roles Ahead of Job Cuts
• Neutral Sentiment: Meta offered rival AI chatbot makers limited free access to WhatsApp in Europe before charging once usage limits are reached. The move could support platform engagement and developer adoption, but the financial impact is still unclear. Exclusive: Meta offers AI rival chatbots limited free WhatsApp access, sources say
• Neutral Sentiment: Meta also drew attention for new AI-related product and safety initiatives, including an incognito chat feature for WhatsApp’s AI assistant and new parental supervision tools, but these are not likely to move the stock in the near term. Meta Platforms (META) Launching Incognito Chat for WhatsApp AI Assistant

Meta Platforms Stock Down 1.4%

Shares of NASDAQ:META opened at $602.61 on Wednesday. The company has a fifty day moving average of $620.35 and a 200-day moving average of $637.91. The company has a market capitalization of $1.52 trillion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 1.07 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $796.25.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, beating analysts’ consensus estimates of $6.67 by $3.77. The business had revenue of $56.31 billion during the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.Meta Platforms’s quarterly revenue was up 33.1% on a year-over-year basis. During the same period in the prior year, the business posted $6.43 earnings per share. On average, equities analysts predict that Meta Platforms, Inc. will post 29.65 EPS for the current fiscal year.

Meta Platforms Profile

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.