SBI Securities Co. Ltd. Sells 2,795 Shares of Meta Platforms, Inc. $META

SBI Securities Co. Ltd. lowered its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 5.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 47,664 shares of the social networking company’s stock after selling 2,795 shares during the period. Meta Platforms makes up 0.8% of SBI Securities Co. Ltd.’s holdings, making the stock its 23rd largest holding. SBI Securities Co. Ltd.’s holdings in Meta Platforms were worth $34,565,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Corient Private Wealth LP boosted its holdings in Meta Platforms by 723.1% in the 2nd quarter. Corient Private Wealth LP now owns 8,801,764 shares of the social networking company’s stock valued at $4,957,946,000 after purchasing an additional 7,732,446 shares during the period. Jupiter Topco LLC bought a new position in shares of Meta Platforms in the second quarter worth $2,948,486,000. State Street Corp increased its holdings in shares of Meta Platforms by 4.0% in the second quarter. State Street Corp now owns 92,033,963 shares of the social networking company’s stock worth $51,841,811,000 after purchasing an additional 3,510,123 shares during the period. Bank of America Corp DE raised its position 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 buying an additional 2,673,494 shares in the last quarter. Finally, Amundi raised its position in shares of Meta Platforms by 18.1% in the first quarter. Amundi now owns 11,858,972 shares of the social networking company’s stock worth $6,784,873,000 after buying an additional 1,815,017 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on META. Citic Securities dropped their price objective on Meta Platforms from $770.00 to $718.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. BMO Capital Markets upped their target price on Meta Platforms from $580.00 to $685.00 and gave the stock a “market perform” rating in a research note on Thursday, October 22nd. Citigroup upped their target price on Meta Platforms from $895.00 to $905.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. DZ Bank reaffirmed a “buy” rating on shares of Meta Platforms in a report on Thursday, July 30th. Finally, Benchmark reiterated a “hold” rating on shares of Meta Platforms in a research report on Thursday, August 27th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $833.12.

Meta Platforms Stock Performance

NASDAQ META opened at $620.19 on Wednesday. The stock’s 50-day simple moving average is $665.70 and its two-hundred day simple moving average is $632.70. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $779.82.

Meta Platforms (NASDAQ:META) last issued its quarterly earnings results on Wednesday, October 21st. The social networking company reported $7.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.54 by $0.86. The firm had revenue of $64.60 billion for the quarter, compared to the consensus estimate of $63.34 billion. During the same period last year, the firm earned $7.25 EPS. The company’s revenue for the quarter was up 26.1% on a year-over-year basis. Research analysts predict that Meta Platforms, Inc. will post 28.98 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Monday, September 21st were issued a dividend of $0.5250 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, September 21st.

Insider Activity at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 27,474 shares of the company’s stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $777.44, for a total value of $21,359,386.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,848 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $558.00, for a total transaction of $4,379,184.00. Following the transaction, the chief technology officer owned 828 shares in the company, valued at $462,024. The trade was a 90.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 148,440 shares of company stock worth $101,456,300 in the last quarter. 13.53% of the stock is owned by company insiders.

More Meta Platforms News

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

• Positive Sentiment: Nvidia partnership validates Meta’s AI strategy: Nvidia plans to invest $3 billion in Meta and expand cooperation on Meta’s Muse AI assistant and model family. Meta is expected to deploy more Nvidia hardware, potentially strengthening Muse’s capabilities and supporting future monetization. Nvidia, Meta partner on Muse agent as Nvidia invests $3 billion
• Positive Sentiment: Core business momentum remains strong: Meta reported quarterly revenue of $64.6 billion, up 26% year over year, and exceeded earnings expectations. Advertising benefited from higher impressions and pricing, while analysts cited Meta’s massive user base and Muse’s potential in commerce, subscriptions and business tools. Analysts Turn Bullish on Meta Platforms Despite Post-Earnings Fall
• Positive Sentiment: Analysts remain constructive: Several analysts raised price targets or maintained bullish ratings, arguing that AI-enhanced advertising and successful adoption of Muse could create significant long-term revenue growth. Meta’s $825B AI Bet Is Massive, But Muse Could Make It Worth It

Meta Platforms Company Profile

Meta Platforms, Inc is a technology company that develops social networking, messaging, virtual and augmented reality, and artificial intelligence products. The company’s principal platforms include Facebook, Instagram, Messenger, WhatsApp, and Threads, which enable users to connect, communicate, share content, and discover products and services.

Meta also operates Reality Labs, its division focused on virtual, augmented, and mixed reality technologies. Reality Labs develops products such as Meta Quest virtual reality headsets and related software and experiences, along with research and hardware intended to support immersive computing.