Mirae Asset Global Investments Co. Ltd. acquired a new stake in Meta Platforms, Inc. (NASDAQ:META – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,544,621 shares of the social networking company’s stock, valued at approximately $1,120,128,000. Meta Platforms makes up approximately 2.0% of Mirae Asset Global Investments Co. Ltd.’s portfolio, making the stock its 10th largest holding.
A number of other hedge funds and other institutional investors have also modified their holdings of META. Fairtree Asset Management Pty Ltd grew its position in Meta Platforms by 18.6% during the second quarter. Fairtree Asset Management Pty Ltd now owns 18,777 shares of the social networking company’s stock worth $10,577,000 after buying an additional 2,939 shares in the last quarter. Madison Wealth Partners Inc lifted its position in shares of Meta Platforms by 33.6% during the 2nd quarter. Madison Wealth Partners Inc now owns 3,031 shares of the social networking company’s stock valued at $1,707,000 after acquiring an additional 763 shares during the period. William John Sempolinski bought a new stake in shares of Meta Platforms during the 2nd quarter valued at $3,107,000. Sone Capital Management LLC grew its holdings in shares of Meta Platforms by 38.2% during the 2nd quarter. Sone Capital Management LLC now owns 16,059 shares of the social networking company’s stock worth $9,046,000 after purchasing an additional 4,440 shares in the last quarter. Finally, Lakewood Capital Management LP grew its holdings in shares of Meta Platforms by 63.7% during the 2nd quarter. Lakewood Capital Management LP now owns 115,985 shares of the social networking company’s stock worth $65,333,000 after purchasing an additional 45,130 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.
Key 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 Price Performance
NASDAQ:META traded up $5.07 on Friday, hitting $610.15. The company had a trading volume of 15,673,971 shares, compared to its average volume of 23,359,418. Meta Platforms, Inc. has a 52 week low of $520.26 and a 52 week high of $779.82. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $1.56 trillion, a price-to-earnings ratio of 20.80, a PEG ratio of 1.05 and a beta of 1.28. The firm has a 50 day moving average of $674.97 and a two-hundred day moving average of $632.16.
Meta Platforms (NASDAQ:META – Get Free Report) last announced 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 net margin of 31.15% and a return on equity of 30.73%. The company had revenue of $64.60 billion during the quarter, compared to the consensus estimate of $63.34 billion. During the same period in the prior year, the business earned $7.25 earnings per share. The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. On average, research analysts anticipate that Meta Platforms, Inc. will post 29.01 earnings per share for the current year.
Meta Platforms Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Monday, September 21st were issued a $0.5250 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, September 21st. Meta Platforms’s dividend payout ratio (DPR) is 7.16%.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on META shares. Guggenheim reaffirmed a “buy” rating and issued a $850.00 price target on shares of Meta Platforms in a research note on Thursday, October 22nd. UBS Group reaffirmed an “outperform” rating and set a $920.00 price target on shares of Meta Platforms in a report on Thursday, October 22nd. Needham & Company LLC reiterated a “hold” rating on shares of Meta Platforms in a research report on Thursday, August 27th. Bank of America lifted their price objective on shares of Meta Platforms from $810.00 to $845.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. Finally, Phillip Securities upgraded shares of Meta Platforms from a “buy” rating to a “strong-buy” rating and lowered their price objective for the company from $795.00 to $750.00 in a research report on Monday, August 3rd. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Meta Platforms currently has an average rating of “Moderate Buy” and an average target price of $833.12.
Check Out Our Latest Report on Meta Platforms
Insider Activity at Meta Platforms
In related news, CFO Susan J. Li sold 9,196 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $550.61, for a total transaction of $5,063,409.56. Following the completion of the transaction, the chief financial officer directly owned 13,186 shares of the company’s stock, valued at $7,260,343.46. This trade represents a 41.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Aaron Anderson sold 3,240 shares of Meta Platforms stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $618.06, for a total value of $2,002,514.40. Following the transaction, the chief accounting officer directly owned 6,271 shares in the company, valued at $3,875,854.26. The trade was a 34.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 151,090 shares of company stock valued at $103,150,807 in the last quarter. Insiders own 13.53% of the company’s stock.
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.
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