Meta Platforms, Inc. $META Shares Bought by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,879 shares of the social networking company’s stock after acquiring an additional 1,062 shares during the quarter. Meta Platforms makes up approximately 2.8% of Sumitomo Life Insurance Co.’s portfolio, making the stock its 8th biggest position. Sumitomo Life Insurance Co.’s holdings in Meta Platforms were worth $41,982,000 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 META. Brighton Jones LLC boosted its position in Meta Platforms by 1.7% during the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after buying an additional 570 shares during the period. Revolve Wealth Partners LLC increased its position in Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock valued at $5,537,000 after acquiring an additional 875 shares during the period. 1776 Wealth LLC raised its stake in shares of Meta Platforms by 137.2% during the first quarter. 1776 Wealth LLC now owns 1,167 shares of the social networking company’s stock valued at $673,000 after acquiring an additional 675 shares during the last quarter. Smart Money Group LLC lifted its holdings in shares of Meta Platforms by 20.4% during the first quarter. Smart Money Group LLC now owns 2,052 shares of the social networking company’s stock worth $1,182,000 after purchasing an additional 348 shares during the period. Finally, Spear Holdings RSC Ltd bought a new stake in shares of Meta Platforms in the first quarter worth $37,463,000. Institutional investors own 79.91% of the company’s stock.

Insider Activity at Meta Platforms

In other news, Director Robert M. Kimmitt sold 465 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total transaction of $333,391.05. Following the transaction, the director directly owned 7,947 shares of the company’s stock, valued at $5,697,760.59. This represents a 5.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Javier Olivan sold 517 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $631.00, for a total value of $326,227.00. Following the completion of the transaction, the chief operating officer owned 6,924 shares in the company, valued at approximately $4,369,044. This represents a 6.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 59,430 shares of company stock valued at $45,313,988 in the last three months. Corporate insiders own 13.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on META. Oppenheimer lowered Meta Platforms from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. lowered their price objective on Meta Platforms from $875.00 to $800.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Scotiabank upped their target price on Meta Platforms from $675.00 to $685.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. JMP Securities increased their target price on shares of Meta Platforms from $750.00 to $900.00 and gave the company a “market outperform” rating in a research report on Thursday, July 31st. Finally, Jefferies Financial Group dropped their price target on shares of Meta Platforms from $950.00 to $910.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $827.60.

Meta Platforms Stock Performance

NASDAQ:META opened at $609.01 on Thursday. The company has a fifty day moving average of $719.36 and a 200-day moving average of $704.38. The firm has a market capitalization of $1.54 trillion, a P/E ratio of 26.90, a P/E/G ratio of 1.39 and a beta of 1.20. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25.

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

Meta Platforms Announces Dividend

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

Meta Platforms Company Profile

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.