C WorldWide Group Holding A S Has $25.31 Million Stock Position in Meta Platforms, Inc. $META

Key Points

• C WorldWide Group Holding A S increased its Meta Platforms stake by 14.4% in the fourth quarter, bringing its holdings to 38,344 shares valued at about $25.31 million.
• Meta shares were down 1.4% to $602.61, while the company’s latest quarterly results beat expectations with EPS of $10.44 and revenue of $56.31 billion, up 33.1% year over year.
• Wall Street remains mostly positive on Meta, with a Moderate Buy consensus rating and an average price target of $840.31, even though some firms have trimmed their targets recently.

C WorldWide Group Holding A S lifted its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 38,344 shares of the social networking company's stock after acquiring an additional 4,834 shares during the quarter. Meta Platforms makes up approximately 0.4% of C WorldWide Group Holding A S's investment portfolio, making the stock its 29th largest position. C WorldWide Group Holding A S's holdings in Meta Platforms were worth $25,310,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC increased its position in Meta Platforms by 34.2% during the third quarter. Ashton Thomas Private Wealth LLC now owns 52,252 shares of the social networking company's stock worth $38,373,000 after buying an additional 13,311 shares during the last quarter. Keybank National Association OH increased its position in Meta Platforms by 15.7% during the fourth quarter. Keybank National Association OH now owns 133,798 shares of the social networking company's stock worth $88,319,000 after buying an additional 18,169 shares during the last quarter. Becker Capital Management Inc. increased its position in Meta Platforms by 5.0% during the third quarter. Becker Capital Management Inc. now owns 35,052 shares of the social networking company's stock worth $25,741,000 after buying an additional 1,657 shares during the last quarter. Diversified Trust Co. increased its position in Meta Platforms by 4.1% during the fourth quarter. Diversified Trust Co. now owns 84,059 shares of the social networking company's stock worth $55,487,000 after buying an additional 3,336 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC increased its position in Meta Platforms by 16.2% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 6,933 shares of the social networking company's stock worth $5,091,000 after buying an additional 968 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Meta Platforms Trading Down 1.4%

Shares of NASDAQ:META opened at $602.61 on Wednesday. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $796.25. The stock has a market cap of $1.52 trillion, a PE ratio of 21.91, a P/E/G ratio of 1.07 and a beta of 1.25. The business has a 50 day moving average of $620.35 and a 200-day moving average of $637.91. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The company had revenue of $56.31 billion during the quarter, compared to analysts' expectations of $55.56 billion. During the same quarter in the previous year, the company posted $6.43 earnings per share. The business's revenue was up 33.1% on a year-over-year basis. As a group, equities research analysts forecast that Meta Platforms, Inc. will post 29.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on META. Bank of America lowered their price target on Meta Platforms from $885.00 to $820.00 and set a "buy" rating on the stock in a research report on Monday, April 20th. Piper Sandler reissued an "overweight" rating and set a $800.00 price target (down from $880.00) on shares of Meta Platforms in a research report on Thursday, April 30th. Weiss Ratings reissued a "buy (b)" rating on shares of Meta Platforms in a research report on Friday, March 27th. Monness Crespi & Hardt boosted their price target on Meta Platforms from $808.00 to $890.00 and gave the stock a "buy" rating in a research report on Thursday, January 29th. Finally, Citigroup reissued an "outperform" rating on shares of Meta Platforms in a research report on Thursday, January 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $840.31.

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

Insider Activity at Meta Platforms

In related news, CFO Susan J. Li sold 9,195 shares of the business's stock in a transaction that occurred 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 approximately $8,014,978.24. The trade was a 41.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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, CTO Andrew Bosworth sold 7,847 shares of the business's stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $607.83, for a total value of $4,769,642.01. Following the completion of the sale, the chief technology officer owned 414 shares of the company's stock, valued at approximately $251,641.62. This trade represents a 94.99% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 171,517 shares of company stock worth $109,138,067. Company insiders own 13.53% of the company's stock.

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.

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