E Fund Management Hong Kong Co. Ltd. Grows Stock Holdings in Meta Platforms, Inc. $META

Key Points

• E Fund Management Hong Kong increased its Meta Platforms stake by 71.6% in the fourth quarter, buying 2,746 more shares and bringing its total to 6,579 shares worth about $4.65 million.
• Meta remains a heavily owned institutional stock, with hedge funds and other investors holding 79.91% of the company. Several large firms, including Vanguard and State Street, also added to their positions.
• Meta reported strong quarterly results, posting $10.44 EPS versus $6.67 expected and revenue of $56.31 billion, up 33.1% year over year, while analysts still largely rate the stock a Moderate Buy with an average price target of $840.19.

E Fund Management Hong Kong Co. Ltd. boosted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 71.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,579 shares of the social networking company's stock after buying an additional 2,746 shares during the period. Meta Platforms makes up 2.0% of E Fund Management Hong Kong Co. Ltd.'s investment portfolio, making the stock its 13th biggest holding. E Fund Management Hong Kong Co. Ltd.'s holdings in Meta Platforms were worth $4,647,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in META. Vanguard Group Inc. grew its position in shares of Meta Platforms by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock valued at $132,015,115,000 after purchasing an additional 7,269,279 shares in the last quarter. State Street Corp grew its position in shares of Meta Platforms by 1.9% during the 2nd quarter. State Street Corp now owns 86,925,674 shares of the social networking company's stock valued at $64,158,971,000 after purchasing an additional 1,650,435 shares in the last quarter. Danske Bank A S purchased a new position in shares of Meta Platforms during the 3rd quarter valued at $1,191,175,000. PFA Pension Forsikringsaktieselskab purchased a new position in shares of Meta Platforms during the 4th quarter valued at $813,994,000. Finally, Concentrum Wealth Management grew its position in shares of Meta Platforms by 948.7% during the 3rd quarter. Concentrum Wealth Management now owns 1,243,577 shares of the social networking company's stock valued at $913,000 after purchasing an additional 1,124,998 shares in the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Meta Platforms Stock Performance

NASDAQ META opened at $610.26 on Friday. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $796.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. The company has a market capitalization of $1.54 trillion, a P/E ratio of 22.18, a P/E/G ratio of 1.08 and a beta of 1.25. The company has a fifty day moving average of $617.68 and a 200-day moving average of $637.00.

Meta Platforms (NASDAQ:META - Get Free Report) last posted 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 net margin of 32.84% and a return on equity of 36.93%. The company had revenue of $56.31 billion during the quarter, compared to the consensus estimate of $55.56 billion. During the same period in the previous year, the firm posted $6.43 EPS. The firm's revenue was up 33.1% compared to the same quarter last year. As a group, equities research analysts predict that Meta Platforms, Inc. will post 29.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on META. Argus restated a "buy" rating and set a $800.00 price target on shares of Meta Platforms in a research report on Monday, February 2nd. Rosenblatt Securities restated a "buy" rating and set a $1,015.00 price target on shares of Meta Platforms in a research report on Thursday, April 30th. Wall Street Zen lowered shares of Meta Platforms from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. UBS Group reduced their price target on shares of Meta Platforms from $908.00 to $865.00 and set a "buy" rating for the company in a research report on Thursday, April 30th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Meta Platforms in a research report on Friday, March 27th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $840.19.

Key Meta Platforms News

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

• Positive Sentiment: Meta launched a standalone “Forum” app for Facebook Groups, signaling a new product push that could deepen user engagement and add pressure to competitors like Reddit. Meta quietly launches a new Reddit-like app called Forum
• Positive Sentiment: Meta is cutting jobs and shifting resources toward AI, which investors may view as an efficiency move that supports long-term profit margins and keeps the company focused on its biggest growth area. Meta Cuts 8,000 Jobs, Boosts AI Team: What This Means for Employees
• Neutral Sentiment: Meta also settled a school-district lawsuit over alleged social media addiction harms, removing one legal overhang, though the broader regulatory and litigation risk around its platforms remains. Texas sues Meta, WhatsApp over encryption privacy claims
• Neutral Sentiment: Other headlines around Meta’s dual-class control structure, insider share sales, and broader AI spending debate are adding to the narrative, but they are less likely to drive the stock on their own than the new app launch and workforce reshaping.
• Negative Sentiment: The Texas attorney general’s lawsuit against Meta and WhatsApp over encryption and privacy claims adds another legal risk for investors to monitor. Google, Meta, TikTok face EU consumer complaints about handling of financial scams
• Negative Sentiment: Competition concerns are also in focus after Meta’s Forum app appeared to pressure Reddit shares, reinforcing worries that Meta’s scale lets it copy or crowd out rival social platforms.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 7,847 shares of the business's stock in a transaction 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 directly owned 414 shares of the company's stock, valued at $251,641.62. The trade was a 94.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 business's stock in a transaction on Monday, May 18th. The stock was sold at an average price of $609.35, for a total transaction of $510,025.95. Following the completion of the sale, the chief operating officer directly owned 14,660 shares of the company's stock, valued at $8,933,071. This represents 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. In the last ninety days, insiders sold 152,728 shares of company stock valued at $96,925,217. 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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