Lansforsakringar Fondforvaltning AB publ Trims Stock Position in Meta Platforms, Inc. $META

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its stake in Meta Platforms, Inc. by 2.5%, selling 17,874 shares, leaving it with approximately $401 million in value.
• Institutional investors own 79.91% of Meta’s stock, with several notable increases in positions, including GAMMA Investing, which grew its stake by 67,172.9%.
• The stock has a current average price target of $822.41 from analysts, with three rating it as a Strong Buy and a consensus expecting a 26.7 earnings per share for this fiscal year.

Lansforsakringar Fondforvaltning AB publ lessened its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 2.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 695,974 shares of the social networking company's stock after selling 17,874 shares during the period. Meta Platforms comprises about 2.5% of Lansforsakringar Fondforvaltning AB publ's portfolio, making the stock its 5th biggest position. Lansforsakringar Fondforvaltning AB publ's holdings in Meta Platforms were worth $401,132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC grew its position in shares of Meta Platforms by 67,172.9% in the 1st quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock valued at $13,517,178,000 after buying an additional 23,417,803 shares during the last quarter. Invesco Ltd. boosted its position in shares of Meta Platforms by 2.3% during the 1st quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company's stock valued at $10,184,163,000 after purchasing an additional 400,927 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Meta Platforms by 8.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company's stock valued at $8,977,361,000 after purchasing an additional 1,255,546 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Meta Platforms by 2.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,007,308 shares of the social networking company's stock valued at $7,030,399,000 after purchasing an additional 280,357 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Meta Platforms by 2.5% during the 1st quarter. Wellington Management Group LLP now owns 10,041,171 shares of the social networking company's stock valued at $5,787,329,000 after purchasing an additional 247,850 shares in the last quarter. Institutional investors own 79.91% of the company's stock.

Insider Activity at Meta Platforms

In related news, CFO Susan J. Li sold 18,332 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the completion of the sale, the chief financial officer directly owned 84,141 shares of the company's stock, valued at approximately $64,343,464.11. This trade represents a 17.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $402,225.00. Following the sale, the insider directly owned 32,946 shares of the company's stock, valued at $25,533,150. The trade was a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 313,284 shares of company stock valued at $235,008,531 in the last ninety days. Insiders own 13.61% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on META. Sanford C. Bernstein upped their target price on Meta Platforms from $775.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Barclays upped their price target on Meta Platforms from $640.00 to $810.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Canaccord Genuity Group upped their price target on Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Loop Capital reaffirmed a "buy" rating and set a $980.00 price target (up from $888.00) on shares of Meta Platforms in a research note on Tuesday, August 5th. Finally, DA Davidson upped their price target on Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued 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 target price of $822.41.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $747.38 on Thursday. The company has a market cap of $1.88 trillion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 1.56 and a beta of 1.27. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The business has a 50 day moving average price of $733.50 and a 200-day moving average price of $658.54. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. The company had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.Meta Platforms's revenue was up 21.6% on a year-over-year basis. During the same period last year, the business posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

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.

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