Meiji Yasuda Asset Management Co Ltd. Sells 3,961 Shares of Meta Platforms, Inc. $META

Key Points

• Meiji Yasuda Asset Management Co Ltd. sold 3,961 shares of Meta Platforms, reducing its stake by 4.9%, leaving it with 76,129 shares valued at approximately $43.9 million.
• Wall Street analysts have generally positive outlooks for Meta Platforms, with several firms raising their price targets, resulting in an average target price of $822.41.
• Meta Platforms recently reported impressive quarterly earnings with an EPS of $7.14, surpassing analysts' expectations of $5.75 and reflecting a 21.6% year-over-year revenue growth.

Meiji Yasuda Asset Management Co Ltd. reduced its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,129 shares of the social networking company's stock after selling 3,961 shares during the quarter. Meta Platforms comprises about 1.8% of Meiji Yasuda Asset Management Co Ltd.'s investment portfolio, making the stock its 6th largest holding. Meiji Yasuda Asset Management Co Ltd.'s holdings in Meta Platforms were worth $43,878,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of META. Lantern Wealth Advisors LLC boosted its holdings in shares of Meta Platforms by 0.5% in the fourth quarter. Lantern Wealth Advisors LLC now owns 2,976 shares of the social networking company's stock valued at $1,743,000 after acquiring an additional 14 shares in the last quarter. ABLE Financial Group LLC lifted its position in Meta Platforms by 0.7% in the fourth quarter. ABLE Financial Group LLC now owns 2,136 shares of the social networking company's stock worth $1,251,000 after purchasing an additional 15 shares during the period. Cedar Point Capital Partners LLC boosted its stake in Meta Platforms by 2.2% during the 1st quarter. Cedar Point Capital Partners LLC now owns 752 shares of the social networking company's stock valued at $433,000 after purchasing an additional 16 shares in the last quarter. Mosaic Family Wealth Partners LLC boosted its stake in Meta Platforms by 1.2% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,435 shares of the social networking company's stock valued at $840,000 after purchasing an additional 17 shares in the last quarter. Finally, Orin Green Financial LLC increased its position in shares of Meta Platforms by 2.2% during the 4th quarter. Orin Green Financial LLC now owns 795 shares of the social networking company's stock valued at $465,000 after purchasing an additional 17 shares during the period. Institutional investors own 79.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Scotiabank upped their price objective on Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. UBS Group upped their price target on shares of Meta Platforms from $812.00 to $897.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Robert W. Baird raised their price objective on shares of Meta Platforms from $635.00 to $740.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Needham & Company LLC upgraded shares of Meta Platforms from an "underperform" rating to a "hold" rating in a report on Thursday, July 3rd. Finally, Guggenheim reissued a "buy" rating and set a $800.00 target price (up from $725.00) on shares of Meta Platforms in a research note on Monday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Meta Platforms presently has an average rating of "Moderate Buy" and an average target price of $822.41.

Meta Platforms Stock Up 0.5%

META stock opened at $752.45 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market capitalization of $1.89 trillion, a P/E ratio of 27.24, a P/E/G ratio of 1.55 and a beta of 1.24. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The company's 50 day simple moving average is $738.39 and its 200-day simple moving average is $658.81.

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

Insider Activity

In related news, insider Christopher K. Cox sold 60,000 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $775.95, for a total transaction of $46,557,000.00. Following the transaction, the insider directly owned 237,205 shares of the company's stock, valued at approximately $184,059,219.75. The trade was a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Susan J. Li sold 18,332 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $764.71, for a total value of $14,018,663.72. Following the sale, the chief financial officer owned 84,141 shares of the company's stock, valued at $64,343,464.11. The trade was a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 304,358 shares of company stock worth $228,847,292. 13.61% of the stock is owned by corporate insiders.

Meta Platforms 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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