Meiji Yasuda Life Insurance Co Sells 6,366 Shares of Meta Platforms, Inc. $META

Key Points

• Meiji Yasuda Life Insurance Co reduced its stake in Meta Platforms by 9.1%, selling 6,366 shares to hold 63,591 shares, valued at approximately $36.65 million.
• Several hedge funds notably increased their positions in Meta, with Coppell Advisory Solutions growing its stake by 215.8% in the first quarter.
• Wall Street analysts have diverse ratings for Meta Platforms, with a consensus rating of "Moderate Buy" and a price target averaging $822.41.

Meiji Yasuda Life Insurance Co reduced its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 9.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,591 shares of the social networking company's stock after selling 6,366 shares during the period. Meta Platforms accounts for about 0.7% of Meiji Yasuda Life Insurance Co's investment portfolio, making the stock its 11th biggest position. Meiji Yasuda Life Insurance Co's holdings in Meta Platforms were worth $36,651,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Coppell Advisory Solutions LLC grew its stake in Meta Platforms by 215.8% in the first quarter. Coppell Advisory Solutions LLC now owns 2,975 shares of the social networking company's stock worth $1,715,000 after purchasing an additional 2,033 shares in the last quarter. Arete Wealth Advisors LLC boosted its position in shares of Meta Platforms by 18.0% in the 1st quarter. Arete Wealth Advisors LLC now owns 19,721 shares of the social networking company's stock worth $11,370,000 after purchasing an additional 3,003 shares in the last quarter. Strait & Sound Wealth Management LLC boosted its position in shares of Meta Platforms by 28.6% in the 1st quarter. Strait & Sound Wealth Management LLC now owns 5,795 shares of the social networking company's stock worth $3,340,000 after purchasing an additional 1,289 shares in the last quarter. Caxton Associates LLP purchased a new position in Meta Platforms in the 1st quarter worth $19,184,000. Finally, Everstar Asset Management LLC purchased a new position in Meta Platforms in the 1st quarter worth $34,270,000. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

META has been the subject of a number of analyst reports. Zacks Research cut Meta Platforms from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Needham & Company LLC upgraded Meta Platforms from an "underperform" rating to a "hold" rating in a research report on Thursday, July 3rd. DA Davidson upped their price objective on Meta Platforms from $650.00 to $825.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Wedbush upped their price target on Meta Platforms from $750.00 to $920.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, Benchmark increased their price objective on Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Meta Platforms has a consensus rating of "Moderate Buy" and a consensus price target of $822.41.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $752.45 on Monday. The business's 50 day simple moving average is $738.39 and its 200-day simple moving average is $658.81. The firm has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. Meta Platforms, Inc. has a 12 month low of $479.80 and a 12 month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, topping the consensus estimate of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business had revenue of $47.52 billion for the quarter, compared to analyst estimates of $44.55 billion. During the same quarter in the previous year, the company earned $5.16 EPS. The company's quarterly 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 analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Insider Transactions at Meta Platforms

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $726.25, for a total transaction of $376,923.75. Following the transaction, the insider owned 31,908 shares of the company's stock, valued at $23,173,185. This represents a 1.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Javier Olivan sold 517 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $726.25, for a total value of $375,471.25. Following the transaction, the chief operating officer directly owned 12,094 shares in the company, valued at approximately $8,783,267.50. This represents a 4.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 304,358 shares of company stock worth $228,847,292 in the last quarter. Insiders own 13.61% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.