Meta Platforms, Inc. $META Holdings Boosted by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 9.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 97,377 shares of the social networking company's stock after purchasing an additional 8,426 shares during the period. Meta Platforms comprises about 1.7% of Tokio Marine Asset Management Co. Ltd.'s holdings, making the stock its 8th largest position. Tokio Marine Asset Management Co. Ltd.'s holdings in Meta Platforms were worth $54,851,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Pinkerton Wealth LLC increased its position in Meta Platforms by 1,918.9% during the second quarter. Pinkerton Wealth LLC now owns 6,420 shares of the social networking company's stock worth $3,673,000 after buying an additional 6,102 shares during the period. Keeler Thomas Management LLC boosted its holdings in shares of Meta Platforms by 11.2% in the second quarter. Keeler Thomas Management LLC now owns 2,258 shares of the social networking company's stock valued at $1,272,000 after acquiring an additional 228 shares during the period. Chicago Partners Investment Group LLC grew its position in shares of Meta Platforms by 17.7% during the second quarter. Chicago Partners Investment Group LLC now owns 38,735 shares of the social networking company's stock worth $23,477,000 after acquiring an additional 5,820 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Meta Platforms by 1.5% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,153,161 shares of the social networking company's stock worth $2,902,724,000 after acquiring an additional 76,730 shares during the last quarter. Finally, Diversify Wealth Management LLC increased its holdings in shares of Meta Platforms by 5.1% in the 2nd quarter. Diversify Wealth Management LLC now owns 107,048 shares of the social networking company's stock valued at $63,573,000 after acquiring an additional 5,218 shares during the period. 79.91% of the stock is owned by hedge funds and other institutional investors.

Meta Platforms Trading Up 1.2%

NASDAQ META opened at $578.02 on Friday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $1.47 trillion, a P/E ratio of 21.77, a P/E/G ratio of 0.98 and a beta of 1.25. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $790.80. The firm has a 50-day moving average price of $592.28 and a 200 day moving average price of $611.61.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The social networking company reported $6.18 earnings per share for the quarter, missing analysts' consensus estimates of $7.19 by ($1.01). Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The business had revenue of $60.80 billion during the quarter, compared to analysts' expectations of $60.22 billion. During the same period in the prior year, the firm posted $7.14 EPS. Meta Platforms's revenue for the quarter was up 28.0% compared to the same quarter last year. Equities research analysts expect that Meta Platforms, Inc. will post 28.5 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Susan J. Li sold 9,196 shares of Meta Platforms stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $550.61, for a total value of $5,063,409.56. Following the sale, the chief financial officer directly owned 13,186 shares in the company, valued at $7,260,343.46. The trade was a 41.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 500 shares of the company's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $561.56, for a total value of $280,780.00. Following the transaction, the director directly owned 2,943 shares in the company, valued at $1,652,671.08. This represents a 14.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 34,957 shares of company stock worth $20,442,696. Corporate insiders own 13.53% of the company's stock.

Key Headlines Impacting Meta Platforms

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

• Positive Sentiment: The settlement limits litigation risk by resolving claims from a broad coalition of states without an admission of liability. Analysts view the payment as manageable relative to Meta’s revenue and cash generation, while the company avoids potentially disruptive court-ordered changes to products such as Reels, Stories and its recommendation systems. Meta's social media settlement leaves its money machine unscathed
• Positive Sentiment: Meta’s advertising engine continues to benefit from improved ad-ranking technology and growing advertiser use of artificial intelligence to create campaigns, supporting demand even as the company spends heavily on AI infrastructure. Ca$htag$: Meta's AI Bet Not Showing Returns, Yet
• Positive Sentiment: Rosenblatt raised its price target to $886 and maintained a buy rating, pointing to substantial potential upside from current levels. The stock’s valuation also remains below that of many large technology peers, strengthening the bargain argument for some investors. Meta price target raised by Rosenblatt
• Neutral Sentiment: The new teen safeguards—including time limits, muted notifications and stronger parental controls—could become a regulatory template for TikTok, YouTube, Snap and international markets. This creates industrywide compliance costs, but may also give Meta greater legal clarity. Meta settlement puts social media industry on notice
• Negative Sentiment: Investors still face execution and financial risks: age-verification technology may be unreliable, critics say the protections do not address teen mental-health concerns, and regulators in the U.K., South Korea and elsewhere may demand similar measures. Restrictions could eventually reduce teen engagement and advertising opportunities. Meta's child-safety deal and age verification
• Negative Sentiment: Meta’s substantial AI capital spending has not yet produced a proportionate revenue payoff, while an executive overseeing India and Southeast Asia is leaving for OpenAI. Those developments add to concerns about returns on investment and management stability. Meta executive leaves for OpenAI

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Mizuho set a $750.00 price target on shares of Meta Platforms in a research note on Thursday, July 30th. KeyCorp reduced their target price on shares of Meta Platforms from $790.00 to $780.00 and set an "overweight" rating for the company in a report on Thursday, July 30th. Benchmark reiterated a "hold" rating on shares of Meta Platforms in a research note on Thursday. Rosenblatt Securities boosted their price target on Meta Platforms from $883.00 to $886.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Scotiabank reaffirmed a "sector perform" rating and set a $600.00 price objective on shares of Meta Platforms in a research note on Thursday, July 30th. Four research 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $785.22.

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.

Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source