Meta Platforms, Inc. $META is DnB Asset Management AS's 6th Largest Position

Key Points

• DnB Asset Management AS reduced its Meta Platforms stake by 15.5%, now holding 1,313,595 shares, making it the 6th largest position in their portfolio.
• Meta Platforms reported a **$7.14 earnings per share**, surpassing estimates of $5.75, with revenue of **$47.52 billion**, reflecting a **21.6% year-over-year increase**.
• Institutional investors own approximately **79.91%** of Meta's stock, with various hedge funds adjusting their stakes, including Dorsey Asset Management increasing theirs by **18.6%** in the last quarter.

DnB Asset Management AS cut its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 15.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,313,595 shares of the social networking company's stock after selling 240,438 shares during the quarter. Meta Platforms accounts for about 3.5% of DnB Asset Management AS's holdings, making the stock its 6th biggest holding. DnB Asset Management AS owned approximately 0.05% of Meta Platforms worth $757,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Dorsey Asset Management LLC lifted its stake in Meta Platforms by 18.6% in the first quarter. Dorsey Asset Management LLC now owns 247,057 shares of the social networking company's stock worth $142,394,000 after purchasing an additional 38,810 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its stake in Meta Platforms by 13.8% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 35,385 shares of the social networking company's stock worth $20,394,000 after purchasing an additional 4,292 shares during the period. Estuary Capital Management LP bought a new position in shares of Meta Platforms during the first quarter valued at about $21,844,000. Cinctive Capital Management LP grew its stake in shares of Meta Platforms by 48.1% in the first quarter. Cinctive Capital Management LP now owns 13,604 shares of the social networking company's stock worth $7,841,000 after purchasing an additional 4,420 shares during the last quarter. Finally, Clark Capital Management Group Inc. grew its stake in shares of Meta Platforms by 1.9% in the first quarter. Clark Capital Management Group Inc. now owns 239,979 shares of the social networking company's stock worth $138,315,000 after purchasing an additional 4,587 shares during the last quarter. Institutional investors own 79.91% of the company's stock.

Meta Platforms Stock Up 0.3%

NASDAQ META opened at $737.05 on Thursday. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The company has a fifty day moving average of $737.56 and a two-hundred day moving average of $659.04. The firm has a market capitalization of $1.85 trillion, a price-to-earnings ratio of 26.69, a PEG ratio of 1.53 and a beta of 1.24. 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 released its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share 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 during the quarter, compared to the consensus estimate of $44.55 billion. During the same period last year, the company earned $5.16 earnings per share. The business's revenue for the quarter was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. On average, analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on META shares. UBS Group raised their target price on shares of Meta Platforms from $812.00 to $897.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Scotiabank raised their price objective on shares of Meta Platforms from $675.00 to $685.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Cantor Fitzgerald reiterated an "overweight" rating and set a $920.00 target price on shares of Meta Platforms in a research note on Wednesday, August 13th. Citigroup reaffirmed an "outperform" rating on shares of Meta Platforms in a report on Thursday, July 31st. Finally, Wedbush increased their price objective on Meta Platforms from $750.00 to $920.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Meta Platforms presently has an average rating of "Moderate Buy" and a consensus price target of $822.41.

Insider Activity at Meta Platforms

In related news, insider Jennifer Newstead sold 519 shares of the business's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $750.47, for a total transaction of $389,493.93. Following the transaction, the insider directly owned 32,427 shares in the company, valued at $24,335,490.69. The trade was a 1.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert M. Kimmitt sold 465 shares of Meta Platforms stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $784.32, for a total transaction of $364,708.80. Following the completion of the sale, the director owned 8,877 shares of the company's stock, valued at $6,962,408.64. This trade represents a 4.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 312,767 shares of company stock valued at $234,716,347 over the last three months. Company 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.

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