Meta Platforms, Inc. $META Stock Position Reduced by Corebridge Financial Inc.

Key Points

• Corebridge Financial Inc. has reduced its holdings in Meta Platforms by 3.3%, selling 19,673 shares and retaining 575,280 shares, which are valued at approximately $331.57 million.
• Several large investors, including Ally Financial Inc. and Taikang Asset Management, have increased their stakes in Meta Platforms, signaling ongoing interest in the company's stock.
• Meta Platforms reported strong quarterly earnings, exceeding estimates with an EPS of $7.14 and revenue of $47.52 billion, showcasing a robust 21.6% year-over-year growth.

Corebridge Financial Inc. lessened its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 575,280 shares of the social networking company's stock after selling 19,673 shares during the quarter. Meta Platforms makes up about 1.9% of Corebridge Financial Inc.'s holdings, making the stock its 6th largest position. Corebridge Financial Inc.'s holdings in Meta Platforms were worth $331,568,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Taikang Asset Management Hong Kong Co Ltd increased its holdings in Meta Platforms by 59.7% in the first quarter. Taikang Asset Management Hong Kong Co Ltd now owns 9,551 shares of the social networking company's stock valued at $5,505,000 after buying an additional 3,571 shares during the last quarter. Full Sail Capital LLC increased its holdings in Meta Platforms by 5.5% in the first quarter. Full Sail Capital LLC now owns 1,643 shares of the social networking company's stock valued at $947,000 after buying an additional 86 shares during the last quarter. Ally Financial Inc. increased its holdings in Meta Platforms by 23.5% in the first quarter. Ally Financial Inc. now owns 21,000 shares of the social networking company's stock valued at $12,104,000 after buying an additional 4,000 shares during the last quarter. Apexium Financial LP grew its holdings in shares of Meta Platforms by 7.7% during the first quarter. Apexium Financial LP now owns 4,816 shares of the social networking company's stock worth $2,776,000 after purchasing an additional 344 shares during the last quarter. Finally, Anson Funds Management LP purchased a new position in shares of Meta Platforms during the first quarter worth about $1,153,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Meta Platforms Price Performance

Shares of META opened at $754.79 on Monday. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The company has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 1.56 and a beta of 1.27. The firm has a 50-day simple moving average of $730.31 and a 200-day simple moving average of $656.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The firm's revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the firm earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Monday, June 16th were given a $0.525 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is presently 7.60%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Hsbc Global Res raised Meta Platforms from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. BMO Capital Markets raised their price objective on Meta Platforms from $610.00 to $710.00 and gave the stock a "market perform" rating in a report on Thursday, July 31st. Oppenheimer raised their price objective on Meta Platforms from $775.00 to $870.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Guggenheim reaffirmed a "buy" rating and set a $800.00 price objective (up previously from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. Finally, Canaccord Genuity Group raised their price objective on Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $822.41.

Insider Transactions at Meta Platforms

In related news, Director Robert M. Kimmitt sold 465 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $784.32, for a total value of $364,708.80. Following the completion of the sale, the director owned 8,877 shares in the company, valued at $6,962,408.64. This trade represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Andrew Bosworth sold 11,694 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the completion of the sale, the chief technology officer owned 1,799 shares of the company's stock, valued at approximately $1,394,225. The trade was a 86.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 313,803 shares of company stock valued at $235,276,424 over the last 90 days. Insiders own 13.61% of the company's stock.

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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