Corebridge Financial Inc. Has $331.57 Million Stock Holdings in Meta Platforms, Inc. $META

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. reduced its position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 3.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 575,280 shares of the social networking company's stock after selling 19,673 shares during the quarter. Meta Platforms comprises about 1.9% of Corebridge Financial Inc.'s portfolio, making the stock its 6th biggest position. Corebridge Financial Inc.'s holdings in Meta Platforms were worth $331,568,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Inlight Wealth Management LLC acquired a new stake in shares of Meta Platforms in the 1st quarter worth $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Meta Platforms in the 1st quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms in the 1st quarter worth $33,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Meta Platforms in the 4th quarter worth $45,000. Finally, JCIC Asset Management Inc. raised its stake in Meta Platforms by 102.6% in the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company's stock worth $46,000 after acquiring an additional 40 shares during the last quarter. Institutional investors own 79.91% of the company's stock.

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 15,847 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $753.43, for a total transaction of $11,939,605.21. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Susan J. Li sold 18,332 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $764.71, for a total transaction of $14,018,663.72. Following the sale, the chief financial officer owned 84,141 shares in the company, valued at $64,343,464.11. This trade represents a 17.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 313,803 shares of company stock valued at $235,398,025 in the last ninety days. Company insiders own 13.61% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on META shares. Raymond James Financial raised their target price on Meta Platforms from $750.00 to $900.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 31st. Oppenheimer upped their price objective on Meta Platforms from $775.00 to $870.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Citizens Jmp upped their price objective on Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. HSBC upgraded shares of Meta Platforms from a "hold" rating to a "buy" rating and upped their price objective for the company from $610.00 to $900.00 in a research note on Thursday, July 31st. Finally, Wells Fargo & Company increased their target price on shares of Meta Platforms from $783.00 to $811.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $822.41.

Meta Platforms Stock Down 1.7%

Shares of META traded down $12.75 during midday trading on Friday, hitting $738.36. The company had a trading volume of 5,111,465 shares, compared to its average volume of 14,980,169. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The company's 50 day moving average price is $734.61 and its 200 day moving average price is $658.77. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.85 trillion, a price-to-earnings ratio of 26.70, a PEG ratio of 1.54 and a beta of 1.27.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating the consensus estimate of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business had revenue of $47.52 billion during the quarter, compared to analyst estimates of $44.55 billion. During the same period in the previous year, the business posted $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. On average, equities research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current year.

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.