OMERS ADMINISTRATION Corp Increases Stock Holdings in Meta Platforms, Inc. $META

Key Points

• OMERS ADMINISTRATION Corp increased its holdings in Meta Platforms, Inc. by 12.1% during the 1st quarter, now owning 457,355 shares valued at approximately $263.6 million.
• Multiple hedge funds have been active with Meta, including notable increases from Csenge Advisory Group and Skye Global Management, reflecting a strong institutional interest as they own 79.91% of the company's stock.
• Meta showed strong financial performance with $7.14 EPS reported, surpassing analysts' expectations, and had a revenue increase of 21.6% year-over-year, amounting to $47.52 billion.

OMERS ADMINISTRATION Corp lifted its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 12.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 457,355 shares of the social networking company's stock after buying an additional 49,538 shares during the period. Meta Platforms makes up 2.3% of OMERS ADMINISTRATION Corp's portfolio, making the stock its 10th biggest position. OMERS ADMINISTRATION Corp's holdings in Meta Platforms were worth $263,601,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of META. Csenge Advisory Group raised its holdings in shares of Meta Platforms by 12.0% during the first quarter. Csenge Advisory Group now owns 9,539 shares of the social networking company's stock valued at $5,498,000 after purchasing an additional 1,019 shares during the last quarter. Suvretta Capital Management LLC boosted its holdings in Meta Platforms by 1.1% in the fourth quarter. Suvretta Capital Management LLC now owns 170,338 shares of the social networking company's stock worth $99,735,000 after purchasing an additional 1,850 shares during the last quarter. Skye Global Management LP grew its position in Meta Platforms by 130.9% in the 4th quarter. Skye Global Management LP now owns 76,200 shares of the social networking company's stock worth $44,616,000 after purchasing an additional 43,200 shares during the period. ARQ Wealth Advisors LLC grew its position in Meta Platforms by 4.5% in the 1st quarter. ARQ Wealth Advisors LLC now owns 785 shares of the social networking company's stock worth $452,000 after purchasing an additional 34 shares during the period. Finally, JMG Financial Group Ltd. purchased a new stake in Meta Platforms during the 1st quarter valued at $284,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Insider Buying and Selling at Meta Platforms

In related news, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the sale, the chief technology officer owned 1,799 shares of the company's stock, valued at approximately $1,394,225. This trade represents a 86.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer Newstead sold 519 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $402,225.00. Following the completion of the transaction, the insider owned 32,946 shares of the company's stock, valued at $25,533,150. The trade was a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 313,284 shares of company stock valued at $235,008,531. 13.61% of the stock is currently owned by corporate insiders.

Meta Platforms Price Performance

Shares of NASDAQ:META opened at $747.38 on Thursday. The company has a market capitalization of $1.88 trillion, a P/E ratio of 27.06, a P/E/G ratio of 1.56 and a beta of 1.27. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The firm's 50 day simple moving average is $733.50 and its two-hundred day simple moving average is $658.54. 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 (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. The firm had revenue of $47.52 billion during the quarter, compared to analysts' expectations of $44.55 billion. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The company's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period in the prior year, the company posted $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Analyst Ratings Changes

META has been the topic of a number of research reports. Raymond James Financial raised their price target 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. Susquehanna lowered their target price on Meta Platforms from $800.00 to $700.00 and set a "positive" rating on the stock in a report on Thursday, May 1st. Royal Bank Of Canada raised their target price on Meta Platforms from $740.00 to $840.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Roth Capital boosted their price target on Meta Platforms from $620.00 to $740.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, Bank of America upped their price target on shares of Meta Platforms from $775.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Three 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 company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $822.41.

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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