Taikang Asset Management Hong Kong Co Ltd Purchases 3,571 Shares of Meta Platforms, Inc. $META

Key Points

• Taikang Asset Management Hong Kong Co Ltd increased its holdings in Meta Platforms, acquiring an additional 3,571 shares, bringing its total ownership to 9,551 shares valued at approximately $5.5 million.
• Several institutional investors, including GAMMA Investing LLC and Nuveen LLC, significantly increased their stakes in Meta Platforms, contributing to the 79.91% institutional ownership of the company.
• Meta Platforms reported strong earnings with a net margin of 39.99% and revenue of $47.52 billion, surpassing analyst expectations and setting a positive outlook of $7.14 EPS for the upcoming fiscal year.

Taikang Asset Management Hong Kong Co Ltd boosted its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 59.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 9,551 shares of the social networking company's stock after purchasing an additional 3,571 shares during the period. Taikang Asset Management Hong Kong Co Ltd's holdings in Meta Platforms were worth $5,505,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of Meta Platforms by 67,172.9% during the 1st quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock valued at $13,517,178,000 after acquiring an additional 23,417,803 shares during the period. Nuveen LLC bought a new position in shares of Meta Platforms during the 1st quarter valued at approximately $2,990,544,000. Northern Trust Corp grew its position in shares of Meta Platforms by 13.5% during the 4th quarter. Northern Trust Corp now owns 23,445,565 shares of the social networking company's stock valued at $13,727,613,000 after acquiring an additional 2,787,832 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Meta Platforms by 712.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company's stock valued at $1,462,589,000 after acquiring an additional 2,225,186 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Meta Platforms during the 4th quarter valued at approximately $1,162,918,000. 79.91% of the stock is owned by institutional investors.

Meta Platforms Stock Performance

NASDAQ META opened at $754.79 on Monday. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market capitalization of $1.90 trillion, a PE ratio of 27.33, a P/E/G ratio of 1.56 and a beta of 1.27. The company's 50 day simple moving average is $730.31 and its two-hundred day simple moving average is $656.98.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $44.55 billion. During the same period in the prior year, the company posted $5.16 EPS. 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. Analysts predict that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, June 16th were paid a $0.525 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.10 annualized dividend and a yield of 0.3%. Meta Platforms's dividend payout ratio is currently 7.60%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on META shares. BMO Capital Markets increased their target price on shares of Meta Platforms from $610.00 to $710.00 and gave the company a "market perform" 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 stock a "sector perform" rating in a report on Thursday, July 31st. DA Davidson raised their price objective on shares of Meta Platforms from $650.00 to $825.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. UBS Group raised their price objective on shares of Meta Platforms from $812.00 to $897.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Evercore ISI raised their price objective on shares of Meta Platforms from $725.00 to $750.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $822.41.

Insiders Place Their Bets

In other Meta Platforms news, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $775.00, for a total value of $402,225.00. Following the sale, the insider directly owned 32,946 shares in the company, valued at $25,533,150. This represents a 1.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Javier Olivan sold 517 shares of the 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 $400,675.00. Following the completion of the sale, the chief operating officer owned 13,128 shares in the company, valued at $10,174,200. This represents a 3.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 313,803 shares of company stock worth $235,276,424. Company insiders own 13.61% of the company's stock.

About Meta Platforms

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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