BI Asset Management Fondsmaeglerselskab A S Has $201.77 Million Position in Meta Platforms, Inc. $META

BI Asset Management Fondsmaeglerselskab A S reduced its holdings in Meta Platforms, Inc. (NASDAQ:META) by 21.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 355,175 shares of the social networking company’s stock after selling 95,976 shares during the period. Meta Platforms comprises approximately 2.1% of BI Asset Management Fondsmaeglerselskab A S’s portfolio, making the stock its 6th biggest holding. BI Asset Management Fondsmaeglerselskab A S’s holdings in Meta Platforms were worth $201,772,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Meta Platforms by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock worth $132,015,115,000 after acquiring an additional 7,269,279 shares during the last quarter. Auto Owners Insurance Co raised its position in Meta Platforms by 76,587.7% during the fourth quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company’s stock valued at $69,502,379,000 after purchasing an additional 105,154,977 shares during the period. State Street Corp lifted its stake in shares of Meta Platforms by 5.1% in the 4th quarter. State Street Corp now owns 90,841,345 shares of the social networking company’s stock valued at $59,963,463,000 after purchasing an additional 4,395,763 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Meta Platforms by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 52,806,712 shares of the social networking company’s stock valued at $34,734,628,000 after purchasing an additional 878,396 shares during the last quarter. Finally, Capital World Investors boosted its holdings in shares of Meta Platforms by 0.8% in the 4th quarter. Capital World Investors now owns 39,558,637 shares of the social networking company’s stock worth $26,112,735,000 after purchasing an additional 310,947 shares during the period. 79.91% of the stock is currently owned by institutional investors.

Key Stories Impacting Meta Platforms

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Meta is making a major strategic push in India, investing $900 million in fintech startup CRED and appointing its founder, Kunal Shah, to lead WhatsApp. Investors may view this as a growth-oriented move that strengthens Meta’s positioning in a key market. Indian fintech firm CRED to raise $900 million from Meta at $4.5 billion valuation
• Positive Sentiment: Analysts and commentators continued to highlight upside potential for META, with reports noting Wall Street price targets implying substantial upside and framing the recent pullback as a buying opportunity. Meta Taps New WhatsApp Boss as Part of $900 Million Investment
• Neutral Sentiment: Meta is expanding Instagram beyond mobile with new TV features, a product move that could open another engagement channel but is not yet a material financial catalyst. Meta Takes on Streaming Giants With New ‘Instagram for TV’ Offerings
• Neutral Sentiment: Meta is pausing an internal mouse-tracking and employee activity program while it reviews data-security concerns. The move may reduce near-term controversy, but it also underscores internal governance and privacy issues around its AI efforts. Meta to pause internal mouse-tracking tech while examining data security issues
• Negative Sentiment: Reports of a leaked employee-activity database from Meta’s AI training program intensified backlash and raised concerns about internal data security and employee trust, which can weigh on sentiment. Meta pauses an AI training program that tracks employees’ keystrokes after a companywide leak
• Negative Sentiment: Shares are also being dragged by a broader tech selloff, with Meta included in a drop across the Magnificent 7 as investors rotate out of high-growth names. The Magnificent 7 Selloff Is a Rare Buying Opportunity

Meta Platforms Stock Down 2.3%

Shares of META opened at $563.85 on Tuesday. The firm has a market capitalization of $1.43 trillion, a P/E ratio of 20.50, a P/E/G ratio of 1.02 and a beta of 1.23. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $796.25. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average price of $619.98 and a 200-day moving average price of $633.52.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 EPS for the quarter, topping analysts’ consensus estimates of $6.67 by $3.77. The firm had revenue of $56.31 billion for the quarter, compared to analysts’ expectations of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The business’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same period in the prior year, the business posted $6.43 earnings per share. Equities research analysts expect that Meta Platforms, Inc. will post 29.35 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Monday, June 15th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, June 15th. Meta Platforms’s dividend payout ratio is currently 7.63%.

Insider Activity at Meta Platforms

In related news, COO Javier Olivan sold 2,778 shares of the company’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $629.45, for a total transaction of $1,748,612.10. Following the completion of the sale, the chief operating officer directly owned 10,557 shares in the company, valued at $6,645,103.65. This represents a 20.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis J. Mahoney sold 2,079 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total value of $1,268,023.68. Following the sale, the insider directly owned 1,118 shares in the company, valued at approximately $681,890.56. The trade was a 65.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 39,013 shares of company stock valued at $24,115,999. 13.53% of the stock is owned by insiders.

Analysts Set New Price Targets

META has been the topic of several analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $1,015.00 target price on shares of Meta Platforms in a research report on Thursday, May 28th. KeyCorp restated an “overweight” rating and issued a $760.00 price target on shares of Meta Platforms in a research report on Thursday, April 30th. The Goldman Sachs Group lowered shares of Meta Platforms from a “buy” rating to a “sell” rating in a research note on Tuesday, June 2nd. Wolfe Research cut their price objective on shares of Meta Platforms from $850.00 to $800.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Finally, Raymond James Financial raised shares of Meta Platforms from an “underperform” rating to an “outperform” rating in a research note on Tuesday, June 2nd. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $840.60.

Meta Platforms Company Profile

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.