FUKOKU MUTUAL LIFE INSURANCE Co Has $6.33 Million Stock Position in Meta Platforms, Inc. $META

FUKOKU MUTUAL LIFE INSURANCE Co cut its holdings in Meta Platforms, Inc. (NASDAQ:META) by 5.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,574 shares of the social networking company’s stock after selling 447 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Meta Platforms were worth $6,328,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Evergreen Private Wealth LLC boosted its stake in Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after acquiring an additional 38 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in Meta Platforms in the first quarter valued at $33,000. Briaud Financial Planning Inc acquired a new position in shares of Meta Platforms during the second quarter valued at about $42,000. WFA Asset Management Corp raised its holdings in shares of Meta Platforms by 42.6% during the second quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after purchasing an additional 20 shares during the period. Finally, Maseco LLP bought a new position in shares of Meta Platforms during the 2nd quarter worth about $54,000. 79.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on META. Jefferies Financial Group decreased their target price on Meta Platforms from $950.00 to $910.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Bank of America decreased their price objective on Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Barclays lowered their target price on Meta Platforms from $810.00 to $770.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Canaccord Genuity Group reissued a “buy” rating and issued a $900.00 price target on shares of Meta Platforms in a research report on Thursday, October 30th. Finally, KeyCorp lowered their price objective on shares of Meta Platforms from $905.00 to $875.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and an average target price of $823.93.

Meta Platforms Price Performance

META opened at $647.48 on Friday. 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 1.98 and a quick ratio of 1.98. The company has a market capitalization of $1.63 trillion, a price-to-earnings ratio of 28.60, a P/E/G ratio of 1.36 and a beta of 1.20. The firm’s fifty day moving average price is $683.38 and its two-hundred day moving average price is $706.23.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share for the quarter, beating analysts’ consensus estimates of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The company had revenue of $51.24 billion for the quarter, compared to analyst estimates of $49.34 billion. During the same period last year, the firm earned $6.03 earnings per share. The firm’s revenue was up 26.2% on a year-over-year basis. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s payout ratio is presently 9.28%.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 2,610 shares of the company’s stock in a transaction on Saturday, November 15th. The stock was sold at an average price of $609.46, for a total value of $1,590,690.60. Following the completion of the transaction, the chief operating officer owned 9,784 shares in the company, valued at $5,962,956.64. This represents a 21.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Susan J. Li sold 6,875 shares of Meta Platforms stock in a transaction on Saturday, November 15th. The stock was sold at an average price of $609.46, for a total value of $4,190,037.50. Following the sale, the chief financial officer owned 88,370 shares in the company, valued at $53,857,980.20. The trade was a 7.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 41,959 shares of company stock valued at $26,759,811 over the last quarter. Corporate 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.