Asset Management One Co. Ltd. Increases Stock Holdings in Meta Platforms, Inc. $META

Core Insights - Asset Management One Co. Ltd. increased its holdings in Meta Platforms by 2.1% in Q3, owning 1,044,801 shares valued at $767.28 million, making it the 6th largest position in their portfolio [2] - Several hedge funds significantly increased their stakes in Meta Platforms during Q2, with Kingstone Capital Partners raising its position by 608,429.2%, now owning 59,775,823 shares valued at $44.12 billion [3] - Meta Platforms reported Q3 earnings of $7.25 per share, exceeding the consensus estimate of $6.74, with revenue of $51.24 billion, a 26.2% increase year-over-year [8] Institutional Holdings - Hedge funds and institutional investors own 79.91% of Meta Platforms' stock, indicating strong institutional interest [3] - Notable increases in holdings include State Street Corp, which raised its stake by 1.9%, and Vanguard Group, which boosted its stake by 0.8% [3] Insider Activity - COO Javier Olivan sold 517 shares at an average price of $650.41, reducing his ownership by 4.24% [4] - Director Robert M. Kimmitt sold 580 shares at an average price of $646.00, representing an 8.60% decrease in his position [4] Analyst Ratings - Barclays lowered its price target for Meta Platforms from $810.00 to $770.00 while maintaining an "overweight" rating [5] - The consensus rating for Meta Platforms is "Moderate Buy" with an average target price of $822.89, supported by four Strong Buy ratings and thirty-eight Buy ratings [5] Stock Performance - Meta Platforms shares opened at $653.06, with a market cap of $1.65 trillion and a PE ratio of 28.85 [7] - The stock has a 1-year low of $479.80 and a high of $796.25, with a 50-day moving average of $641.26 [7] Dividend Information - Meta Platforms announced a quarterly dividend of $0.525 per share, representing an annualized dividend of $2.10 and a yield of 0.3% [9]