QRG Capital Management Inc. Has $201.27 Million Stock Holdings in Meta Platforms, Inc. $META

QRG Capital Management Inc. grew its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 304,917 shares of the social networking company’s stock after purchasing an additional 5,911 shares during the period. Meta Platforms comprises approximately 2.2% of QRG Capital Management Inc.’s portfolio, making the stock its 8th biggest position. QRG Capital Management Inc.’s holdings in Meta Platforms were worth $201,272,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Hidden Cove Wealth Management LLC raised its position in Meta Platforms by 17.7% in the 4th quarter. Hidden Cove Wealth Management LLC now owns 1,377 shares of the social networking company’s stock valued at $909,000 after buying an additional 207 shares during the last quarter. Vista Capital Partners Inc. raised its position in Meta Platforms by 8.6% in the 4th quarter. Vista Capital Partners Inc. now owns 1,257 shares of the social networking company’s stock valued at $830,000 after buying an additional 100 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its position in Meta Platforms by 1.7% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 14,660 shares of the social networking company’s stock valued at $9,677,000 after buying an additional 246 shares during the last quarter. Headinvest LLC raised its position in Meta Platforms by 22.0% in the 4th quarter. Headinvest LLC now owns 1,694 shares of the social networking company’s stock valued at $1,118,000 after buying an additional 305 shares during the last quarter. Finally, FWG Holdings LLC raised its position in Meta Platforms by 4.1% in the 4th quarter. FWG Holdings LLC now owns 3,113 shares of the social networking company’s stock valued at $2,230,000 after buying an additional 123 shares during the last quarter. 79.91% of the stock is owned by institutional investors.

Meta Platforms Stock Performance

NASDAQ META opened at $618.43 on Friday. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $796.25. The company has a 50-day simple moving average of $623.25 and a 200 day simple moving average of $640.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. The company has a market capitalization of $1.56 trillion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 1.08 and a beta of 1.25.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.67 by $3.77. The business had revenue of $56.31 billion during the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The firm’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter last year, the company posted $6.43 earnings per share. On average, research analysts predict that Meta Platforms, Inc. will post 29.65 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on META. Rothschild & Co Redburn set a $900.00 price target on shares of Meta Platforms in a research report on Monday, January 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Meta Platforms in a research report on Friday, March 27th. Wells Fargo & Company raised their price target on shares of Meta Platforms from $765.00 to $770.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Pivotal Research cut their target price on Meta Platforms from $930.00 to $910.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Finally, Cantor Fitzgerald cut their target price on Meta Platforms from $850.00 to $750.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $840.31.

Insider Buying and Selling

In other news, COO Javier Olivan sold 926 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $604.57, for a total transaction of $559,831.82. Following the transaction, the chief operating officer owned 6,853 shares of the company’s stock, valued at $4,143,118.21. This represents a 11.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert M. Kimmitt sold 580 shares of the company’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $667.00, for a total value of $386,860.00. Following the transaction, the director directly owned 3,847 shares in the company, valued at $2,565,949. This represents a 13.10% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 169,231 shares of company stock worth $108,239,954 in the last ninety days. 13.61% of the stock is currently owned by insiders.

More Meta Platforms News

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

• Positive Sentiment: Meta’s recent earnings beat and revenue growth remain a key bullish driver, reinforcing the view that ad demand and AI-driven monetization are still accelerating. Analysts highlighted stronger advertiser tools and engagement as signs the business can keep compounding. Article Title
• Positive Sentiment: Meta is rolling out new privacy features for WhatsApp and AI chats, including an “incognito” mode, which could help address user trust concerns while supporting adoption of its AI products. Article Title
• Positive Sentiment: Reports that WhatsApp monetization could expand through a premium subscription add another potential high-margin revenue stream, giving investors more confidence in Meta’s long-term earnings power. Article Title
• Positive Sentiment: Commentary around Meta’s AI infrastructure spending and talent push suggests management is still investing aggressively in future growth, which some investors view as necessary to defend its competitive position. Article Title

About Meta Platforms

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.