E Fund Management Hong Kong Co. Ltd. Acquires 2,746 Shares of Meta Platforms, Inc. $META

E Fund Management Hong Kong Co. Ltd. boosted its holdings in Meta Platforms, Inc. (NASDAQ:META) by 71.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,579 shares of the social networking company’s stock after purchasing an additional 2,746 shares during the period. Meta Platforms makes up 2.0% of E Fund Management Hong Kong Co. Ltd.’s portfolio, making the stock its 13th largest position. E Fund Management Hong Kong Co. Ltd.’s holdings in Meta Platforms were worth $4,647,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Westchester Capital Management Inc. bought a new position in shares of Meta Platforms during the third quarter valued at about $26,000. Strategic Wealth Advisors LLC bought a new position in shares of Meta Platforms during the fourth quarter valued at about $29,000. Key Capital Management INC bought a new position in shares of Meta Platforms during the fourth quarter valued at about $48,000. Fairway Wealth LLC raised its stake in shares of Meta Platforms by 36.8% during the fourth quarter. Fairway Wealth LLC now owns 78 shares of the social networking company’s stock valued at $51,000 after acquiring an additional 21 shares during the last quarter. Finally, Merrithew & Thorsten Inc bought a new position in shares of Meta Platforms during the fourth quarter valued at about $52,000. 79.91% of the stock is owned by institutional investors.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Meta launched a standalone “Forum” app for Facebook Groups, signaling a new product push that could deepen user engagement and add pressure to competitors like Reddit. Meta quietly launches a new Reddit-like app called Forum
• Positive Sentiment: Meta is cutting jobs and shifting resources toward AI, which investors may view as an efficiency move that supports long-term profit margins and keeps the company focused on its biggest growth area. Meta Cuts 8,000 Jobs, Boosts AI Team: What This Means for Employees
• Neutral Sentiment: Meta also settled a school-district lawsuit over alleged social media addiction harms, removing one legal overhang, though the broader regulatory and litigation risk around its platforms remains. Texas sues Meta, WhatsApp over encryption privacy claims
• Neutral Sentiment: Other headlines around Meta’s dual-class control structure, insider share sales, and broader AI spending debate are adding to the narrative, but they are less likely to drive the stock on their own than the new app launch and workforce reshaping.
• Negative Sentiment: The Texas attorney general’s lawsuit against Meta and WhatsApp over encryption and privacy claims adds another legal risk for investors to monitor. Google, Meta, TikTok face EU consumer complaints about handling of financial scams
• Negative Sentiment: Competition concerns are also in focus after Meta’s Forum app appeared to pressure Reddit shares, reinforcing worries that Meta’s scale lets it copy or crowd out rival social platforms.

Insiders Place Their Bets

In other news, CTO Andrew Bosworth sold 7,847 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the sale, the chief technology officer owned 414 shares in the company, valued at $251,641.62. This represents a 94.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Javier Olivan sold 837 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $609.35, for a total transaction of $510,025.95. Following the sale, the chief operating officer owned 14,660 shares in the company, valued at approximately $8,933,071. The trade was a 5.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 152,728 shares of company stock worth $96,925,217. 13.53% of the stock is currently owned by company insiders.

Meta Platforms Price Performance

Shares of META opened at $610.26 on Friday. The stock has a market cap of $1.54 trillion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 1.08 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $796.25. The firm’s 50-day simple moving average is $617.68 and its two-hundred day simple moving average is $637.00.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping analysts’ consensus estimates of $6.67 by $3.77. The business 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 was up 33.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.43 earnings per share. Analysts anticipate that Meta Platforms, Inc. will post 29.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on META. Evercore increased their price target on shares of Meta Platforms from $875.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Argus reissued a “buy” rating and issued a $800.00 price target on shares of Meta Platforms in a research note on Monday, February 2nd. Morgan Stanley decreased their price target on shares of Meta Platforms from $825.00 to $775.00 and set an “overweight” rating for the company in a research note on Monday, March 30th. Raymond James Financial decreased their price target on shares of Meta Platforms from $825.00 to $800.00 and set a “strong-buy” rating for the company in a research note on Monday, January 26th. Finally, Wolfe Research decreased their price target on shares of Meta Platforms from $850.00 to $800.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $840.19.

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.