In a recent financial disclosure, Dupont Capital Management Corp has made headlines by reducing its stake in Meta Platforms, Inc. (NASDAQ:META). According to their latest filing with the Securities and Exchange Commission (SEC), the firm decreased its holdings by 6.1% during the first quarter of the year. After selling 4,146 shares, Dupont now holds a total of 63,948 shares in the social media giant, which translates to a valuation of approximately $31,052,000 at the end of the reporting period. This positions Meta as the eighth largest holding in Dupont Capital Management’s portfolio, accounting for around 2.6% of their total assets.
The news of Dupont’s sale comes amidst a backdrop of fluctuating institutional investments in Meta Platforms. Other major investors have also been active in adjusting their stakes in the company. For instance, Vanguard Group Inc. has increased its shareholding by 1.7% during the fourth quarter, now owning a substantial 186,349,346 shares valued at around $65.96 billion after acquiring an additional 3,104,550 shares.
Similarly, Capital World Investors has raised its stake by 2.5%, bringing its total to 38,054,513 shares worth approximately $13.47 billion after purchasing an extra 927,491 shares. Capital International Investors also saw a 3.2% increase, now holding 34,738,470 shares valued at $12.3 billion following the acquisition of 1,083,719 additional shares.
In a notable move, Norges Bank entered the fray by acquiring a new position in Meta Platforms valued at roughly $11.29 billion during the fourth quarter. Moreover, Capital Research Global Investors made significant strides by boosting its stake by 17.2%, now owning 30,217,175 shares worth about $10.7 billion after purchasing an additional 4,440,229 shares.
As of now, institutional investors and hedge funds collectively own 79.91% of Meta Platforms’ shares, highlighting the significant interest and confidence in the company among major financial entities.
In addition to the institutional activity, insider trading at Meta Platforms has also been noteworthy. Recently, Chief Technology Officer Andrew Bosworth sold 5,058 shares on May 15, with an average sale price of $471.85, amounting to a total of $2,386,617.30. Following this transaction, Bosworth retains ownership of 15,412 shares, valued at approximately $7.27 million.
These developments reflect the dynamic nature of investment in Meta Platforms, as both institutional and insider activities continue to shape the company’s stock performance and market perception. Investors are keenly watching the shifting landscape as Meta adapts to ongoing challenges and opportunities in the tech sector.
As the market evolves, it remains to be seen how these adjustments in shareholding will influence Meta Platforms’ strategic direction and overall market performance. The actions of major investors and insiders provide critical insights into the confidence levels surrounding the company as it navigates through an increasingly competitive environment.
