FMR LLC & Abigail Johnson Boost Meta Stake to 6.037%

TL;DR

**FMR LLC and Abigail Johnson now own 6.037% of Meta, signaling continued bullish sentiment.**

AI Summary

FMR LLC, a major investment management firm, and its Chairman and CEO, Abigail P. Johnson, have updated their ownership stake in Meta Platforms, Inc. (META) Class A Common Stock. As of February 9, 2024, they collectively beneficially own 134,012,721 shares, representing 6.037% of the company. This filing indicates a slight increase in their reported beneficial ownership from previous filings, signaling continued confidence in Meta's future by a significant institutional investor.

Why It Matters

This filing shows a prominent institutional investor, FMR LLC, and its leader, Abigail P. Johnson, maintain a substantial and slightly increased position in Meta, which can be seen as a vote of confidence for current or prospective shareholders.

Risk Assessment

Risk Level: low — This filing indicates a stable or slightly increased institutional ownership, which generally reduces perceived risk for investors.

Analyst Insight

Investors should note that a major institutional investor like FMR LLC is maintaining a substantial position in Meta, which could be interpreted as a positive signal for the company's long-term prospects.

Key Numbers

• 134,012,721 — Shares Beneficially Owned (Total Class A Common Stock shares of Meta Platforms, Inc. owned by FMR LLC and Abigail P. Johnson.)
• 6.037% — Percent of Class (The percentage of Meta Platforms, Inc.'s Class A Common Stock beneficially owned by FMR LLC and Abigail P. Johnson.)
• 20240209 — Filing Date (The date this amendment to the Schedule 13G was filed, reflecting ownership as of this date.)

Key Players & Entities

• FMR LLC (company) — reporting person and parent holding company
• Abigail P. Johnson (person) — reporting person and Chairman/CEO of FMR LLC
• Meta Platforms, Inc. (company) — issuer of the securities
• 06 Technology (company) — organization name associated with Meta Platforms, Inc.

Forward-Looking Statements

• FMR LLC will maintain a significant stake in Meta Platforms, Inc. (FMR LLC) — high confidence, target: Next 12-24 months

FAQ

From the Filing

0000315066-24-001346.txt : 20240209 0000315066-24-001346.hdr.sgml : 20240209 20240209092833 ACCESSION NUMBER: 0000315066-24-001346 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Meta Platforms, Inc. CENTRAL INDEX KEY: 0001326801 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] ORGANIZATION NAME: 06 Technology IRS NUMBER: 201665019 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-87272 FILM NUMBER: 24611924 BUSINESS ADDRESS: STREET 1: 1 META WAY CITY: MENLO PARK STATE: CA ZIP: 94025 BUSINESS PHONE: 650-543-4800 MAIL ADDRESS: STREET 1: 1 META WAY CITY: MENLO PARK STATE: CA ZIP: 94025 FORMER COMPANY: FORMER CONFORMED NAME: Facebook Inc DATE OF NAME CHANGE: 20050511 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.4 META PLATFORMS INC CLASS A COMMON STOCK Cusip #30303M102 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #30303M102 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 127,679,291 Item 6: 0 Item 7: 134,012,721 Item 8: 0 Item 9: 134,012,721 Item 11: 6.037% Item 12: HC Cusip #30303M102 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 134,012,721 Item 8: 0 Item 9: 134,012,721 Item 11: 6.037% Item 12: IN Item 1(a). Name of Issuer: META PLATFORMS INC Item 1(b). Address of Issuer's Principal Executive Offices: 1601 WILLOW RD MENLO PARK, CA 94025 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: CLASS A COMMON STOCK Item 2(e). CUSIP Number: 30303M102 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 134,012,721 (b) Percent of Class: 6.037% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 134,012,721 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the CLASS A COMMON STOCK of META PLATFORMS INC. No one other person's interest in the CLASS A COMMON STOCK of META PLATFORMS INC is more than five percent of the total outstanding CLASS A COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applic