Sumitomo Mitsui Loads Up On META With A 12,468 Share Purchase

Motley Fool
2025.07.15 14:30
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Sumitomo Mitsui DS Asset Management Co. increased its stake in Meta Platforms by 12,468 shares, valued at $7.7 million, during Q2 2025, bringing its total holdings to 331,918 shares worth $245 million. This purchase represents 2.21% of the firm's 13F assets. Meta's stock closed at $720.92 on July 14, 2025, up 44.5% over the past year, with a market cap of $1.81 trillion and a forward P/E ratio of 28.4. The company is well-positioned to leverage AI for advertising effectiveness, supported by a large user base and strong financials.