Sumitomo Mitsui DS Asset Management purchased 12,468 shares of Meta Platforms for $7.7 million, increasing its total position to 331,918 shares valued at $245 million as of July 10, 2025. Meta now represents 2.21% of the fund’s assets under management (AUM). The firm reported 759 total positions after the period.

Meta Platforms closed at $720.92 on July 14, 2025, up 44.5% over the past year, outperforming the S&P 500 by 32.9 percentage points. The company has a dividend yield of 0.29% and a forward price-to-earnings ratio of 28.4. It operates in two segments: Family of Apps and Reality Labs, generating revenue primarily through digital advertising.

Meta Platforms leverages AI for advertising effectiveness and potential creative asset creation. The company boasts strong free cash flows, massive shareholder equity, and consistent EPS growth. With over 3.4 billion daily active users, Meta remains attractively priced at 28 times forward earnings compared to other tech peers.

Read more at NASDAQ: Sumitomo Mitsui Loads Up On META With A 12,468 Share Purchase