State of Michigan Retirement System Has $638.31 Million Holdings in Meta Platforms, Inc. $META

State of Michigan Retirement System lessened its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 0.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 864,814 shares of the social networking company’s stock after selling 6,400 shares during the period. Meta Platforms accounts for 3.3% of State of Michigan Retirement System’s holdings, making the stock its 6th biggest holding. State of Michigan Retirement System’s holdings in Meta Platforms were worth $638,311,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. iA Global Asset Management Inc. increased its holdings in shares of Meta Platforms by 9.8% in the second quarter. iA Global Asset Management Inc. now owns 311,686 shares of the social networking company’s stock worth $230,052,000 after purchasing an additional 27,724 shares during the period. Redwood Wealth Management Group LLC lifted its holdings in Meta Platforms by 0.8% in the second quarter. Redwood Wealth Management Group LLC now owns 2,434 shares of the social networking company’s stock valued at $1,797,000 after acquiring an additional 19 shares during the period. Nicholas Company Inc. purchased a new stake in shares of Meta Platforms in the second quarter worth $73,839,000. Integrity Financial Corp WA boosted its stake in Meta Platforms by 154.9% during the second quarter. Integrity Financial Corp WA now owns 1,239 shares of the social networking company’s stock valued at $914,000 after buying an additional 753 shares during the last quarter. Finally, TIAA Trust National Association boosted its stake in shares of Meta Platforms by 6.0% during the 2nd quarter. TIAA Trust National Association now owns 195,013 shares of the social networking company’s stock worth $143,935,000 after purchasing an additional 10,996 shares during the period. 79.91% of the stock is owned by institutional investors.

Meta Platforms Price Performance

Shares of META stock opened at $609.01 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The firm has a fifty day moving average of $719.36 and a two-hundred day moving average of $704.38. The firm has a market cap of $1.54 trillion, a P/E ratio of 26.90, a P/E/G ratio of 1.39 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. The company had revenue of $51.24 billion during the quarter, compared to analyst estimates of $49.34 billion. Meta Platforms had a return on equity of 39.35% and a net margin of 30.89%.The firm’s quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. As a group, research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, September 22nd. Meta Platforms’s payout ratio is currently 9.28%.

Insider Transactions at Meta Platforms

In other Meta Platforms news, Director Robert M. Kimmitt sold 465 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $716.97, for a total value of $333,391.05. Following the sale, the director owned 7,947 shares in the company, valued at approximately $5,697,760.59. The trade was a 5.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Javier Olivan sold 517 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $631.00, for a total transaction of $326,227.00. Following the completion of the sale, the chief operating officer directly owned 6,924 shares of the company’s stock, valued at approximately $4,369,044. The trade was a 6.95% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 59,430 shares of company stock valued at $45,313,988. 13.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on META shares. Bank of America decreased their price objective on Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Needham & Company LLC reissued a “hold” rating on shares of Meta Platforms in a research note on Thursday, October 30th. Cantor Fitzgerald lowered their price target on Meta Platforms from $920.00 to $830.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Barclays cut their price objective on Meta Platforms from $810.00 to $770.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Finally, Erste Group Bank downgraded shares of Meta Platforms from a “buy” rating to a “hold” rating in a research note on Monday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $827.60.

Meta Platforms Profile

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.