6,290 Meta Platforms, Inc. $META Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its position in Meta Platforms, Inc. (NASDAQ:META) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 265,945 shares of the social networking company’s stock after selling 6,290 shares during the period. Meta Platforms makes up 1.8% of State of Alaska Department of Revenue’s holdings, making the stock its 11th biggest holding. State of Alaska Department of Revenue’s holdings in Meta Platforms were worth $192,857,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of META. Auto Owners Insurance Co raised its position in shares of Meta Platforms by 76,587.7% in the 4th quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company’s stock worth $69,502,379,000 after acquiring an additional 105,154,977 shares in the last quarter. Corient Private Wealth LP lifted its stake in shares of Meta Platforms by 723.1% in the 2nd quarter. Corient Private Wealth LP now owns 8,801,764 shares of the social networking company’s stock valued at $4,957,946,000 after purchasing an additional 7,732,446 shares during the period. Jupiter Topco LLC bought a new stake in shares of Meta Platforms during the 2nd quarter valued at about $2,948,486,000. Corient Private Wealth LLC boosted its position in shares of Meta Platforms by 488.1% during the 4th quarter. Corient Private Wealth LLC now owns 5,466,595 shares of the social networking company’s stock valued at $3,608,445,000 after purchasing an additional 4,537,076 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Meta Platforms by 4.0% during the 2nd quarter. State Street Corp now owns 92,033,963 shares of the social networking company’s stock valued at $51,841,811,000 after purchasing an additional 3,510,123 shares in the last quarter. Institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling

In related news, CEO Mark Zuckerberg sold 27,474 shares of the company’s stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $777.44, for a total transaction of $21,359,386.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Christopher K. Cox sold 40,000 shares of the stock in a transaction on Monday, September 21st. The shares were sold at an average price of $712.76, for a total value of $28,510,400.00. Following the completion of the sale, the insider directly owned 184,516 shares of the company’s stock, valued at $131,515,624.16. The trade was a 17.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 149,797 shares of company stock valued at $102,180,385. 13.53% of the stock is currently owned by company insiders.

Meta Platforms Stock Down 3.7%

Shares of META stock traded down $27.39 on Friday, reaching $709.33. 20,582,358 shares of the company were exchanged, compared to its average volume of 22,124,532. The company has a market cap of $1.81 trillion, a price-to-earnings ratio of 26.72, a PEG ratio of 1.27 and a beta of 1.19. The company has a 50-day moving average of $655.78 and a 200-day moving average of $625.86. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.23 and a quick ratio of 2.23. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $779.82.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.19 by ($1.01). The business had revenue of $60.80 billion during the quarter, compared to analyst estimates of $60.22 billion. Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The business’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same period in the previous year, the business posted $7.14 EPS. Analysts anticipate that Meta Platforms, Inc. will post 28.15 earnings per share for the current year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 28th. Stockholders of record on Monday, September 21st were issued a $0.5250 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 21st. Meta Platforms’s dividend payout ratio (DPR) is currently 7.91%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on META shares. Evercore raised their target price on Meta Platforms from $820.00 to $860.00 in a research note on Tuesday, August 25th. KeyCorp reissued an “overweight” rating and issued a $900.00 price target on shares of Meta Platforms in a research note on Tuesday. Loop Capital increased their price target on Meta Platforms from $740.00 to $955.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. Mizuho set a $750.00 price target on Meta Platforms and gave the stock an “outperform” rating in a report on Thursday, July 30th. Finally, Bank of America reaffirmed a “buy” rating and set a $810.00 price objective on shares of Meta Platforms in a research report on Tuesday, September 22nd. Three analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $808.88.

Key Headlines Impacting Meta Platforms

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Bank of America expects Meta to exceed third-quarter revenue expectations, forecasting $63.8 billion versus a $63.3 billion consensus estimate, and maintained a Buy rating with an $810 price target. Meta expected to beat revenue forecasts as AI boosts advertising, says Bank of America
• Positive Sentiment: Meta released the open-weight Muse Spark model for coding and AI-agent tasks, while its collaboration with Apple enables developers to run the model locally on high-end Mac computers. The developments could broaden adoption of Meta’s AI technology and reduce reliance on cloud infrastructure. Meta releases open-weight Muse Spark model
• Positive Sentiment: JPMorgan reaffirmed its Overweight rating and set a $920 price target, implying substantial upside, while other analysts including KeyCorp and Rosenblatt also maintained positive ratings. JPMorgan reaffirms Meta rating
• Neutral Sentiment: Meta is expected to report third-quarter results on October 21. Investors will focus on advertising growth, user metrics, profitability, capital expenditures, and management’s outlook for AI infrastructure spending. Meta Q3 earnings estimates
• Neutral Sentiment: Meta withdrew $25 million from a previously announced $65 million effort to support political candidates considered favorable to the AI industry. The move may reduce near-term spending but signals a change in its political strategy. Meta Withdraws $25 Million from Its Midterms Push
• Negative Sentiment: Analyst-related pressure is weighing on the stock after Goldman Sachs lowered its expectations and Meta was reported down following an analyst downgrade, countering the more bullish JPMorgan view. Meta stock price down on analyst downgrade
• Negative Sentiment: Investors remain concerned that AI infrastructure spending could reach approximately $205 billion in 2027. Heavy capital expenditures are reducing free cash flow, while potential legal charges and regulatory scrutiny add to earnings risk. Meta AI spending could hit $205 billion
• Negative Sentiment: Seven U.S. senators are questioning Meta’s claim of $6.6 billion in research tax credits for AI data centers, creating potential tax liability and reputational risk. Senators question Meta AI data-center tax credits

Meta Platforms Profile

Meta Platforms, Inc is a technology company that develops social networking, messaging, virtual and augmented reality, and artificial intelligence products. The company operates a global family of apps that includes Facebook, Instagram, Messenger, WhatsApp and Threads, enabling users to connect, communicate, share content and discover communities.

Meta generates most of its business through digital advertising displayed across its platforms. Its products serve individuals, creators, businesses and organizations in markets around the world, while its advertising tools help businesses reach audiences based on factors such as interests, activity and demographics.

Through its Reality Labs division, Meta develops virtual and augmented reality hardware, software and services, including the Meta Quest line of headsets and related experiences.