Rep. Gilbert Ray Cisneros, Jr. Acquires Shares of Meta Platforms, Inc. (NASDAQ:META)

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Meta Platforms, Inc. (NASDAQ:META). In a filing disclosed on November 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in Meta Platforms stock on October 9th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 11/2/2026.
• Purchased $1,001 – $15,000 in shares of argenex (NASDAQ:ARGX) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Illumina (NASDAQ:ILMN) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Revvity (NYSE:RVTY) on 10/27/2026.
• Sold $15,001 – $50,000 in shares of PTC (NASDAQ:PTC) on 10/27/2026.
• Purchased $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 10/27/2026.
• Purchased $1,001 – $15,000 in shares of MACOM Technology Solutions (NASDAQ:MTSI) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Micron Solutions (OTCMKTS:MICR) on 10/21/2026.
• Sold $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 10/21/2026.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 10/21/2026.

Meta Platforms Price Performance

NASDAQ META traded down $5.16 during trading hours on Thursday, reaching $623.61. 10,268,372 shares of the company’s stock were exchanged, compared to its average volume of 18,105,703. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.30. The stock has a market cap of $1.59 trillion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 1.11 and a beta of 1.28. The firm has a fifty day moving average of $678.62 and a 200-day moving average of $632.12. Meta Platforms, Inc. has a one year low of $520.26 and a one year high of $779.82.

Meta Platforms (NASDAQ:META) last announced its earnings results on Thursday, October 22nd. The social networking company reported $7.40 EPS for the quarter, topping the consensus estimate of $6.54 by $0.86. The company had revenue of $64.60 billion for the quarter, compared to analysts’ expectations of $63.34 billion. Meta Platforms had a return on equity of 30.73% and a net margin of 31.15%. The business’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.25 earnings per share. On average, equities research analysts predict that Meta Platforms, Inc. will post 29.01 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 28th. Investors of record on Monday, September 21st were given a dividend of $0.5250 per share. The ex-dividend date was Monday, September 21st. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s dividend payout ratio is 7.16%.

Institutional Investors Weigh In On Meta Platforms

Several hedge funds and other institutional investors have recently added to or reduced their stakes in META. Corient Private Wealth LP boosted its holdings 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 buying an additional 7,732,446 shares during the last quarter. Jupiter Topco LLC bought a new position in shares of Meta Platforms in the second quarter valued at $2,948,486,000. State Street Corp increased its holdings in Meta Platforms by 4.0% during the second quarter. State Street Corp now owns 92,033,963 shares of the social networking company’s stock worth $51,841,811,000 after buying an additional 3,510,123 shares during the last quarter. Bank of America Corp DE increased its holdings in Meta Platforms by 14.6% during the first quarter. Bank of America Corp DE now owns 21,038,035 shares of the social networking company’s stock worth $12,036,491,000 after buying an additional 2,673,494 shares during the last quarter. Finally, Amundi raised its position in Meta Platforms by 18.1% during the first quarter. Amundi now owns 11,858,972 shares of the social networking company’s stock worth $6,784,873,000 after acquiring an additional 1,815,017 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Key Meta Platforms News

These are some of the META news items that stood out recently:

• Positive Sentiment: ETFs bought about $99.7 million of Meta shares on Nov. 10, a sign of institutional fund demand. ETFs Bought $99.7 Million of Meta Platforms
• Positive Sentiment: JPMorgan named Meta its preferred internet stock, citing AI-enhanced advertising and the potential for Family of Apps ad revenue to compare favorably with Google Search. Meta Platforms Wins JPMorgan Backing
• Negative Sentiment: Meta’s $27 billion off-balance-sheet AI data-center financing drew criticism from investor Steve Eisman, who compared it to Enron; another investor disputed the comparison. The debate could heighten scrutiny of the scale and transparency of Meta’s AI spending. Meta’s $27B Off-Balance-Sheet AI Deal

Insider Buying and Selling

In other news, COO Javier Olivan sold 946 shares of Meta Platforms stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $631.03, for a total value of $596,954.38. Following the completion of the transaction, the chief operating officer owned 3,148 shares of the company’s stock, valued at $1,986,482.44. This trade represents a 23.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 150,973 shares of company stock valued at $103,128,307 in the last ninety days. Company insiders own 13.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on META shares. Deutsche Bank boosted their target price on Meta Platforms from $750.00 to $820.00 and gave the stock a “buy” rating in a research report on Friday, September 25th. President Capital upgraded shares of Meta Platforms from a “neutral” rating to a “buy” rating and increased their price objective for the company from $660.00 to $897.00 in a report on Thursday, September 24th. Rothschild & Co Redburn raised their price objective on shares of Meta Platforms from $900.00 to $1,000.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Yorkville Ives assumed coverage on shares of Meta Platforms in a report on Tuesday, October 6th. They set an “outperform” rating and a $900.00 target price for the company. Finally, Morgan Stanley upped their target price on shares of Meta Platforms from $775.00 to $820.00 and gave the company an “overweight” rating in a research report on Monday, October 19th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and a consensus target price of $833.12.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Meta Platforms

Meta Platforms, Inc. is a global technology company that develops social networking, messaging, and digital communication products. Its services include Facebook, Instagram, WhatsApp, Messenger, and Threads, which connect people and help businesses reach audiences around the world. The company also develops virtual and augmented reality products and technologies through its Reality Labs division, including Quest headsets and related software and services. Advertising is a central part of Meta’s business, with its platforms providing tools for businesses to promote products and services.