Louisiana State Employees Retirement System Invests $103.96 Million in Meta Platforms, Inc. $META

Key Points

• Louisiana State Employees Retirement System bought 181,700 shares of Meta Platforms in the first quarter, a stake valued at about $103.96 million. The position makes Meta its 8th largest holding and about 1.8% of the portfolio.
• Wall Street remains broadly positive on Meta, with analysts assigning a Moderate Buy consensus and an average price target of $840.60. Recent ratings were mostly bullish, though some firms trimmed their targets slightly.
• Meta’s latest earnings beat expectations, posting $10.44 EPS on $56.31 billion in revenue, with revenue up 33.1% year over year. The company also pays a small quarterly dividend of $0.525 per share, yielding about 0.4%.

Louisiana State Employees Retirement System acquired a new position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 181,700 shares of the social networking company's stock, valued at approximately $103,956,000. Meta Platforms comprises about 1.8% of Louisiana State Employees Retirement System's investment portfolio, making the stock its 8th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. RHL Group LLC acquired a new position in shares of Meta Platforms in the fourth quarter worth $28,000. Strategic Wealth Advisors LLC acquired a new stake in shares of Meta Platforms during the fourth quarter valued at $29,000. Niles Investment Management LLC purchased a new stake in Meta Platforms during the 4th quarter worth about $29,000. Safe Harbor Fiduciary LLC acquired a new position in Meta Platforms in the 4th quarter valued at about $42,000. Finally, Key Capital Management INC acquired a new position in Meta Platforms in the 4th quarter valued at about $48,000. Hedge funds and other institutional investors own 79.91% of the company's stock.

Wall Street Analysts Forecast Growth

META has been the topic of a number of recent research reports. Rosenblatt Securities restated a "buy" rating and issued a $1,015.00 target price on shares of Meta Platforms in a report on Thursday, May 28th. Piper Sandler began coverage on shares of Meta Platforms in a research report on Tuesday, June 2nd. They issued an "overweight" rating for the company. Cantor Fitzgerald reduced their price objective on shares of Meta Platforms from $850.00 to $750.00 and set an "overweight" rating on the stock in a research note on Thursday, April 30th. Wells Fargo & Company decreased their target price on shares of Meta Platforms from $770.00 to $765.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 20th. Finally, Erste Group Bank cut shares of Meta Platforms from a "buy" rating to a "hold" rating in a research note on Thursday, April 2nd. Three research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $840.60.

Meta Platforms Stock Up 2.2%

META opened at $562.60 on Tuesday. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $796.25. The business has a 50-day moving average of $609.99 and a two-hundred day moving average of $629.84. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35. The stock has a market capitalization of $1.42 trillion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 0.97 and a beta of 1.23.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping the consensus estimate of $6.67 by $3.77. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The business had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. During the same period in the prior year, the firm posted $6.43 EPS. The company's revenue was up 33.1% on a year-over-year basis. On average, research analysts expect that Meta Platforms, Inc. will post 29.35 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.10 annualized dividend and a yield of 0.4%. Meta Platforms's dividend payout ratio is 7.63%.

Key Stories Impacting Meta Platforms

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

• Positive Sentiment: Meta is being highlighted as a market outperformer, with coverage noting it has exceeded broader market returns, reinforcing the view that investors still see strong fundamentals behind the stock. Article Title
• Positive Sentiment: Meta and EssilorLuxottica launched a cheaper new line of AI smart glasses starting at $299, which could expand adoption of its wearables strategy and support long-term growth. Article Title
• Positive Sentiment: Meta’s analyst consensus remains “Moderate Buy,” suggesting Wall Street still sees upside potential despite recent volatility. Article Title
• Positive Sentiment: Multiple pieces point to Meta being a preferred growth stock for long-term investors, including commentary citing billionaire Dan Loeb’s bullish stance. Article Title
• Neutral Sentiment: Coverage comparing Meta with Snap underscores Meta’s much larger revenue base and more consistent growth, but this is more of a fundamentals refresher than a new catalyst. Article Title
• Negative Sentiment: Reports that Google is limiting Meta’s use of Gemini AI models raise a potential constraint on Meta’s access to outside AI compute capacity, which could be a modest headwind for its AI development plans. Article Title

Insider Activity at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 7,847 shares of Meta Platforms stock in a transaction on Monday, May 18th. The shares were sold at an average price of $607.83, for a total value of $4,769,642.01. Following the transaction, the chief technology officer owned 414 shares in the company, valued at $251,641.62. This trade represents a 94.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Curtis J. Mahoney sold 2,079 shares of the business's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total transaction of $1,268,023.68. Following the sale, the insider directly owned 1,118 shares of the company's stock, valued at $681,890.56. This represents a 65.03% 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. In the last ninety days, insiders sold 39,013 shares of company stock worth $24,115,999. Company insiders own 13.53% of the company's stock.

About Meta Platforms

Meta Platforms, Inc NASDAQ: META, formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta's core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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