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

Key Points

• The State of Alaska Department of Revenue reduced its stake in Meta Platforms, Inc. by 4.1%, leaving them with 302,527 shares valued at approximately $223 million.
• Meta recently reported $7.14 earnings per share, surpassing expectations, and experienced a 21.6% revenue increase compared to the same quarter last year.
• Several analysts have raised their price targets for META, with Oppenheimer adjusting it to $870 and others following suit, reflecting strong market sentiment with a consensus rating of "Moderate Buy."

State of Alaska Department of Revenue cut its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 302,527 shares of the social networking company's stock after selling 12,788 shares during the period. Meta Platforms comprises approximately 2.4% of State of Alaska Department of Revenue's investment portfolio, making the stock its 5th biggest position. State of Alaska Department of Revenue's holdings in Meta Platforms were worth $223,291,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of META. Brighton Jones LLC increased its holdings in shares of Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after buying an additional 570 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after buying an additional 875 shares in the last quarter. Triangle Securities Wealth Management increased its holdings in shares of Meta Platforms by 1.5% during the first quarter. Triangle Securities Wealth Management now owns 4,741 shares of the social networking company's stock worth $2,733,000 after buying an additional 68 shares in the last quarter. Apella Capital LLC increased its holdings in shares of Meta Platforms by 40.6% during the first quarter. Apella Capital LLC now owns 3,560 shares of the social networking company's stock worth $2,085,000 after buying an additional 1,028 shares in the last quarter. Finally, Accel Wealth Management increased its holdings in shares of Meta Platforms by 9.9% during the first quarter. Accel Wealth Management now owns 791 shares of the social networking company's stock worth $456,000 after buying an additional 71 shares in the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Performance

Shares of Meta Platforms stock opened at $717.34 on Thursday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $753.01 and a two-hundred day moving average price of $673.09. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a market cap of $1.80 trillion, a P/E ratio of 25.97, a PEG ratio of 1.53 and a beta of 1.20.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, topping analysts' consensus estimates of $5.75 by $1.39. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The firm had revenue of $47.52 billion during the quarter, compared to the consensus estimate of $44.55 billion. During the same period last year, the business posted $5.16 EPS. The business's revenue was up 21.6% compared to the same quarter last year. Meta Platforms has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid a $0.525 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is currently 7.60%.

Wall Street Analysts Forecast Growth

META has been the subject of several research analyst reports. Oppenheimer upped their price target on shares of Meta Platforms from $775.00 to $870.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Monness Crespi & Hardt increased their price objective on Meta Platforms from $780.00 to $860.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Stifel Nicolaus increased their price objective on Meta Platforms from $845.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, July 31st. KeyCorp increased their price objective on Meta Platforms from $800.00 to $905.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, JMP Securities increased their price objective on Meta Platforms from $750.00 to $900.00 and gave the company a "market outperform" rating in a report on Thursday, July 31st. Four analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $830.02.

Insider Activity

In other news, Director Robert M. Kimmitt sold 465 shares of the firm's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $757.47, for a total value of $352,223.55. Following the completion of the sale, the director directly owned 8,412 shares in the company, valued at $6,371,837.64. This trade represents a 5.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jennifer Newstead sold 519 shares of the firm's stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $769.20, for a total value of $399,214.80. Following the completion of the sale, the insider owned 30,351 shares of the company's stock, valued at approximately $23,345,989.20. This represents a 1.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 213,663 shares of company stock worth $164,570,329 in the last three months. Company insiders own 13.61% of the company's stock.

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.

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