New Mexico Educational Retirement Board Has $61.31 Million Holdings in Meta Platforms, Inc. $META

New Mexico Educational Retirement Board raised its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 8.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,850 shares of the social networking company's stock after acquiring an additional 8,800 shares during the quarter. Meta Platforms makes up about 1.5% of New Mexico Educational Retirement Board's investment portfolio, making the stock its 9th biggest position. New Mexico Educational Retirement Board's holdings in Meta Platforms were worth $61,314,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mufg Securities Americas Inc. boosted its stake in shares of Meta Platforms by 9.3% in the second quarter. Mufg Securities Americas Inc. now owns 66,142 shares of the social networking company's stock worth $37,257,000 after acquiring an additional 5,634 shares during the period. Van ECK Associates Corp raised its stake in Meta Platforms by 4.0% during the 2nd quarter. Van ECK Associates Corp now owns 749,836 shares of the social networking company's stock valued at $422,375,000 after purchasing an additional 29,098 shares during the period. Roffman Miller Associates Inc. PA raised its stake in Meta Platforms by 13.8% during the 2nd quarter. Roffman Miller Associates Inc. PA now owns 8,436 shares of the social networking company's stock valued at $4,752,000 after purchasing an additional 1,022 shares during the period. Nissay Asset Management Corp Japan lifted its holdings in Meta Platforms by 0.5% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 591,169 shares of the social networking company's stock worth $333,000,000 after purchasing an additional 2,894 shares in the last quarter. Finally, Chapin Davis Inc. lifted its holdings in Meta Platforms by 4.2% in the 2nd quarter. Chapin Davis Inc. now owns 1,790 shares of the social networking company's stock worth $1,008,000 after purchasing an additional 72 shares in the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Weiss Ratings lowered shares of Meta Platforms from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, June 26th. Benchmark restated a "hold" rating on shares of Meta Platforms in a research report on Thursday, August 27th. The Goldman Sachs Group cut their target price on shares of Meta Platforms from $815.00 to $725.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. JPMorgan Chase & Co. upgraded shares of Meta Platforms from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $640.00 to $820.00 in a report on Thursday, September 10th. Finally, Truist Financial decreased their price target on shares of Meta Platforms from $770.00 to $763.00 and set a "buy" rating on the stock in a research note on Thursday, August 27th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $792.68.

Trending Headlines about Meta Platforms

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

• Positive Sentiment: Muse is gaining rapid user adoption. Muse reportedly surpassed ChatGPT in early U.S. iOS downloads, with approximately 730,000 downloads in its first five days and stronger first-12-day performance than ChatGPT’s mobile launch. The traction is strengthening expectations that Meta can monetize AI through advertising, subscriptions and commerce. Meta Muse downloads article
• Positive Sentiment: Partnerships support a broader AI platform strategy. Shopify plans to let Muse complete purchases across its merchant network, while reports also cited interest from services such as Stripe. These integrations could increase Muse’s usefulness and create future transaction or platform revenue opportunities. Shopify Muse checkout article
• Positive Sentiment: Analyst optimism added momentum. Wells Fargo raised its Meta price target to $796 from $640 and maintained an Overweight rating, citing Muse’s early traction, recent model launches and the upcoming Connect conference. Wells Fargo price target article
• Positive Sentiment: AI infrastructure investments are being viewed as strategic growth spending. Meta’s planned Alberta data center and reported high-capacity subsea network reinforce its commitment to supporting AI workloads, although the investments could raise near-term costs.
• Neutral Sentiment: Connect is a near-term catalyst. Traders expect potentially significant volatility around Meta’s annual event, where the company may provide updates on Muse, AI models, hardware and monetization plans. Meta Connect trading expectations article
• Negative Sentiment: Amazon blocked Muse from shopping on its website, citing unauthorized access, security and credential concerns. The dispute highlights regulatory, privacy and platform-integration risks that could limit agentic-commerce adoption. Amazon blocks Muse article

Insider Transactions at Meta Platforms

In related news, CAO Aaron Anderson sold 3,240 shares of Meta Platforms stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $618.06, for a total transaction of $2,002,514.40. Following the completion of the transaction, the chief accounting officer directly owned 6,271 shares of the company's stock, valued at approximately $3,875,854.26. The trade was a 34.07% decrease in their position. The transaction was disclosed in a document filed 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, COO Javier Olivan sold 946 shares of the business's stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $657.73, for a total value of $622,212.58. Following the transaction, the chief operating officer owned 10,716 shares of the company's stock, valued at $7,048,234.68. This trade represents a 8.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 81,758 shares of company stock worth $51,214,020. 13.53% of the stock is currently owned by insiders.

Meta Platforms Price Performance

Meta Platforms stock opened at $741.24 on Tuesday. The company has a market cap of $1.89 trillion, a price-to-earnings ratio of 27.92, a PEG ratio of 1.16 and a beta of 1.25. The firm's fifty day moving average is $608.02 and its 200 day moving average is $610.09. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.32. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $785.73.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The social networking company reported $6.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $7.19 by ($1.01). The company had revenue of $60.80 billion for the quarter, compared to analysts' expectations of $60.22 billion. Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The company's revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter last year, the company earned $7.14 earnings per share. Sell-side analysts forecast that Meta Platforms, Inc. will post 27.93 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Monday, September 21st will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, September 21st. Meta Platforms's dividend payout ratio (DPR) is 7.91%.

Meta Platforms Company Profile

Meta Platforms, Inc develops technologies that help people connect, communicate and build communities online. The company's principal products include Facebook, Instagram, Messenger, WhatsApp and Threads, which enable social networking, messaging, content sharing and digital communication.

Meta generates most of its business through advertising displayed across its family of apps. It also develops artificial intelligence technologies, business messaging tools and hardware and software through its Reality Labs division, including Quest virtual- and mixed-reality devices and related experiences.

The company was founded as Facebook in 2004 by Mark Zuckerberg and was renamed Meta Platforms in 2021 to reflect its broader focus on building the metaverse.

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