New York State Teachers Retirement System Has $1.37 Billion Holdings in Meta Platforms, Inc. $META

New York State Teachers Retirement System reduced its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,849,784 shares of the social networking company's stock after selling 8,287 shares during the quarter. Meta Platforms accounts for about 2.9% of New York State Teachers Retirement System's holdings, making the stock its 5th biggest position. New York State Teachers Retirement System owned approximately 0.07% of Meta Platforms worth $1,365,307,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Pachira Investments Inc. increased its stake in shares of Meta Platforms by 3.0% in the 2nd quarter. Pachira Investments Inc. now owns 488 shares of the social networking company's stock worth $360,000 after acquiring an additional 14 shares in the last quarter. Hemington Wealth Management boosted its holdings in shares of Meta Platforms by 0.6% in the second quarter. Hemington Wealth Management now owns 2,223 shares of the social networking company's stock worth $1,641,000 after buying an additional 14 shares during the last quarter. Shelton Wealth Management LLC raised its stake in Meta Platforms by 0.9% during the 2nd quarter. Shelton Wealth Management LLC now owns 1,764 shares of the social networking company's stock worth $1,302,000 after acquiring an additional 15 shares during the period. Myecfo LLC raised its stake in Meta Platforms by 2.0% during the 2nd quarter. Myecfo LLC now owns 776 shares of the social networking company's stock worth $573,000 after acquiring an additional 15 shares during the period. Finally, Kooman & Associates raised its position in shares of Meta Platforms by 2.8% during the second quarter. Kooman & Associates now owns 544 shares of the social networking company's stock valued at $402,000 after buying an additional 15 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Up 0.6%

Shares of META opened at $738.36 on Friday. The firm has a market cap of $1.85 trillion, a P/E ratio of 26.73, a price-to-earnings-growth ratio of 1.57 and a beta of 1.20. 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 company's 50-day moving average price is $742.11 and its 200 day moving average price is $691.34. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $796.25.

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

Meta Platforms Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wedbush boosted their price target on shares of Meta Platforms from $750.00 to $920.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. TD Cowen boosted their target price on shares of Meta Platforms from $800.00 to $875.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. UBS Group upped their price objective on shares of Meta Platforms from $897.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, October 9th. Canaccord Genuity Group boosted their target price on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Finally, Loop Capital restated a "buy" rating and set a $980.00 price objective (up previously from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Meta Platforms has an average rating of "Buy" and a consensus target price of $829.66.

Insider Buying and Selling

In other news, CTO Andrew Bosworth sold 11,694 shares of Meta Platforms stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $9,062,850.00. Following the completion of the transaction, the chief technology officer owned 1,799 shares in the company, valued at approximately $1,394,225. This trade represents a 86.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark Zuckerberg sold 15,847 shares of Meta Platforms stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $769.38, for a total value of $12,192,364.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 214,182 shares of company stock worth $164,951,541. 13.61% of the stock is owned by corporate insiders.

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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