State of Michigan Retirement System Reduces Stock Holdings in Meta Platforms, Inc. $META

Key Points

• State of Michigan Retirement System trimmed its Meta stake by 1.5% to 848,314 shares, still holding about $559,964,000 of stock — roughly 2.7% of its portfolio and Meta's eighth-largest position.
• Insider selling has been notable recently: CFO Susan Li sold 56,571 shares (~$36.5M) and insiders have disposed of 168,193 shares worth about $107.6M in the past three months.
• Meta posted a strong Q1 beat — EPS $10.44 vs. $6.67 est and revenue up 33.1% to $56.31B — but faces investor concern over massive projected capex ($125–$145B for 2026) and mixed analyst views on near-term margins and growth.

State of Michigan Retirement System cut its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 848,314 shares of the social networking company's stock after selling 12,700 shares during the period. Meta Platforms makes up approximately 2.7% of State of Michigan Retirement System's holdings, making the stock its 8th biggest position. State of Michigan Retirement System's holdings in Meta Platforms were worth $559,964,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC lifted its stake in shares of Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after buying an additional 570 shares during the period. Revolve Wealth Partners LLC increased its stake in 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 valued at $5,537,000 after acquiring an additional 875 shares during the period. Headwater Capital Co Ltd raised its holdings in Meta Platforms by 294.7% in the 1st quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock valued at $86,454,000 after acquiring an additional 112,000 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. acquired a new position in Meta Platforms in the 2nd quarter valued at approximately $213,000. Finally, Capital & Planning LLC bought a new stake in shares of Meta Platforms in the 2nd quarter worth approximately $322,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CFO Susan J. Li sold 56,571 shares of Meta Platforms stock in a transaction on Friday, February 27th. The stock was sold at an average price of $644.70, for a total value of $36,471,323.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Andrew Bosworth sold 8,089 shares of the business's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $631.24, for a total value of $5,106,100.36. Following the completion of the transaction, the chief technology officer directly owned 2,841 shares in the company, valued at approximately $1,793,352.84. This represents a 74.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 168,193 shares of company stock valued at $107,642,717 in the last three months. 13.61% of the stock is owned by corporate insiders.

Key Headlines Impacting Meta Platforms

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

• Positive Sentiment: Q1 beat and valuation support — analysts highlight a 33% revenue increase and large EPS beat, arguing META is undervalued after the pullback; this reinforces buy thesis given strong ad monetization and cash flow. Meta Is Undervalued, But Will Need A Second Growth Engine (Rating Upgrade)
• Positive Sentiment: Institutional accumulation — Fisher Asset Management recently increased its Meta stake, signaling continued confidence from large investors and supporting near-term demand for shares. Fisher Asset Management Boosts Meta Stake With 75,590 Shares
• Positive Sentiment: Data-center demand validation — Corning disclosed a multi-year, $6B supply agreement that names Meta among hyperscale customers, validating ongoing infrastructure commitment that underpins Meta’s AI/data-center strategy. Light Speed Returns: Corning Cashes In on NVIDIA Growth
• Neutral Sentiment: Product roadmap — reports say Meta is building a consumer-friendly agentic AI assistant, which could drive longer-term user/product monetization but is still early-stage. Big Tech's Personal AI Agents Are Coming for the to-Do List
• Neutral Sentiment: Financing activity — Bloomberg-sourced reports say Meta is working on up to ~$13B in data-center financing for an El Paso build; that eases near-term cash outflow but also signals large ongoing capital needs. Here’s Why Meta Platforms (META) Is Among the 10 Strong Buy S&P 500 Stocks to Invest In
• Neutral Sentiment: Legal update — Meta has asked a judge to overturn a landmark jury verdict in a social-media addiction case; an appeal reduces immediate downside but legal overhang remains. Meta asks California judge to throw out landmark social media addiction verdict
• Negative Sentiment: Massive capex concern — coverage highlights Meta’s projected 2026 capex of $125–$145B (plus an extra $10B on AI), which keeps investors anxious about cash deployment, near-term margins, and capital returns. Tens of Thousands of Tech Workers Are Being Laid Off in 2026. The $725 Billion That Replaced Them Is Going to Four Companies.
• Negative Sentiment: Insider selling — COO Javier Olivan executed stock sales under a 10b5-1 plan; while pre-arranged, such disclosures can add to short-term selling pressure. SEC filing: Javier Olivan insider sale
• Negative Sentiment: Analyst pushback — some firms (eg. Mizuho) have trimmed expectations, reflecting concern that ad growth and margin leverage may slow as Meta scales heavy infra spending. Mizuho Has Lowered Expectations for Meta Platforms NASDAQ: META Stock Price

Meta Platforms Stock Up 0.6%

META opened at $616.81 on Friday. The firm has a market cap of $1.56 trillion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.07 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. The firm's 50-day simple moving average is $627.67 and its 200-day simple moving average is $645.30. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.67 by $3.77. The firm had revenue of $56.31 billion during the quarter, compared to the consensus estimate of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The firm's quarterly revenue was up 33.1% on a year-over-year basis. During the same period last year, the firm posted $6.43 EPS. Equities research analysts anticipate that Meta Platforms, Inc. will post 29.67 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Monday, March 16th were paid a $0.525 dividend. The ex-dividend date was Monday, March 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms's payout ratio is 7.63%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on META shares. Rosenblatt Securities reissued a "buy" rating and set a $1,015.00 price objective on shares of Meta Platforms in a report on Thursday, April 30th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $725.00 target price (down from $825.00) on shares of Meta Platforms in a research report on Thursday, April 30th. Raymond James Financial decreased their price target on shares of Meta Platforms from $825.00 to $800.00 and set a "strong-buy" rating on the stock in a research note on Monday, January 26th. Roth Mkm reissued a "buy" rating on shares of Meta Platforms in a report on Thursday, April 30th. Finally, DA Davidson increased their price objective on shares of Meta Platforms from $825.00 to $850.00 and gave the company a "buy" rating in a research note on Thursday, January 29th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Meta Platforms currently has a consensus rating of "Moderate Buy" and a consensus price target of $840.31.

Meta Platforms Profile

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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