New Mexico Educational Retirement Board Has $66.04 Million Stake in Meta Platforms, Inc. $META

New Mexico Educational Retirement Board grew its stake in Meta Platforms, Inc. (NASDAQ:META) by 2.0% in the 4th quarter, Holdings Channel reports. The firm owned 100,050 shares of the social networking company’s stock after purchasing an additional 2,000 shares during the period. Meta Platforms makes up about 2.0% of New Mexico Educational Retirement Board’s portfolio, making the stock its 8th biggest position. New Mexico Educational Retirement Board’s holdings in Meta Platforms were worth $66,042,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in META. Brighton Jones LLC raised its holdings in Meta Platforms by 1.7% in the 4th quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company’s stock worth $20,230,000 after purchasing an additional 570 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company’s stock worth $5,537,000 after purchasing an additional 875 shares in the last quarter. 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 worth $86,454,000 after purchasing an additional 112,000 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. bought a new position in Meta Platforms in the 2nd quarter worth $213,000. Finally, Capital & Planning LLC purchased a new stake in shares of Meta Platforms in the 2nd quarter worth about $322,000. 79.91% of the stock is currently owned by institutional investors.

Key Headlines Impacting Meta Platforms

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

• Positive Sentiment: Meta continues to be viewed as a major AI winner, with Truist calling out a potential next $20 billion business and analysts remaining bullish on the company’s long-term earnings power.
• Positive Sentiment: The company’s $115 million workforce academy and related data-center training initiatives reinforce its aggressive AI infrastructure buildout and commitment to scaling capacity.
• Positive Sentiment: Meta’s Best Buy partnership to showcase AI glasses and VR headsets could help drive consumer interest and future hardware adoption.
• Negative Sentiment: EU regulators ordered Meta to restore WhatsApp access for rival AI chatbots, adding antitrust pressure and potentially weakening Meta’s platform advantage.
• Negative Sentiment: A newly reported AI bug that enabled Instagram account takeovers raises fresh cybersecurity and trust concerns for the platform.
• Negative Sentiment: Reports that Meta has delayed a key AI rollout are fueling concern that monetization of its AI investments may take longer than expected.

Insider Buying and Selling at Meta Platforms

In other news, CFO Susan J. Li sold 9,195 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $607.84, for a total value of $5,589,088.80. Following the transaction, the chief financial officer owned 13,186 shares in the company, valued at $8,014,978.24. This represents a 41.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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, COO Javier Olivan sold 2,778 shares of the stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $629.45, for a total transaction of $1,748,612.10. Following the completion of the transaction, the chief operating officer owned 10,557 shares in the company, valued at $6,645,103.65. This trade represents a 20.83% 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. Insiders have sold 41,305 shares of company stock worth $25,567,928 over the last quarter. Company insiders own 13.53% of the company’s stock.

Meta Platforms Stock Performance

Shares of NASDAQ META opened at $584.59 on Wednesday. The firm’s 50-day moving average price is $620.77 and its 200-day moving average price is $636.68. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.48 trillion, a PE ratio of 21.25, a PEG ratio of 1.04 and a beta of 1.23. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $796.25.

Meta Platforms (NASDAQ:META) 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 analysts’ consensus estimates of $6.67 by $3.77. The firm had revenue of $56.31 billion for 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 business’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter last year, the firm posted $6.43 EPS. As a group, analysts anticipate that Meta Platforms, Inc. will post 29.35 EPS for the current year.

Meta Platforms Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, June 15th. Meta Platforms’s dividend payout ratio (DPR) is presently 7.63%.

Analyst Ratings Changes

A number of research firms have recently weighed in on META. Barclays upped their target price on shares of Meta Platforms from $800.00 to $830.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Truist Financial reduced their target price on shares of Meta Platforms from $900.00 to $840.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Raymond James Financial raised shares of Meta Platforms from an “underperform” rating to an “outperform” rating in a research report on Tuesday, June 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Meta Platforms in a research report on Friday, March 27th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $810.00 target price on shares of Meta Platforms in a research report on Monday, June 1st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus target price of $840.60.

Meta Platforms Company 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.