Meta Platforms, Inc. $META Stock: Loftus Peak Pty Ltd Trims Holdings

Posted by Brenda Bartman on Oct 16th, 2026

Loftus Peak Pty Ltd decreased its position in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 20.7% during the 3rd quarter, Holdings Channel reports. The firm owned 66,257 shares of the social networking company’s stock after selling 17,308 shares during the quarter. Meta Platforms makes up 5.5% of Loftus Peak Pty Ltd’s investment portfolio, making the stock its 5th biggest holding. Loftus Peak Pty Ltd’s holdings in Meta Platforms were worth $48,048,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Fairtree Asset Management Pty Ltd increased its holdings in Meta Platforms by 18.6% during the 2nd quarter. Fairtree Asset Management Pty Ltd now owns 18,777 shares of the social networking company’s stock valued at $10,577,000 after purchasing an additional 2,939 shares in the last quarter. Madison Wealth Partners Inc boosted its stake in Meta Platforms by 33.6% in the second quarter. Madison Wealth Partners Inc now owns 3,031 shares of the social networking company’s stock worth $1,707,000 after purchasing an additional 763 shares in the last quarter. William John Sempolinski acquired a new position in Meta Platforms in the second quarter worth $3,107,000. Sone Capital Management LLC grew its holdings in shares of Meta Platforms by 38.2% during the second quarter. Sone Capital Management LLC now owns 16,059 shares of the social networking company’s stock worth $9,046,000 after purchasing an additional 4,440 shares during the last quarter. Finally, Lakewood Capital Management LP grew its holdings in shares of Meta Platforms by 63.7% during the second quarter. Lakewood Capital Management LP now owns 115,985 shares of the social networking company’s stock worth $65,333,000 after purchasing an additional 45,130 shares during the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on META shares. Arete Research raised their target price on Meta Platforms from $735.00 to $806.00 and gave the company a “buy” rating in a research note on Wednesday, September 16th. Bank of America reiterated a “buy” rating and set a $810.00 price target on shares of Meta Platforms in a research report on Tuesday, September 22nd. Roth Capital decreased their price objective on shares of Meta Platforms from $820.00 to $750.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Daiwa Securities Group lowered their price objective on shares of Meta Platforms from $790.00 to $687.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Finally, DZ Bank restated a “buy” rating on shares of Meta Platforms in a research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-five have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Meta Platforms has an average rating of “Moderate Buy” and an average target price of $803.39.

View Our Latest Stock Report on META

Insider Activity at Meta Platforms

In other Meta Platforms news, CEO Mark Zuckerberg sold 27,474 shares of the company’s stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $777.44, for a total value of $21,359,386.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Christopher K. Cox sold 40,000 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $712.76, for a total transaction of $28,510,400.00. Following the completion of the sale, the insider owned 184,516 shares in the company, valued at approximately $131,515,624.16. This trade represents a 17.82% decrease in their ownership of the stock. 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 149,797 shares of company stock worth $102,180,385 in the last ninety days. Company insiders own 13.53% of the company’s stock.

Meta Platforms Stock Down 0.1%

Shares of Meta Platforms stock opened at $736.72 on Friday. The business has a fifty day simple moving average of $653.44 and a 200 day simple moving average of $625.27. The stock has a market cap of $1.88 trillion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 1.29 and a beta of 1.19. 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 12 month low of $520.26 and a 12 month high of $779.82.

Meta Platforms (NASDAQ:META – Get Free Report) last released its earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share for the quarter, missing the consensus estimate of $7.19 by ($1.01). Meta Platforms had a net margin of 29.83% and a return on equity of 33.18%. The company had revenue of $60.80 billion during the quarter, compared to analyst estimates of $60.22 billion. During the same period in the previous year, the company posted $7.14 EPS. The company’s quarterly revenue was up 28.0% compared to the same quarter last year. Research analysts predict that Meta Platforms, Inc. will post 27.76 EPS for the current year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Monday, September 21st were given a $0.5250 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 21st. Meta Platforms’s dividend payout ratio (DPR) is currently 7.91%.

Key Headlines Impacting Meta Platforms

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

Positive Sentiment: Meta released the open-weight Muse Spark Open model for coding and AI-agent tasks. The model can be downloaded and adapted by developers, broadening Meta’s reach in the AI ecosystem. Meta releases open-weight Muse Spark model for coding and agentic tasks
Positive Sentiment: An Apple collaboration will enable developers to run Muse Spark Open locally on high-end Mac computers, potentially reducing reliance on cloud infrastructure and increasing model adoption. Apple and Meta team up to make Muse AI model run on Mac computers
Positive Sentiment: Meta’s Muse Wonder model scored 83.2% on an accounting AI benchmark, tying for second place and outperforming OpenAI and Google models in that test. Bank of America maintained a Buy rating and an $810 target, while Guggenheim raised its target to $850. Meta Is Back in the AI Race
Positive Sentiment: Meta- and Google-backed Jio Platforms is preparing a major Indian IPO, which could provide visibility into the value of Meta’s strategic investment and partnership in the business. Meta- and Google-backed Jio Platforms IPO
Neutral Sentiment: Meta has outperformed megacap peers and gained roughly 12% over the past month, increasing investor focus on whether the recent AI-driven rally can continue or whether some holders will take profits. Meta Just Climbed 12% in a Month
Negative Sentiment: Investors remain concerned that Meta’s more than $130 billion AI investment program is reducing free cash flow, while Reality Labs continues to generate large losses. A roughly $10 billion legal charge and uncertainty around 2027 capital spending could add pressure ahead of the company’s expected October 21 earnings report. Meta: The Muse Rally Has Priced In the Good News Before Q3
Negative Sentiment: Seven Democratic senators are seeking an explanation for Meta’s claimed $6.6 billion in research tax credits related to AI data centers, creating potential tax and policy risks for Meta and other large technology companies. Senators Want to Know Why Meta Claimed $6.6 Billion in Research Tax Credits
Negative Sentiment: Goldman Sachs reduced its price target to $762 because of rising operating expenses, though it retained a Buy rating. A COO’s disclosed sales were made under a pre-arranged Rule 10b5-1 plan and are therefore a limited signal of management sentiment.

Meta Platforms Company Profile

(Free Report)

Meta Platforms, Inc is a technology company that develops social networking, messaging, virtual and augmented reality, and artificial intelligence products. The company operates a global family of apps that includes Facebook, Instagram, Messenger, WhatsApp and Threads, enabling users to connect, communicate, share content and discover communities.

Meta generates most of its business through digital advertising displayed across its platforms. Its products serve individuals, creators, businesses and organizations in markets around the world, while its advertising tools help businesses reach audiences based on factors such as interests, activity and demographics.

Through its Reality Labs division, Meta develops virtual and augmented reality hardware, software and services, including the Meta Quest line of headsets and related experiences.