Rep. Gilbert Ray Cisneros, Jr. Unloads Meta Platforms, Inc. (NASDAQ:META) Stock

Posted by Doug Wharley on Sep 13th, 2026

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Meta Platforms, Inc. (NASDAQ:META). In a filing disclosed on September 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Meta Platforms stock on August 20th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of DoorDash (NASDAQ:DASH) on 8/28/2026.
Purchased $15,001 – $50,000 in shares of Quanta Services (NYSE:PWR) on 8/27/2026.
Purchased $15,001 – $50,000 in shares of Eaton (NYSE:ETN) on 8/27/2026.
Sold $15,001 – $50,000 in shares of NIKE (NYSE:NKE) on 8/27/2026.
Sold $1,001 – $15,000 in shares of Phreesia (NYSE:PHR) on 8/26/2026.
Purchased $1,001 – $15,000 in shares of Wheaton Precious Metals (NYSE:WPM) on 8/26/2026.
Purchased $1,001 – $15,000 in shares of Walmart (NASDAQ:WMT) on 8/26/2026.
Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 8/26/2026.
Sold $15,001 – $50,000 in shares of Lamar Advertising (NASDAQ:LAMR) on 8/25/2026.
Sold $1,001 – $15,000 in shares of Phreesia (NYSE:PHR) on 8/25/2026.

Meta Platforms Stock Performance

Meta Platforms stock opened at $648.03 on Friday. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $790.80. The stock’s 50 day simple moving average is $601.58 and its two-hundred day simple moving average is $608.94. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current ratio of 2.23. The stock has a market cap of $1.65 trillion, a price-to-earnings ratio of 24.41, a PEG ratio of 1.12 and a beta of 1.25.

Meta Platforms (NASDAQ:META – Get Free Report) last announced its earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.19 by ($1.01). The firm had revenue of $60.80 billion during the quarter, compared to the consensus estimate of $60.22 billion. Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.The firm’s revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the company posted $7.14 EPS. As a group, analysts expect that Meta Platforms, Inc. will post 28.17 earnings per share for the current fiscal year.

Meta Platforms Announces Dividend

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

Hedge Funds Weigh In On Meta Platforms

A number of hedge funds have recently bought and sold shares of the company. Abbot Financial Management Inc. boosted its holdings in Meta Platforms by 53.5% during the second quarter. Abbot Financial Management Inc. now owns 2,845 shares of the social networking company’s stock valued at $1,603,000 after acquiring an additional 991 shares during the period. Ashton Thomas Securities LLC boosted its stake in Meta Platforms by 17.4% during the 1st quarter. Ashton Thomas Securities LLC now owns 18,000 shares of the social networking company’s stock valued at $10,299,000 after purchasing an additional 2,670 shares during the period. WMS Group LLC bought a new stake in Meta Platforms during the 4th quarter valued at approximately $876,000. Czech National Bank grew its holdings in Meta Platforms by 4.9% in the 2nd quarter. Czech National Bank now owns 625,079 shares of the social networking company’s stock valued at $352,101,000 after buying an additional 29,411 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC grew its holdings in Meta Platforms by 2.5% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 118,460 shares of the social networking company’s stock valued at $78,195,000 after buying an additional 2,871 shares during the last quarter. Institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling

In related news, insider Curtis J. Mahoney sold 1,559 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $558.00, for a total transaction of $869,922.00. Following the completion of the transaction, the insider directly owned 1,957 shares in the company, valued at $1,092,006. This represents a 44.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan J. Li sold 9,196 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $550.61, for a total transaction of $5,063,409.56. Following the completion of the sale, the chief financial officer directly owned 13,186 shares of the company’s stock, valued at approximately $7,260,343.46. This trade represents a 41.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 61,581 shares of company stock valued at $37,512,295 in the last ninety days. Company insiders own 13.53% of the company’s stock.

Key Meta Platforms News

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

Positive Sentiment: Muse gains early consumer traction: Meta’s new AI agent reportedly reached No. 2 or No. 3 on the U.S. App Store shortly after its launch. Muse can interact with social platforms and outside services, while paid tiers priced at $20 and $100 per month create a potential new revenue stream beyond advertising. Meta’s AI agent Muse is now the No. 2 app in the US
Positive Sentiment: JPMorgan upgraded the stock: JPMorgan raised Meta to Overweight from Neutral and increased its price target to $820, citing meaningful growth potential from frontier AI models and agentic products. The upgrade helped reinforce the bullish view that Meta can diversify beyond advertising. JPMorgan upgrades Meta on AI models and agents
Positive Sentiment: AI infrastructure optionality: Analysts believe Meta’s large AI-compute investments could eventually support a cloud-computing or infrastructure business, adding an opportunity not currently reflected in the valuation. The company’s strong revenue growth and substantial cash resources support this investment thesis.
Positive Sentiment: Quarterly dividend declared: Meta announced a $0.525-per-share dividend payable September 28 to shareholders of record September 21. While the yield is modest, the payout signals confidence in ongoing cash generation.
Neutral Sentiment: Legal settlement viewed as manageable: Commentary suggests Meta’s potential $18 billion social-media-addiction settlement, spread over a decade, may have a limited impact on annual free cash flow. Resolving the litigation could also remove an overhang, but the headline liability remains material.
Negative Sentiment: Monetization and privacy concerns: Muse’s usefulness depends on access to users’ inboxes, accounts and payments, raising adoption and privacy questions. Analysts remain uncertain about conversion rates and near-term revenue.
Negative Sentiment: AI execution and regulatory risks: A prominent AI researcher is leaving Meta for Anthropic, while an internal effort to capture employee screens for AI training reportedly triggered resistance. Meta is also discussing possible teen social-media restrictions in South Korea, and TikTok rejected Meta advertisements urging participation in a child-safety settlement.

Analyst Upgrades and Downgrades

META has been the topic of a number of recent research reports. Wolfe Research reaffirmed an “outperform” rating and issued a $700.00 target price on shares of Meta Platforms in a research report on Thursday, July 30th. Raymond James Financial boosted their price objective on shares of Meta Platforms from $825.00 to $850.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 21st. Truist Financial cut their price objective on shares of Meta Platforms from $770.00 to $763.00 and set a “buy” rating on the stock in a report on Thursday, August 27th. Arete Research set a $735.00 target price on shares of Meta Platforms and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Finally, Wedbush reiterated a “neutral” rating on shares of Meta Platforms in a report on Friday. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $787.54.

Check Out Our Latest Analysis on META

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Meta Platforms

(Get Free Report)

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.