State Farm Mutual Automobile Insurance Co. Has $1.10 Billion Stock Holdings in Meta Platforms, Inc. $META

State Farm Mutual Automobile Insurance Co. trimmed its holdings in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 0.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,909,500 shares of the social networking company's stock after selling 14,025 shares during the quarter. State Farm Mutual Automobile Insurance Co. owned 0.08% of Meta Platforms worth $1,100,559,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of META. Price T Rowe Associates Inc. MD raised its holdings in Meta Platforms by 2.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 42,317,434 shares of the social networking company's stock worth $24,777,282,000 after acquiring an additional 1,049,121 shares during the period. GAMMA Investing LLC increased its position in shares of Meta Platforms by 67,172.9% during the first quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock worth $13,517,178,000 after acquiring an additional 23,417,803 shares in the last quarter. Northern Trust Corp grew its position in shares of Meta Platforms by 13.5% in the 4th quarter. Northern Trust Corp now owns 23,445,565 shares of the social networking company's stock valued at $13,727,613,000 after acquiring an additional 2,787,832 shares during the period. Invesco Ltd. raised its stake in Meta Platforms by 2.3% in the 1st quarter. Invesco Ltd. now owns 17,669,795 shares of the social networking company's stock worth $10,184,163,000 after purchasing an additional 400,927 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Meta Platforms by 8.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,575,962 shares of the social networking company's stock valued at $8,977,361,000 after purchasing an additional 1,255,546 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Stock Down 1.3%

Shares of NASDAQ META traded down $9.5140 during midday trading on Thursday, hitting $738.2060. 3,854,199 shares of the company's stock were exchanged, compared to its average volume of 15,226,513. The firm's fifty day simple moving average is $727.95 and its 200-day simple moving average is $657.05. The company has a market cap of $1.85 trillion, a PE ratio of 26.71, a P/E/G ratio of 1.56 and a beta of 1.27. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. Meta Platforms, Inc. has a twelve month low of $479.80 and a twelve month high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. The firm had revenue of $47.52 billion for 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%.The company's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period in the previous year, the business earned $5.16 earnings per share. Meta Platforms has set its Q3 2025 guidance at EPS. Research analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, June 16th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, June 16th. Meta Platforms's payout ratio is 7.60%.

Insider Buying and Selling

In other news, COO Javier Olivan sold 517 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $400,675.00. Following the sale, the chief operating officer directly owned 13,128 shares in the company, valued at approximately $10,174,200. This represents a 3.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer Newstead sold 519 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $775.00, for a total value of $402,225.00. Following the completion of the transaction, the insider directly owned 32,946 shares of the company's stock, valued at $25,533,150. This trade represents a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 313,803 shares of company stock valued at $235,276,424. 13.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on META. Susquehanna reduced their price target on shares of Meta Platforms from $800.00 to $700.00 and set a "positive" rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus lifted their price target on Meta Platforms from $845.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Benchmark boosted their price objective on Meta Platforms from $800.00 to $890.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Scotiabank upped their price objective on Meta Platforms from $675.00 to $685.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Finally, Citigroup reissued an "outperform" rating on shares of Meta Platforms in a research report on Thursday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Meta Platforms currently has an average rating of "Moderate Buy" and an average price target of $822.41.

About Meta Platforms

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.