Amica Mutual Insurance Co. Has $29.03 Million Holdings in Meta Platforms, Inc. $META

Amica Mutual Insurance Co. trimmed its stake in shares of Meta Platforms, Inc. (NASDAQ:META) by 11.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,332 shares of the social networking company’s stock after selling 5,098 shares during the quarter. Meta Platforms accounts for 2.8% of Amica Mutual Insurance Co.’s portfolio, making the stock its 6th largest holding. Amica Mutual Insurance Co.’s holdings in Meta Platforms were worth $29,031,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Evergreen Private Wealth LLC raised its stake in Meta Platforms by 237.5% during the second quarter. Evergreen Private Wealth LLC now owns 54 shares of the social networking company’s stock worth $40,000 after acquiring an additional 38 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Meta Platforms in the 1st quarter worth about $33,000. Briaud Financial Planning Inc acquired a new stake in shares of Meta Platforms during the 2nd quarter worth about $42,000. WFA Asset Management Corp lifted its holdings in Meta Platforms by 42.6% during the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock valued at $49,000 after purchasing an additional 20 shares during the last quarter. Finally, Maseco LLP acquired a new position in Meta Platforms in the second quarter valued at about $54,000. 79.91% of the stock is owned by institutional investors and hedge funds.

Meta Platforms Trading Down 1.2%

META opened at $590.32 on Thursday. The firm has a 50 day simple moving average of $704.12 and a 200 day simple moving average of $705.68. Meta Platforms, Inc. has a fifty-two week low of $479.80 and a fifty-two week high of $796.25. The company has a market cap of $1.49 trillion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 1.25 and a beta of 1.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.98.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, October 29th. The social networking company reported $7.25 EPS for the quarter, topping analysts’ consensus estimates of $6.74 by $0.51. The firm had revenue of $51.24 billion during the quarter, compared to analyst estimates of $49.34 billion. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.03 EPS. Meta Platforms has set its Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 22nd were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio is currently 9.28%.

Analysts Set New Price Targets

Several analysts have recently weighed in on META shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a $900.00 price objective on shares of Meta Platforms in a report on Thursday, October 30th. Raymond James Financial restated a “strong-buy” rating and set a $825.00 price target (down from $900.00) on shares of Meta Platforms in a research report on Thursday, October 30th. TD Cowen dropped their price target on Meta Platforms from $875.00 to $810.00 and set a “buy” rating for the company in a report on Thursday, October 30th. UBS Group boosted their price objective on Meta Platforms from $900.00 to $915.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Finally, Scotiabank increased their target price on Meta Platforms from $675.00 to $685.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $825.05.

Insiders Place Their Bets

In other Meta Platforms news, CFO Susan J. Li sold 6,875 shares of the firm’s stock in a transaction dated Saturday, November 15th. The stock was sold at an average price of $609.46, for a total transaction of $4,190,037.50. Following the transaction, the chief financial officer owned 88,370 shares in the company, valued at approximately $53,857,980.20. This trade represents a 7.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer Newstead sold 516 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $631.00, for a total value of $325,596.00. Following the completion of the sale, the insider directly owned 26,721 shares of the company’s stock, valued at approximately $16,860,951. This trade represents a 1.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 29,024 shares of company stock valued at $19,233,987 in the last ninety days. 13.61% of the stock is currently owned by insiders.

Meta Platforms Company Profile

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.