Veery Capital LLC Sells 31 Shares of Meta Platforms, Inc. $META

by · The Cerbat Gem

Veery Capital LLC trimmed its position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,203 shares of the social networking company’s stock after selling 31 shares during the period. Veery Capital LLC’s holdings in Meta Platforms were worth $888,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of META. Inlight Wealth Management LLC bought a new position in Meta Platforms during the first quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Meta Platforms in the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Meta Platforms in the first quarter worth $33,000. JCIC Asset Management Inc. boosted its holdings in shares of Meta Platforms by 102.6% in the first quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock worth $46,000 after acquiring an additional 40 shares during the period. Finally, Stuart Chaussee & Associates Inc. bought a new position in shares of Meta Platforms in the fourth quarter worth $47,000. 79.91% of the stock is owned by institutional investors.

Insider Transactions at Meta Platforms

In other Meta Platforms news, CTO Andrew Bosworth sold 11,694 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $775.00, for a total transaction of $9,062,850.00. Following the sale, the chief technology officer owned 1,799 shares in the company, valued at $1,394,225. This trade represents a 86.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jennifer Newstead sold 519 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $757.50, for a total value of $393,142.50. Following the sale, the insider owned 31,389 shares in the company, valued at $23,777,167.50. The trade was a 1.63% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 268,505 shares of company stock worth $203,749,711. Company insiders own 13.61% of the company’s stock.

Meta Platforms Price Performance

NASDAQ:META opened at $755.59 on Monday. The firm has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 27.36, a P/E/G ratio of 1.56 and a beta of 1.24. Meta Platforms, Inc. has a 52-week low of $479.80 and a 52-week high of $796.25. The stock has a fifty day moving average of $741.83 and a 200 day moving average of $661.86. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.97 and a current ratio of 1.97.

Meta Platforms (NASDAQ:META – Get Free Report) last released 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. Meta Platforms had a return on equity of 39.33% and a net margin of 39.99%.The business had revenue of $47.52 billion for the quarter, compared to the consensus estimate of $44.55 billion. During the same quarter last year, the business posted $5.16 earnings per share. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, research analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 22nd will be given a dividend of $0.525 per share. The ex-dividend date is Monday, September 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 0.3%. Meta Platforms’s dividend payout ratio (DPR) is presently 7.60%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Morgan Stanley raised their price target on Meta Platforms from $750.00 to $850.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. BMO Capital Markets raised their price target on Meta Platforms from $610.00 to $710.00 and gave the stock a “market perform” rating in a report on Thursday, July 31st. Benchmark raised their price target on Meta Platforms from $800.00 to $890.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Zacks Research lowered Meta Platforms from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $920.00 price target on shares of Meta Platforms in a report on Wednesday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $822.41.

View Our Latest Analysis on Meta Platforms

Meta Platforms Profile

(Free Report)

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.

Further Reading

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