Von Berge Wealth Management Group LLC Sells 300 Shares of Meta Platforms, Inc. $META

Von Berge Wealth Management Group LLC decreased its holdings in shares of Meta Platforms, Inc. (NASDAQ:META) by 5.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 5,446 shares of the social networking company’s stock after selling 300 shares during the period. Meta Platforms makes up 2.2% of Von Berge Wealth Management Group LLC’s holdings, making the stock its 15th largest position. Von Berge Wealth Management Group LLC’s holdings in Meta Platforms were worth $3,839,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Summit Place Financial Advisors LLC bought a new stake in shares of Meta Platforms during the 2nd quarter valued at $205,000. Williams & Novak LLC grew its holdings in shares of Meta Platforms by 8.9% in the 2nd quarter. Williams & Novak LLC now owns 939 shares of the social networking company’s stock valued at $693,000 after buying an additional 77 shares during the period. Aberdeen Group plc grew its holdings in shares of Meta Platforms by 7.1% in the 2nd quarter. Aberdeen Group plc now owns 1,731,475 shares of the social networking company’s stock valued at $1,278,071,000 after buying an additional 115,378 shares during the period. Bryant Woods Investment Advisors LLC acquired a new position in shares of Meta Platforms in the 2nd quarter valued at $227,000. Finally, Zullo Investment Group Inc. grew its holdings in shares of Meta Platforms by 2.6% in the 2nd quarter. Zullo Investment Group Inc. now owns 13,423 shares of the social networking company’s stock valued at $9,908,000 after buying an additional 339 shares during the period. Institutional investors own 79.91% of the company’s stock.

Insider Buying and Selling at Meta Platforms

In other news, CEO Mark Zuckerberg sold 15,847 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $769.38, for a total transaction of $12,192,364.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Andrew Bosworth sold 11,694 shares of the 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 transaction, the chief technology officer owned 1,799 shares of the company’s stock, valued at approximately $1,394,225. This represents a 86.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 213,665 shares of company stock valued at $164,568,109. Corporate insiders own 13.61% of the company’s stock.

Meta Platforms Price Performance

META stock opened at $716.91 on Monday. The stock has a 50-day moving average price of $746.75 and a two-hundred day moving average price of $684.78. The stock has a market cap of $1.80 trillion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.50 and a beta of 1.20. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. Meta Platforms, Inc. has a 1 year low of $479.80 and a 1 year high of $796.25.

Meta Platforms (NASDAQ:META) last released its earnings results on Wednesday, July 30th. The social networking company reported $7.14 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $47.52 billion during the quarter, compared to analysts’ expectations of $44.55 billion. During the same quarter in the prior year, the company earned $5.16 EPS. The company’s revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. Equities analysts forecast that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 22nd. Meta Platforms’s dividend payout ratio is currently 7.60%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Scotiabank boosted their price target on shares of Meta Platforms from $675.00 to $685.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. UBS Group boosted their price target on shares of Meta Platforms from $897.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, October 9th. The Goldman Sachs Group reissued a “buy” rating on shares of Meta Platforms in a report on Tuesday, October 14th. Roth Capital boosted their price target on shares of Meta Platforms from $620.00 to $740.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Finally, Monness Crespi & Hardt boosted their price target on shares of Meta Platforms from $780.00 to $860.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Four 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $830.68.

Meta Platforms 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.