Headwater Capital Co Ltd Invests $22.25 Million in Meta Platforms, Inc. (NASDAQ:META)

Headwater Capital Co Ltd acquired a new position in Meta Platforms, Inc. (NASDAQ:META) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 38,000 shares of the social networking company’s stock, valued at approximately $22,249,000. Meta Platforms accounts for approximately 11.9% of Headwater Capital Co Ltd’s investment portfolio, making the stock its 3rd largest position.

A number of other institutional investors have also made changes to their positions in the business. JDM Financial Group LLC bought a new position in Meta Platforms during the third quarter valued at about $30,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Meta Platforms in the 3rd quarter valued at approximately $36,000. Avondale Wealth Management bought a new stake in shares of Meta Platforms in the 4th quarter valued at approximately $41,000. Halpern Financial Inc. bought a new stake in shares of Meta Platforms in the 3rd quarter valued at approximately $46,000. Finally, West Financial Advisors LLC bought a new stake in shares of Meta Platforms in the 3rd quarter valued at approximately $49,000. 79.91% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Javier Olivan sold 413 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $574.16, for a total value of $237,128.08. Following the sale, the chief operating officer now owns 10,707 shares of the company’s stock, valued at approximately $6,147,531.12. This represents a 3.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jennifer Newstead sold 905 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $589.97, for a total transaction of $533,922.85. Following the completion of the sale, the insider now directly owns 33,292 shares in the company, valued at approximately $19,641,281.24. This represents a 2.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 411,357 shares of company stock valued at $249,545,428 over the last three months. Insiders own 13.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on META. Needham & Company LLC reissued an “underperform” rating on shares of Meta Platforms in a report on Thursday, October 31st. Truist Financial increased their price target on Meta Platforms from $650.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Wedbush upped their price objective on shares of Meta Platforms from $640.00 to $680.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Jefferies Financial Group upped their price objective on shares of Meta Platforms from $675.00 to $715.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company lowered their price objective on shares of Meta Platforms from $652.00 to $641.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $646.90.

Meta Platforms Trading Up 0.8 %

Shares of META opened at $615.86 on Monday. The firm has a fifty day simple moving average of $593.63 and a two-hundred day simple moving average of $553.55. The stock has a market capitalization of $1.55 trillion, a P/E ratio of 29.01, a PEG ratio of 1.36 and a beta of 1.19. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. Meta Platforms, Inc. has a twelve month low of $358.61 and a twelve month high of $638.40.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, October 30th. The social networking company reported $6.03 EPS for the quarter, topping the consensus estimate of $5.19 by $0.84. The business had revenue of $40.59 billion for the quarter, compared to analyst estimates of $40.21 billion. Meta Platforms had a net margin of 35.55% and a return on equity of 35.60%. On average, research analysts anticipate that Meta Platforms, Inc. will post 22.68 EPS for the current year.

Meta Platforms Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were paid a $0.50 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.32%. Meta Platforms’s dividend payout ratio is presently 9.42%.

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.