Windmill Hill Asset Management Ltd buys shares in 405 Meta Platforms, Inc. (NASDAQ:META)

Windmill Hill Asset Management Ltd purchased a new position in shares of Meta Platforms, Inc. (NASDAQ:META – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm acquired 405 shares of the social networking company’s stock, valued at approximately $204,000. Meta Platforms makes up about 0.1% of Windmill Hill Asset Management Ltd’s portfolio, making the stock its 27th biggest holding.

A number of other hedge funds and other institutional investors have recently modified their holdings of the company. Quest Partners LLC purchased a new stake in shares of Meta Platforms during the fourth quarter valued at approximately $32,000. Clear Investment Research LLC raised its holdings in Meta Platforms by 411.1% in the fourth quarter. Clear Investment Research LLC now owns 92 shares of the social networking company’s stock worth $33,000 after purchasing an additional 74 shares during the period. Delos Wealth Advisors LLC boosted its stake in Meta Platforms by 527.3% in the first quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company’s stock valued at $34,000 after purchasing an additional 58 shares in the last quarter. Ruedi Wealth Management Inc. boosted its holdings in shares of Meta Platforms by 122.2% during the second quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company’s stock valued at $40,000 after purchasing an additional 44 shares during the period. Finally, Richardson Financial Services Inc. boosted its position in shares of Meta Platforms by 95.6% in the first quarter. Richardson Financial Services Inc. now owns 88 shares of the social networking company’s stock worth $41,000 after buying an additional 43 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s shares.

Performance of meta platform stocks

Shares of META opened at $527.42 on Friday. Meta Platforms, Inc. has a 1 year low of $274.38 and a 1 year high of $542.81. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.83, and a quick ratio of 2.68. The stock’s fifty day moving average price is $500.48 and its two hundred day moving average price is $487.20. The firm has a market cap of $1.34 trillion, a PE ratio of 30.29, a PEG ratio of 1.27 and a beta of 1.21.

Meta Platforms (NASDAQ:META – Get Free Report ) last announced its quarterly earnings data on Wednesday, July 31st. The social media company reported $5.16 earnings per share for the quarter, topping the consensus estimate of $4.70 by $0.46. The company had revenue of $39.07 billion during the quarter, compared to analyst estimates of $38.26 billion. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The company’s revenue for the quarter was up 22.1% year-over-year. In the same quarter last year, the firm posted EPS of $3.23. On average, equities research analysts forecast that Meta Platforms, Inc. will post 20.5 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Friday, June 14th were paid a dividend of $0.50 per share. This represents a dividend of $2.00 on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Friday, June 14. Meta Platforms’ payout ratio is currently 11.49%.

Insider buying and selling

In other news, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $467.57, for a total value of $423,150.85. Following the completion of the transaction, the insider now directly owns 43,275 shares in the company, valued at $20,234,091.75. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. In related news, COO Javier Olivan sold 412 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $463.00, for a total transaction of $190,756.00. Following the sale, the chief operating officer now owns 5,559 shares of the company’s stock, valued at approximately $2,573,817. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible via this hyperlink. Also, insider Jennifer Newstead sold 905 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $467.57, for a total transaction of $423,150.85. Following the completion of the transaction, the insider now directly owns 43,275 shares of the company’s stock, valued at $20,234,091.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 349,174 shares of company stock worth $175,146,777. Company insiders own 13.71% of the company’s shares.

Analyst upgrades and downgrades

Several equities research analysts have recently commented on META shares. BNP Paribas initiated coverage on Meta Platforms in a report on Thursday, May 2nd. They set an “underperform” rating and a $360.00 price objective for the company. Wedbush restated an “outperform” rating and set a $570.00 target price on shares of Meta Platforms in a research note on Wednesday, July 24th. Robert W. Baird boosted their price objective on shares of Meta Platforms from $500.00 to $530.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Wolfe Research assumed coverage on shares of Meta Platforms in a report on Tuesday, July 16th. They set an “outperform” rating and a $620.00 price objective for the company. Finally, Piper Sandler boosted their target price on shares of Meta Platforms from $545.00 to $575.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Moderate Buy” and a consensus price target of $574.41, according to MarketBeat.

Read the latest stock analysis on META

Platform meta profile

(Free Report)

Meta Platforms, Inc is committed to developing products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets and wearables around the world. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which allows people to share, chat, discover and connect with interests; Instagram, a community for sharing photos, videos and private messages, as well as feeds, stories, movies, videos, live and shops; Messenger, a messaging app for people to connect with friends, family, communities and businesses across platforms and devices through text, audio and video calls; and WhatsApp, a messaging app that is used by people and businesses to communicate and transact privately.

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