Hel Ved Capital Management Ltd Makes New Investment in Meta Platforms, Inc. $META

Hel Ved Capital Management Ltd bought a new position in shares of Meta Platforms, Inc. (NASDAQ:META) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,840 shares of the social networking company’s stock, valued at approximately $5,049,000. Meta Platforms accounts for approximately 1.3% of Hel Ved Capital Management Ltd’s investment portfolio, making the stock its 16th largest holding.

A number of other large investors also recently modified their holdings of the business. 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 during the period. Briaud Financial Planning Inc bought a new position in shares of Meta Platforms during the second quarter valued at approximately $42,000. WFA Asset Management Corp raised its position in shares of Meta Platforms by 42.6% during the 2nd quarter. WFA Asset Management Corp now owns 67 shares of the social networking company’s stock worth $49,000 after purchasing an additional 20 shares during the period. Maseco LLP acquired a new stake in shares of Meta Platforms during the 2nd quarter worth approximately $54,000. Finally, eCIO Inc. bought a new stake in shares of Meta Platforms in the 1st quarter worth approximately $58,000. 79.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. The Goldman Sachs Group restated a “buy” rating on shares of Meta Platforms in a research note on Tuesday, October 14th. Bank of America lowered their price target on shares of Meta Platforms from $900.00 to $810.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Benchmark downgraded shares of Meta Platforms from a “buy” rating to a “hold” rating in a research report on Thursday, October 30th. Rosenblatt Securities boosted their target price on shares of Meta Platforms from $1,086.00 to $1,117.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Needham & Company LLC restated a “hold” rating on shares of Meta Platforms in a research note on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $819.43.

Insiders Place Their Bets

In related news, COO Javier Olivan sold 517 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $639.03, for a total transaction of $330,378.51. Following the completion of the transaction, the chief operating officer owned 14,268 shares of the company’s stock, valued at $9,117,680.04. This trade represents a 3.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert M. Kimmitt sold 600 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $609.35, for a total transaction of $365,610.00. Following the completion of the sale, the director owned 7,347 shares in the company, valued at approximately $4,476,894.45. This trade represents a 7.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 41,959 shares of company stock valued at $26,671,107. 13.61% of the stock is currently owned by insiders.

Meta Platforms Stock Up 3.4%

Meta Platforms stock opened at $661.53 on Friday. Meta Platforms, Inc. has a 52 week low of $479.80 and a 52 week high of $796.25. The stock has a market cap of $1.67 trillion, a price-to-earnings ratio of 29.22, a PEG ratio of 1.34 and a beta of 1.28. The company’s 50-day moving average price is $674.56 and its two-hundred day moving average price is $705.81. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.15.

Meta Platforms (NASDAQ:META) last posted its quarterly earnings data on Wednesday, October 29th. The social networking company reported $7.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.74 by $0.51. Meta Platforms had a net margin of 30.89% and a return on equity of 39.35%. The business had revenue of $51.24 billion during the quarter, compared to analysts’ expectations of $49.34 billion. During the same period last year, the firm posted $6.03 earnings per share. The business’s revenue was up 26.2% on a year-over-year basis. On average, analysts expect that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Monday, December 15th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, December 15th. Meta Platforms’s payout ratio is currently 9.28%.

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.