Nearwater Capital Markets Ltd Has $120.46 Million Stock Position in Meta Platforms, Inc. $META

Key Points

• Nearwater Capital Markets Ltd increased its holdings in Meta Platforms by 102.9% in Q1, now owning 209,000 shares valued at approximately $120.5 million, making Meta its 6th biggest holding.
• Several large investors significantly added to their stakes in Meta Platforms, with GAMMA Investing LLC raising its holdings by an unprecedented 67,172.9%, now holding shares valued at $13.5 billion.
• Wall Street analysts are optimistic about Meta, with price targets raised significantly, including BMO Capital Markets setting a target at $710 and Cantor Fitzgerald at $920, indicating widespread confidence in the stock's potential growth.

Nearwater Capital Markets Ltd increased its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 102.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 209,000 shares of the social networking company's stock after buying an additional 106,000 shares during the quarter. Meta Platforms accounts for about 3.4% of Nearwater Capital Markets Ltd's investment portfolio, making the stock its 6th largest position. Nearwater Capital Markets Ltd's holdings in Meta Platforms were worth $120,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of Meta Platforms by 67,172.9% in the 1st quarter. GAMMA Investing LLC now owns 23,452,665 shares of the social networking company's stock worth $13,517,178,000 after acquiring an additional 23,417,803 shares in the last quarter. Nuveen LLC acquired a new position in shares of Meta Platforms in the 1st quarter worth approximately $2,990,544,000. Assenagon Asset Management S.A. boosted its holdings in shares of Meta Platforms by 712.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,537,631 shares of the social networking company's stock worth $1,462,589,000 after acquiring an additional 2,225,186 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Meta Platforms in the 4th quarter worth approximately $1,162,918,000. Finally, Amundi boosted its holdings in shares of Meta Platforms by 23.5% in the 1st quarter. Amundi now owns 7,733,061 shares of the social networking company's stock worth $4,111,050,000 after acquiring an additional 1,470,070 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Guggenheim reissued a "buy" rating and issued a $800.00 target price (up from $725.00) on shares of Meta Platforms in a report on Monday, July 28th. TD Cowen boosted their target price on Meta Platforms from $800.00 to $875.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Citizens Jmp upped their price objective on Meta Platforms from $750.00 to $900.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Canaccord Genuity Group upped their price objective on Meta Platforms from $825.00 to $850.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Finally, Scotiabank upped their price objective on Meta Platforms from $675.00 to $685.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Three 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $822.41.

Meta Platforms Trading Up 0.5%

Shares of META stock traded up $3.80 during trading hours on Friday, reaching $752.45. The company had a trading volume of 9,655,823 shares, compared to its average volume of 9,390,477. The company has a 50 day moving average of $738.39 and a 200 day moving average of $659.06. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market cap of $1.89 trillion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 1.55 and a beta of 1.24. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The social networking company reported $7.14 EPS for the quarter, beating analysts' consensus estimates of $5.75 by $1.39. Meta Platforms had a net margin of 39.99% and a return on equity of 39.33%. The business 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 firm's quarterly revenue was up 21.6% on a year-over-year basis. Meta Platforms has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 EPS for the current year.

Insiders Place Their Bets

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $726.25, for a total transaction of $375,471.25. Following the completion of the transaction, the chief operating officer owned 12,094 shares in the company, valued at approximately $8,783,267.50. This represents a 4.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert M. Kimmitt sold 465 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $784.32, for a total value of $364,708.80. Following the transaction, the director owned 8,877 shares of the company's stock, valued at approximately $6,962,408.64. This trade represents a 4.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 312,341 shares of company stock worth $234,443,690 over the last 90 days. 13.61% of the stock is currently owned by corporate insiders.

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.