Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Has $17.88 Million Stock Holdings in Meta Platforms, Inc. $META

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD trimmed its stake in Meta Platforms, Inc. (NASDAQ:META) by 4.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,739 shares of the social networking company’s stock after selling 1,630 shares during the quarter. Meta Platforms makes up about 2.2% of Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s portfolio, making the stock its 14th biggest holding. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s holdings in Meta Platforms were worth $17,878,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. RHL Group LLC bought a new position in shares of Meta Platforms in the fourth quarter valued at $28,000. Advantage Trust Co bought a new stake in Meta Platforms during the second quarter worth $28,000. Strategic Wealth Advisors LLC bought a new stake in Meta Platforms during the fourth quarter worth $29,000. Niles Investment Management LLC acquired a new stake in Meta Platforms in the fourth quarter valued at $29,000. Finally, Axiom Investment Management LLC acquired a new stake in Meta Platforms in the first quarter valued at $36,000. Institutional investors and hedge funds own 79.91% of the company’s stock.

Analyst Ratings Changes

META has been the subject of several recent analyst reports. Guggenheim reiterated a “buy” rating and issued a $800.00 target price on shares of Meta Platforms in a research note on Tuesday, July 28th. Royal Bank Of Canada restated an “outperform” rating and issued a $810.00 price objective on shares of Meta Platforms in a research note on Monday, June 1st. Piper Sandler reaffirmed an “overweight” rating and issued a $785.00 price objective (down from $800.00) on shares of Meta Platforms in a research report on Thursday, July 30th. Bank of America reduced their target price on Meta Platforms from $835.00 to $810.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, UBS Group decreased their target price on Meta Platforms from $766.00 to $715.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $785.22.

Meta Platforms Stock Performance

NASDAQ META opened at $616.77 on Friday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $1.57 trillion, a P/E ratio of 23.23, a P/E/G ratio of 1.07 and a beta of 1.25. Meta Platforms, Inc. has a 12-month low of $520.26 and a 12-month high of $790.80. The firm has a 50-day moving average price of $596.16 and a two-hundred day moving average price of $609.26.

Meta Platforms (NASDAQ:META) last announced its earnings results on Wednesday, July 29th. The social networking company reported $6.18 EPS for the quarter, missing the consensus estimate of $7.19 by ($1.01). Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.The business had revenue of $60.80 billion for the quarter, compared to the consensus estimate of $60.22 billion. During the same period in the prior year, the business posted $7.14 earnings per share. The firm’s revenue for the quarter was up 28.0% compared to the same quarter last year. Analysts anticipate that Meta Platforms, Inc. will post 28.17 earnings per share for the current year.

Insider Buying and Selling at Meta Platforms

In other news, CFO Susan J. Li sold 9,196 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $550.61, for a total transaction of $5,063,409.56. Following the completion of the sale, the chief financial officer directly owned 13,186 shares in the company, valued at approximately $7,260,343.46. This represents a 41.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Curtis J. Mahoney sold 1,559 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $558.00, for a total value of $869,922.00. Following the sale, the insider directly owned 1,957 shares in the company, valued at approximately $1,092,006. This trade represents a 44.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 32,987 shares of company stock valued at $19,202,995 over the last ninety days. 13.53% of the stock is owned by corporate insiders.

Meta Platforms News Summary

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Meta opened paid developer access to Muse Spark 1.3, with company executives and analysts claiming the model is approaching or matching offerings from Anthropic and OpenAI. Improved performance and token efficiency could support adoption in coding agents, model APIs, subscriptions and future generative-search advertising. Meta Platforms: Muse Spark 1.3 Was The Warning Shot
• Positive Sentiment: Recent coverage identifies Muse Spark 1.3 as a new catalyst that could improve confidence in Meta’s AI roadmap and help the company recover toward its prior highs, provided the technology translates into revenue and returns on investment. Meta Rises 4% as Muse Spark 1.3 Claims Parity with Anthropic and OpenAI
• Positive Sentiment: Some investment commentary views Meta as a major beneficiary of the ongoing AI infrastructure and computing cycle, alongside other hyperscalers, potentially creating a long-term growth opportunity. Hyperscalers Are the Backbone of AI

About Meta Platforms

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.