Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD Has $52.75 Million Stock Position in Meta Platforms, Inc. $META

Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD reduced its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 4.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 93,642 shares of the social networking company’s stock after selling 4,837 shares during the quarter. Meta Platforms makes up about 2.2% of Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD’s portfolio, making the stock its 13th largest position. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD’s holdings in Meta Platforms were worth $52,748,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. RHL Group LLC bought a new stake in shares of Meta Platforms during the fourth quarter worth approximately $28,000. Advantage Trust Co bought a new position in Meta Platforms in the second quarter valued at approximately $28,000. Strategic Wealth Advisors LLC bought a new position in Meta Platforms in the fourth quarter valued at approximately $29,000. Niles Investment Management LLC acquired a new stake in Meta Platforms during the 4th quarter worth $29,000. Finally, Axiom Investment Management LLC acquired a new stake in Meta Platforms during the 1st quarter worth $36,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms Trading Up 1.0%

META opened at $616.77 on Friday. The firm’s fifty day moving average is $596.16 and its two-hundred day moving average is $609.26. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.23 and a current ratio of 2.23. The firm has a market cap of $1.57 trillion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 1.07 and a beta of 1.25. Meta Platforms, Inc. has a twelve month low of $520.26 and a twelve month high of $790.80.

Meta Platforms (NASDAQ:META) last announced its quarterly earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share for the quarter, missing analysts’ consensus estimates of $7.19 by ($1.01). Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.The firm 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 earned $7.14 earnings per share. The company’s revenue for the quarter was up 28.0% compared to the same quarter last year. Equities research analysts anticipate that Meta Platforms, Inc. will post 28.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on META shares. Arete Research set a $735.00 price target on Meta Platforms and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Susquehanna decreased their price objective on Meta Platforms from $900.00 to $650.00 and set a “positive” rating for the company in a research note on Thursday, July 30th. UBS Group decreased their price objective on Meta Platforms from $766.00 to $715.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Raymond James Financial upped their price objective on Meta Platforms from $825.00 to $850.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 21st. Finally, Scotiabank reissued a “sector perform” rating and issued a $600.00 target price on shares of Meta Platforms in a research note on Thursday, July 30th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $785.22.

More Meta Platforms News

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

Insider Buying and Selling at Meta Platforms

In other Meta Platforms news, insider Curtis Mahoney sold 1,559 shares of Meta Platforms stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $558.00, for a total transaction of $869,922.00. Following the transaction, the insider directly owned 1,957 shares in the company, valued at approximately $1,092,006. The trade was a 44.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 1,258 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $600.00, for a total value of $754,800.00. Following the completion of the transaction, the chief operating officer directly owned 1,517 shares of the company’s stock, valued at approximately $910,200. The trade was a 45.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 worth $19,202,995 in the last three months. 13.53% of the stock is owned by insiders.

Meta Platforms Company Profile

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.