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

Key Points

• Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD reduced its Meta stake by 4.9% in the second quarter, selling 1,630 shares and retaining 31,739 shares valued at approximately $17.88 million.
• Meta’s latest quarter showed 28% year-over-year revenue growth to $60.8 billion, but earnings per share of $6.18 missed analysts’ $7.19 estimate.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $785.22, while investor attention is focused on Meta’s AI models and their potential to drive future revenue growth.

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD lowered its stake in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) by 4.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,739 shares of the social networking company's stock after selling 1,630 shares during the period. Meta Platforms makes up 2.2% of Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD's portfolio, making the stock its 14th biggest position. 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 and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. RHL Group LLC acquired a new position in Meta Platforms during the fourth quarter valued at approximately $28,000. Strategic Wealth Advisors LLC acquired a new stake in Meta Platforms in the fourth quarter worth $29,000. Advantage Trust Co bought a new position in shares of Meta Platforms during the second quarter worth $28,000. Axiom Investment Management LLC bought a new position in shares of Meta Platforms during the first quarter worth $36,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Meta Platforms in the 4th quarter valued at $42,000. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Meta Platforms News Roundup

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

Meta Platforms Trading Up 1.0%

META opened at $616.77 on Friday. The stock 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. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.32. Meta Platforms, Inc. has a 12 month low of $520.26 and a 12 month high of $790.80. The firm's fifty day simple moving average is $596.16 and its 200 day simple moving average is $609.26.

Meta Platforms (NASDAQ:META - Get Free Report) last released its earnings results on Wednesday, July 29th. The social networking company reported $6.18 earnings per share (EPS) 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 quarter last year, the company posted $7.14 EPS. Meta Platforms's revenue for the quarter was up 28.0% on a year-over-year basis. As a group, research analysts anticipate that Meta Platforms, Inc. will post 28.17 EPS for the current fiscal year.

Insider Transactions at Meta Platforms

In related news, CTO Andrew Bosworth sold 7,848 shares of Meta Platforms stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $558.00, for a total value of $4,379,184.00. Following the sale, the chief technology officer owned 828 shares of the company's stock, valued at approximately $462,024. This trade represents a 90.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Susan Li sold 9,196 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $550.61, for a total value of $5,063,409.56. Following the completion of the sale, the chief financial officer owned 13,186 shares in the company, valued at $7,260,343.46. The trade was a 41.09% decrease in their position. 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 valued at $19,202,995 in the last ninety days. Corporate insiders own 13.53% of the company's stock.

Wall Street Analyst Weigh In

META has been the subject of a number of recent analyst reports. DA Davidson lowered their price objective on shares of Meta Platforms from $850.00 to $700.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. The Goldman Sachs Group decreased their target price on Meta Platforms from $815.00 to $725.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Needham & Company LLC restated a "hold" rating on shares of Meta Platforms in a report on Thursday, August 27th. Scotiabank reaffirmed a "sector perform" rating and set a $600.00 price target on shares of Meta Platforms in a research report on Thursday, July 30th. Finally, Rosenblatt Securities lifted their price objective on Meta Platforms from $883.00 to $886.00 and gave the company a "buy" rating in a report on Thursday, August 27th. Four investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $785.22.

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.

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