Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Buys 4,280 Shares of Meta Platforms, Inc. (NASDAQ:META)

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD lifted its stake in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 27.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,982 shares of the social networking company's stock after purchasing an additional 4,280 shares during the period. Meta Platforms makes up 2.7% of Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD's investment portfolio, making the stock its 6th largest holding. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD's holdings in Meta Platforms were worth $10,073,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in META. Quest Partners LLC acquired a new position in shares of Meta Platforms during the 4th quarter worth $32,000. Clear Investment Research LLC raised its position in Meta Platforms by 411.1% during the fourth quarter. Clear Investment Research LLC now owns 92 shares of the social networking company's stock worth $33,000 after acquiring an additional 74 shares during the last quarter. Delos Wealth Advisors LLC lifted its holdings in shares of Meta Platforms by 527.3% in the first quarter. Delos Wealth Advisors LLC now owns 69 shares of the social networking company's stock valued at $34,000 after purchasing an additional 58 shares in the last quarter. POM Investment Strategies LLC acquired a new stake in shares of Meta Platforms in the second quarter valued at approximately $38,000. Finally, Ruedi Wealth Management Inc. increased its stake in shares of Meta Platforms by 122.2% during the 2nd quarter. Ruedi Wealth Management Inc. now owns 80 shares of the social networking company's stock worth $40,000 after purchasing an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Meta Platforms Stock Up 0.3 %

Shares of NASDAQ:META traded up $1.44 during mid-day trading on Thursday, hitting $518.22. 8,311,325 shares of the company traded hands, compared to its average volume of 16,032,286. The firm's 50 day simple moving average is $504.32 and its 200 day simple moving average is $492.38. The firm has a market cap of $1.31 trillion, a P/E ratio of 29.77, a PEG ratio of 1.27 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.68 and a current ratio of 2.83. Meta Platforms, Inc. has a 52-week low of $279.40 and a 52-week high of $544.23.

Meta Platforms (NASDAQ:META - Get Free Report) last posted its earnings results on Wednesday, July 31st. The social networking company reported $5.16 EPS for the quarter, topping analysts' consensus estimates of $4.70 by $0.46. The business had revenue of $39.07 billion for the quarter, compared to analysts' expectations of $38.26 billion. Meta Platforms had a net margin of 34.34% and a return on equity of 34.16%. The business's revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.23 earnings per share. On average, equities analysts anticipate that Meta Platforms, Inc. will post 20.5 EPS for the current year.

Insider Buying and Selling at Meta Platforms

In other news, insider Jennifer Newstead sold 905 shares of Meta Platforms stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $477.00, for a total transaction of $431,685.00. Following the sale, the insider now directly owns 41,465 shares of the company's stock, valued at $19,778,805. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Peggy Alford sold 1,052 shares of the firm's stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $479.00, for a total transaction of $503,908.00. Following the completion of the sale, the director now owns 6,168 shares of the company's stock, valued at $2,954,472. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer Newstead sold 905 shares of the company's stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $477.00, for a total transaction of $431,685.00. Following the completion of the sale, the insider now directly owns 41,465 shares in the company, valued at $19,778,805. The disclosure for this sale can be found here. Insiders sold a total of 388,078 shares of company stock valued at $200,792,168 in the last ninety days. Insiders own 13.71% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on META. Citigroup upped their target price on Meta Platforms from $550.00 to $580.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Sanford C. Bernstein increased their price objective on Meta Platforms from $565.00 to $575.00 and gave the company an "outperform" rating in a research note on Monday, July 22nd. Truist Financial lifted their price objective on Meta Platforms from $535.00 to $570.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Meta Platforms from $525.00 to $585.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $570.00 price target on shares of Meta Platforms in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Meta Platforms presently has a consensus rating of "Moderate Buy" and an average price target of $574.41.

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.