Meta Platforms, Inc. (NASDAQ:META) Shares Sold by Yahav Achim Ve Achayot Provident Funds Management Co Ltd.

Yahav Achim Ve Achayot Provident Funds Management Co Ltd. decreased its position in Meta Platforms, Inc. (NASDAQ:META) by 49.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,764 shares of the social networking company’s stock after selling 1,756 shares during the period. Meta Platforms comprises about 4.1% of Yahav Achim Ve Achayot Provident Funds Management Co Ltd.’s investment portfolio, making the stock its 10th biggest holding. Yahav Achim Ve Achayot Provident Funds Management Co Ltd.’s holdings in Meta Platforms were worth $1,016,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC acquired a new stake in shares of Meta Platforms during the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Meta Platforms during the 1st quarter valued at $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Meta Platforms during the 1st quarter valued at $33,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Meta Platforms during the 4th quarter valued at $45,000. Finally, JCIC Asset Management Inc. raised its holdings in shares of Meta Platforms by 102.6% during the 1st quarter. JCIC Asset Management Inc. now owns 79 shares of the social networking company’s stock valued at $46,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Price Performance

META opened at $765.87 on Tuesday. Meta Platforms, Inc. has a 12-month low of $479.80 and a 12-month high of $784.75. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.15. The business’s fifty day simple moving average is $716.43 and its 200-day simple moving average is $652.13. The company has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 27.73, a PEG ratio of 1.60 and a beta of 1.27.

Meta Platforms (NASDAQ:META) last released its quarterly earnings results 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 return on equity of 39.33% and a net margin of 39.99%. The company had revenue of $47.52 billion during the quarter, compared to analysts’ expectations of $44.55 billion. During the same period last year, the business posted $5.16 earnings per share. The firm’s revenue was up 21.6% compared to the same quarter last year. On average, equities research analysts anticipate that Meta Platforms, Inc. will post 26.7 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Monday, June 16th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, June 16th. Meta Platforms’s dividend payout ratio (DPR) is 7.60%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on META shares. HSBC upgraded shares of Meta Platforms from a “hold” rating to a “buy” rating and raised their price target for the company from $610.00 to $900.00 in a report on Thursday, July 31st. Moffett Nathanson raised their price target on shares of Meta Platforms from $525.00 to $605.00 and gave the company a “buy” rating in a report on Thursday, May 1st. JMP Securities raised their price target on shares of Meta Platforms from $750.00 to $900.00 and gave the company a “market outperform” rating in a report on Thursday, July 31st. Loop Capital restated a “buy” rating and set a $980.00 price target (up previously from $888.00) on shares of Meta Platforms in a report on Tuesday, August 5th. Finally, Cantor Fitzgerald raised their price target on shares of Meta Platforms from $828.00 to $920.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Four investment analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Meta Platforms has a consensus rating of “Moderate Buy” and a consensus target price of $822.41.

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 517 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $760.26, for a total value of $393,054.42. Following the sale, the chief operating officer directly owned 5,268 shares of the company’s stock, valued at approximately $4,005,049.68. This trade represents a 8.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark Zuckerberg sold 15,847 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $765.11, for a total value of $12,124,698.17. The disclosure for this sale can be found here. Insiders sold 289,356 shares of company stock valued at $211,138,344 in the last three months. 13.61% of the stock is currently owned by insiders.

About Meta Platforms

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.