Jim Cramer Says You Should Sell These 5 Stocks

1. Meta Platforms, Inc. (NASDAQ:FB)

Number of Hedge Fund Holders: 224   

Meta Platforms, Inc. (NASDAQ:FB) is a diversified technology company. Cramer gave the stock a Sell rating during the Discussed Stock segment of his show on April 11. Cramer was of the opinion that in the present economic environment, it was wise to forget FAANG stocks and focus on value-oriented plays. 

On April 14, MKM Partners analyst Rohit Kulkarni maintained a Buy rating on Meta Platforms, Inc. (NASDAQ:FB) stock and lowered the price target to $315 from $365, urging “caution on the macro-exposed online advertising sector given the direct impact of Russia-Ukraine war”.

At the end of the fourth quarter of 2021, 224 hedge funds in the database of Insider Monkey held stakes worth $31.8 billion in Meta Platforms, Inc. (NASDAQ:FB), compared to 248 in the preceding quarter worth $38.5 billion. 

In its Q4 2021 investor letter, Boyar Value Group, an asset management firm, highlighted a few stocks and Meta Platforms, Inc. (NASDAQ:FB) was one of them. Here is what the fund said:

“Corporate executives can have many different reasons for selling shares (anticipation of tax law changes, philanthropy, diversification, and much more), but the sheer number of billionaire founders who sold shares in 2021 should raise eyebrows and might well be signaling a market top. Bloomberg’s Ben Steverman and Scott Carpenter report not only that Mark Zuckerberg of Meta Platforms, Inc. (NASDAQ:FB) (formerly known as Facebook) sold shares in his company almost every day last year but also that the founders of Google sold ~$3.5 billion worth of stock (the first time either Sergey Brin or Larry Page has sold shares since 2017).”

You can also take a peek at 10 Companies that Benefit From Crypto Mining and 12 Best Artificial Intelligence Stocks To Invest In Right Now.

Follow Insider Monkey on Twitter