1,264 Shares in Meta Platforms, Inc. $META Purchased by Torren Management LLC

Key Points

• Torren Management LLC initiated a new stake in Meta Platforms during the fourth quarter, buying 1,264 shares valued at about $834,000. The position represents roughly 0.4% of the firm’s portfolio.
• Meta remains heavily owned by institutions, with hedge funds and asset managers continuing to add to positions; 79.91% of the stock is held by institutional investors and hedge funds. Vanguard and State Street were among the largest holders, while several other funds also increased exposure.
• Meta reported a strong quarter, posting $10.44 EPS on $56.31 billion in revenue, both ahead of estimates. Analysts remain generally bullish, with the consensus rating at Moderate Buy and an average price target of about $840.31.

Torren Management LLC bought a new position in shares of Meta Platforms, Inc. (NASDAQ:META - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,264 shares of the social networking company's stock, valued at approximately $834,000. Meta Platforms accounts for approximately 0.4% of Torren Management LLC's portfolio, making the stock its 26th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of META. Vanguard Group Inc. grew its holdings in Meta Platforms by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock worth $132,015,115,000 after acquiring an additional 7,269,279 shares during the period. State Street Corp grew its holdings in Meta Platforms by 1.9% during the second quarter. State Street Corp now owns 86,925,674 shares of the social networking company's stock worth $64,158,971,000 after acquiring an additional 1,650,435 shares during the period. Danske Bank A S acquired a new stake in Meta Platforms during the third quarter worth about $1,191,175,000. Concentrum Wealth Management grew its holdings in Meta Platforms by 948.7% in the third quarter. Concentrum Wealth Management now owns 1,243,577 shares of the social networking company's stock valued at $913,000 after purchasing an additional 1,124,998 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its holdings in Meta Platforms by 209.3% in the third quarter. Mercer Global Advisors Inc. ADV now owns 430,434 shares of the social networking company's stock valued at $314,340,000 after purchasing an additional 824,276 shares during the period. 79.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Robert M. Kimmitt sold 580 shares of Meta Platforms stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $667.00, for a total value of $386,860.00. Following the sale, the director directly owned 3,847 shares of the company's stock, valued at $2,565,949. The trade was a 13.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Javier Olivan sold 926 shares of Meta Platforms stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $607.74, for a total value of $562,767.24. Following the completion of the sale, the chief operating officer directly owned 7,779 shares in the company, valued at $4,727,609.46. This represents a 10.64% 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 sold 168,193 shares of company stock worth $107,642,717 over the last ninety days. Corporate insiders own 13.61% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on META. Wall Street Zen raised Meta Platforms from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Truist Financial dropped their price objective on Meta Platforms from $900.00 to $840.00 and set a "buy" rating on the stock in a report on Thursday, April 30th. Needham & Company LLC reissued a "hold" rating on shares of Meta Platforms in a report on Thursday, January 29th. Barclays raised their price objective on Meta Platforms from $800.00 to $830.00 and gave the company an "overweight" rating in a report on Thursday, April 30th. Finally, Scotiabank raised their price objective on Meta Platforms from $685.00 to $700.00 and gave the company a "sector perform" rating in a report on Thursday, January 29th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $840.31.

Meta Platforms Stock Performance

Shares of NASDAQ:META opened at $609.63 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 2.35. The business's 50 day moving average price is $627.67 and its 200-day moving average price is $645.30. The firm has a market capitalization of $1.54 trillion, a PE ratio of 22.16, a P/E/G ratio of 1.08 and a beta of 1.25. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.67 by $3.77. The firm had revenue of $56.31 billion for the quarter, compared to analyst estimates of $55.56 billion. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The business's revenue was up 33.1% on a year-over-year basis. During the same period in the previous year, the company posted $6.43 earnings per share. As a group, equities research analysts expect that Meta Platforms, Inc. will post 29.67 earnings per share for the current fiscal year.

Meta Platforms Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Monday, March 16th were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 0.3%. Meta Platforms's payout ratio is currently 7.63%.

Meta Platforms News Roundup

Here are the key news stories impacting Meta Platforms this week:

• Positive Sentiment: Several analysts remain bullish on Meta Platforms, with recent notes from firms like BofA and Erste Group lifting earnings estimates or price targets after strong Q1 results, reinforcing expectations for meaningful upside. Article Title
• Positive Sentiment: Meta’s AI push is drawing attention as the company reportedly works on AI agents and improved models like Muse Spark, which could support new products and future monetization opportunities. Article Title
• Neutral Sentiment: Commentary pieces continue to frame Meta as an important AI and large-cap tech name, but these are mostly opinion-driven and do not add new fundamental information for the stock. Article Title
• Neutral Sentiment: Meta was also mentioned in a deal roundup about acquiring Assured Robot Intelligence, but the report provided little detail, so the market impact is unclear. Article Title
• Negative Sentiment: Reports highlighting employee dissatisfaction and impending layoffs suggest Meta’s AI transformation is creating internal friction, while also reminding investors that the company’s AI ambitions come with higher costs. Article Title
• Negative Sentiment: Investor concern remains centered on Meta’s enormous 2026 capex plan, estimated at $125 billion to $145 billion, which is fueling fears that profitability could come under pressure before AI investments pay off. Article Title

Meta Platforms 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.

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