Torren Management LLC Cuts Stock Holdings in Meta Platforms, Inc. $META

Key Points

• Torren Management LLC sharply reduced its Meta stake in the first quarter, cutting holdings by 92.4% and ending with just 96 shares valued at about $55,000.
• Wall Street remains broadly bullish on META, with analysts assigning a consensus rating of “Moderate Buy” and an average price target of $835.90, despite some recent target cuts.
• Meta continues to show strong fundamentals, posting better-than-expected Q1 earnings and revenue growth of 33.1% year over year, while also paying a quarterly dividend of $0.525 per share.

Torren Management LLC decreased its position in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 92.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96 shares of the social networking company's stock after selling 1,168 shares during the quarter. Torren Management LLC's holdings in Meta Platforms were worth $55,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in META. Auto Owners Insurance Co grew its position in Meta Platforms by 76,587.7% in the 4th quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company's stock worth $69,502,379,000 after purchasing an additional 105,154,977 shares in the last quarter. Norges Bank bought a new position in shares of Meta Platforms in the fourth quarter valued at approximately $22,152,075,000. Vanguard Group Inc. grew its holdings in shares of Meta Platforms by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company's stock valued at $132,015,115,000 after acquiring an additional 7,269,279 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Meta Platforms by 488.1% during the fourth quarter. Corient Private Wealth LLC now owns 5,466,595 shares of the social networking company's stock valued at $3,608,445,000 after acquiring an additional 4,537,076 shares during the last quarter. Finally, State Street Corp increased its position in shares of Meta Platforms by 5.1% during the fourth quarter. State Street Corp now owns 90,841,345 shares of the social networking company's stock valued at $59,963,463,000 after acquiring an additional 4,395,763 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on META. Morgan Stanley cut their price objective on Meta Platforms from $825.00 to $775.00 and set an "overweight" rating on the stock in a research report on Monday, March 30th. Arete Research set a $735.00 target price on Meta Platforms and gave the company a "buy" rating in a research report on Tuesday, June 2nd. Tigress Financial boosted their price target on shares of Meta Platforms from $935.00 to $945.00 and gave the stock a "strong-buy" rating in a report on Wednesday, March 18th. Benchmark assumed coverage on shares of Meta Platforms in a report on Tuesday, June 2nd. They issued a "buy" rating on the stock. Finally, Wall Street Zen lowered shares of Meta Platforms from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. Three research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $835.90.

Insider Buying and Selling at Meta Platforms

In other news, insider Curtis J. Mahoney sold 2,079 shares of the business's stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $609.92, for a total value of $1,268,023.68. Following the sale, the insider owned 1,118 shares of the company's stock, valued at $681,890.56. The trade was a 65.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Andrew Bosworth sold 7,847 shares of the company's stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $607.83, for a total transaction of $4,769,642.01. Following the sale, the chief technology officer owned 414 shares in the company, valued at $251,641.62. The trade was a 94.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 39,503 shares of company stock worth $24,241,859 over the last three months. Company insiders own 13.53% of the company's stock.

Meta Platforms Stock Performance

Shares of META opened at $681.31 on Thursday. Meta Platforms, Inc. has a 1 year low of $520.26 and a 1 year high of $796.25. 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 stock's fifty day moving average price is $601.49 and its two-hundred day moving average price is $626.86. The firm has a market cap of $1.72 trillion, a PE ratio of 24.77, a PEG ratio of 1.17 and a beta of 1.25.

Meta Platforms (NASDAQ:META - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, topping the consensus estimate of $6.67 by $3.77. Meta Platforms had a return on equity of 36.93% and a net margin of 32.84%.The company had revenue of $56.31 billion during the quarter, compared to analyst estimates of $55.56 billion. During the same quarter last year, the firm posted $6.43 EPS. The firm's revenue for the quarter was up 33.1% on a year-over-year basis. On average, equities research analysts forecast that Meta Platforms, Inc. will post 29.42 EPS for the current year.

Meta Platforms Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were paid a $0.525 dividend. The ex-dividend date was Monday, June 15th. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. Meta Platforms's dividend payout ratio (DPR) is presently 7.63%.

Meta Platforms News Summary

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

• Positive Sentiment: Multiple pieces highlighted Meta’s expanding AI strategy, including reports that it is building out custom chips and massive computing capacity, with some commentary suggesting Meta could even broaden into cloud services. That supports the view that META is investing aggressively to stay competitive in AI. How Meta Platforms (META) Is Strengthening Its AI Infrastructure With Custom Chips and Massive Computing Expansion
• Positive Sentiment: Several market articles argued that investors are still warming to Meta ahead of its next earnings report, pointing to strong ad growth, AI engagement, and continued long-term demand for its platforms. This is helping sentiment around the stock. Meta Platforms, Inc. (META) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Meta announced it will release second-quarter 2026 results on July 29, keeping attention on the upcoming earnings print. That event is adding anticipation, but it is not a direct operational surprise yet. Meta to Announce Second Quarter 2026 Results
• Neutral Sentiment: Some analysts are debating valuation and capital spending, with concerns that heavy AI capex could pressure free cash flow even if revenue remains strong. That creates a valuation headwind, but it is still largely a longer-term debate. Meta Q2 Preview: CAPEX And Free Cash Flow In Focus
• Negative Sentiment: Meta is facing a new lawsuit from former employees alleging it used AI tools and workplace metrics to target workers on medical, parental, or other protected leave during layoffs. That raises legal and reputational risk for META. Meta used AI to target workers with medical conditions for layoffs, former employees' lawsuit claims

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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