True North Advisors LLC Trims Stock Holdings in Meta Platforms, Inc. $META

Posted by Stanley Muller on Jul 24th, 2026

True North Advisors LLC lowered its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 18.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,713 shares of the social networking company’s stock after selling 4,228 shares during the period. Meta Platforms makes up about 1.2% of True North Advisors LLC’s holdings, making the stock its 20th biggest position. True North Advisors LLC’s holdings in Meta Platforms were worth $10,706,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of META. Vanguard Group Inc. grew its holdings in Meta Platforms by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 199,995,630 shares of the social networking company’s stock valued at $132,015,115,000 after buying an additional 7,269,279 shares in the last quarter. Auto Owners Insurance Co lifted its holdings in shares of Meta Platforms by 76,587.7% in the fourth quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company’s stock worth $69,502,379,000 after buying an additional 105,154,977 shares in the last quarter. State Street Corp boosted its position in shares of Meta Platforms by 5.1% in 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 period. Geode Capital Management LLC boosted its position in shares of Meta Platforms by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 52,806,712 shares of the social networking company’s stock valued at $34,734,628,000 after acquiring an additional 878,396 shares during the period. Finally, Capital World Investors grew its stake in Meta Platforms by 0.8% during the fourth quarter. Capital World Investors now owns 39,558,637 shares of the social networking company’s stock valued at $26,112,735,000 after acquiring an additional 310,947 shares in the last quarter. 79.91% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Meta Platforms

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

Positive Sentiment: A Florida teen dropped a social-media addiction lawsuit against Meta before trial, reducing near-term legal pressure and removing a potential headline risk for the company. Reuters article
Positive Sentiment: Wells Fargo reportedly raised its price target on Meta, reinforcing Wall Street’s bullish long-term view despite near-term volatility. Article
Positive Sentiment: Jefferies said Meta’s AI glasses could become a meaningful long-term hardware growth opportunity, highlighting the company’s first-mover advantage in AI wearables. Article
Positive Sentiment: Analysts and commentators continue to point to strong demand for Meta’s data-center and AI infrastructure buildout, with some seeing that spending as evidence of aggressive positioning in the AI race. Article
Neutral Sentiment: Meta launched a new AI-optimism ad campaign and Zuckerberg has been publicly pushing back against “AI doomerism,” but the messaging also highlights ongoing backlash over AI risks and product criticism. Article
Neutral Sentiment: Meta’s stock is in focus ahead of earnings, with some technical traders noting it is trading below several key moving averages and could remain volatile if results or guidance disappoint. Article
Negative Sentiment: Meta dropped out of a major clean-energy pact while its natural-gas power buildout accelerates, which could fuel criticism from ESG-focused investors and increase scrutiny of its AI infrastructure strategy. Article
Negative Sentiment: Several reports suggest investors are worried about Meta’s heavy AI capex, with comparisons to other megacap tech names showing the market is increasingly focused on whether spending will pay off. Article

Insider Buying and Selling

In other Meta Platforms news, COO Javier Olivan sold 3,348 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $600.97, for a total transaction of $2,012,047.56. Following the completion of the transaction, the chief operating officer owned 9,498 shares of the company’s stock, valued at $5,708,013.06. This represents a 26.06% decrease in their position. 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, Director Robert M. Kimmitt sold 500 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $607.75, for a total value of $303,875.00. Following the completion of the sale, the director owned 3,443 shares of the company’s stock, valued at approximately $2,092,483.25. This trade represents a 12.68% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 37,948 shares of company stock valued at $23,184,319 over the last ninety days. 13.53% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on META. Erste Group Bank upgraded shares of Meta Platforms from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Guggenheim decreased their target price on Meta Platforms from $850.00 to $800.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $725.00 price target (down from $825.00) on shares of Meta Platforms in a report on Thursday, April 30th. Mizuho dropped their price target on Meta Platforms from $850.00 to $835.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Finally, BNP Paribas Exane started coverage on Meta Platforms in a report on Tuesday, June 2nd. They set an “outperform” rating for the company. Five analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $835.64.

Read Our Latest Research Report on Meta Platforms

Meta Platforms Stock Performance

Shares of META stock opened at $606.10 on Friday. The stock has a 50 day moving average price of $604.90 and a two-hundred day moving average price of $625.98. Meta Platforms, Inc. has a fifty-two week low of $520.26 and a fifty-two week high of $796.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.35 and a current ratio of 2.35. The company has a market capitalization of $1.53 trillion, a P/E ratio of 22.03, a PEG ratio of 1.04 and a beta of 1.25.

Meta Platforms (NASDAQ:META – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The social networking company reported $10.44 earnings per share for the quarter, beating the consensus estimate of $6.67 by $3.77. The business had revenue of $56.31 billion during the quarter, compared to analysts’ expectations of $55.56 billion. Meta Platforms had a net margin of 32.84% and a return on equity of 36.93%. The firm’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.43 EPS. Analysts expect that Meta Platforms, Inc. will post 30.07 earnings per share for the current year.

Meta Platforms Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Monday, June 15th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, June 15th. Meta Platforms’s dividend payout ratio is 7.63%.

About Meta Platforms

(Free Report)

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.