Alta Capital Management Llc/ 13F: Cuts META Stake by $9.2M
Key Points
- Alta Capital Management's reduction of 12,632 shares represents a 14.1% decrease in its Meta holdings.
- Alta Capital Management Llc/ held 77,048 $META shares at quarter end, down 14.09% from the prior quarter.
- The fund now holds 5.25% of its portfolio in Meta, ranking 6th among its 215 reported positions.
- Meta shares recently traded around $630.47, which is about 19.2% below its 52-week high of $779.82.
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In a filing on October 26, 2026, Alta Capital Management reduced its stake in Meta Platforms, Inc. (META) by 12,632 shares. The change brings the fund's total holdings down to 77,048 shares, valued at approximately $55.9 million. This reduction accounts for a 14.1% decrease in its position during the quarter ending September 30, 2026.
META
Meta Platforms, Inc.
Where Meta Platforms, Inc. Fits in Alta Capital Management's Portfolio
Alta Capital Management's investment in Meta now makes up 5.25% of its total reported value of $1.07 billion. This adjustment ranks Meta as the 6th largest position in the fund's portfolio of 215 holdings.
Other Institutional Activity in Meta Platforms, Inc.
On the same day, several other funds adjusted their stakes in Meta. Gf Fund Management increased its holdings by 106,256 shares, bringing its total to 336,881 shares valued at about $244.3 million. UniSuper Management also boosted its stake by 24,103 shares, resulting in a total of 713,116 shares. Meanwhile, Marathon Asset Management reduced its position by 19,935 shares, ending up with 65,271 shares.
Meta Platforms, Inc. Stock Down 1.9%
Meta shares closed at $630.56 on October 26, 2026. They recently traded around $630.47, which is about equal to the closing price. The stock is currently 19.2% below its 52-week high of $779.82, indicating that it has faced some challenges in the market.
Recent Earnings
Meta reported trailing twelve-month revenue of approximately $241.6 billion, with a year-over-year revenue growth of 26.1%. The next earnings report is scheduled for January 27, 2027.
Dividend
Meta pays an annual dividend of $2.10 per share, which gives it a yield of 0.33%. The dividend payout ratio is 7.2%.
Insider Buying and Selling at Meta Platforms, Inc.
Chief Operating Officer Javier Olivan sold 1,575 shares on multiple occasions in October 2026, with the most recent sale on October 19 at an average price of $707.20. The total value of these transactions was approximately $4.5 million.
Analysts Set New Price Targets
On October 22, 2026, several analysts maintained their ratings on Meta. UBS kept its rating at Buy with a target of $892, while Citigroup also maintained a Buy rating with a target of $905. The consensus recommendation remains a strong Buy with a mean price target of $845.50 based on 58 analyst opinions.
About Meta Platforms, Inc.
Meta Platforms, Inc. is a technology company that develops products for people to connect and share through mobile devices, personal computers, and virtual reality. It operates through two segments: Family of Apps and Reality Labs. This recent reduction in stake by Alta Capital Management could indicate a reassessment of Meta's future potential in a challenging market.
Bottom Line
Investors will be watching for Meta's upcoming earnings report on January 27, 2027, and any further adjustments in institutional holdings. Alta Capital Management's recent cut in its position adds to the ongoing dialogue about the stock's performance in a fluctuating market.
Related Filing Alerts
Source: Alta Capital Management Llc/'s 13F filing on $META (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts