Axxcess Wealth Management 13F: Cuts META Stake by $18M

Axxcess Wealth Management reduced its stake in Meta Platforms, Inc. (META) by 24,710 shares during the third quarter, according to a Form 13F filing with the SEC on October 21, 2026. Meta Platforms closed at $697.52 on the filing date. Headquartered in Menlo Park, California, Meta Platforms builds applications and hardware that let people connect through mobile devices, computers, virtual reality headsets, and AI glasses.

META Meta Platforms, Inc.

$694.25 ▲ +7.02% year to date

1M 3M YTD

Daily close · Oct 20, 2026

What Changed in Axxcess Wealth Management's Meta Platforms Position

Axxcess Wealth Management cut its holdings by 45.657797487065785%, lowering its position from 54,120 shares down to 29,410 shares. The remaining stake carried a reported value of $21,327,177.0 at the time of the filing.

Other Institutional Activity in Meta Platforms

Pictet North America Advisors grew its holdings by 2,269.0 shares, ending with 33,415.0 shares worth about $24,231,890.0. AlphaStar Capital Management grew its holdings by 888.0 shares, ending with 14,901.0 shares worth about $10,806,088.0. PensionDanmark Pensionsforsikringsaktieselskab reduced its holdings by 13,642.0 shares, ending with 420,531.0 shares worth about $304,960,671.0. Financial Synergies Wealth Advisors opened a new position with 765.0 shares worth about $554,861.0. Carnegie Investment Counsel reduced its holdings by 2,433.0 shares, ending with 140,366.0 shares worth about $99,014,476.0.

Meta Platforms, Inc. Stock Down 5.3%

Meta Platforms shares recently traded around $657.74 as of October 22, 2026, down about 5.7% from their $697.52 close on the filing date.

Recent Earnings

Meta Platforms reported trailing-twelve-month revenue of $228.2 billion and earnings of $29.31 per share.

Dividend

Meta Platforms pays an annual dividend of $2.10 per share.

Insider Buying and Selling at Meta Platforms, Inc.

Chief Operating Officer Javier Olivan executed four transactions between September 28 and October 19, 2026. On September 28, Olivan disposed of 1,575 shares valued at $1,180,966.0. On October 5, Olivan sold 1,575 shares at an average price of $728.08 for a total of $1,146,726.0. On October 12, Olivan parted with 1,575 shares at an average price of $728.10 for a total of $1,146,758.0. Finally, on October 19, Olivan sold 1,575 shares under a planned arrangement at an average price of $707.20 for a total of $1,113,840.0.

Analysts Set New Price Targets

On October 22, 2026, Scotiabank maintained its Sector Perform rating on the stock and raised its price target to $650.00 from $600.00. On the same day, JP Morgan maintained an Overweight rating and lifted its target to $940.00 from $920.00. TD Cowen maintained a Buy rating while adjusting its target down to $850.00 from $865.00. Piper Sandler maintained an Overweight rating and moved its target to $850.00 from $875.00. StoneX reiterated its Hold rating without providing a specific price target.

About Meta Platforms

Meta Platforms develops digital spaces and hardware products focused on social connection across its Family of Apps and Reality Labs segments.

Bottom Line

Institutional adjustments and insider transactions provide context on how large stakeholders view Meta Platforms as the company navigates its current market valuation. Market participants continue to monitor upcoming financial disclosures and analyst price adjustments.