Banque Pictet & Cie 13F: Adds $26M to Meta Platforms (META) Stake

In a filing on October 16, 2026, Banque Pictet & Cie disclosed that it has increased its stake in Meta Platforms, Inc. (NASDAQ: META) by 36,133 shares. This boosts its total holdings to 380,037 shares, valued at about $275.6 million.

What Changed in Banque Pictet & Cie's Meta Position

Banque Pictet & Cie added 36,133 shares, marking a 10.5% increase from its previous holding of 343,904 shares. This reinforcement reflects the firm's confidence in Meta's growth potential, especially given its significant market presence in the internet content and information sector.

Other Institutional Activity in Meta Platforms

Several major institutional investors have also adjusted their positions in Meta. Blackrock Inc. increased its holdings by 4,558,635 shares, bringing its total to 173,396,976 shares valued at approximately $123.0 billion. Vanguard Capital Management LLC added 1,307,627 shares, resulting in a total of 143,440,997 shares worth around $101.7 billion. State Street Corporation grew its stake by 3,514,233 shares, ending with 92,033,963 shares valued at about $65.3 billion. Meanwhile, FMR, LLC trimmed its position, selling 20,723,183 shares to hold 95,895,744 shares.

Meta Platforms, Inc. Stock Down 3.8%

Currently, Meta shares are trading around $705.01 as of October 16, 2026. This level is above its 50-day moving average by 8.5% and its 200-day average by 11.7%. However, the stock remains about 9.6% below its 52-week high of $779.82, suggesting some room for growth. The average price target stands at $813.65, indicating analysts see potential upside ahead.

Recent Earnings

Meta reported a trailing twelve-month revenue of about $228.2 billion with a net margin of 29.8%. The company is expected to report its next earnings on October 21, 2026, which will provide further insights into its financial health and growth strategies.

Insider Buying and Selling at Meta Platforms, Inc.

Recent insider transactions include Mark Zuckerberg, the CEO, selling 27,474 shares for a total value of approximately $21.4 million on September 24, 2026. COO Javier Olivan also sold 1,575 shares on September 28, 2026, valued at approximately $1.2 million, and made additional sales on October 5 and October 12, totaling around $2.3 million.

Analysts Set New Price Targets

On October 12, 2026, Cantor Fitzgerald maintained an Overweight rating on Meta with a price target of $840. Pivotal Research and Truist Securities, both on October 13, reaffirmed their Buy ratings with targets of $930 and $1,000, respectively. The consensus among analysts is strong, resulting in a mean price target of $813.65 based on 58 opinions.

About Meta Platforms

Meta Platforms, Inc. develops products that help users connect and share through various platforms, including mobile devices and virtual reality headsets. The company operates through its Family of Apps and Reality Labs segments, focusing on expanding its digital ecosystem globally, which remains a crucial factor for its ongoing growth.

Bottom Line

Investors should watch for Meta's upcoming earnings report on October 21, 2026, which may influence its stock trajectory. The recent adjustments by significant institutional investors, including Banque Pictet & Cie, indicate strong interest in Meta despite broader market fluctuations. This filing reflects positions held as of the reporting period and may not represent the current holdings of these investors.