Carnegie Investment Counsel 13F: Cuts META Stake by $1.7M
Key Points
- Carnegie Investment Counsel trimmed its Meta Platforms position by 1.7% to 140,366 shares worth about $99.0 million.
- Other large holders adjusted their positions as well, with Banque Pictet & Cie boosting its stake to 380,037 shares.
- Meta Platforms recently traded near $698.43 as institutional investors navigate the tech giant's valuation.
Since the filing, $META is up 0.5% to date (from the $694.25 close on Oct 20, 2026).
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Carnegie Investment Counsel trimmed its stake in Meta Platforms, Inc. META by 2,433 shares during the quarter, according to its Form 13F filing with the SEC on October 20, 2026. The stock closed at $694.25 on the filing date.
META
Meta Platforms, Inc.
What Changed in Carnegie Investment Counsel's Meta Platforms Position
Carnegie Investment Counsel cut its holdings by a 1.7% decrease, bringing its total ownership to 140,366 shares. The remaining stake carried a reported value of $99,014,476 at the time of the filing, down from the previous total of 142,799 shares.
Other Institutional Activity in Meta Platforms
Other major funds also adjusted their positions in Meta Platforms during the same filing window. Financial Synergies Wealth Advisors picked up 765 shares, ending with 765 shares worth about $554,861. Banque Pictet & Cie grew its holdings by 36,133 shares, ending with 380,037 shares worth about $275,595,232 after a 10.5% increase. AlphaStar Capital Management added 888 shares for a 6.3% increase, finishing with 14,901 shares valued at about $10,806,088. Meanwhile, PensionDanmark Pensionsforsikringsaktieselskab cut its stake by 13,642 shares, resulting in a 3.1% decrease to 420,531 shares worth about $304,960,671.
Meta Platforms, Inc. Stock Down 5.7%
Meta Platforms shares recently traded around $698.43 as of October 22, 2026, sitting above both its 50-day moving average of $661.46 and its 200-day moving average of $632.62. The stock has traded in a 52-week range between $520.26 and $779.82.
Recent Earnings
Meta Platforms generated trailing-twelve-month revenue of $228.25 billion alongside earnings of $29.31 per share.
Dividend
Meta Platforms pays an annual dividend rate of $2.10 per share, giving it a dividend yield of 0.3% with a payout ratio of 7.9%.
Insider Buying and Selling at Meta Platforms, Inc.
Chief Operating Officer Javier Olivan completed several transactions, including selling 1,575 shares on September 28, 2026, for $1,180,966. He also sold 1,575 shares on October 5, 2026, at an average price of $728.08 for $1,146,726, another 1,575 shares on October 12, 2026, at $728.10 for $1,146,757.50 under a planned trading program, and 1,575 shares on October 19, 2026, at $707.20 for $1,113,840.
Analysts Set New Price Targets
TD Cowen maintained its Buy rating on October 22, 2026, with a target of $850.00. Piper Sandler maintained an Overweight rating the same day with a $850.00 target. StoneX reiterated a Hold rating on October 22, 2026. Wedbush maintained a Neutral rating with a $730.00 target, while Rosenblatt maintained a Buy rating with a $900.00 target. Across the wider analyst community, the stock carries a consensus Strong Buy rating and a mean price target of $817.87 across 58 opinions.
About Meta Platforms
Meta Platforms builds digital applications and hardware that help people stay connected through mobile phones, computers, virtual reality headsets, and smart glasses. Its operations span a massive family of social media apps alongside hardware and augmented reality projects housed in its Reality Labs division.
Bottom Line
Institutional adjustments and ongoing insider transactions highlight steady portfolio rebalancing as Meta shares trade below average analyst targets. Investors will watch upcoming earnings and regulatory updates for further direction.
Related Filing Alerts
Source: Carnegie Investment Counsel's 13F filing on $META (Oct 20, 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