HB Wealth Management 13F: Adds $6.5M to META Stake

HB Wealth Management boosted its stake in Meta Platforms, Inc. META by 7.6%, according to a Form 13F filing with the SEC on October 23, 2026. The fund purchased an additional 8,966 shares during the period, bringing its total holdings to 127,542 shares valued at $92,491,221. Meta Platforms closed at $642.62 on the filing date.

META Meta Platforms, Inc.

$648.85 ▲ +0.02% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in HB Wealth Management's Meta Platforms Position

The fund grew its investment from a prior total of 118,576 shares up to 127,542 shares. That 7.6% increase lifted the total portfolio value of the holding past $92.4 million based on period values.

Other Institutional Activity in Meta Platforms

Other institutional investors adjusted their positions around the same time. BSN Capital Partners took a new position of 150,000 shares worth $111,615,000. Mondrian Investment Partners cut its stake by 43.6% by selling 91,480 shares, ending with 118,378 shares worth $85,845,358. Sagespring Wealth Partners grew its holdings by 2,214 shares, ending with 31,902 shares worth $23,134,414. True North Advisors cut its stake by 14.6% by selling 2,569 shares, leaving it with 15,062 shares worth $10,923,014. Midwest Trust boosted its holdings by 36,154 shares, ending with 206,830 shares worth $149,989,045.

Meta Platforms, Inc. Stock Down 7.9%

Meta shares recently traded around $642.30 on October 24, 2026, which is about equal to the previous day's close of $642.62. The stock trades above its 200-day moving average of $632.56 but below its 50-day moving average of $662.86.

Recent Earnings

Meta Platforms generated trailing-twelve-month revenue of $241.6 billion alongside earnings of $29.31 per share. The company posted a net profit margin of 31.1% and a return on equity of 32.3%. Revenue grew 26.1% compared to the same period a year ago. The company operates through its Family of Apps and Reality Labs segments, developing mobile apps, virtual reality headsets, and smart glasses. Investors look toward the next earnings release scheduled for January 27, 2027.

Dividend

Meta Platforms pays an annual dividend rate of $2.10 per share, yielding 0.32% with a payout ratio of 7.9%.

Insider Buying and Selling at Meta Platforms, Inc.

Chief Operating Officer Javier Olivan completed four stock sales ahead of the filing. He sold 1,575 shares on September 28, 2026, for $1,180,966. He later sold 1,575 shares on October 5, 2026, at $728.08 per share for $1,146,726. Another sale of 1,575 shares took place on October 12, 2026, at $728.10 per share for $1,146,758. Finally, he sold 1,575 shares on October 19, 2026, at $707.20 per share for $1,113,840.

Analysts Set New Price Targets

Wall Street firms updated their views on October 22, 2026. UBS maintained a Buy rating and raised its price target from $884 to $892. Citigroup maintained a Buy rating and lifted its target from $895 to $905. DA Davidson maintained a Buy rating and raised its target from $700 to $800. BMO Capital maintained a Market Perform rating and boosted its target from $580 to $685. Evercore ISI Group maintained an Outperform rating and raised its target from $860 to $870. The stock carries a consensus strong buy recommendation from 58 analysts, with a mean price target of $843.48.

About Meta Platforms

Headquartered in Menlo Park, California, Meta Platforms builds social media apps and hardware devices that help people connect globally. Its ecosystem spans family apps and hardware like VR headsets and AI glasses.

Bottom Line

HB Wealth Management expanded its investment in Meta Platforms during a period of steady insider transactions and upbeat analyst price targets. Investors will watch for the next financial update on January 27, 2027, to check ongoing revenue growth and profitability metrics.