Midwest Trust 13F: Adds $26M to Meta Platforms (META) Stake

Midwest Trust grew its investment in Meta Platforms, Inc. META by 21.2%, according to a Form 13F filing disclosed on October 22, 2026. The institutional investor picked up an additional 36,154 shares during the period, bringing its total ownership to 206,830 shares. The stake carried a reported value of $149,989,045 at the time of the filing. Prior to this purchase, the fund held 170,676 shares of the social media company.

META Meta Platforms, Inc.

$697.52 ▲ +7.52% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in Midwest Trust's Meta Platforms Position

The adjustment expands the fund's exposure to the tech giant by 36,154 shares. With this 21.2% increase, Midwest Trust ended the quarter holding 206,830 shares valued at $149,989,045.

Other Institutional Activity in Meta Platforms

Other institutional managers adjusted their positions in Meta Platforms during the same filing window. Sagespring Wealth Partners grew its holdings by 2,214 shares, ending with 31,902 shares worth about $23,134,414 following a 7.5% increase. Meanwhile, True North Advisors trimmed its stake by 14.6%, selling 2,569 shares to finish the period with 15,062 shares valued at $10,923,014.

Meta Platforms, Inc. Stock Down 6.5%

Shares of Meta Platforms recently traded around $648.91 as of October 23, 2026, down about 7.0% since closing at $697.52 on October 21, 2026. The stock sits below its 50-day moving average of $661.46 but remains above its 200-day moving average of $632.62. The company carries a market capitalization of roughly $1.78 trillion.

Recent Earnings

Meta Platforms generated $228.25 billion in trailing-twelve-month revenue alongside earnings of $29.31 per share. The company reported a net profit margin of 29.8% and a return on equity of 29.8% for the period.

Dividend

Meta Platforms pays an annual dividend rate of $2.10 per share, giving investors a dividend yield of 0.3%. The company's dividend payout ratio stands at 7.9%.

Insider Buying and Selling at Meta Platforms, Inc.

Chief Operating Officer Javier Olivan completed four separate stock transactions during late September and October 2026. On September 28, 2026, Olivan sold 1,575 shares. He sold another 1,575 shares on October 5, 2026, at an average price of $728.08 for a total value of $1,146,726. Another sale of 1,575 shares took place on October 12, 2026, at $728.10 per share, totaling $1,146,758. Finally, Olivan sold 1,575 shares on October 19, 2026, at $707.20 per share for a total value of $1,113,840.

Analysts Set New Price Targets

Wall Street firms updated their views on Meta Platforms alongside the recent reporting cycle. On October 22, 2026, UBS maintained its Buy rating while lifting its price target to $892.00 from $884.00. Citigroup kept a Buy rating on October 22, 2026, and raised its price target to $905.00 from $895.00. DA Davidson maintained a Buy rating on October 22, 2026, pushing its target up to $800.00 from $700.00. BMO Capital kept a Market Perform rating on October 22, 2026, while raising its target to $685.00 from $580.00. Evercore ISI Group maintained an Outperform rating on October 22, 2026, lifting its target to $870.00 from $860.00. The stock maintains a consensus Strong Buy rating across 58 analyst opinions, with a mean price target of $817.87.

About Meta Platforms

Meta Platforms builds applications and hardware that help people stay connected through mobile devices, personal computers, virtual reality headsets, and AI glasses. Its operations span two main divisions: the Family of Apps, which houses platforms like Facebook, Instagram, and WhatsApp, and Reality Labs, which focuses on augmented and virtual reality hardware and software development.

Bottom Line

Institutional managers continue to adjust large positions in Meta Platforms as the company navigates ongoing investments in artificial intelligence and hardware. Investors will look to upcoming earnings reports for further updates on advertising revenue growth and the profitability of the Reality Labs segment.