Norris Perne & French 13F: Adds $2.1M to META Stake
Key Points
- Norris Perne & French's stake in Meta Platforms increased by 2,937 shares, a 46.0% rise, as reported in its latest filing.
- Norris Perne & French held 9,320 $META shares at quarter end, up 46.01% from the prior quarter.
- The fund's total reported value in Meta now stands at about $1.33 billion, representing 0.51% of its overall portfolio.
- Meta recently traded around $630.47, which is about 1.9% below its closing price of $642.62 on the filing date.
Since the filing, $META is down 1.9% to date (from the $642.62 close on Oct 23, 2026).
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Norris Perne & French boosted its position in Meta Platforms, Inc. (META) by 2,937 shares in a filing on October 23, 2026.
META
Meta Platforms, Inc.
What Changed in Norris Perne & French's Meta Position
Norris Perne & French's stake in Meta grew by 2,937 shares, marking a 46.0% increase. The total reported value of this position is about $1.33 billion, reflecting its significance within the fund's overall portfolio.
Where Meta Fits in Norris Perne & French's Portfolio
Meta now accounts for 0.51% of Norris Perne & French's total reported 13F value, ranking 36th among the fund's 156 positions. The estimated gain versus cost remains unreported, but the increase in shares suggests a stronger commitment to the company.
Other Institutional Activity in Meta Platforms
Several other funds also adjusted their positions in Meta. Sagespring Wealth Partners added 2,214 shares, bringing its total to 31,902 shares worth about $23.13 million. Meanwhile, Midwest Trust increased its holdings by 36,154 shares, now holding 206,830 shares valued at approximately $149.99 million.
Meta Platforms, Inc. Stock Down 1.9%
As of October 27, 2026, Meta traded around $630.47, which is about 1.9% below its closing price of $642.62 on October 23, 2026. The stock is currently positioned about 19.2% below its 52-week high of $779.82, indicating it has room for growth.
Recent Earnings
Meta reported trailing twelve-month revenue of approximately $241.6 billion, with an earnings per share (EPS) of $29.31. The next earnings report is scheduled for January 27, 2027.
Insider Buying and Selling at Meta Platforms, Inc.
Javier Olivan, the Chief Operating Officer, sold 1,575 shares on multiple occasions in October 2026, with prices ranging from $707.20 to $728.10. These transactions occurred before the recent filing by Norris Perne & French.
Analysts Set New Price Targets
On October 22, 2026, several firms maintained their ratings on Meta. UBS kept a Buy rating with a price target of $892.00, while Citigroup also maintained a Buy rating with a target of $905.00. The consensus among analysts rates Meta as a strong buy, with a mean price target of about $844.26.
About Meta Platforms, Inc.
Meta Platforms, Inc. develops products that help people connect and share through various devices, including mobile phones and virtual reality headsets. The company operates through two main segments: Family of Apps and Reality Labs, positioning itself as a leader in the communication services sector.
Bottom Line
Investors should keep an eye on Meta's upcoming earnings report on January 27, 2027, as well as further filings from Norris Perne & French and other institutional investors regarding their stakes in the company.
Related Filing Alerts
Source: Norris Perne & French's 13F filing on $META (Oct 23, 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